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    Best NFTs to Buy in 2024: Top Picks for Collectors and Investors

    Non-fungible tokens (NFTs) have changed the game for digital art and collectibles and investor, check the best NFTS to buy in 2024.

    Updated Aug 30, 2024
    Shivani Ramrakhyani

    Author by

    Shivani Ramrakhyani

    Best NFTs to Buy in 2024: Top Picks for Collectors and Investors

    Non-fungible tokens (NFTs) have changed the game for digital art and collectibles. These one-of-a-kind assets on the blockchain provide verifiable ownership of digital items. When looking for the best NFT to buy, investors should consider things like artistic quality, utility, and community support. The NFT market moves fast with new trends popping up all the time.

    But some collections offer more than just profile pictures — they have utility in Web3 and metaverse applications. To find the best NFTs to invest in, research rarity, platform popularity, and project leadership is necessary. This guide will cover how to spot and purchase top NFTs so you can make smart investment decisions.

    Understanding NFTs

    Non-fungible tokens are representations of unique digital assets such as artworks or virtual real estate; each token represents a single item or proof of ownership that cannot be exchanged on a one-to-one basis like cryptocurrencies but can be traded with different tokens under certain conditions set by the creators.

    What sets NFTs apart from other types of cryptocurrencies is their uniqueness – these tokens embody specific qualities which cannot be replicated elsewhere within whatever system supports them -and thus understanding this is important when figuring out what might be considered the best NFTs to buy.

    Best NFTs to Buy in 2024

    • Bored Ape Yacht Club (BAYC)
    • CryptoPunks
    • Pudgy Penguins
    • Azuki
    • Mutant Ape Yacht Club (MAYC)
    • Doodles
    • CloneX
    • Mad Lads
    • Decentraland
    • DeGods

    Bored Ape Yacht Club

    Founded by Yuga Labs in April 2021, the Bored Ape Yacht Club is one of the most recognizable NFT collections. It features 10,000 unique cartoon ape avatars on the Ethereum blockchain. Initially priced at 0.08 ETH, it became popular among celebrities and crypto enthusiasts alike.

    Market-wise, some have sold for millions while others fluctuated significantly since their peak price during 2021’s hype cycle. But this project does much more than provide pretty digital pictures; joining grants you membership into an exclusive club with real-world meetups!

    Characteristics:

    • Each ape has distinct qualities that increase its rarity.
    • Owners are given commercial rights over their NFTs.
    • Community-driven project with exclusive benefits
    • Access to private Discord servers or member-only areas like “THE BATHROOM.”

    BAYC has birthed associated sets of projects such as Mutant Ape Yacht Club and also started a cryptocurrency called ApeCoin (APE). No matter how much the market might rise or fall, it’s still one of the biggest names in NFTs.

    CryptoPunks

    Released in 2017 by Larva Labs, CryptoPunks revolutionized the world of NFTs. The collection is made up of 10,000 unique 24×24 pixel art images on the Ethereum blockchain. Most of them are humans but there are also zombies, apes and aliens among others. Each punk has up to seven traits inspired by the 1970s London punk scene.

    In 2022, Yuga Labs bought CryptoPunks which made it one of the best NFT investment strategies ever. Scarcity coupled with historical significance creates value for this project. The iconic design shaped like an 8-bit figure has influenced many following NFT collections.

    The market performance is still strong and CryptoPunks often dominate NFT sales charts. Having a CryptoPunk means being an early adopter of the whole NFT movement. Limited supply combined with tradability factor into its everlasting appeal.

    Characteristics:

    • Iconic 8-bit art style that inspired many successors
    • Limited to 10,000 unique pieces making them rarer than other projects
    • Traits range from common to ultra rare affecting their price accordingly

    Pudgy Penguins

    Released in July 2021 as an 8,888 cartoon penguin NFT collection. Each penguin was generated by an algorithm and has its own unique features like hats or glasses. Originally made for spreading positivity, the project faced problems until Luca Netz bought it for $2.5 million in 2022.

