5 NFT maintains their value in the beer market
If you’re struggling to find NFT from collections that didn’t crash during the NFT beer market, look no further than this list of 5 NFTs while maintaining their value.
In particular, we will focus on some high-value art NFT from some of the biggest artists in the NFT space. To be sure, all these pieces will cost a fantastic money. Of course, this only speaks to their huge cultural and financial value.
Without further ado, let’s take a look!
Fine Art NFT is maintaining their value in the NFT beer market
One of the most interesting takeaways from the current beer market is how industrial NFTs have performed compared to PFP. Undoubtedly, the biggest fine art NFTs have kept their standards much better than the biggest PFPs. Interestingly, 3 out of 5 NFT makers on this list are in the top 10 list of best-selling NFT artists of all time.
While this is far from a perfect comparison – art NFT collections for one thing are much rarer than 10K PFP collections – it suggests that art NFTs may be a better investment than PFPs. In fact, if you don’t plan on a dollar-cost average, fine art NFTs from well-known artists seem to be a very difficult way to maintain value during the bear market. At least when ETH prices are strictly thought out.
In this list, we will note the floor value of the following NFT collections Also, we will use their floor price performance as a metric through Q2 2022 on how they have maintained quality. For the convenience of comparison, here are the current floor prices and percentage changes for some popular NFT PFP collections *.
- Bored App Yacht Club: Floor price- 90 ETH | April 1% change from floor price – -18.6%
- Cryptopanks: Floor price- 66.95 ETH | April 1% change from floor price – -1.5%
- Quiet Cats: Floor price- 3.98 ETH | April 1% change from floor price – -50.2%
- Doodle: Floor price- 13 ETH | April 1% change from floor price – -46.7%
- Azuki: Floor price- 10.99 ETH | April 1% change from floor price – -58.7%
* Floor price data taken from NFT price floor.
1. 1111 by Kevin Abosh
Current floor price: 3.45 ETH | % Change from 1st April: + 4.55%
1111 is a collection of 1111 unique NFTs by renowned conceptual artist Kevin Abosch. In fact, the Irish artist is considered one of the most influential crypto artists in the world. Taking his talent into NFT space, Abosch launched the collection on March 20, 2021.
Although the collection has declined occasionally, it certainly holds strong through this bear market. In fact, like the other NFTs on this list of 5, its floor value has actually increased the value of ETH compared to Q2.
2. Coin of Damien Hearst
Current floor price: 7.4 ETH | % Change from April 1: +116.2%
Simply put, Damien Hurst is one of the most famous living artists out there. As a result, its major NFT debut The coin NFT has attracted the attention of collectors since its launch on July 29, 2021
This collection of 2,190 NFT features an array of colored dots in a plain background that will be familiar to fans of Hearst’s traditional paintings. As far as maintaining their value, Hirst’s Currency NFTs are the top performers on this list of 5. In Q2 2022, they have basically doubled the floor price.
3. Chromi squiggle by Snowfro
Current floor price: 11 ETH | % Change since April 1: + 59.3%
In addition to being the founder of the favorite art block platform, Snowfro is the artist behind the artwork that has come to represent the platform. He is also the first of three NFT artists to make the list of the top 10 bestsellers Therefore, given the recent resurgence of the popularity of the art block, it is not surprising that Snowfro Chromi Squiggle NFTs have been swimming for the past few months.
Launched on November 26, 2020, Chromi Squiggles is undoubtedly the most important NFT in the history of blockchain generative art. Currently, a total of 9,675 chromi squiggles have been made. When Snowfroe squiggles new ones from time to time, they go very fast and certainly not for cheap!
4. Grifter by XCOPY
Current floor price: 13 ETH | % Change since April 13: + 36.8%
XCOPY is one of the most popular crypto artists of today, as evidenced by its presence in both this list and the list of top 10 best-selling NFT artists.
XCOPY has many NFT collections that can make this list, but here we are focusing specifically Grifter This limited-edition version of the 666 NFT relaunched on December 14, 2021. Grifters have kept their price incredibly good in the bear market, maintaining XCOPY’s high floor prices throughout all of their collections.
Interestingly, the only XCOPY NFT that has recently seen a significant drop in floor prices is Max Payne. That historic Open Edition drop apparently happened to give collectors a lower entry point to own an XCOPY NFT.
5. Spring / Summer Collection 2021 by Beeple
Current floor price: 18 ETH | % Change since April 1st: + 12.5%
Rounding out our list of 5 NFTs while maintaining their value through the beer market Spring / Summer 2021 By Bipal it is fair to say that Beeple is the most famous NFT artist today. After all, it was his sale Daily: First 5000 days Which many credit for bringing NFT to mainstream audiences.
In other words, it is impossible to tell the story of NFT without including the story of Mike Winkelman aka Bipal, only the NFT industry. Needless to say, this makes the work of Bipal extremely valuable to NFT collectors.
Like XCOPY, Beeple has many high-value NFT collections So in this list, we are referring to the 511-version that Beeple relaunched in April 2021. SPRING / SUMMER is a small sub-collection made up of Beeple’s trademark obscure humorous and irrational social comments.
This concludes our (non-complete) list of 5 NFTs that maintain their value in the bear market! To be sure, most of this list may not be achievable to those new to the NFT space. That said, perhaps this also stands as good advice for those who are not able to carry out these tasks today. Many of these NFT collections have been minted cheaply (chromi squiggles were first minted for free!)
There is no such thing as a sure thing in NFT. Still, if you follow the NFT art space well enough, who knows? You might land a piece from a future Beeple or XCOPY.
Happy art collection!
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This article is educational.
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