If you’re planning to buy NFTs, but don’t know which collection to go for, this article is for you. We analyze the top NFT collections across different sectors and how they are positioned to scale this year. While some collections are new to the market, some have made a name for themselves in the last few years. Nevertheless, they all have unique visions and ambitious roadmaps that we believe are key to a successful NFT project.
Silks is a vibrant metaverse that mirrors the thoroughbred horse racing industry using blockchain technology. The skill-based fantasy sports game launches NFT derivatives of real world thoroughbred race horses called Silks Horses, one of the most-awaited digital collectibles of this year. They track data related to the bloodlines, training progress, and racing results of real-world thoroughbreds. So, every time the underlying thoroughbred wins a race or breeds offspring, the owner of the Silks Horse earns rewards.
Silks launched its first collection of NFTs, titled the Silks Genesis Avatars, in April 2022. The floor price of the collection went up 4X in less than three months of release, while the NFT market was battling a steep crash. The resilience of the project has as much to do with the large fan base of thoroughbred horse racing as the unique gaming mechanics it puts forward.
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The horse racing industry is evergreen. It is known to perform well in all market conditions, including recessions. Thoroughbred horse racing, in particular, is a widely popular sport. More than $11B is wagered on the outcomes of thoroughbred races annually in the US. The price of racing horses and the value of prize purses have gradually increased over the years. 2022 has been an exceptionally good year for the industry, seeing wide traction from people of all ages.
Why not bring the thrill of thoroughbred horse racing to the metaverse! This is the thought that sparked the idea of Silks. The key assets on the platform are Silks Horse, Land, Stable, and Avatar NFTs.
Silks Genesis Avatars is a Top #15 sports NFT Ethereum collectionon Opensea. It has also made the prestigious Nansen.ai Gaming 50 Index, owing to the massive potential of the project in the growing blockchain gaming sector.
Silks NFTs make for a great hedge against volatility, as proven by their resilience during the crypto downturn. The project combines real-world dynamics with Web3 technology to form mixed-reality entertainment that has the potential to bring NFTs to the mainstream.
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Silks is co-founded by Dan Nissanoff and Troy Levy. Their passion for horse racing led to the creation of Game of Silks. Dan is a hugely successful entrepreneur, bestselling author, and web innovator. He partnered with Troy, the owner of Circle 8 Ranch in Lexington Kentucky and the founder of Tropical Racing, to bring the idea alive.
Tropical Racing is a multifaceted thoroughbred horse-breeding and racing company that specializes in breeding, racing, pinhooking and syndicating young thoroughbreds. Tropical Racing’s deep industry expertise, financial backing, and strategic support give more legitimacy to the project. With a passionate team of multidisciplinary experts, they aim to build a self-sustaining metaverse with a collective purpose, uniquely rewarding ownership experience, and aligned incentives.
As noted in the Silks whitepaper, the Inaugural Silks Horse NFT Collection will represent the top 1-year-old thoroughbred racehorses registered in the U.S. This makes them one of the most coveted NFT collections of this year. As a result, the price of the NFTs is expected to take off shortly after the launch. To lower the initial capital barrier to the ecosystem, Silks introduces the concept of Horse Syndication. It allows you to own fractional NFTs, which are a great way to diversify the risks of thoroughbred horse ownership as well.
The collection is scheduled for release in the fall of 2022. It is important to note that the entry to the mint is reserved for users who hold Silks Avatars, NFTs that represent your unique identity in the metaverse.
In response to the growing demand, Silks will release 5,000 Genesis Avatars more to the public with the first mint set for Friday July 29th. This will be extra special, as every Avatar purchased during the mint will automatically receive a claim for Silks Land, after they’ve been HODLed for 45 Days. There is a limited supply and a limit of two per customer. Pricing is tiered so get to Silks and be the first in line to get your Avatar and claim for SIlks Land.
The first Genesis Silks Avatar Collection is held by a community of leading investors and investment firms who also flaunt top NFT collections like BAYC, CryptoPunks, Azuki, and CloneX in their wallets. Get your Silks Avatar today and join the discussion on the Silks Discord channel.
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Plant vs Undead is a gripping play-to-earn game that takes inspiration from the more-popular Plants vs. Zombies. The concepts of these games are quite similar. However, Plant vs Undead uses NFTs and crypto tokens to spice up the gameplay and ensure better transparency. If you didn’t guess already, the Plants are tokenized as NFTs.
The key highlights of Plant vs Undead are its multiplayer tower-defense mode, dynamic reward system, and gripping backstory. As a gamer, you need to fight the Undead using the different Plant NFTs in the game. Each Plant NFT comes with different sets of attributes that can influence your gameplay and the rewards you earn. As Plant vs Undead reaches more players, the value of the NFT collection is expected to take off in the coming months.