    A new leadership took over which transformed Pudgy Penguins into one of the top nfts to buy now. This collection has a market cap of 72,882 ETH with a floor price at 8.20 ETH. Holders (aka “pengus” or the “huddle”) get access to exclusive experiences as well as licensing deals.

    After that deal they went on securing partnerships to make physical toys based off the NFTs. A $9m seed round came in for Pudgy Penguins in early 2022 which brought back interest among people again. The goal of the project is to create their own metaverse called Pudgy World.

    The total volume is over 200k ETH so far showing a strong performance. Additionally plushies have started being sold at major retailers such as Walmart and Amazon.

    Characteristics:

    • Each NFT is different because some may wear hats while others might not etc., determining rarity.
    • Community building aspect since holders are referred to as “pengus” or “the huddle”.

    Being one of the leading collections, Pudgy Penguins is potentially the best NFT to buy for someone who wants both community involvement and unique digital assets. They have grown from just being a collection into having physical merchandise and metaverse ambitions which shows significant growth, therefore making them a noteworthy contender in the NFT space at large.

    Azuki

    Chiru Labs’ Azuki is an Ethereum-based anime inspired NFT collection consisting of 10k unique digital avatars with a cute kawaii aesthetic set in dystopian sci-fi themes. This release sold out in minutes during January 2022 due its fast rise in popularity. Each Azuki avatar comes with various traits that make it more valuable or desirable than others within the series.

    Azuki has a current market capital of $39K ETH and lowest price at 3.90 ETH ($9,725), ranking them among some top tier NFT projects available right now. Ownership brings membership access to THE GARDEN; an exclusive brand event metaverse only available for those who own any Azukis. This alone should attract many high-profile collaborations between musicians, fashion labels etc., However this hasn’t happened yet but expect big things soon!

    The team behind AZUKI has been involved in multiple failed projects before so this brought up some questions about their integrity but thanks largely due strong support shown by its users they remain credible still today – also recently expanded collections such as Beanz & Elementalz allowing new members cheaper entry fee’s while still maintaining originality.

    Characteristics:

    • Cute Kawaii Anime art style mixed with Dystopian Sci-fi theme where all characters live etc..
    • There are 10,000 unique digital avatars available for purchase each with different attributes
    • Azuki NFTs grant access to exclusive events through The Garden Metaverse.

    Mutant Ape Yacht Club

    Mutant Ape Yacht Club (MAYC) is one of the top NFT series. This set was created by Yuga Labs and includes 20,000 unique NFTs. The release is an extension of Bored Ape Yacht Club (BAYC), where each Mutant Ape represents a genetic mutation of one of the original Bored Apes. Half were put up for public sale while the rest could only be acquired by applying a “mutant serum” to an existing Bored Ape, which preserved its original traits but transformed its appearance.

    This series was made by Yuga Labs who wanted it to reward the community after having seen what loyal BAYC holders did for them. The additional 10k Mutant Apes generated $96 million within an hour which shows how much people want them.

    It didn’t take long for MAYC to reach a valuation of $1 billion with 30784 ETH market cap and 11,748 owners. At the time of writing the floor price is at around 1.58 ETH.

    Characteristics:

    • Holders get BAYC’s exclusive community perks
    • Raised $96M in first hour of launch
    • Active Participation from BAYC and MAYC holders

    Doodles

    Created by artist Burnt Toast, these hand-drawn PFP style NTFs are one-of-a-kind pieces totaling 10,000 unique pieces. Humans, aliens, cats, apes—they feature all sorts of different characters that come together under this collection titled “Doodles.” This artwork stands out because not only is it truly original but also vibrant with pastel colors unlike any others out there!

    Similar in spirit to DAOs, Doodles takes a community-first approach. Each holder can vote on how to use funds from the Doodle Treasury as well as submit proposals for new projects, creating a stronger sense of engagement among its members.

