The hottest NFT projects that have launched on Cardano and Likely will make 100X

The Cnft ecosystem has blown up. We’ve had our first 1 million nft sell, which is crazy, but not just that the amount of nft projects that have now launched on Cardano is way more than double from just a couple of months ago.

In fact, pool.pm, which tracks and visualizes the Cardano blockchain, estimates that of the more than 15 million tokens already minted on Cardano, around 96% of them are nfts which is an amazing stat.

Clay Mates

Clay Mates is first up on the list, with the nfts racking up almost 700 000 ADA worth of trades in the last week on the two marketplaces. That’s about 1.4 million dollars at today’s prices.

Clay Mates hasn’t sold as many units as other drops, but the average selling price is far higher, including two Clay Mates nfts selling for fifteen thousand and twenty thousand ADA, respectively.

Clay Mates are a set of real clay figurines, and something unique is the fact they’re animated gifs rather than static images, which is pretty cool.

Clay Mates also have clay nation, a different drop with nft ownership giving you exclusive access to the member’s zone.

Not only that, but anyone who owns a clay nation nft also recently had the opportunity to mint nfts in an exclusive Halloween drop.

The obvious future for Clay Mates is a huge world of animations cartoons and the clay nation world that can add value for holders.

What we can see by the sales data for Clay Mates is that after the initial hype after the drop, the trading in the nfts has been quite stable.

But if we switch over to the median price of each trade, you can see that the chart is rising steadily. This means that people are increasingly paying up for the nfts.

Probably good news if you are a claimant’s holder.

Yummi Universe

Yummi Universe who also did a Halloween special for hodlers recently. But using an airdrop which is just giving them away to 500 random wallets.

So the designs aren’t my bag, but this brand has to make a list because they sold more nfts in the last week and the last month than any other set.

In fact, over the last four weeks, they’ve traded two times the volume of anything else on cnft.io.

The brand wants to create a whole set of characters a little like pokemon or Digimon, at least that’s what they say from 2d designs, 3d characters and animations, and even physical collectable cards.

They also aim to open up a Cardano stake pool, which a lot of nf projects will do, and plan to have a unique character sent out to some stake pool delegators each month.

The average selling prices for this brand are lower than Clay Mates, for example.

However, still selling for much higher in the secondary market than the initial drop price of around 40 ADA, with the cheapest going for approximately a hundred eight or more or at least that’s what they’re trying to be sold for.

Many people, of course, do try to flip the launch of nfts, so they keep an eye on the official Twitter for any drops like the recent 2d style designs and then try to flip them or sell some of them that they get in the drop on the secondary market.

Average prices for these nfts are also steadily rising, as we can see by the charts on cnft analytics.

Suggesting pretty good demand in the secondary market for these characters.

Is there long-term value in this project? Well, for me, only if they develop actual brand value in cartoons or other media that make them grow and keep an audience.

It’s also difficult for investors to buy at these as from what I can see, they don’t give nft holders any intellectual property rights to the designs or the brand itself. However, these are nice collectable and may have value in the future if the brand becomes popular.

Spacebudz

Moving on, though, to a brand with a lot of value right now as Spacebudz has the honour of having the first-ever one million dollars nft sale on Cardano.

The Spacebudz bots on Twitter keep a record of each nft trade in the Spacebudz ecosystem and posted this image of the nft that sold for 510 000 ADA, which was a little over 1 million us dollars in value.

Looking at the actual wallet that paid the 510 000 ADA, it seems to have been specifically created for the purchase as it hasn’t done much else other than buy and hold that nft.

İt shows these nfts easily sell for around four to seven thousand ADA in the secondary market, which is very high compared to most other drops. Spacebudz were some of the earliest nfts on Cardano.

So it looks like now they’re more difficult to come across and have a little bit of Cardano’s history built-in as they trade less and trade for a higher price than newer nfts.

Even though they only traded around 550 times in the last month. They sit at number two by ADA volume with almost four million ADA in trading volüme. That’s about eight million dollars at today’s prices.

The project has recently introduced its marketplace as well on the Spacebudz.io website.

Each nft is listed there, and on each nft page, you have options to buy the nft if it’s listed for sale or to make a bid to the wallet that holds it.

Everything on that website is built on smart contracts. Meaning your bid goes straight from your wallet to the owner, which they can either accept or reject.

You can keep your bid in the system for as long as you like and withdraw your bid at any time as long as it hasn’t been accepted by the owner.

Pavia

The next early-stage project on Cardano was called Pavia. Over the last week or so, we’ve seen metaverse projects blow up after facebook rebranded.

This is a huge growth area in the whole entertainment space, with new worlds to be created and nfts being part of this.

On Ethereum, we’ve already seen games like Decentraland and the sandbox both at different stages of development.

With Cardano, Pavia looks to be amongst the first to develop a grid-based world with land parcels being auctioned off as nfts.

For right now, Pavia looks like this. Yes, that’s it. But that hasn’t stopped Pavia from selling all the land parcels and getting placed firmly in the top 10 for the trading volume.

Even the road map says this is day one for the project, but it seems like enough people are willing to take a punt on some of the worlds becoming as big as something like Minecraft.

Pavia is one of the first projects I’ve ever seen like this on Cardano, so it’s got a head start. However, İt remains to be seen whether any games like this can create a world that rivals something like Minecraft and with Facebook tracking billions of dollars at the metaverse.

We have to assume most of the value will go to the big players who can launch expensive products to a mass market.

But many of these nft projects are small, like tiny, and an investment in them is a 100% investment in the small team of people attempting to build a community.

Also, most nfts are just one-off collectables and not fractional ownership of intellectual property, which is what I’d want personally as an investment.

So that’s why I like to think of nfts as something that I can enjoy and that gives me pleasure like a piece of art, and that’s about it.

Unless these projects do build out a huge brand, then the first nfts in time won’t retain much value, in my opinion. İn a monetary sense but not everything is about flipping crypto for a game.