Most people would say that 2021 was an incredible year for the non-fungible token market.
We witnessed this technology gain widespread adoption, and many NFT projects exploded in value.
The market is poised for continued growth this year. Here are two of the NFT projects that may be among the top in 2022.
Mutant Ape Yacht Club
Mutant Ape Yacht Club is the second PFP collection made by Yuga Labst of the Bored Ape Yacht Club NFT project. This project aimed to reward the holders of the Bored Ape Yacht Club collection, as well as to provide a way for people to enter the Bored Ape ecosystem for a lower price point. This project was launched in August 2021, when members of the Bored Ape Yacht Club were airdropped “Mutant Serums.”
These mutant serums could be used to generate a new Mutant Ape NFT, and the serum would be burnt when they were used. The original Bored Ape remained unchanged and unharmed in any way during the process of creating these Mutant Apes. The Mutant Ape Yacht Club is a collection of 20,000 NFTs.
Mutant Apes may perform well in 2022 for a wide variety of reasons. It is no secret that the Bored Ape Yacht Club is among the best NFT collections in the world. It has what may be the best community of any NFT project. Owning a Mutant Ape will allow you access to an exclusive community.
The holders of Mutant Ape NFTs will be able to earn tokens in Bored Ape Yacht Club’s not yet released blockchain game. Considering the notoriety of the Bored Ape Yacht Club, there is a good probability that their upcoming blockchain game will be a success and gain a lot of users.
Alien Frens is an NFT project that was launched on December 20, 2021. It is a collection of 10,000 cartoon NFTs and had an initial mint price of 0.02 Eth. Alien Frens is an example of a profile picture NFT project.
According to its website, the goal of Alien Frens is to “build the biggest group of frens in the Metaverse.” Ownership of an Alien Fren NFT provides many benefits such as invitations to IRL events, exclusive merch, comic books, staking of $FRENS TOKEN and invasions (giveaways). The team is fully transparent and has doxed itself.
Alien Frens will be a good pick for 2022 due to its strong community. This theme of friendship is important to this NFT project. Its website states that owning an Alien Fren will introduce you to “a lifelong frenship with 10k other Frens.”
The project currently has over 52k Twitter followers, as well as over 24k Discord members. The project also has very notable celebrity backing, including Gary Vee and Meek Mill.
Another reason Alien Frens may be a good pick for 2022 is their ambitious roadmap. It is doing a streetwear drop on January 30, releasing a 30-page comic on February 15 and introducing the $FRENS token on February 28.
Will NFTs Grow in 2022?
Mason Nystrom is a senior research analyst at Messari, a cryptocurrency analytics company. According to Nystrom, the NFT market is ”surprisingly interesting over the recent downturn as the NFT market has continued to increase in volumes. OpenSea has recorded $2.3 billion in NFT volume in January so far, on pace to break its monthly volume record if volumes continue.”
The NFT market is expected to grow in 2022. This is due to the mass adoption this technology is continuing to see. Coinbase is expected to add NFTs to their service, which will help onboard many novice cryptocurrency investors into the world of NFTs.
Many NFT platforms like Opensea are working to make the platform more user-friendly to non-technical users by allowing fiat onramps. NFT gaming will continue to develop and become more popular with the masses, and the development of Ethereum 2.0, Layer 2 solutions, and other Layer 1s will allow for lower gas fees and also reduce concerns about the environmental impact of NFTs.
Are NFTs a Good Investment In 2022?
If the NFT space continues to gain mass adoption, NFTs will most likely be an excellent form of investment in 2022. However, not all NFT projects are alike. Be sure to thoroughly research any project before investing.