    Doodles has a Market cap of $35,582,566 and a floor price of just under 2 ETH. Space Doodles sell for even more than regular ones – demand is strong so this might be one of those best NFTs to buy and flip!

    Characteristics:

    • Made by popular artist Burnt Toast
    • Features a pastel color palette
    • Wide range of characters including cats and aliens

    CloneX

    The CloneX collection comprises 20,000 next-gen avatars created by RTFKT & Takashi Murakami. It is divided into eight different DNA types that represent various societal segments, making it one of the most significant NFT collections to date.

    These avatars are fully metaverse-ready with 3D files available across multiple platforms – this means they can be integrated into virtual worlds and even AR which makes them perfect if you’re looking at top NFT market trends for immersion! Under Nike’s RTFKT umbrella, there are also perks for holders such as better chances in future drops.

    19,518 out of 20k have been minted so far with 9,666 unique owners holding them. CloneX has a market cap of 27,529 ETH and a floor price of 1.41 ETH

    Characteristics:

    • 3D files can be used in the Fully Metaverse Compatible way.
    • The RTFKT ecosystem provides unique benefits.
    • Supported by Nike to secure continuity and further advancement.

    Mad Lads

    Mad Lads is a Solana-based NFT collection of 10,000 unique profile pictures created by Coral. These digital avatars have human attributes and are minted as NFTs on the Solana blockchain. Each NFT was sold for 6.9 SOL on April 20th, 2023 and quickly became part of the blue-chip collections on Solana. What makes Mad Lads unique is that they are the first “xNFTs” ever made, which means that these NFTs contain executable code and offer operable Web3 applications.

    Since its launch, Mad Lads has seen tremendous growth in terms of market capitalization: it currently stands at 465,851 SOL with a floor price of 46.74 SOL. Through embedded smart contract functionality, owners can access integrations across Web3. The Coral team plans to develop further dynamic interoperability with games, metaverses and apps in the future.

    Characteristics:

    • Each NFT has got distinctive human attributes and artistic richness
    • Embedded smart contracts enable dynamic integration into Web3 systems
    • Pioneers executable NFTs that allow users to interact directly with them within gaming apps etc.
    • Seamless integration with Solana’s fast low-cost blockchain network ensures efficiency during operations involving these token.

    MadLads is currently the best NFT to buy on Solana due its pioneering xNFT model and vibrant community.

    Decentraland

    A decentralized 3D virtual world, Decentraland lets users create, explore and interact. The metaverse was launched in 2020 and offers plots of LAND represented as NFTs, which can be bought, sold or rented. Companies such as Samsung, JPMorgan and Adidas own land there and the platform has hosted concerts and fashion shows.

    Under its DAO, the Decentraland metaverse grants voting power to landowners who help make the decisions that govern it. This makes it attractive to those looking for investment opportunities through promising NFTs and interactive experiences. Renting out land also enables passive income.

    In Decentraland, the most expensive plot of land sold for $2.43m while the cheapest parcels went for 0.37 ETH.

    Characteristics:

    • Governed by a DAO where LAND owners have voting rights
    • You can buy, sell or rent LAND NFTs on different marketplaces
    • Big brands are present like Samsung, Adidas and Sotheby’s
    • Hosts events such as Metaverse Fashion Week and live concerts

    DeGods

    DeGods is a collection of 10,000 unique NFTs that were originally launched on the Solana blockchain and later moved to Ethereum. The digital avatars are created by Dust Labs and depict mythological deities dressed in contemporary streetwear — making it one of the most promising NFT projects for collectors of rare digital art. Its vibrant community, governance tokens and real-world collaborations (such as buying a basketball team) have helped DeGods draw significant attention.

    Staking DeGods NFTs in the Collection allow holders to get DUST tokens which can be used for upgrades or exclusive access. With a market cap of 13,845 ETH and a floor price of 1.54 ETH, DeGods is still one of the highest-rated projects in the NFT sector.

