NFTs have become an unstoppable force in the cryptocurrency sphere and have held up better in this crypto winter, or bear market, than many blue chip cryptocurrencies. What NFTs can stand for, however, is constantly changing, and it is this that you are buying into whenever you purchase an NFT.
This article will talk about two established NFT collections on the Solana and Ethereum networks as well as take a look at a brand new NFT-minded project still in its presale, Celphish Finance.
The Degenerate Ape Academy on the Solana network
Styled off of the most renowned NFT collection (The Bored Ape Yacht Club on the Ethereum network), the Degenerate Ape Academy has become the blue-chip NFT collection on the Solana blockchain, amassing a total market cap at its most valuable of over $500 million.
The Degenerate Ape Academy was the first trustless launch on the Solana blockchain and kicked off when the Solana token was at $40 and before it went on its mania-ridden bull run to $260.
Owning a Degen Ape NFT gives you access to the Degeniverse and the Degen DAO. The perks associated with the Degen Ape collection and the Bored Ape (BAYC) collection are very similar and it is not difficult to envision the Degenerate Ape Academy collection gaining similar traction to that of the BAYC on the Ethereum network.
All NFTs were minted for a price of 6 SOL initially. The cheapest NFT in the collection is currently listed at 58 SOL. With the SOL token back down at the $40 mark and despite the crypto winter, this marks a huge increase in the value of each NFT and exemplifies the mass return on investments that are possible in the NFT market.
The Rubber Duck Bath Party (RDBP) on the Ethereum network
Another collection of 10,000 unique and in this instance, dynamic NFTs. The RDBP collection is a dynamic collection in every sense of the word.
Built on and for the Ethereum network and just like Ethereum did for DeFi. it is disrupting the consensus of what an NFT collection can be.
Rubber Duck NFTs can be bought on OpenSea and LooksRare for ETH tokens. The NFTs themselves are dynamic because they can change over time. Owners can allow their ducks to go to a ‘Bath Party’ to socialise and mingle with other ducks. When they come back from the party there is a chance that some part of their look, i.e. their necklace, beak or head etc. will have changed. The concept here is that the ducks swap characteristics at these parties and come back with a slightly different arrangement or traits, altering their rarity. This is a very unique concept and gives the RDBP collection a niche edge over competitor collections.
The NFT collection is still very much in infancy and would make a sound investment for anyone looking to get into the Ethereum NFT market. Current prices range from around $40 per NFT which gives a huge amount of scope for a large ROI on these Ethereum-based NFTs.
Celphish Finance (CELP) – The presale NFT token
Celphish Finance is an up-and-coming project looking to disrupt the established NFT market industry. The technology behind CELP is set to fix current industry problems such as lack of transparency, authentication and forgery.
To use the NFT marketplace (yet to be released) the user has to simply connect their compatible wallet as the programme’s registration process is fundamentally linked to the user’s wallet. Once your wallet is connected, you can list your NFTs for buy-now prices or tas biddable items. It also allows you to choose the token your NFT can be bought or sold with.
The CELP project is also looking to create an NFT collection of its own, giving greater scope for the success of the project long term. NFT collections are a great way of building a community as well as funding for the development and advertising of the project.
For more information on the Celphish Finance (CELP) team and project, check the links below:
Presale: https://cel.celphish.io
Website: http://celphish.io/
Telegram: https://t.me/CelphishFinanceOfficial