5 greatest performing NFT collections in 2022
Non-Fungible Tokens, or NFTs, loved an astronomical rise in 2021. As individuals invested extra in cryptocurrencies, so did NFTs improve in value and recognition. In consequence, a number of NFT collections emerged, a lot of which have led the market up to now.
The crypto market, nevertheless, skilled a damaging run in 2022. A number of cryptocurrencies misplaced the income they accrued final yr, and billions of {dollars} had been wiped off the market. Equally, NFTs and NFT collections noticed a lower in value as individuals began holding onto their cash.
Regardless of all of the chaos of 2022, some NFT collections nonetheless managed to carry out positively this yr. Whereas many of those collections symbolize legacy assets, some solely not too long ago arrived within the Web3 area.
On this article, we’ll undergo a listing of the highest NFT collections of 2022. Let’s get began.
What are NFT Collections?
It is very important make clear what NFT collections are, particularly for customers new to the NFT ecosystem. NFTs are a category of digital property saved on the blockchain. As a result of nature of blockchain expertise, they get pleasure from particular traits reminiscent of immutability and permanence.
Because the that means suggests, NFTs are distinctive and can’t be replicated. Just one piece can exist on the similar time. This doesn’t imply solely the proprietor can use it. Within the case of NFT footage, individuals can nonetheless share the replicas of the image on-line, however on the finish of the day, the possession of the image nonetheless vests in a single particular person.
NFT collections will be described as a set of a number of NFTs. In most cases, NFTs inside the similar assortment share sure traits which hyperlink them collectively. Bored Ape Yacht Membership (BAYC) NFTs, for instance, are all Apes with distinctive attributes. In consequence, anybody who comes throughout any of the BAYC NFTs can simply establish it.
There are not any set numbers of NFTs that may be in a set. BAYC, for example, comprises 10,000 NFTs. Some NFT collections embrace fewer, and a few have extra. In the end, what the creators determine to do determines the variety of NFTs in a set.
Now, let’s take a look at the highest NFT collections in 2022.
Bored Ape Yacht Club – $1.57 billion
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