Last updated on January 5th, 2023 at 11:03 am
Non-fungible tokens popularly known as NFTs are here to stay. Even though the momentum behind it dropped a bit in 2022, it is still one important part of the new generation of the internet, Web 3.0, and platforms like Opensea remain one of the best marketplaces to buy these NFTs.
The growth and attention skyrocketed in 2021 when more investors capitalized on the trend and became more interested in owning these digital arts. It can be difficult to pick the best collection to invest in, that’s why I have curated this post to point you to the best NFT collections to buy.
People have mistaken NFTs to be only about art, but the truth is that the use case for NFTs has expanded in the last couple of years across different areas of life. From arts to real estate, to sports, and entertainment, the use case keeps growing.
Just like every other digital asset, NFTs come with their share of risk. If you want to make good profits on your investment, you need to do your proper research, looking beyond the hype surrounding it. The long-term plan and vision for the Non-fungible token you have in mind determine its essential value.
Opensea is one very good place to start your NFT journey as a beginner. It is the first and largest marketplace for NFTs. The platform which was founded in 2017 hosts over 1.3 million users and has over 80 million NFTs listed.
How to create an Opensea Account
Just like every other marketplace and cryptocurrency exchange, you will have to sign up and create an account before you can start using the platform. Signing up on Opensea requires a few steps that you can follow and finish up in a few minutes. See our step-by-step guide on how to create an Opensea account below:
- Purchase some ETH: ETH is the digital currency that fuels the Ethereum blockchain. You can purchase Ethereum from popular cryptocurrency exchanges like Binance, Coinbase, and Bitfinex. ETH is needed to purchase an NFT from Opensea, mint NFTs, and also pay transaction fees.
- Install Metamask crypto wallet: After purchasing ETH from any exchange, the next thing you need to do is install a crypto wallet, and in this case, we will be working with Metamask. Metamask is a software crypto wallet that is used to store ETH and also process transactions on the Ethereum blockchain.
- Connect your wallet to Opensea: After installing Metamask wallet, the next thing to do is connect it to Opensea and edit your profile. Visit opensea.io and click on the profile icon to connect your wallet.
How to buy NFTs on Opensea
After creating an account on Opensea and successfully connecting it to Metamask, you are now ready to buy NFTs. Follow the simple steps below:
- Open your browser and visit the opensea.io website.
- Go through the website or search for your desired NFT
- Click on the “Buy Now” button.
- Go through the Terms and Conditions of the marketplace and then click on “Checkout.”
- Review and confirm your transaction.
Important: Always make sure to go through the transaction details and check the gas fee before proceeding with your purchase.
To learn more, check our extensive guide on How To Buy Your First NFT on Opensea.
Hopefully, you have made it to this part of the post, let us now get into it and talk about the top NFT projects to invest in.
5 Best NFTs (Non-fungible tokens) to buy on Opensea in 2022
Below are my top NFT collections to invest in for the remaining part of the year ahead of 2023.
- Tamadoge (TAMA)
- Silks ($STT)
- Lucky Block (LBLOCK)
- Town Star (TOWN)
A closer look at our top NFT collections to buy
1. Tamadoge (TAMA)
Tamadoge is a P2E (play-to-earn) Dogecoin that has been gaining momentum since its presale launch in July. It was listed as our top cryptocurrency to buy in October. In Tamadoge, players battle and earn Dogepoints which helps them proceed in stages.
The native token of Tamadoge is TAMA. Players participate to earn multiple rewards in the “Tamaverse.” The P2E platform features Tamadoge pets that can be bought and bred in the Tamaverse. These pets can also be traded across the platform.
Using smart contract functionalities, these pets can be minted as Non-fungible tokens, and these NFTs can be bought using the TAMA token from the Tamadoge store. The TAMA token can also be used to trade assets on Tamadoge, and also to complete transactions.
Unlike Dogecoin, the TAMA token has a maximum supply of 2 billion tokens. In the Q3 of 2022, the presale of TAMA was launched and it raised $19 million in two months. There was a surge in the price of TAMA after it was listed on OKX, BitMart, and Uniswap.
Live data from CoinMarketCap shows the price of Tamadoge at $0.031 and a market cap of $32 billion.
2. Silks ($STT)
Launched in June 2021, Silks is a metaverse project where users can own a racehorse and get rewarded for it. Using blockchain technology and NFTs, the fantasy game brings real-world horse racing to the metaverse. It is a play-to-earn metaverse game of real-world thoroughbred horse racing.
$STT is the native token for the Silks ecosystem. Users who possess the token can make Silks Avatar purchases, Silks thoroughbred horses, and can also purchase lands and stables. They aim to bring real-world horse racing excitement into the metaverse.
