The NFT market has been booming since 2021, with more investors becoming interested in owning digital art, but it can be difficult to find the best NFT to buy. There are thousands of different NFTs listed for sale on NFT marketplaces such as OpenSea, Rarible, and others. In this blog, we discuss how to find the best NFT to buy. We will also discuss the best place to buy NFT and more.
What are NFTs?
An NFT, or non-fungible token, is a token issued on the blockchain to represent a unique asset, which can be a piece of art, video, photograph, or real estate. NFTs are not fungible because each NFT is unique and has a unique identifier.
Two NFTs may look very similar but they are not interchangeable. Thus, one Bitcoin can be exchanged for another Bitcoin, but an NFT cannot. That’s why NFT technology is used as a certification of ownership or proof of authenticity on the blockchain. They can be whole digital assets such as play-to-earn gaming items, metaverse land, or tokenized real-world assets.
Related: Best NFT Wallets
What is the Best Place to Buy NFT?
NFTs are bought and sold on NFT marketplaces. The NFT marketplaces connect buyers and sellers of digital artwork. As an NFT buyer, you can browse through the different NFTs listed on the marketplace and purchase the ones you desire. The digital artwork is stored on the blockchain, and the NFT buyer will receive a unique token representing the artwork. The token can then be used to sell or trade the artwork. Thus, NFT marketplaces are very helpful for anyone looking for the best NFT to buy.
There are many NFT marketplaces where you can find the best NFT to buy. However, these NFT marketplaces work differently in terms of the types of NFTs listed, supported payment methods, and more. The following are some of the NFT marketplaces that provide the best place to buy NFT in 2023:
#1: Best Place to Buy NFT: OpenSea
OpenSea was launched in 2017 and it is the largest popular NFT marketplace today. It is home to several genres of NFTs, including art, music, photography, sports collectibles, trading cards, and virtual worlds, hence, you can find the best NFT to buy on the platform. It accepts cryptocurrencies such as Ethereum (ETH/WETH), AVAX, USDC, SOL, and DAI. OpenSea is also a user-friendly NFT marketplace NFT for newbies. It charges a transaction fee of 2.5% per transaction.
Rarible is another best place to buy NFT in 2023. It is a multichain NFT marketplace, hence, you can buy, mint, and sell NFTs on multiple blockchains. Currently, it supports Ethereum, Solana, Flow, Polygon, and Tezos blockchains, and there are plans to integrate more blockchains soon. Rarible takes 1% from the buyer and 1% from the seller for every sale on the platform.
#3: Where to find the best NFT to buy: SuperRare
SuperRare is another best place to buy NFT and it runs on the Ethereum blockchain, hence, it only accepts ETH payments. It charges a transaction fee of 3% for every purchase, paid by the buyer.
SuperRare is very strict when it comes to accepting NFT submissions and it doesn’t accept “meme style” NFTs. It is the best place to buy NFT if you are looking for high-end NFT artwork, especially NFTs with a more classical style.
#4: NBA Top Spot
NBA Top Shot is another place where you can find the best NFT to buy right now and it is suitable for basketball fans. Its NFTs feature memorable events in the history of basketball.
NBA Top Spot allows you to buy videos and play art for both NBA and WNBA, although not cheaply. It charges a transaction fee of 5% for each sale.
The platform was built by the NBA team and they have exclusive rights to the ownership of the video clips. If you choose this platform, you will be sure that you’re dealing with a reputable firm.
What is the Best NFT to Buy?
So, what is the best NFT to buy? Below are the best NFT to buy right now:
#1: Best NFT to Buy: CryptoPunks
CryptoPunks is an NFT collection created by Larva Labs and launched in 2017, and it is one of the best NFT to buy right now. The project was later acquired by Yuga Labs. It comprises 10,000 unique digital items stored on the Ethereum blockchain. According to its team lead, “CryptoPunks takes the form of 10,000 unique 24×24 pixel portraits developed with inspiration from the cyberpunk scene.”
CryptoPunks NFTs are used as avatars on social media platforms such as Twitter and Instagram. Many profile picture (PFP) NFT projects drew their inspiration from the CryptoPunks. The NFT project has produced some of the most expensive NFTs sold to date. At the time of writing, CryptoPunks had a floor price of 63.50 ETH.
#2: Best NFT to Buy Right Now: Bored Ape Yacht Club
The Bored Ape Yacht Club (BAYC) is one of the most popular NFT projects today and one of the best NFT to buy. The project comprises a collection of 10,000 NFTs in the form of cartoon apes. Just like the CryptoPunks, BAYC is also a profile picture (PFP) NFT project, hence, its NFTs are used as avatars on platforms such as Twitter and Instagram. Celebrities such as Eminem, Steph Curry, Lil Baby, and Justin Bieber own at least one Bored Ape Yacht Club NFT. At the time of writing, the collection had a floor price of 60.54 ETH.
Autoglyphs is another project released by Larva Labs in 2019 and it is one of the best NFT to buy in 2023. The NFT project comprises 512 unique digital items stored on the Ethereum blockchain. It is categorized as a generative-art project. Autoglyphs is based on an advanced algorithm capable of generating billions of unique artworks, each one wrapped inside an ERC-721 standard. At the time of writing, Autoglyphs had a floor price of 329.00 ETH.
#4: Mutant Ape Yacht Club
The Mutant Ape Yacht Club (MAYC) is an NFT offshoot collection of the Bored Ape Yacht Club (BAYC) collection. The collection is made up of 20,000 unique Mutant Ape digital art images. Half of the NFT collection was sold through public auction and the rest were created by BAYC NFT holders after exposing their Bored Apes to an airdropped “Mutant Serum.” Each Mutant generated from a Bored Ape shares the traits of the original ape but as mutated variations. There are a total of 20,000 Mutant Ape Yacht Club NFTs. At the time of writing, MAYC NFTs had a floor price of 13.13 ETH.
#5: The Sandbox
The Sandbox takes position 5 in our list of the best NFT to buy because the play-to-earn (P2E) metaverse project allows its players to earn and collect other crypto coins. The game players can create, share, and monetize in-world assets and gaming experiences. They use SAND, the native token of The Sandbox ecosystem to buy and sell lands and other assets within the Sandbox metaverse. At the time of writing, The Sandbox had a floor price of 0.65 ETH.
#6: Best NFT to Buy: Azuki
Azuki is an NFT collection that comprises 10,000 generative avatars NFTs. The NFTs were launched on January 12, 2022. Just like other Profile Picture (PFP) NFTs, every token of the Azuki collection is created from a random selection of traits.
The initial plan was to launch Azuki through Dutch Auction, a style of dropping NFTs in which the NFT sale starts at a particular price and keeps on dropping to the final sale price. The mint price for Azuki was set to start at 1 ETH and drop by 0.05 ETH every 20 minutes until the Azuki price gets to 0.15 ETH. At the time of writing, Azuki NFTs had a floor price of 13.60 ETH.
Decentraland is a virtual real estate platform where people can buy and sell virtual plots known as LANDS. You can then use your lands to create your settings and apps or a marketplace. Decentraland is fully decentralized and it is a perfect platform for those with knowledge about crypto and augmented reality and desiring to venture into the virtual world of the metaverse. At the time of writing, Decentraland had a floor price of 0.718 ETH.
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