Top 5 common types of NFTs
NFT sales reached $17.7 billion in 2021, which jumps 200 times from 2020. During the first quarter of 2022, 950,000 unique addresses purchased or sold an NFT, up from 627,000 in the fourth quarter of 2021 (1). It clearly a sign of long-term growth. Buying NFT is a trend now but there is a variety of NFT types. So, let us skim 5 common types of NFT.
Artwork
In the NFT world, people give favor to artwork. Not only digital works, but also physical works are supported.
Digital work is the digital art completed by a computer.
Physical work prefers visual art such as painting, sculpture, photography, etc.
NFT opens new opportunities for artists to access the global market. With digital work, users can directly mint their collections to various marketplace platforms. As for physical work, a bundle of data (ownership, instruction, etc.) will be created and authors can track their product lifecycle.
Some the expensive NFT artwork items:
The Merge: $91.8M
EVERYDAYS: THE FIRST 5000 DAYS - $69.M
Quantum - $1.47M
Suggest platforms to mint and flip NFT artwork: OpenSea.io, TraitSniper, Nifty Gateway, Flipkick,
Source: Dribbble
Music
Music is still a new entry in the NFT marketplace. Everything about music such as song, album, lyrics, etc. can be an NFT. Especially, NFT provide multiple formats which means a song can include a PNG or GIF. For example, the authors can include their messages to fans through the PNG or GIF file going with the music.
Some musically NFT projects:
Suggest platforms to mint and flip NFT music: OpenSea.io, TraitSniper, Royal, Rarible
Source: OpenSea.io
Game Items
“Play-to-earn” is a popular keyword at a time. GameFi creates in-game assets which can trade on the marketplaces. NFT game items can be characters, weapons, pets, houses, etc. - depending on the game platforms. Players are required to charge for entry into the game. Then, they will upgrade their assets, complete tasks, or combat with other players.
Some highlight game NFT projects:
Suggest platforms to mint and flip NFT game items: OpenSea.io, Axie Marketplace, Rarible
Source: Business of Esports
Trading Cards
Deloitte predicted NFT will create a new revenue stream and is expected 4-5M fans purchased on an NFT sports collectible by the end of 2022 (1). Trading cards value for their uniqueness and rarity. Its value also depends on how people are interested. The main purpose of collecting NFT cards can just be a hobby, or maybe an investment for its time value.
Some highlights of trading NFT cards:
Suggest platforms to mint and flip NFT trading cards: OpenSea.io, TraitSniper, Rarible, SuperRare
Source: Rarible
Memes
Memes also become NFTs - not really a surprise for the truth is everything can be an NFT. We can see memes as a part of internet culture. The virals of memes lead to use without authors’ consent problem. But now, creators can mint their memes in the NFT trading platform and take revenues.
Some legendary memes that have been sold as NFTs:
Suggest platforms to mint and flip NFT memes: OpenSea.io, TraitSniper, Foundation, SuperRare
Source: Clarisco
Last but not least, do not forget to install and use Trait Sniper as a useful tool to make smart conclusions!
DISCLAIMER: This is NOT FINANCIAL ADVICE; we only evaluate NFT projects based on the data given by the community and based on our perspective to help collectors and snipers find the best suitable projects to jump in. Remember to do your own research!