The governance token on the Silks ecosystem is the $SLK token. Players who possess this token can perform certain functions like voting platform decisions, and also makes them become a part of the DAO. Swapping of both tokens is also allowed.
Assets involved in the Silks NFT game include the
Silks Avatars: These are the players’ identities within the Silks ecosystem. They are well-built and consist of color combinations and patterns. The Avatars are minted and associated with the player’s wallet.
Silks Thoroughbred horses: When real-world horses are born and registered, the Silks ecosystem will create a virtual clone of the same horse. The horses are the main point of the Silks ecosystem.
Silks Land: This is another important asset of the Silks ecosystem. Available in the Silks ecosystem is about 202,500 one-acre parcels of virtual land. The racehorse owners can purchase these lands and build their homes and stables on them.
Silks Stables: Players can work on the aesthetics and attributes of their stables to give them a unique view that would be made visible. The stables are used to stake the NFT horses and also earn rewards.
Silks Farm: The Silks farm can have its virtual marketplace where the horses are on display. Players can buy, or bid on horses directly from their owners.
Visit the Silks website https://www.silks.io/ to learn more.
3. Lucky Block (LBLOCK)
Since its launch in January 2022, it has quickly gathered momentum because of its brilliant use case and its unique tokenomics. 10,000 unique NFTs were released by the development team ahead of the crypto-lottery app launch. Each of these Non-fungible tokens provides very good benefits to its holders.
The major benefit is that each of those NFTs represents a ticket to a daily NFT draft. Every day, a lucky NFT holder wins a jackpot which will be 2% of the total main jackpot draw.
The project is built on the Ethereum blockchain and you can enter into various competitions by buying an NFT collection that is minted on the competition platform. To enter the Lucky Block competition is easy, you just have to Buy NFTs, Earn rewards, and Win prizes.
LBLOCK is the native token of the Lucky Block and it has two versions the BEP-20 (V1) protocol and the ERC-20 token (V2). Live data from CoinMarketCap shows the price for Lucky Block V1 at $0.0002272, and V2 at $0.0002395.
Sorare is a Web 3.0 metaverse game of football where the players can buy, sell, trade, and also manage a virtual team with digital player cards. It is a trading card collection that is widely popular among football fans.
Sorare is going NBA. In September, the NBA (National Basketball Association) announced that they would team with Sorare to create the first NFT-based virtual basketball game according to a post on Cryptoticker.
On Sorare, you can collect, play, and also win these digital cards that feature the world’s best footballers, and also baseball players. The real-life performance of the player featured in the metaverse game determines your points as a user.
The project was created in 2018 and is built on the Ethereum blockchain. The jump in the price of Sorare player’s card from 2020 to 2021 was exponential, it moved from $52,500 to a whopping $3.6 million.
Sorare digital cards are minted as NFTs and are the game’s main collectibles. Users get five cards of players for free when they sign up for the gameplay. To expand its user base, Sorare launched its mobile app to bring a better user experience.
Sorare does not have a native cryptocurrency associated with the platform, however, you will need ETH to perform transactions like purchasing cards on the Sorare platform.
Visit their website https://sorare.com to learn more.
5. Town Star (TOWN)
Town Star is a play-to-earn (P2E) town-building game built on the Ethereum blockchain. It has grown quite popular and is the first NFT game released by a popular NFT and blockchain gaming company, Gala Games.
The competitive farming game draws inspiration from Farmville, which is a game developed by Zynga, the company behind Farmville. On Town Star, plays complete daily tasks and use NFTs in exchange for rewards known as Town points.
Players are rewarded with prizes like crypto tokens and also NFTs. As a player, your goal is to gather points and create your virtual world. At the time of writing, about 313 Town Star NFTs are available for purchase on Opensea.
According to live data from CoinMarketCap, the price for Town Star (TOWN) token is $0.02098 and has a market cap of $5.7 million.
“Play to build, Build to win, Win to earn.” Visit their website https://townstar.com/ to learn more.
Conclusion on top NFTs to buy on Opensea
Investing in NFTs is a good business. Its use case is extensive and the real value comes from its uniqueness. In this article, you have seen a list of different NFT projects that are worth buying in 2022.
All of these projects have gained ground and established themselves as top projects in the NFT space. Projects like Sorare are already well established and have a large following, however, their large price tags might not be for everyone.
My top recommendation for the top NFTs to buy on Opensea will be Silks. Investing in Silks is a good choice if you plan to buy low and sell high. The project has a very good growth potential and a lesser entry barrier.
Disclaimer: This is not financial advice. The view and opinions expressed in this post are that of the author.