As many of you who follow me on Twitter know, I’ve been having a lot of fun exploring the NFT space. When I started in crypto back in 2017, the two cryptos I focused on were BTC and ETH. What I always found so promising about Ethereum was the fact that it had real utility and the opportunity to expand the use of blockchain in some pretty exciting ways.
Back then I focused only on buying crypto and sadly didn’t buy any NFTs, and yes now I sure wish that I had, but hey, I’m glad I still got into crypto early so you can’t win them all. That being said, I think these are still the early days of NFTs and there are a ton of great opportunities. Of course, like anything in crypto, there’s a lot of risk. I’ve said this many times before but I’ll say it again, I would never invest any money into crypto or NFTs that I’m not okay to part with.
All that being said, I do think there are some cryptos (like BTC and ETH) and some NFTs (a few that I’ll share below) that will go onto to be some pretty stellar investments. So far crypto has been the best investment vehicle I’ve ever had next to domain names and I see a future where it overtakes domains. At the same time, I also see crypto as an incredible risky investment vs. the two-word COMs that I know and love that I think are a lot less risky.
What makes NFTs special is the same thing that makes rare art special, it’s unique and verifiably one of a kind. The beauty of blockchain is that you can absolutely guarantee that something is the unique, special thing that it is. If you buy a $1M piece of physical art, making sure it’s the real thing vs. a great forgery really comes down to someone’s opinion, with blockchain, it comes down to data that truly verifies the uniqueness of the asset.
Okay, enough rambling from me, let’s get to the good stuff. Below are three NFT projects I’m investing in right now that I’m excited about, and that I plan to HODL for a long time.
Meebits – Larva Labs is the company behind CryptoPunks, one of the most successful NFT projects out there. Meebits might just be their most ambitious NFT project yet as they have a vision for the Meebits to someday become your digital avatar in the Metaverse. There are only 20,000 Meebits and I can tell you, when one dominant version of the Metaverse takes off, there will likely be hundreds of millions if not billions of people on it, and only 20,000 of those people will have Meebits avatars. I could go on and on about Meebits but I’ll save that for a dedicated post, I’m just glad I got one and I’m planning on getting another one or two because I think this project is awesome in so many ways.
NBA Top Shot – when I was a kid I loved collecting baseball cards, it was a lot of fun and I always thought something new would take its place. The problem with baseball cards or any physical collectables is that you really have to keep them in good shape for them to hold their value. NBA Top Shots has already become wildly popular and has taken the place of the baseball card craze I loved when I was a kid. What I think makes NBA Top Shots particularly interesting as an NFT is that it’s an NFT that’s accessible and interesting to a much wider group of people that the art of quirky avatar NFTs. People all over the world love basketball and just Google Search “NBA Top Shots” and you’ll find some incredible stories about people building up million dollar collections…and it’s all just getting started.
Bored Ape Yacht Club – if you follow me on Twitter you’ve probably noticed that my profile photo has changed to a cartoon picture of an ape wearing a captains hat. You’ll likely also notice a lot of other people doing the same. The Bored Ape Yacht Club is a really fun project where your NFT (a cartoon of an ape with a varying set of properties) is also your membership into a swamp club for apes. Like most NFTs, the value depends on the properties of the NFT itself so some apes are much more valuable than others. I’ll get deeper into this in a future article but for now just know that there’s a reason why some apes are priced higher than others. If you want to browse for your own ape, here’s a link that will give you a list available for BIN sorted by price.
I’d also like to give an honorable mention to two other projects I’m really digging – Space Apes and 3D Baby Punks, both of these are pretty fun and have a pretty awesome community forming around each.
Feel free to share some of your favorite NFT projects or comment on any of the ones that I shared. You know the drill – I want to hear from you, comment and let your voice be heard!
Disclosure: The content on MorganLinton.com is for informational and educational purposes only and should not be construed as professional financial advice. Morgan is an investor in a wide range of cryptos including BTC and ETH, and all NFT projects listed in this blog post.