Ethereum

Top 5 Collection NFTs With The Largest Marketcap On Ethereum

March 22, 2022 - Around 5 mins mins to read

NFTs are currently taking the digital art and collectables world by storm. Digital artists are seeing their lives change thanks to huge sales to a new crypto-audience. And celebrities are joining in as they spot a new opportunity to connect with fans. But digital art is only one way to use NFTs. Really they can be used to represent ownership of any unique asset, like a deed for an item in the digital or physical realm.

What Is NFT?

You must have heard a lot about NFT recently or a picture created by the internet sold for 1 million. So what to know about non-fungible tokens (NFTs) — unique digital assets built on blockchain technology?

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Collection of BAYC

  • A non-fungible token (NFT) is a unique digital asset that represents ownership of real-world items like art, video clips, music, and more.
  • NFTs use the same blockchain technology that powers cryptocurrencies, but they’re not a currency.
  • While NFTs have sold for millions, they’re highly speculative assets that are not appropriate for every investor.
NFT aren’t interchangeable. With NFTs, each token has unique properties and isn’t worth the same amount as other similar tokens. To dễ hiểu, you can imagine like this: For the traditional market, you may end up buying a fake even if you have verified it many times, a Mona Lisa painting may have thousands of fake paintings but there is only one original. NFT technology helps assign the ownership of the original piece.”

Other people may be able to make copies of the image, video, or digital item that you own when you buy an NFT. But, similar to buying a unique piece of art or limited-series print, the original could be more valuable.

How to buy an NFT 

You can buy, sell, trade and create NFTs from online exchanges or marketplaces. The creator or current owner may choose a specific price. Or, there may be an auction, and you’ll have to bid on the NFT. Some places with large and reputable transaction volumes you can refer to:

  • OpenSea: One of the earliest and largest marketplaces for NFTs for a broad variety of collectibles.
  • Nifty Gateway: A marketplace for art that collaborates with well-known businesses, athletes, and creators.
  • Foundation: A marketplace that is curated by the community and needs producers to be invited by other artists who are currently on the platform.
  • SuperRare: A digital art marketplace that focuses on curating and selling digital art.
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NFT uses blockchain technology to create a unique market, especially Ethereum is the blockchain chain most used by the creators. Nearly the Bored Ape Yacht Club – BAYC just owns token ApeCoin for future products and services. Let’s take a look at the top 5 collections with the highest Marketcap in the last 7 days on Ethereum.

CryptoPunks

The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that’s also embedded in the blockchain.

Contract: 0xb47e3cd837dDF8e4c57F05d70Ab865de6e193BBB

Market Cap: $1.66B +0.39%

Volume(7D): $24.76M-17.38%

Holders: 3.43K-0.12%

1 10
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Bored Ape Yacht Club

The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectables living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board.

Contract: 0xBC4CA0EdA7647A8aB7C2061c2E118A18a936f13D

Market Cap: $933.47M+5.65%

Volume(7D): $122.99M+298.47%

Holders: 6.36K-0.44%

2 8
22 1

Meebits

The Meebits are 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain.

Contract: 0x7Bd29408f11D2bFC23c34f18275bBf23bB716Bc7

Market Cap: $738.75M+0.75%

Volume(7D): $96.06M-19.70%

Holders: 6.11K+0.98%

3 6
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Mutant Ape Yacht Club

The MUTANT APE YACHT CLUB is a collection of up to 20,000 Mutant Apes that can only be created by exposing an existing Bored Ape to a vial of MUTANT SERUM or by minting a Mutant Ape in the public sale.

Contract: 0x60E4d786628Fea6478F785A6d7e704777c86a7c6

Market Cap: $506.18M+5.21%

Volume(7D): $78.48M+272.80%

Holders: 12.01K+1.16%

4 6
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CLONE X – X TAKASHI MURAKAMI

20,000 next-gen Avatars, by RTFKT and Takashi Murakami

Contract: 0x49cF6f5d44E70224e2E23fDcdd2C053F30aDA28B

Market Cap: $320.89M+2.91%

Volume(7D): $18.19M+114.33%

Holders: 8.66K+0.89%

5 6
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Conclusion

While there may be many practical applications for NFTs in the future, they’re primarily used with digital art today. 

“For creators, NFTs create a seamless way to sell digital art that might not have much of a market. Additionally, there are ways in which creators can get paid fees for each subsequent sale of the art,” says Ceesay. “On the flip side, collectors are able to speculate on digital art as well as have bragging rights on rare collectables on the chain.”

If you’re considering purchasing an NFT as an investment, know that there’s no guarantee it will increase in value. While some NFTs sell for thousands or millions of dollars, others may remain or become worthless.

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Alan

Coincu Ventures