    Characteristics:

    • Modern street-wear featuring mythological deities.
    • Staking available for earning DUST tokens.
    • DUST used to upgrade NFTs.
    • Has real-life collaborations which enhance its brand value.

    DeGods offers more than just profile pictures. This project intends on becoming lifestyle brands as well as collaborating with celebrities. Its combination between mythological stories, contemporary fashion styles & blockchain technology makes it different from other projects within the space of NFTs.

    Key Factors to Consider When Buying NFTs

    Quality of Art and Uniqueness

    The value of an NFT depends on its visual appeal and how rare it is. Sotheby’s sells millions worth in high-end art created by established artists with unique traits, which increases its potential as a long term investment.

    Usefulness and Functionality

    While aesthetics matter, so does utility within web 3.0 applications like metaverse compatibility or access to exclusive events; even earning through staking can make an NFT desirable. Functional advantages keep these tokens valuable over time.

    Community Backing and Developer Involvement

    NFTs succeed when supported by strong communities and dedicated teams driving their development forward; active projects backed by transparent developers tend to do well in terms of market performance over sustainability.

    Platform Popularity and Ecosystem

    The blockchain platform on which this non-fungible token resides affects how liquid it is or visible among buyers – Ethereum or Solana hosting example. A popular marketplace also increases chances for reselling at profit besides giving investors confidence about the security involved.

    Looking at what previous similar assets have done based on current trends gives some insight into future pricing levels that might occur in the market place for those goods; therefore one should always consider this factor before either purchasing or selling them off.

    Strategies for Investing in NFTs

    • Diversify Your Portfolio

    As with traditional investments, spreading risk through different categories will help reduce exposure e.g., art gaming metaverse properties utilities etcetera; thus protecting oneself from volatility associated with any single category alone.

    • Support Community Driven Initiatives

    Those initiatives having passionate community members behind them are more likely going to retain higher values over longer periods than others without such backing. Being part of these communities not only allows you early bird privileges but also opens doors wider towards gaining invaluable knowledge necessary for successful strategizing based on investment decisions made hitherto; those which attract dedicated followers tend to have better long term potential.

    • Know Who You’re Investing With

    Success rests largely upon who backs it therefore one should consider investing into projects done by well known developers/artists who have proven track records through past accomplishments. Transparency concerning the project’s roadmap together with developer communication channels plus adaptability towards changes within markets are key indicators worth looking out for when choosing where to put money in terms of NFTs.

    • Keep An Eye On Markets & Timing

    It really matters when one enters or exits such an industry like this hence timing remains critical. Understanding seasonal shifts, overall market conditions as well sentiment swings can aid greatly in identifying perfect entry points while purchasing these assets; equally so during dips if possible before major announcements likely boost their prices even further thus keeping abreast wider cryptocurrency sphere impact on NFT valuations is paramount too.

    Conclusion

    There are many things that need to be taken into account before investing in NFTs including but not limited to artistic quality, usefulness within communities, backing from developers and market trends. By diversifying your investments across different categories of tokens such as art, gaming metaverse properties utilities etcetera you will spread risks associated with volatility in any given category alone thereby safeguarding against loss over time while focusing more on community driven initiatives ensures prolonged success rates. 

    Knowing who you’re dealing with prior makes sense i.e., going for reputable artists or teams behind various projects lowers chances of failure significantly. Also being aware about what’s happening around wider digital asset space particularly related events can act as a catalyst toward achieving great returns on investment made in relation to these unique items.

    Shivani Ramrakhyani

    Shivani Ramrakhyani

    Editor

    With over ten years of writing experience, Shivani brings a passion for storytelling to a wide range of topics, from finance and crypto to tech, movies, DIY projects, healthcare, science, and children's development. She loves taking complex ideas and making them relatable, ensuring her readers not only understand but also enjoy what they read. Whether she’s breaking down the latest tech trends or sharing tips for nurturing young minds, Shivani’s engaging style makes her a trusted voice in her fields.

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