Do you remember the time when FarmVille was all the rage? The fun game captured hearts with simplicity. Town Star revives our love for FarmVille. It is the world’s first play-to-earn town builder game from Gala Games. Interestingly, the blockchain-based project comes from one of the co-founders of Zynga, the company behind Farmville.
In Town Star, you need to complete fun daily exchanges to earn rewards as Town Points. You can use your tokenized in-game assets to step up your performance. Consistent gameplay will take you to the leaderboard, where you are rewarded with bigger prizes in fungible and non-fungible tokens. As a gamer, you are supposed to contribute to building the platform using the in-game assets and your skills and creativity. Town Star is designed to be “the most efficient and productive town imaginable”.
As the flagship game of Gala Games, Town Star utilizes Gala’s decentralized network and Ethereum blockchain to build a gamer-first ecosystem. The team has made sure that the gaming mechanics and user experience are simple so that anyone can access the platform. Even if you are new to crypto, you won’t have a hard time playing the game. Town Star in-game NFTs are currently trending on OpenSea.
The next NFT collection that makes our top-7 list is VeeFriends, a Gary Vaynerchuk project that thrives around meaningful intellectual property and an extraordinary community. Each NFT is touted to be the key to Gary’s world, as they feature traits that Gary values the most. They are fun and quirky with doodles and popular culture references. In fact, a few of the NFTs are drawn by Gary himself.
However, more reasons cater to the project’s massive success. The most prominent of these has to be the three-year access to VeeCon that each VeeFriends NFT guarantees.
Women Unite — 10k Assemble is the second collection of NFTs from Miss Kaina. If you remember, the first Women Unite NFT launch was a grand success, garnering widespread attention from the media. The project’s social mission sets it apart from the rest of the NFT collections listed in this article. Women Unite aims to build an inclusive ecosystem that represents the individuality, allure, and influence of womankind through fashion, photography, and NFTs.
The new collection features models from diverse nationalities and backgrounds. The 10,000 NFTs have varying degrees of rarity. They adorn different wardrobes and accessories unique to their individuality. While Women Unite has great value as a collectible, it is also considered a social investment.
Apart from raising awareness about women empowerment and gender equality, the project donates 10% of all royalties to initiatives that support and empower women. Recently, Women United donated 20 ETH (worth over $40,000) to the Women’s Earth Alliance (WEA). This marked the first of its many charity initiatives that are underway. The NFTs are also your membership card to the exclusive WU Kingdom.
Bored Ape Yacht Club needs no introduction. It is a legendary collection of 10,000 unique avatars that live on the Ethereum blockchain. Among its high-profile owners have been singer Justin Beiber and television host Jimmy Fallon. Its rise to fame has garnered top-tier partnerships with leading brands like Adidas and Gucci. What’s so special about this collection?
Apart from the quirky artworks that inspire laughter, it has to be the prompt marketing initiatives led by Yuga Labs, the company behind the NFT collection. The primary utility of BAYC NFTs is that they act as your Yacht Club membership card. They grant you access to exclusive privileges in the fast-growing BAYC ecosystem. If BAYC keeps up the enthusiasm, it is expected to gain more value in the coming days.
Crypto Kitties is one of the earliest NFT projects. It has played a key role in bringing the idea of unique digital collectibles to the mainstream through fun gameplay. Interestingly, it continues to have a large user base. Over the years, the project has improved its user experience and expanded the utilities of the NFTs. Even if you’re not into the game, CryptoKitties prove to be a great investment owing to its place in the NFT history.
The game requires you to acquire rare CryptoKitties through breeding, which you can then sell on NFT markeplaces. They vary in traits and rarity. The rarer the CryptoKitty, the higher its value. The attributes of the offspring are determined by a 256-bit genome and an element of chance. You’ll be surprised to learn that this leads to 4-billion possible genetic variations!
NFTs are the future. An NFT collection with a long-term vision can bring you significant returns over time. In our research covering more than a hundred top NFT collections, we find that the above projects excel in terms of relevance and growth potential. They have proven their worth in the market with a wide range of use cases and solid community strength.
However, we’d recommend investing in an emerging project like Silks if you want to make the most of your initial capital. Since the project is still in its early phase, the NFTs have more room for value accumulation. More importantly, the white paper and roadmap look promising. The vibrant metaverse that mirrors the thoroughbred horse racing industry has the potential to be the next-big NFT project.
Get your Silks Avatar and claim your spot in the Silks Horse Mint. Don’t forget to follow Silks on Discord to receive the latest updates about the upcoming mints.
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● Derivative sport NFTs
● Owned by leading NFT investors and investment firms
● 4X floor price (Avatars) in under three months
● Fractional ownership
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