Blockchain

It’s really cool to see something different than a 10k NFT collection of animals

It’s really cool to see something different than a 10k NFT collection of animals

The NFT collections have been somewhat revolving around the collection of animals. It will certainly be nice to see something different from the 10,000 NFT collections of animals to an entirely new frontier in the NFT space. In recent times, the NFT market has witnessed the launch of a series of new projects in the space, with BitColors, Ether Cards, and Sneaky Vampire Syndicate arguably leading the advancement. 

In the third quarter of 2021, the NFT sales volume hit $10.7 billion, over an eightfold increase from the last quarter. This is according to the data released by the NFT market tracker DappRadar. With the booming NFT market, these projects are joining in to create new frontiers in NFT collection and lead to positive disruption within the ecosystem. 

Overview Of NFT Animal Collections

After the boom of summer 2020, the NFT craze appeared to have faded due to the initial trend of decentralized finance (DeFi). At the onset, two popular animal NFT collections were CryptoPunks, digital images of 10,000 animal characters, and CryptoKitties, a collection of fancifully drawn cats. Then came the likes of Bored Apes Yacht Club, Lazy Lions, Pugdy Penguins, the CyberKongz, Weird Whales, CoolCats, the Doge Pirates, the SupDucks, just to mention but a few. Although these NFTs vary from token to token, they have common characteristics like the concept of a limited number of collections; an example is 10,000 NFT collections.

Most of the projects behind these NFTs also carry out airdrops to create more awareness within the NFT space about their NFT project. Although these 10,000 NFT animal collections helped grow the market traction of NFT, there is the need to explore other frontiers within the ecosystem. 

New Frontiers In The NFT Market 

There are series of NFT projects currently charting new courses and shifting from the 10,000 NFT collections of animals. Notable among these projects include:

Sneaky Vampire Syndicate

Sneaky Vampire Syndicate (SVS) is a relatively new NFT project that was launched on September 12, 2021. SVS is an NFT collection of 8,888 unique vampires living eternally on the blockchain network. These NFTs are generated from a bank of hand-drawn traits, all drawn by Migwashere. 

Migwashere was also part of the creators of the Bored Apes Yacht Club collection. Although SVS is a new NFT collection, it has generated over $26.9 million in sales. Within the third week of September, SVS attracted over 7,000 and 14,700+ sales approximately a week after its launch. 

As a result of the performance, the project ranked fifth in the DappRadar Top Collections charts for that week. The floor price of SVS sits at approximately 1.68 ETH. 

BitColors

BitColors is a completely different concept of the NFT project that brings a collection of 1,000 unique and handmade colors to the NFT space. The project is seeking to bring a new dimension to the NFT craze. The hodlers of the BitColors NFT will be able to own and trade colors. 

The founding team aims to create something unique in the NFT ecosystem, thus setting precedence for a new wave of independent NFT collections just like CryptoPunks did for avatars. They want NFT enthusiasts to understand the value of NFTs from their hearts and not via the information provided by third-party solutions like Rarity Tools. 

Ether Cards

Ether Cards is an NFT platform that offers arguably the most advanced tools within the NFT ecosystem. It is a leading and dynamic NFT platform whose underlying technology was instrumental to bringing real-world utility to the creation of dynamic NFTs of Mike Tyson, Steve Aoki, and LaMelo Ball. The platform is currently rewarding early users with 27 million Dust token airdrops worth $10.6 million. 

Ether Cards platform enables users to create dynamic cards that can activate accounts, grant access, connect to real-world items, grant upgrades, and initiate changes based on real-world events. The platform makes it possible for artists, business brands, celebrities, etc., to connect with their community of fans. 

The founding team has supported and worked with notable projects in the past. Some of these projects include the likes of Ethereum Foundation and Chainlink. These people are industry veterans and already have 50+ years of experience behind.

Conclusion

These new frontier NFT projects all have their eyes on positively disrupting the current NFT market. Embracing other aspects of non-fungible tokens will further drive NFTs into the mainstream, where more people will be enlightened about the market and how they can benefit from it.

Christopher Fowler

Christopher Fowler is an investment professional with 7-years of experience in financial markets. His main job is to help hedge funds with his private consultations. His specialization is cryptocurrency and FinTech start-ups. He incorporates his own approach to identify emerging macro-level trends and cryptocurrencies that would benefit from such trends. Under-covered equities allow extremely high ROI, this is where Christopher digging for hidden gems.

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Christopher Fowler

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