NFT collections are unique, non-fungible tokens that reside on a blockchain and represent digital assets, including art, music, videos, and other media forms. Each NFT in a collection is singular and cannot be exchanged for an equal item, which makes it a valuable possession for collectors and investors. NFT collections have gained popularity due to their rarity and the ability to verify the ownership and history of digital assets.
It is crucial to note that NFT market trends can shift quickly because of the dynamic and speculative nature of the market. As a result, determining the genuine worth and popularity of an NFT can be challenging. Investors should conduct their research and proceed with caution when investing in NFTs.
To ascertain the most valuable NFT collections in 2023, we need to analyze various data sources. The information in the following table is sourced from DappRadar and CoinMarket and is accurate up to February 17th, 2023.
Top 20 NFT Collections
Floor price is the lowest listing price on the market in a collection.
Market Cap is equal to the Floor price multiplied by the collection total supply.
| NFT collection | Floor price | Volume |
| NFYE OFFICIAL | $1,500,000 | $2,790,000,000 |
| Bored Ape Yacht Club | $118,620 | $1,180,000,000 |
| CryptoPunks | $108,440 | $1,080,000,000 |
| Sweet Rubber Duck | $254.38 | $932,070,000 |
| Mutant Ape Yacht Club | $24,200 | $470,850,000 |
| Otherdeed for Otherside | $2,980 | $298,850,000 |
| Azuki | $25,420 | $254,200,000 |
| Autoglyphs | $418,880 | $214,310,000 |
| CLONE X – X TAKASHI MURAKAMI | $8,970 | $174,570,000 |
| Art Blocks | $71.21 | $141,510,000 |
| Moonbirds | $13,550 | $135,570,000 |
| Bored Ape Kennel Club | $12,880 | $123,660,000 |
| Doodles V4 | $9,650 | $96,590,000 |
| Sumati SARIRA | $21,510 | $81,370,000 |
| Pudgy Penguins | $9,130 | $81,170,000 |
| VeeFriends | $7,780 | $79,800,000 |
| Space Doodles | $12,620 | $73,250,000 |
| CryptoNinjaPartners | $2,830 | $63,260,000 |
| qwerewqradsfafsd | $61,000 | $61,000,000 |
| BEANZ Official | $2,640 | $52,840,000 |
Collections like Meebits are not included as the most sales were made on LooksRare and may be a subject of wash trading.
Top-20 NFT collections by sales volume
| NFT collection | Volume |
| Axie Infinity | $4,270,000,000 |
| CryptoPunks | $3,040,000,000 |
| Bored Ape Yacht Club | $2,530,000,000 |
| Mutant Ape Yacht Club | $1,780,000,000 |
| Art Blocks | $1,370,000,000 |
| Otherdeed for Otherside | $1,190,000,000 |
| NBA Top Shot | $981,910,000 |
| Azuki | $938,790,000 |
| CLONE X – X TAKASHI MURAKAMI | $816,500,000 |
| MOBOX: NFT Farmer | $700,700,000 |
| Moonbirds | $622,590,000 |
| Doodles V4 | $587,200,000 |
| The Sandbox | $453,610,000 |
| Bored Ape Kennel Club | $450,960,000 |
| Cool Cats | $368,990,000 |
| BEANZ Official | $279,130,000 |
| Pudgy Penguins | $257,850,000 |
| Ethereum Name Service (ENS) | $254,190,000 |
| CrypToadz by GREMPLIN | $243,160,000 |
| World Of Women | $230,660,000 |
Collections like Meebits and Loot are not included as the most sales were made on LooksRare and may be a subject of wash trading.
Top-20 NFT collections by amount of sales last 30 days
| NFT collection | Amount of sales |
| Hasbulla | 12,909 |
| Angry Apes Society | 11,304 |
| Sewer Pass | 9,101 |
| Dooplicator | 5,363 |
| Doodles | 5,280 |
| Lil Pudgys | 5,090 |
| Rug Radio Faces of Web3 by Cory Van Lew | 4,849 |
| Beanbag Frens | 4,096 |
| Moonbirds Oddities | 3,825 |
| PORSCHE 911 | 3,149 |
| Pudgy Penguins | 3,125 |
| CLONE X – X TAKASHI MURAKAMI | 2,976 |
| 0n1 Force | 2,970 |
| DOGE Gang | 2,777 |
| Moonbirds | 2,638 |
| Genuine Undead | 2,635 |
| Otherdeed for Otherside | 2,605 |
| Kitaro World | 2,377 |
| Mutant Ape Yacht Club | 2,369 |
| The Bobo council | 2,356 |
The compilations display how NFT collections can be organized based on different criteria, resulting in varying lists. However, a few collections are recurrent across most of the lists. Let us delve into a few of them.
Bored Ape Yacht Club
Bored Ape Yacht Club has gained significant attention as one of the most prominent NFT collections in the market. It comprises 10,000 distinct NFTs, with each Bored Ape NFT displaying a cartoonish ape’s profile picture. The NFTs are generated from over 175 possible traits, including clothing, expression, and headwear, resulting in each NFT being exceptional and scarce.
The rarity of the traits associated with each Bored Ape NFT determines its uniqueness. Owning a Bored Ape NFT, however, offers more advantages than possessing a digital artwork. Purchasing a Bored Ape NFT grants exclusive access to the Bored Ape Yacht Club. Club members have access to unique areas like “The Bathroom,” which is accessible solely to wallets holding at least one ape NFT. The Bored Ape Yacht Club’s website describes “The Bathroom” as a members-only area where members can draw, scribble, or write profanities, reminiscent of a dive bar’s bathroom.
