NFTs have been popular as a status symbol in recent years, but what exactly are they, and why are they so trendy? Is it worth your time and money to invest in them?
Till now NFT sales have gone to $2.57 billion as per, and the crypto market is going crazy behind it. According to non-fungibe.com August has been the busiest month for NFTs in history with a sale of around $1.9 billion.
These are a few new NFT projects that are gaining a lot of attention and we can’t sit quietly. So let’s dig into this list.
Mutant Ape Yacht Club
The Bored Ape Yacht Club (BAYC) launched the Mutant Ape Yacht Club (MAYC) NFTs on August 28th, 2021. There are up to 20,000 mutant apes in this assortment. The MAYC is a strategy for rewarding chimp owners with an entirely new NFT—a “freak” variety of their primates—while also allowing rookies to participate in the BAYC biological system at a lower level.
Mutants are the highest level in the membership, and they mark the end of BAYC’s Roadmap 1.0.
The most expensive Mutant Ape Yacht Club is #4849 which was sold for 350 ETH on OpenSea.
Sneaky Vampire Syndicate
The NFT’s Sneaky Vampire Syndicate was born out of a brainstorming session among pals. The same artist of Bored Ape Yacht Club (BAYC) created the NFT called Sneaky Vampire Syndicate.
The Sneaky Vampire Syndicate is a collection of 8,888 unique Vampires residing in The Lair, a place where all Vampires call home— existing in the Metaverse, far from the searing light of day and infernal Vampire Hunters! All Sneaky Vampires are ERC-721 coins that live on the Ethereum Blockchain.
The Lair, a place where all Vampires call home, exists in the Metaverse, far from the scorching light of day and infernal Vampire Hunters!
Loot Project
The New NFT project Loot includes a random word generator. It’s a piece of randomly created adventurer gear stored on the blockchain.
Dom Hofmann, the creator of Vine as well as an entrepreneur and programmer, founded Loot. He created Loot on the Ethereum platform.
Although there were no fees for claiming the bags, there were fees for gas. All 8,000 bags were gone in less than four hours.
The loot NFTs are black cards with a random assortment of objects printed on them. These cards are known as adventure chest packs. The following objects can be found in the adventurer’s chest: Foot, Hand, Head, Chest, Neck, Ring, Waist, and Weapon.
Apart from this, there are many more derivative projects. Loot bags containing Divine Robe of the Fox were priced higher than others.
Also recently, Stani Kulechov, founder of AAVE stated in a tweet that Aave protocol will soon include a new ability to utilize Loot NFT as collateral to borrow AGLD.
LostPoets
Pak released LostPoets, an NFT collection, and strategic game, on September 3rd, 2021. On the same day, eth sold all of its 65536 NFTs. The NFT collection has a total of 65536 achievable NFTs and 1024 Origin NFTs.
The LostPoets smart contract was placed on the Ethereum network by Pak.
Despite the fact that the sale was meant to last 48 hours, all of the NFTs were sold in under two hours, resulting in a profit of roughly $70 million. For each page earned, a Poet NFT can be claimed, thereby making each page a ticket to a Poet.
Lostpoet NFTs are still popular because the project is still in the works. Every day, two new poets will be released as part of the initiative, which will span 365 days.
After the first project, Pak has provided two options in the second act where one can either change the page into a Poet or keep it as it is.
LoomLock NFT
LoomLock is a new NFT project launched by Loomdart on Metadrop.com. Each NFT holder will receive a unique Token that can be burned or redeemed for a limited-edition physical LoomLock.
The original LoomLock NFTs are made up of 12345 different adorable Wassies.
LoomLock is a physical Lockout device that is designed to keep you physically inaccessible to your addiction, allowing you to break free from it. It’s a device in which you can place any physical object and lock it for a set amount of time, so you can’t physically access it until the timer goes to zero.
Loomdart gave away 9000 LoomLock NFTs on Metadrop.com (Wassies).
Here you can read about Old NFT Projects That are Trending Now.
Conclusion
The current trend favours bulk collectibles projects because they are cheap to start and can attract a large user base. Following the huge success of CryptoPunk and BAYC, more and more collectible projects are launching.
There are majorly 2 ways by which you could get the most of it by collecting them. The first way is to either participate in almost all of their auctions or keep your eyes wide open to know which among all the collectibles is the best and in trend and go for it when they are in their initial stages.
In this article, we have listed a few to give you an overview of the current market. Also, before proceeding make sure that you are going for an authentic platform. And finally, be careful and proceed at your own risk.
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