NFTs
In the Market
Coinbase (COIN) will be launching an NFT marketplace soon.
NFT Leaderboards
Past 30 Days
Top Markets
Market
Traders
Volume
1
Rarible
1,595
-47.27%
$29.85M
+5849.74%
2
Magic Eden
253,931
+53.39%
$128.29M
+99.21%
3
CryptoPunks
148
-9.76%
$22.63M
+1.08%
4
BloctoBay
49,407
+11.13%
$31.37M
-2%
5
X2Y2
50,378
+14.32%
$67.58M
-12.52%
6
Immutable X Marketplace
27,260
+17.89%
$27.09M
-13.59%
7
ThetaDrop
3,179
-47.71%
$7.67M
-22.45%
8
LooksRare
6,252
-18.25%
$15.11M
-26.17%
9
OpenSea
370,208
-92.8%
$348.29M
-28.07%
10
Element
14,680
+179.73%
$11.70M
-45.43%
Top Sales
NFT
Price
1
Bored Ape Yacht Club #8585
$1.02M
2
Otherdeed for Otherside #12
$458.279K
3
Otherdeed for Otherside #16
$410.645K
4
Otherdeed for Otherside #29
$376.15K
5
pale blue death (a color study)
$305.583K
Top Collections
Collection
Traders
Volume
1
RENGA
4,475
+544.81%
$17.26M
+2564.22%
2
RENGA Black Box
1,797
-36.68%
$5.35M
+64.12%
3
ENS: Ethereum Name Service
18,840
+55.16%
$19.84M
+54.19%
4
Photon's Dream by Harvey Rayner | patterndotco
3,068
-17.92%
$5.82M
-14.56%
5
Azuki
447
-19.31%
$4.23M
-30.99%
Considerations
High risk, high reward. Identifying a new NFT trend early can pay off big.
Certain physical collectibles (such as art) have a long track record of appreciating in value, and digital art could exhibit the same price appreciation.
If you have money to spare, it may be worth considering, especially if a piece holds meaning for you.
NFTs are still developing. Join in the digital collectibles movement, and potentially earn a return.
Reasons to Invest
You're taking on a high level of risk on the small chance that you could earn massive rewards. It's very difficult to predict which NFTs will appreciate in value over the long term.
NFTs are very new as an asset class. Even if they're here to stay (and not a passing fad), no one knows exactly what the future of NFTs will look like.
You'll need to have a working knowledge of NFTs and keep up with current trends in order to make informed decisions about which NFTs are a good investment.
Drawbacks
