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NFTs, or non-fungible tokens, are one of the hottest trends in the crypto space. NFTs are unique digital assets representing anything from art, music, and games to sports. NFTs are powered by blockchain technology, which ensures their authenticity, scarcity, and ownership.
Ethereum is the leading blockchain platform for NFTs, hosting thousands of NFT collections and projects. Ethereum-based NFTs benefit from the network's security, interoperability, and innovation. However, Ethereum also faces high gas fees, scalability issues, and environmental concerns. This article will explore some of the most popular and promising Ethereum-based NFT collections to invest in in 2023. These collections are based on various criteria such as market cap, trading volume, community size, rarity, utility, and future potential.
Bored Ape Yacht Club is one of the most successful and influential NFT collections ever created. Launched in April 2021 by Yuga Labs, BAYC comprises 10,000 unique pixel art apes with various traits and accessories. Each ape also grants its owner access to the exclusive Bored Ape Yacht Club community and perks.
BAYC is the most valuable NFT collection on Ethereum by market cap, reaching over US$3 billion as of January 2023. The floor price for a BAYC ape is around 100 ETH (US$300k), while the highest sale was 740 ETH (US$2.2 million) for a gold fur trippy ape. BAYC also has a high monthly trading volume of over US$200 million.
CryptoPunks are the OGs of the NFT space. Created in 2017 by Larva Labs, CryptoPunks are 10,000-pixel art characters with different attributes and rarities. CryptoPunks were given away for free to anyone with an Ethereum wallet but have since become highly sought-after collectibles. CryptoPunks are widely regarded as the first NFT project on Ethereum and have inspired many other NFT collections and projects.
CryptoPunks are the second most valuable NFT collection on Ethereum by market cap, reaching over US$1.4 billion as of January 2023. The floor price for a CryptoPunk is around 50 ETH (US$150k), while the highest sale was 4,200 ETH (US$12.6 million) for an alien punk with a headband. CryptoPunks also have a high monthly trading volume of over US$100 million.
ArtBlocks Curated is a unique and innovative NFT collection showcasing generative blockchain art. Launched in 2020 by Erick Calderon (aka Snowfro), ArtBlocks Curated features artworks created by algorithmic code that are minted on demand by collectors. Each artwork is one-of-a-kind and immutable.
ArtBlocks Curated is the third most valuable NFT collection on Ethereum by market cap, reaching over US$1 billion as of January 2023. The floor price for an ArtBlocks Curated artwork varies depending on the project but ranges from 5 ETH (US$15k) to over 100 ETH (US$300k). The highest sale was 1,000 ETH (US$3 million) for a Fidenza #313. ArtBlocks Curated also has a monthly trading volume of over US$50 million.
Doodles are a cute and colorful NFT collection that celebrates creativity and fun. Launched in September 2021 by a team of anonymous artists and developers, Doodles consists of 10,000 randomly generated cartoon characters with various traits and personalities. Each Doodle also has a backstory and a name that reflects its character.
Doodles are the fourth most valuable NFT collection on Ethereum by market cap, reaching over US$500 million as of January 2023. The floor price for a Doodle is around 15 ETH (US$45k), while the highest sale was 250 ETH (US$750k) for a Doodle named Boba. Doodles also have a high monthly trading volume of over US$20 million.
Axie Infinity is a popular and profitable NFT game that combines blockchain, gaming, and social elements. Launched in 2018 by Sky Mavis, Axie Infinity is a game where players can collect, breed, battle, and trade cute digital creatures called Axies. Each Axie is an NFT with unique genes and abilities that affect its performance in the game.
Axie Infinity is the fifth most valuable NFT collection on Ethereum by market cap, reaching over US$400 million as of January 2023. The floor price for an Axie is around 0.2 ETH (US$600), while the highest sale was 300 ETH (US$900k) for an Axie named Angel. Axie Infinity also has a high monthly trading volume of over US$10 million.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