Mutant Ape Yacht Club
The Mutant Ape Yacht Club is an NFT collection designed by Yuga Labs, a spin-off from the popular Bored Ape Yacht Club. The collection comprises 20,000 unique Mutant Ape NFTs. Creating a Mutant Ape NFT can only occur in two ways: either by exposing a Bored Ape to a vial of Mutant Serum or minting it in a public sale. Mutant Apes created from existing Bored Apes retain their original traits but possess a mutated twist.
The primary objective of this NFT collection is to reward Bored Ape Yacht Club holders. Given that the project emanates from a reputable team and has a well-established active community, investing in the Mutant Ape Yacht Club may be a prudent decision. Additionally, the project has a clear roadmap, contributing to its attractiveness.
CryptoPunks
CryptoPunks, an NFT collection inspired by punk and cyberpunk culture, has become a household name in the NFT world. It is one of the earliest and most influential NFT projects, having inspired many other projects in the space. The collection’s popularity is evident from its massive sales, with five of its NFTs making it to the list of biggest NFT sales ever. The highest sale was for CryptoPunk #5822, which sold for a whopping 23.7 million, followed by Alien CryptoPunk #7523, which sold for $11.75 million, CryptoPunk #4156 for $10.26 million, CryptoPunk #5577 for $7.7 million, and CryptoPunk #3100 for $7.6 million.
In March 2022, Yuga Labs, the company behind Bored Ape Yacht Club, acquired the CryptoPunks IP, signaling further growth and development for the collection and its community. The future of CryptoPunks and the NFT market as a whole is promising, with new opportunities and advancements on the horizon.
Otherdeed for Otherside
The Otherside is an upcoming metaverse built on blockchain technology that combines MMORPG game mechanics with blockchain gaming. In this game, characters will be represented as NFTs, and the players will own the game’s world.
To claim ownership of land in this metaverse, players can purchase an Otherdeed. A total of 200,000 Otherdeeds are available, with half of them set to release in April 2022. The remaining Otherdeeds will be rewarded to those who contribute to the development of the metaverse. Additionally, Bored Ape and Mutant Ape NFT holders can claim an Otherdeed as well.
According to the Otherside’s website, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), and CryptoPunks holders will receive Otherside-ready 3D models of their NFTs at the game’s launch, which can be played as characters. This integration of popular NFT collections in the Otherside metaverse could attract a vast user base, making it a highly anticipated project.
Moonbirds
Moonbirds is a popular NFT collection that comprises 10,000 unique PFP NFTs, each with distinct traits, some of which are rarer than others. Besides being a digital collectible, Moonbirds have a practical use as they grant access to an exclusive private club and private Discord server. Club members can benefit from various exclusive drops, Parliament meetups, and upcoming projects such as the PROOF metaverse.
Moreover, Moonbirds can be nested to unlock additional advantages. By nesting your Moonbird, you can enhance its nest and achieve higher tier levels. The longer you nest it, the higher the tier it will attain. This is a way to reward community members who display the most loyalty. However, once nested, you cannot trade your Moonbird on marketplaces. Only un-nested NFTs can be sold or traded.
Clone X – X TAKASHI MURAKAMI
Blockchain technology is being integrated into the art world, as exemplified by a popular NFT collection created by Takashi Murakami, a renowned contemporary artist from Japan who originated the Superflat art movement. Murakami’s collaboration with RTFKT has resulted in his first NFT project, Clone X, which features NFT art, including his iconic smiling flowers motif. Each NFT can be purchased for approximately 7.5 ETH or $11,500 at present. Murakami’s motivation to delve into NFTs was driven by his experience with bankruptcy during the pandemic, highlighting the current state of the art world. The artist is currently working on another NFT project called Murakami Flowers, which draws inspiration from Japanese culture and videos, a recurring theme in many of his artworks.
Pudgy Penguins
Pudgy Penguins is a top NFT collection in terms of volume, consisting of 22,222 adorable yet tenacious Pudgy Penguins that battle against evil. While details about the project are scarce, there are rumors of a metaverse launch in the works.
On OpenSea, the highest-priced Pudgy Penguins NFT is listed at a staggering 20 million USDC, while the floor price for a Pudgy Penguin sits at 3.2 ETH or $5,000. The total volume traded for Pudgy Penguins to date is 61.367 ETH.
The future of NFT collections
The future of NFT collections remains uncertain, but several trends and possibilities could shape their direction. Here are a few potential developments:
- Expansion into new markets: While NFT collections have primarily focused on the art and entertainment industries, they could potentially expand into gaming, sports, fashion, and other markets. This may result in the emergence of new types of NFT collections.
- Integration with other technologies: NFT collections could be integrated with emerging technologies such as virtual reality, augmented reality, and blockchain-based social networks. This could create new ways for collectors to interact with their NFTs and for creators to showcase their work.
- Greater emphasis on sustainability: As concerns about the environmental impact of blockchain technology continue to rise, sustainability could become a significant concern in NFT collections. This might entail efforts to reduce energy consumption and carbon emissions, or the development of new models for creating and selling NFTs.
- Increased regulation: As the market for NFT collections grows, governments and other organizations may increase regulation to protect consumers from fraud and scams, or to address issues related to intellectual property and copyright.
- Growing popularity among mainstream audiences: As NFT collections become more mainstream, there may be greater interest and participation from non-expert collectors and investors. This could lead to a democratization of the NFT market and greater diversity in the types of NFT collections created and traded.
The future of NFT collections will likely be influenced by technological innovation, market trends, and regulatory developments. While there is still much uncertainty, it is clear that NFT collections will continue to be an exciting and dynamic area of innovation in the years ahead.
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