The NFT market has seen tremendous growth in recent times and we are only seeing the beginning of it. In May 2021, Beeple sold a non-fungible token (NFT) for a whopping $69 million. A report on Forbes revealed that a set of 101 non-fungible tokens (NFTs) were sold for a staggering $24 million. At this point, it is safe to say that the NFT market has come to stay, and people ignoring the market might be doing themselves a disservice.
Non-fungible tokens (NFTs) are programmatically generated unique digital tokens that can be used to represent real-world assets like real estate, artworks, music, and so on. With this revolutionary invention, there is now a possibility of bringing art ownership to the masses. With the growing demand for NFTs, there is currently a long list of collections to choose from.
According to a survey of 500 NFT experts who were asked to rank 100 upcoming NFT drops. The top 10 were selected based on parameters like:
- Uniqueness
- Virality
- Media Presence
- Possible increase in value
- Execution
Overview Of The Top 5 Upcoming NFT Drops Based On This Ranking
From the overview, you can see that BitColors is leading the chart with a near-perfect score of 48. It is followed closely by CrypToadz with a 47 score, while CyberKongz is following closely after scoring 45 in the survey.
A look At The Top 5 Upcoming NFT Collections
BitColors
Although most NFT collections pay more attention to digital arts, BitColors brings a completely new dimension to the NFT fuzz. It is a collection of 1000 handcrafted NFT colors that you can own and trade. We can all see the reason BitColors scored a 10 in its potential upside and uniqueness.
CrypToadz
CryptToadz was created by Gremplin, an artist who is believed to be the visual historian of the non-fungible token market. This collection is made up of 6969 pixelated amphibious creatures that are trying to escape from the tyrannical rule of the evil king Gremplin. When the project was first launched in early September, it sold more than $17.5 million worth of non-fungible tokens within the first week.
CyberKongz
The CyberKongz NFT collection became popular because they served as suitable profile pictures on Discord. Artist Myoo launched the NFTt collection in early March 2021 with 1000 unique and randomly created 2D and 3D NFT social avatars. The popularity of the collection grew when NFT lovers found the minting process on the OpenSea NFT marketplace.
Habbo Avatars
Habbo Avatars is the first official NFT collection for Habbo created by Sulake. It is made up of 11,600 unique, handcrafted, and automatically generated pixilated avatars. There are currently about 2,500 collectors who have purchased over 10,000 Habbo avatars. This NFT collection marked the entrance of an existing video game IP into the NFT market.
Sneaky Vampires
The Sneaky Vampire NFT collection started as an idea by a group of friends. Since its debut in the NFT space, Sneaky Vampires have transitioned to become quite a sensation in the NFT space. It is made up of 8,888 Vampires that offer some elements of utility to its collectors.
Conclusion
The NFT buzz is only getting started. According to a report on Reuters, the NFT sales volume surged $10.7 billion in the third quarter of 2021. This momentum is very much expected to continue. As digital artists churn out new NFTs by the day, collectors, on the other hand, are looking out for the next CryptoPunks.