In 2021, the NFT market achieved its major breakthrough. Celebrities, artists, but also ordinary investors use the opportunity to invest in digital art. Accordingly, the price development in the NFT market saw only one direction: high and even higher.
In the meantime, prices have cooled down somewhat. Nevertheless, this is only the start of the NFT movement. Because there is a lot of potential in the non-fungible tokens, through which digital property rights become clearly verifiable for the first time.
Even the most popular cryptocurrencies are often and controversially discussed on Reddit. As more and more people are getting upvotes (with the help from sites like https://upvote.shop/) to promote things like digital art, Reddit is also worth a second look for investors when assessing new NFTs: Here, it is possible for investors to find out about the NFTs with the greatest potential for immense value increases. Red
Presented in this article are the 5 best NFTs that are mentioned on Reddit and some of which have already achieved cult status.
Lucky Block NFTs: Platinum Rollers Club Edition
The Lucky Block team pursues a particularly exciting approach with its NFTs. The special thing about this NFT collection is that it also serves as a lot for Lucky Block’s online gaming platform!
Lucky Blocks Platinum Rollers Club Collection consists of a total of 10,000 NFTs, some of which are currently still available at a starting price of 1,500 USD. Each NFT also includes a lot number and entitles its owner to participate in the daily draws of the Lucky Block Lottery for life. The perfect opportunity to build up a passive income through a one-time commitment!
2% of the winnings of the daily main draw will be reserved for the raffle among all NFT owners. The amount of the profit depends on the amount of the daily jackpot, which according to Lucky Block will initially be an average of 10,000 USD – and the first draw is scheduled for May 31, 2022.
But that’s not all: For first-time buyers, Lucky Block throws two more bonuses into the lottery pot. Because they have the 1 in 10,000 chance to win a Lamborghini Aventador or prize money of 1 million dollars!
The cryptocurrency behind the project, the Lucky Block Coin, is also currently soaring again. Already at its launch in January 2022, it had attracted a lot of attention, as it cracked the threshold to the market capitalization of 1 billion US dollars within just 2 weeks. Now the announcement of the start of the project has given it a new boost.
Bored Ape Yacht Club NFTs
The Bored Ape Yacht Club is still one of the most discussed NFTs. This collection of 10,000 unique NFTs was released in April 2021, initially had small teething problems, and was able to attract a lot of attention worldwide.
This was certainly due to the fact that numerous celebrities secured one of the monkey NFTs and their prices exploded. Meanwhile, the Bored Apes are traded for six- or even seven-digit sums. Therefore, it is not surprising that the NFTs of the Bored Ape Yacht Club is one of only 5 NFT collections that have cracked a trading volume of 1 billion USD.
The NFTs show – as the name suggests – a bored-looking monkey that can be used as an avatar. They were developed by Yuga Labs, an American start-up whose valuation is now around four billion dollars. On March 12, 2022, Yuga Labs also acquired the intellectual property rights of Larva Labs’ CryptoPunks and Meebits NFT collections, both also legendary NFT collections.
In addition to owning a unique work of art, Bored Ape owners also get access to the “Bored Ape Club”. This gives them exclusive benefits such as their own Discord server, on which the owners can exchange ideas with each other, but also with entrepreneurs and even celebrities.
The NFT also serves as an admission ticket for offline events of the Bored Ape Club. In recent months, events have already taken place in New York City, Hong Kong, and Great Britain where only owners of a Bored Ape NFT had access. In addition, they will first get access to other NFT drops, including the Bored Ape Kennel Club and the Mutant Ape Yacht Club.
Due to their popularity, the immense increase in value, as well as the fact that numerous celebrities are Bored Ape owners, it is clear that these NFTs are also regularly and intensively discussed on Reddit.
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The CryptoPunks already mentioned above are just behind the Bored Ape Yacht Club in their popularity. The collection also includes 10,000 NFTs but was launched in 2017, making it one of the oldest NFT collections ever. So if you look at the origin of the NFTs, then you can’t get past the CryptoPunks.
Instead of monkeys, these NFTs show pixel images, i×e. 24.24 pixels of small pop art portraits of punk figures. Each character has different characteristics: The CryptoPunks basically belong to five categories – female, male, alien, zombie, and monkey – which in turn have been randomly assigned up to 7 attributes in a unique combination.
The value of the NFTs then varies depending on the rarity of the features. For example, there are only nine Alien Punks in total, so they occupy first, second and third place of the most expensive CryptoPunks. This NFT collection is also very popular with celebrities and its owners include JayZ, Serena Williams, Steve Aoki, and Heidi Klum, among others. The prices of the individual NFTs are also corresponding here: When the NFT market experienced its big boom in 2021, the price of this collection skyrocketed. Currently, they are traded for a minimum price of $200,000.
The CryptoPunks NFTs were developed by Larva Labs – but in March 2022, the project was taken over by Yuga Labs.
There is hardly any way around Decentraland on Reddit: Alongside The Sandbox, Decentraland is the largest existing metaverse – a virtual reality ecosystem and crypto game in which users can create avatars and buy NFT-based plots.
Through the avatars, Decentraland can visit and move through the digital world. With MANA, the native token, users can buy in-game items. In addition to the properties already mentioned, these also include art, clothing, and weapons. All of these in-game items can be bought and sold through the Decentraland marketplace or OpenSea.
This allows users to build and furnish virtual houses; virtual meetings and events are also possible. Many artists, celebrities, and even large companies already rely on Decentraland and its adaptation into the mainstream.
The special thing about this is that Decentraland has no central authority, but is controlled and managed by a decentralized organization (DAO) – strictly speaking by the Decentraland users themselves.
As the world of Decentraland continues to expand and even more large companies step in to host virtual events, then NFTs will rise massively in price. Therefore, the Decentraland NFTs are discussed online as a very exciting investment for 2022.
Axies Infinity NFTs
Axie Infinity is one of the most hyped games of recent years and Axies is the essential part of this game. The Axies are the fun little monsters that players collect, breed – and fight with them against other users. For their victory, they get a tradable cryptocurrency with Smooth Love Potions (SLP), which they can also use for purchases and sales within the game.
Because Axie Infinity is a so-called play-to-earn game. This means that the axies and also the plots within the game are designed as NFTs. These in-gaming items become the property of users and can be traded on the Axie Infinity marketplace, where they can earn a two- to three-digit Ether amount.
This is precisely the appeal of the game: In the past, users could realize extremely high profits by selling certain axies. So an Axie monster called “Angel” sold for a whopping $1.1 million in 2021!
This approach has made Axie Infinity the leading play-to-earn game on the blockchain. In particular, the future development of the platform is also often speculated about on Reddit: Because the Axie Infinity team wants to use the platform’s own token AXS to enable the expansion of the virtual world. So there is great potential that the Axie Infinity NFTs will continue to rise in price.