Unless you have been living under a rock for the last year or so, you have heard a lot about the phenomenon that is the NFT business. There has not been a larger craze in the tech finance world ever since cryptocurrencies started gaining traction, which is now more than 13 years ago. Non-fungible tokens have taken over the world as they became the latest commodity that people stress over, invest in, and struggle to figure out. To help those interested in it learn more, as well as to talk about some of the highest paid NFTs, we give you this article in the form of a guide. Keep reading in case you are interested in one day having your own collection of nun-fungible tokens as well as to learn about endangered animal collections that are among the most popular. You can always find popular animals on our website like for example Panda NFTs, or Monkey NFTs.
What are NFTs?
As previously mentioned, the acronym stands for non-fungible token. However, that does not make things clearer and one could argue that it only makes them more confusing. The term non-fungible means that something, in this case a token, is completely unique and it cannot be replaced with anything else like it. The most popular comparison is bitcoin, the most valuable cryptocurrency. Bitcoin is fungible because it can be traded for another bitcoin resulting in you having the same thing. Something non-fungible would be a one of a kind trading card that has a lot of value because only one of it exists. One could only trade it for different card.
Another similarity between cryptos and NFTs is that they both include blockchain. Most of current NFTs are part of the Ethereum blockchain, this being the platform/crypto that is the second-most popular and wanted by the enthusiasts. The blockchain supports creation of other things like apps and smart contracts, and this is where NFTs exist too. They work differently than the Ethereum network’s own coin, Ether (ETH). Other blockchain network are free to implement and have their own versions of non-fungible tokens of course, but Ethereum got in front of them and is currently the king in this young and coming industry.
What do They Look Like?
The easiest way to think about an NFT is a form of digital art, like a very short video, a GIF, or a still image. There is only one of each which makes them more valuable than any other form of media that can be found online, of which there are countless copies probably. NFTs can also be anything digital like drawings or music, which is why they are so popular among artists of all sorts. Most of the current excitement around them is selling this digital art, a phenomenon that has caused a boom in the tech industry only similar to the onset of cryptos.
Many view NFTs as the newest type of fine art collection. While it can be discussed for days that this is a far cry from actual art by famous painters, particularly paying for small-sized animations of weird characters, it is what it is and it is huge at the moment. Paying almost $400,000 for a video by Grimes that lasts 50 seconds, of $6.6 million for a Beeple video. One of the things most awkward about this is the fact that you can still right-click and download many of the content, just like any other thing on the internet. However, the NFT you buy honestly also gives you ownership of the work, although the original artist retains copyright and reproduction rights similar to physical art. In simpler terms, anyone can buy a Picasso print but only one person owns the original.
Top 5 Highest Paid Tiger NFTs
For some reason, it is the animals that take the cake when it comes to value and non-fungible tokens. Animals are great, there is nothing wrong with this, everyone loves them. But they also like collecting NFTs of them particularly when they are endangered. Tigers are among animals most in danger of being extinct, which may help explain the fascination of NFTs with their likeness.
1. Typical Tigers
This collection consists of 3,900 randomly generated tiger NFTs on the Ethereum blockchain. They represent the same amount of tigers left in the wild. Less than 4,000 of them now remain free roaming the world. The Typical Tigers project donates 10% of net mint proceedings to foundations around the world that have made saving tigers their mission. The tigers are minted and stored on the Ethereum blockchain and they look really cool. Each is generated with different traits, like clothing, physical attributes, stripes, facial expressions, and other features. They have been sold out already, as it states on their website. The original price was 0.03 ETH but the prices have gone up considerably.
2. Tiger Society
The primary goal of this group is to provide utilities to the NFTs they have. Their ultimate mission is to make a 3D mobile game that gives meaning to NFTs they would release. The first drop they had involved Tigers, which were sold in less than 2 minutes. At the moment, their tiger NFTs are trading on numerous market places and have proved very popular. They then released Cubs, which sold in 15 minutes. Tiger Mutants introduced sending two tigers and a potion in order to make them. Their next idea is the Tigress, a medium to increase the audience and holders. In total, they have nearly 4,000 NFTs.
3. Trendy Tigers
Tiger NFTs with this project look very hardcore, serious, and menacing. From astronaut and air marshal to the original tiger and BatTiger, there are limitless options to choose from all with unique backgrounds, costumes, and colors. Trendy Tigers offers hundreds of unique NFTs that are some of the most creative and valuable out there at the moment. The fantasy element behind them is truly magnificent as they look like something straight out of a comic book movie, a fantasy RPG game, or a popular animated series. The price for one Trendy Tiger is 0.003 ETH.
4. Brave Tigers
This collection numbers 10,000 avatar-style NFTs. Every tiger comes with its own personality and traits that range from peculiar clothes and weapons to funny and weird grimaces. The team behind this project hosts giveaways too, some worth as much as $100,000. The presales and public sales of their initial batch starts at the end of January, 2022. Make sure you are among the people who own some of the first pieces!
5. Lazy Tiger Wood club
This community already has more than 8,000 social media followers, more than 1,000 new members a day, and around 35,000 Discord members on their server. They have put their first 250 OG NFTs on presale at the start of the year and have had giveaways of their NFTs already. Holders will enjoy benefits and there will be secondary sales too. Their final mints are dropping fast so you better be quick if you want to score the latest ones.