Best NFTs in 2023

By:

James Knight

James is a lead editor for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His ... read more.

Updated: Aug 4, 2023

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Below are 5 top NFT collections for you to look at, along with a brief overview of each collection and what their prospects are for the future.

What are NFT collections and why are they so important?

An NFT (non-fungible token) is a unique piece of data that is stored on the blockchain. Something that is non-fungible means it cannot be replaced with something else and is inherently distinctive.

When talking about NFT art, each digital artwork is tied to a non-fungible token. That unique token is forever connected to that artwork and cannot be altered. The NFT artwork itself is not hosted on the blockchain but on web servers from Google Drive to various web 2.0 hosts.

NFT art collections are made up of thousands of unique artworks that relate to a general theme or idea. Some NFT collections gain massive followings and go on to be sold at traditional auction houses like Sotheby’s and Christie’s. On this page, you’ll discover more about NFT collections and how you can buy them.

How and where can I buy NFTs now? 

To buy NFTs, you must first acquire some Ethereum then head over to Opensea, a marketplace for Ethereum based NFTs. You can click one of the links below to get Ethereum and then follow our step-by-step guide to buying NFT collections.  

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6 Easy Steps to Buy NFTs

To purchase your first NFT, simply follow the steps below.

1. Sign-up to an exchange. To buy Ethereum, you must first create a crypto exchange account or sign up to a brokerage. You can choose one of the exchanges or brokerages above, then register an account. To use your account to purchase cryptocurrencies, you must first make a deposit using your credit/debit card or PayPal.
2. Buy Ethereum. Once you’ve registered and deposited funds into your account, you can search for Ethereum to buy. You should buy enough to cover transaction fees and the cost of the NFT you would like to buy, which may be hundreds or even thousands of pounds.
3. Transfer Ethereum to a crypto wallet. To buy NFTs from Opensea, you must first create your own cryptocurrency wallet. This is where you will keep your Ethereum. The most popular compatible crypto wallets on Opensea are Metamask, Trustwallet, and Walletconnect. If you bought your Ethereum on Coinbase, you can simply use your Coinbase account wallet.
4. Link wallet to Opensea. Head to the Opensea website and connect your wallet by clicking the wallet icon. The site will ask which wallet provider you’d like to use, and then you can connect your wallet and funds to the Opensea marketplace.
5. Choose an NFT. Once your wallet is connected to Opensea, you can use the search bar to find the NFT collection you’d like to buy from or browse other NFT collections using the site’s navigation pages.
6. Make the purchase. Each NFT has its price denominated at the bottom, normally in Ethereum (although this can vary). Click on the NFT and click the ‘buy’ button to purchase it. If the NFT needs to be bid on, you will need to place a bid and beat the highest bidder before the timed auction expires.

Top 5 NFT collections

Below are some of the best NFT collections available on Opensea. Included are brief summaries of each NFT collection’s history, themes and what makes them unique above all the rest.

1. World of Women

Launched in July 2021, one of World of Women’s goals was to make women more visible in the NFT space, where they are often underrepresented, and bring in more diversity. The collection of ten thousand unique portraits sold out in a few hours and gained enormous attention from the NFT community. Celebrities and popular NFT influencers promoted the project to millions of people.

Artist Yam Karkai’s portraits of women are made up of many styles and vibrant colours. Each World of Women NFT is just as exceptional as the other. The revenue that World of Women makes from trading fees on Opensea goes towards supporting women’s charities worldwide and buying back crypto art created by underrepresented artists.

The project continues to expand and the World of Women DAO (decentralised autonomous organisation) is a place for holders of a World of Women NFT to gather and make joint decisions on the future of the project. World of Women is a superb down-to-earth NFT collection and is a great example of what the NFT space can achieve to further social justice.  

2. Emblem Vault

The Emblem Vault is made up of various NFTs from multiple blockchains. These NFTs, despite coming from different blockchains, can be wrapped up as an Ethereum token and traded on Opensea. Because of the way emblem vault works, old, nostalgic NFT’s from platforms like counterparty are introduced to a new contemporary market.

Rare NFTs from 2012 and beyond are made available at emblem vault’s Opensea page and website to be traded and collected. From ‘rare pepes’ to ‘spells of genesis’, ‘bitcorns’ and 2014 twittereggs, it seems these old NFTs have found a new home. Because of their rarity, some of the most highly sought after NFTs, like the 2016 Rare Pepe Satoshi Nakamoto card, trade for over a million pounds.

