The 10 Most Valuable Non-Fungible Tokens
Non-fungible tokens are the most valuable class of non-fungible tokens (NFTs). So how do you know what class an NFT falls into? This can be tricky, as this article will explain. There are two main types of NFTs: fungible and non-fungible.
Cryptokitties
In 2017, a decentralized
application called Cryptokitties took off. The game allows users to collect and breed unique digital cats which they can then sell or trade with other users. It was one of many NFT projects to get funding during that time and it still has a strong community today, though trading isn’t as active as it once was. Since its launch in 2017, over $20 million has been spent buying CryptoKitties from players. In 2018, when CryptoKitties launched its first ever charity initiative called KittyVerse Charity Drive , $100k was raised for worthy causes around the world!
CryptoPunks
This initial NFT launched with a mission to bring cryptocurrency mainstream and offer new consumers a chance to learn about crypto without actually having to own it. Think of them as the Beanie Babies of crypto. Since its 2017 ICO, CryptoPunks have been valued between $0.01 – $1 (current market cap), depending on rarity. In August 2018, they were featured at Crypto Collectibles: The Rise of Non-Fungible Tokens panel at Consensus in New York City.
Rare Pepe
According to CryptoKitties, every character can be completely unique or have a combination of traits. However, one example is that all Rare Pepes are a combination of one type of hair color and two eye colors. Since Rare Pepes are rarer than most tokens, you’re more likely to find more valuable characters if you’re playing with Rare Pepes. Plus, you’ll probably make some incredible friends along your crypto collecting journey! Collect them all! (If your chosen platform allows it.)
Decentraland
The most valuable NFTs are those that can monetize interaction with a tokenized asset. With Decentraland, tokens represent parcels of land (which then function as a location for businesses or developers to build applications). As such, it’s possible to interact with other players and their assets in Decentraland through trade or direct transfer of ownership. This might not be easily reproducible through a traditional ERC20 token, which is far less interactive than a virtual reality environment like Decentraland.
Etherbots
Built on an Ethereum ERC721 smart contract, these digital assets are minted when you purchase them, and sold for ETH. You can place your bots in a server, where you’ll earn rewards when other players battle it out. The current cost of entry is roughly 0.15 ETH per bot. That may seem like a lot to pay for what amounts to an inventory item on a screen, but it’s money well spent: Etherbots has already proven its staying power since being released late last year.
Axie Infinity
The CryptoAllStars game is a card battling dApp running on the Ethereum blockchain. It is mostly known for its associations with celebrities in the cryptocurrency industry like Vitalik Buterin and Justin Sun. The ICO ended on November 20, 2017, raising $12 million in ETH from over 10,000 investors. The CryptoAllStars team rewarded its token holders by burning all unsold tokens once it reached 200% of its hard cap goal (3,330 ETH). Burning tokens at a fixed price causes them to become rarer in circulation compared to other NFTs that continue being issued at random intervals to incentivize users. With fewer tokens available to be bought or sold on exchanges due to their fixed supply and popularity with collectors, trading volume should increase considerably which increases utility demand as well.
CryptoAllStars
The crypto collectibles game CryptoAllStars has launched its NFT marketplace, allowing players to buy and sell digital assets like they’re real world sports cards. The game boasts that there are more than 2000 NFTs in its ecosystem, giving a huge amount of choice to its community. With such a wide variety of players available, it is surprising that just 5 of them comprise 50% of all sales activity across all types of non-fungible tokens (NFTs). If you’re looking to start collecting non-fungible tokens (NFTs) or would like to know what types hold value within these ecosystems, check out our list below and be sure to visit CryptoAllStars for your new investment opportunity.
CryptoStrikers
This NFT allows players to purchase a token that represents them in a virtual city. In addition to allowing you to own property and climb up a leaderboard, your tokens are collectibles with monetary value. The Billionaire Token can be bought on several exchanges, starting at around $0.015 per token and reaching as high as $2.20 over time. That’s not bad for an investment that began below one cent! If you want to get in on early crypto adoption by investing in an NFT before it gets listed on sites like OpenSea, Millionaire is your best bet. A token representing yourself will always have use (as long as there are games that allow you to represent yourself), even if your virtual city disappears or is taken offline entirely.
CryptoCelebrities
Arguably one of CryptoKitties’ only serious competitors, CryptoCelebrities is a game that launched in December 2017. The game was praised by numerous media outlets as an early example of a functional ERC721 token and had generated over USD $1 million USD (according to coindesk) in sales within its first two weeks after launch. Notable purchases include Justin Sun (the founder of Tron) paying nearly USD $100,000 for digital representations of Vitalik Buterin and Floyd Mayweather. Yes, we do realize how ridiculous that sounds – but remember: celebrities have done crazier things to get their name out there! [ref]
Billionaire Token
One of over 1,500 NFTs currently available on CryptoKitties’ marketplace. This ERC721 token represents a limited edition gold billionaire coin and is one of a limited number ever created. It’s not only 100% owned by you—it’s also non-fungible, so no one can ever truly own it but you. A quick search on Opensecrets reveals that there are hundreds of individuals who have made more than $1 billion in political contributions throughout their careers. Considering each Billionaire Token represents an incredibly rare chance to purchase these highly sought after collectors items, it may be a good idea to buy some while they are still cheap!