What are the most profitable NFTs?

 

Since we are used to telling you the latest digital news, we show you news about NFT token combinations and the most profitable cryptocurrencies.

The question is which NFT group is more profitable: CryptoKitties, CryptoPunks, or Bored Ape Yacht Club.

That's because the numbers left by the group won the hearts of collectors.

Research on NFT Group

When calculating the returns for groups of NFTs, most analysts calculate the average returns.

• For example, the first CryptoKitties sold in December 2017 at an average price of $3.24 each. on the first day.
• Of these, 105 CryptoKitties were created, and several collectors spent a total of $340.63 in Ether (ETH) on these CryptoKitties.
• This puts the current average price of each CryptoKitty at $3.24 and the average CryptoKitties at $256.99.
• This equates to an average price of $256.99 per CryptoKitty and an average perpetual pool return of over 7800%.

Which was the most profitable NFT in 2021?

The Cointelegraph research team answered this question in the 80-plus page NFT Research Report.

However, the average price is an unreliable measure of population value estimates, as selling a small number of expensive NFTs can skew the data.

For example, the most expensive CryptoPunk game #7523 COVID Alien created by Larva Labs sold for $11.7 million in June 2021.

This is the reason why CryptoPunks are constantly coming back over 700,000%, so a few CryptoPunks are being sold for millions of dollars.

Since the first CryptoPunks have already been distributed for free, the permanent rewards of CryptoPunks are technically unlimited.

For this analysis, Cointelegraph Research used prices from the first trading day, June 23, 2017.

At that time, 19 CryptoPunks were sold at a total price of $1020.3.

Instead, according to Canadian concept artist and media blogger Kimberly Parker, the average price better reflects what people are paying for NFTs in the market.

To calculate the average price of all NFT sales for a given group, the sales prices are listed in order from lowest to highest.

Where the median is the selling price exactly in the middle.

The final metric often used to measure the ROI of an NFT group is the minimum price.

The floor price is the lowest open sell price for NFT within a group in the market.

For example, the floor price of a boring monkey is currently 38 ETH or approximately $125,000 on OpenSea.

This means that the owner of the boring monkey is willing to accept $125,000 for the NFT but not less.

Reasons for the high price of NFT

After Visa paid $150,000 for CryptoPunk in August 2021, the minimum price for this pool rose by 280% to $425k.

The CryptoPunks group has also generated the highest return for collectors since its inception in 2017.

In addition, the Bored Ape Yachting Club, which launched on April 30, 2021, has generated the highest collector revenue so far in 2021.

The Cointelegraph Research NFT Report, also released in October, covers how to evaluate different types of NFTs and discover exciting combinations of NFTs before they become mainstream.

The report also highlighted the dark side of NFTs, including their environmental impact and lack of liquidity.