The ability to own a piece of NFT history is attractive and there’s an active, breathing market for it. Every now and then a new ancient NFT collection is added to the market via Emblem Vault. For the novelty and slight absurdity of it all, the Emblem Vault deserves a visit.

3. CryptoPunks

In 2017, software company Larva Labs generated ten thousand unique 8-bit pixelated art portraits of unconventional looking individuals inspired by the punk scene, the cyberpunk genre, and electronic music.

Over time, the portraits gained attention for their originality and novelty as one of the first NFTs created on the Ethereum blockchain. CryptoPunks can be said to have inspired many NFT collections who launch with a supply of ten thousand portraits based on a specific theme.

In May 2021 a collection of 9 CryptoPunks went for sale at Christie’s auction house for $17 million. There have been a few public exhibitions of CryptoPunks around the world and the art continues to influence the NFT space and the opportunities of digital art.

4. Art Blocks Curated

The Art Blocks platform allows anybody to create a randomly generated piece of art that is recorded and kept on the Ethereum blockchain. The end products range from 3D models to interactive works and vibrant, colourful images.

Art Block’s curated collection is made up of a vast range of artwork collections whose artists are invited to host their art on the platform. The ‘playground project’ allows artists who have been featured in the curated collection a chance to create and deploy an artwork collection in the ‘playground’.

One of the most popular collections is the Chromie Squiggle collection by Snowfro. Currently, each distinctive colourful squiggle goes for over ten thousand pounds and can be bought on the Art Blocks Curated Opensea page.

5. Bored Ape Yacht Club

Launched in April 2021, Bored Ape Yacht Club, abbreviated as BAYC, is made up of ten thousand distinctive portraits of seemingly bored cartoon apes. Owning an ape grants membership to a club that comes with exclusive benefits and the ability to mint free NFTs.

Since its launch, the collection has become one of the most popular NFTs on the market. A golden BAYC went on to be sold at Sotheby’s auction house for over $3.4 million. The reason for BAYC’s quick rise is due to its very active and close-knit community and the many benefits of owning a BAYC.

For example, In August 2021, owners of a BAYC NFT were able to turn their ape into a Mutant Ape belonging to the Mutant Ape Yacht Club. Owners of a BAYC also gain access to ‘THE BATHROOM’, a collaborative graffiti board on the BAYC website. Other benefits include an invitation to BAYC Ape Fest which includes yacht parties and gallery events.

Before investing in NFT collections

Below are some advantages and disadvantages of investing in NFT collections. Use this information to help you decide whether or not to invest in NFTs.

Benefits of investing in NFT collections

Purchasing an NFT from an NFT collection can be a great way to support digital artists and NFT projects with solid goals and visions. As the NFT scene grows, there will be more opportunities for great digital artists to be discovered and interesting projects to come about.

Owning a piece of digital art on the blockchain and becoming an NFT art collector can be quite exciting. Many NFT projects come with benefits like live events and the ability to be the first to know of future collections, and more.

Risks of investing in NFT collections

It’s known for some NFT collections to be made from stolen art. On Emblem Vault, there have been instances of un-authentic copies of Rare Pepe cards going up for sale. The NFT space is relatively safe, but collectors should always keep an eye out for malicious occurrences.

When purchasing an NFT with the hope to sell it to someone else later for a higher price, it’s important to be aware that the price of NFTs is largely speculative and unpredictable. Anyone buying NFTs as an investment opportunity should be aware that there is no guarantee that they may be able to re-sell it again, especially if there is a general downtrend in the NFT market.

How can I find the best NFT collection prospects?

Keeping up to date on NFT news by reading crypto news sites, following NFT influencers and artists on social media and monitoring new releases on NFT marketplaces like Opensea are some of the best ways to find future NFT collections.

Twitter is home to a large, active NFT community, and it’s a great place to hear about new NFT collections before they’re launched while browsing through related NFT hashtags or following NFT influencers like Gary Vee, Artchick and Pranksy.

Final Thoughts

In 2017, nobody could have predicted that the NFT space would progress to the point where huge brands would want to work with NFT creators to make content and bring popularity to the NFT community.

In December 2021, BAYC, PUNKS! Comic, Adidas Originals, and NFT influencer Gmoney released a collaborative metaverse NFT project titled Adidas Originals into the Metaverse. Owning at least one of the NFTs will allow someone to redeem the physical merchandise related to the collaboration in 2022.

NFT art collections are gaining popularity outside of the NFT space, and traditional art collectors are noticing these new works in the blockchain realm. If you’d like to become involved in this expanding space, Opensea is a good place to start.   

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