Non-Fungible Tokens are one of the well-established tech advancements in the Web 3.0 space, and they are not going anywhere in 2023. Even though the year 2022 is known for the crypto winter, experts have established that 2023 is going to be the deciding year for NFTs and crypto assets. NFTs have become a huge success in the Web 3.0 space for their unique and rare characteristics offering immutable ownership to the holders.
As we step into the year 2023, the beginning of the NFT market has been on the positive side. According to CoinMarketCap statistics, the market cap of NFTs is up by 343180.47%, and the total sale volume is up by 30691.66% in the last 30 days. This gives hope among NFT enthusiasts globally that the crypto winter may end in 2022. This sharp rise in the market cap and sales also promises a bright future for NFTs in 2023.
What Makes NFTs Value Touch the Sky?
The answer to this question is very simple. The NFT should be either a valuable art or else the NFT should be backed with robust utilities. These two factors greatly add value to the NFT collection. In addition, it should also give hype to the audience.
Non-Fungible Tokens for Art
Arts always establish an emotional value with the holders or collectors, be it physical or digital. There are factors that set the value for the NFT in the NFT trading platform. The crucial factors which determine the value of the NFT in the NFT trading platform are how unique and rare the art piece is, the artist of the NFT, and finally, how much hype it is able to stir among the collectors and enthusiasts.
You might have heard about NFTs selling out for colossal prices in the NFT trading platforms. You do not have to wonder how those NFTs were able to fetch such high values. The mentioned factors in the previous paragraph have enabled the creators to fetch high-value sales.
Non-Fungible Tokens Backed with Utilities
NFTs are rare and unique and offer immutable ownership records for the holders. No doubt about that, but utilities add a sense of purpose to holding them. Collectors and NFT enthusiasts purchase them from the creator in order to experience the utilities that it offers. Moreover, the NFT market is one of the most highly competitive markets in the world, and it can be difficult for a collector to choose the right one. It is essential for the NFT collector to evaluate the utilities and buy the right NFTs that have the potential to reap great revenues in the future.
Top Potential packed NFT Artists For 2023
The blog further lists the top NFTs artists who have performed exceptionally in 2022. It would be beneficial for NFT collectors to have an eye on their works which they could flip for a hefty profit. NFT collectors can also evaluate these top artists’ NFT works with the above-mentioned factors, which boosts the value of the NFT.
Kevin McCoy is one of the finest NFT creators on whom you should keep an eye to make a fortune in 2023. The art piece was sold for $4 back then, and McCoy called it “Monetizing the Graphics.” However, the art piece made a comeback and sold for $1.4 million in the year 2021.
Beeple is definitely a not miss out on artists in 2023. Beeple creates powerful graphic visuals which represent the happenings in the real world. NFT enthusiasts and collectors across the world are eyeing collecting his works on social and political parody and flipping them for a higher price. Moreover, Beeple’s NFT artworks are unique with high-standard designs.
Beeple is one of the top most valued living artists and his NFT, which is known as “Everyday – The First 5000 Days,” fetched the NFT creator a massive bid of 69 million U.S. dollars.
Dmitri Cherniak is a rising name in the NFT market. The artist creates digital art similar to the post-modernism art categories. The rare, unique, and high-standard designs from the artist enabled him to climb the NFT market leaders quickly. Since he is a rising NFT artist who is new to town. Creating a better opportunity for flippers to grab one NFT from the NFT trading platform and flip it for a higher price.
Trevor Andrew is also known as the Gucci Ghost. He was a former snowboarder and Olympic games participant. He is now in the world of NFTs. Trevor Andrew’s Gucci Ghost NFT brands incorporate elements like fashion, graffiti, and street art. Impressive NFT art from the creator paved the way for Andrew to collaborate with the Gucci brand.
Trevor Jones calls himself a traditional artist. The artist paints by hand, convert the painting into NFTs and sells them on NFT trading platforms. However, the artist’s vision is to make art meet the technology and benefit the artists. Trevor Jones sold his first NFT art called the ‘The Eth girl’ for 72 ETH on the Super Rare NFT trading platform. Yet another masterpiece from Trevor Jones is his ‘Bitcoin Bull’ NFT which was sold for a whopping 55,555.55 U.S. dollars.
Summing It Up
As the year begins, the Web 3.0 space looks to get stronger with the flourishing NFT market. It is the right time for NFT enthusiasts and collectors to make a fortune with NFTs in 2023. The top NFT artists mentioned in this blog are the top performers in the NFT market. Moreover, having an eye on their projects in 2023 will pave the way for NFT flippers and collectors to make huge profits. Collectors can grab any of their NFTs from the NFT trading platform and flip it for a higher price in the upcoming days.