NFT collections are a dime a dozen these days, but which one is worth your hard-earned money?
NFT collections are a dime a dozen these days, but which one is worth your hard-earned money? We take a look at three of the most popular NFT collections on the market – Chronocatz, CNP Rookies, and Be VEE – to see which one gives you the most bang for your buck.
Be VEE Fails to Generate Buzz among Investors
The South Korean artist and animator Ramdaram’s Be VEE collection of 10,000 curated NFTs is currently one of the ten most popular NFTs for sale on the OpenSea NFT marketplace. The goal of the project is to encourage people to “be true to themselves” by taking part in the nostalgic journey and purchasing the NFTs. At the time of writing, the NFT collection has a floor price of 0.067 ETH, a volume of 371, and 4,196 owners.
However, many investors are wondering whether Be VEE is worth the investment, especially after the recent news that the company is not profitable. The team behind Be VEE has failed to generate any significant interest in the project. Without a community or following, there’s no way for the Be VEE project can succeed. Additionally, the team has been extremely slow to release new content, with just two collections released in over six months. This lack of activity makes it unlikely that Be VEE will ever become a profitable venture.
CNP Rookies Garners Low Interest in the NFT Market
CNP Rookies is a collection of 7,777 character NFTs generated on the Ethereum blockchain by the Ninja DAO. The collection is built on the concept of helping newcomers and serves as a budget-friendly point of entry into the Ninja DAO ecosystem. Though it may have unique NFTs in its collection, CNP Rookies has not seen the same level of interest from investors as other companies in the market. The current floor price of CNP Rookies is 0.089 ETH, a major decrease from its last year’s price of 0.17 ETH. There are several possible explanations for this.
One reason may be that CNP Rookies’ offerings are not as well-known or established. CNP Rookies is a relatively new entrant to the market, and it’s NFTs may not yet have the same level of recognition or appeal. Another possibility is that investors may perceive CNP Rookies’ NFTs to be less valuable than those of its competitors due to a perceived lack of scarcity or uniqueness, or because investors believe that other NFTs are more likely to increase in value over time.
Chronocatz Sells over 1300 NFTs in Phase 2
Chronocatz is a new entrant into the world of NFTs and is a one-of-a-kind collection of 7,777 NFTs that also grants holders access to the exclusive Chrono Wealth Club (CWC). The Chronocatz NFTs are hand-drawn by a group of artists, and they have over 200 original and one-of-a-kind characteristics, such as headgear, outfits, etc. Additionally, in accordance with the overarching theme of the Chronoly project, the watch being worn by the Catz is a primary characteristic that establishes the level of rarity of Chronocatz.
The company recently completed its second phase of sales, during which it sold over 1300 Chronocatz NFTs. This impressive feat puts Chronocatz well ahead of most of its competitors, who have only managed to sell a few hundred NFTs each.
Additionally, the members of CWC will have the opportunity to participate in secret auctions, receive additional discounts, and be the first to purchase new watches when they are released on the Chronoly.io marketplace.