We all heard about celebrities like The Weeknd, Snoop Dogg, Sunny Leone selling their dropouts as NFTs. Other celebrities like Lewis Capaldi, Tony Hawk, Lindsay Lohan will also launch their own celebrity NFT collections in the virtual metaverse world. So, what is this new fad called NFT? And what are the Top 5 most traded Metaverse NFT Collections? Let us explain these new fads to you in simple words.
NFTs are Non-Fungible Tokens. Fungible means something that can be replaced. Hence, Non-Fungible means something unique, something irreplaceable. And, Tokens are basically the currency of Blockchain technology. So, in simpler words, we can say that NFTs are modern-day’s collectibles that cannot be replaced, that are unique, that are millions of worth.
Now, what is this about the Top 5 most traded Metaverse NFT collections? Now, since these NFTs are so unique and irreplaceable that people all over the world can sell/buy them. Why? Because why not? Items that are rare or unique or scarce are what make them more valuable. The less something is in the market, the more its worth will rise. Owning NFTs makes you the sole owner of that rare original piece.
But now the question arises: where do people sell or buy these rare collections? Is there any kind of illegal market? Or, an illegal Mafia that we have to deal with? Well, as much as dramatic and thrilling it sounds, it would have been fun if this were the case. Right? But NO, this is not the case! So, where are these available? Is it safe? Wait! You will get to know all about it below.
What Are The Top 5 Most Traded Metaverse NFT Collections?
People trade these NFT collections for their Metaverse World or for their avatars that are an important part of the same Metaverse World. People all around the world are already gearing up for the next revolution in the digital cosmos. So, where are these available?
To answer it precisely, these rare collectibles are easily available on the market called OpenSea. OpenSea is the world’s first and largest NFT marketplace where people can easily trade these NFT collections. And the best part is that it is available to everyone for use.
Now, let’s get to the statistical part. According to the stats of the OpenSea, the following were the most traded, in the order of highest to lowest, Metaverse NFT Collections in the month of November:
1. Decentraland
It’s no surprise that Decentraland is the greatest NFT organization, and is on the top of this list of top 5 most traded Metaverse NFT collections. Why? Because it’s the leader of all Metaverse crypto initiatives.
There are 97.1k objects in the official Decentraland NFT collection, with over 5.5k owners. Each NFT, like in the Sandbox, symbolizes a piece of land. However, in Decentraland, they’re referred to as Parcels. According to recent Opensea sales, the average package price per unit was around $17,000. Some NFTs can sell for skyrocketing prices depending on the location and size of the package.
Also Read, 6 Top Metaverse Games And Crypto Gaming Projects
2. Decentraland Wearables
Decentraland also has a set of wearable NFTs that players may utilize to modify their avatars, in addition to its Parcel collection. The good news is that these NFTs are significantly cheaper than buying a piece of land, and most people can afford them. And that’s why it ranks second on our list of top 5 most traded Metaverse NFT collections.
The majority of transactions have been around $1,000, with some exceeding $11,000. This package is a wonderful spot to acquire your first NFT if you have a budget of $100 or less. The Decentraland NFT market is quite active, with 18 sales and over 100 bids in the previous 24 hours. Furthermore, with 10,000 owners, it is apparent that Decentraland has a sizable community behind it.
3. The Sandbox
The Sandbox has a collection of over 100,000 things, making it the most anticipated Metaverse project on the market. In the Sandbox Metaverse, each NFT symbolizes a piece of land.
Looking at all of the NFTs, the average price per land is around $13,000. With almost 20 NFTs sold, the Sandbox NFT market is quite active. Furthermore, there are over 15.4 thousand owners, demonstrating how popular this organization is. It’s apparent that the market is buzzing following the November 29th release of the Sandbox alpha. This is the reason why the Sandbox has occupied the third rank in our top 5 most traded Metaverse NFT collections list.
Also Read, Decentraland vs Sandbox | Which Is The Best Metaverse Project?
4. The Alpha Parallel
Parallel Alpha is an NFT-based collectible card game with a sci-fi premise. Original 3D artifacts and characters are featured in the package. The NFT trading card game, which is still under development, is being developed by Parallel Alpha. It is under development status is the reason why it is one among the top 5 most traded Metaverse NFT collections list.
Also, the NFT integration is a stripped-down version of the Metaverse, despite the fact that it isn’t officially a completely virtual world. The Parallel Alpha collection presently has 381 pieces and over 29.6 thousand owners. Because most NFTs are quite inexpensive, it makes sense for the Parallel Alpha to have numerous owners. The Walking Stone, an NFT relic, just sold for $1032. According to OpenSea, the majority of NFTs were sold for around $100, with some rare cards fetching $1,000 or more.
5. Zed Run
Last but certainly not least in our list of top 5 most traded Metaverse NFT collections is, The ZED Run NFT collection. It is one of the most popular on the metaverse. For investors wanting a fully developed metaverse gaming experience, this metaverse NFT is just for you.
ZED Run is a digital horse racing game with over 153,000 items in its NFT collection. Each NFT in this project comes with a one-of-a-kind racing horse with an array of shades and characteristics. The costs of these horses vary, with unusual kinds fetching significantly higher prices than common breeds. Given that there are over 40,000 owners of the ZED Run NFT collection, there has been a lot of publicity about the ZED platform. Parallel Alpha’s metaverse experiences cannot be paralleled to those of Decentraland or The Sandbox. But Parallel Alpha’s NFT is structured on games, whereas the former provides a whole metaverse library. It comes with a 3D racing track that shows each horse in real-time.
Also Read, 5 Best Chinese Metaverse Stocks To Invest In Right Now
Wrap up:
This is just the list of the 5 most traded metaverse collections in the month of November. They are subjected to change with time.
So, there is no implication to invest in these NFTs only. Every day someone is coming with some new ideas. It is advised to invest only when and where you can bear the loss.
