Bitcolors aims for top spot as NFT sales jump to $10.7bn

By Raffaele Redi

NFT sales were up more than eightfold from the previous quarter

BitColors.io could be the top NFT upcoming collection.                                 
BitColors.io could be the top NFT upcoming collection - Photo: Bitcolors.io
                                

NFT sales jumped to $10.7bn in the third quarter of 2021, up more than eightfold from the previous quarter, according to data from market tracker DappRadar.

BitColors.io is poised as the top non-fungible-token (NFT) upcoming collection, based on the rating of 500 NFT analysts.

“NFTs are bringing the possibility of art ownership to the masses, which historically have been reserved for the wealthy,” said Michael Golomb, the founder & CEO of the platform FanVestor, talking about the growing demand for NFTs.

Experts from ValueWalk tracked the top 10 projects which are gaining momentum and therefore have the potential to yield a return on investment in the future.

“We asked 500 NFT analysts to rate the attractiveness of 100 upcoming NFT drops. The experts were asked to assign a score of 1 to 10 on several parameters,” said ValueWalk.

The top 10 upcoming NFT drops according to the survey

The 500 experts analysed hundreds of upcoming collections on the market ranking them by virality, media presence, possible increase in value in the future and execution.

According to the ValueWalk findings, BitColors.io is the most attractive for NFT collectors, followed by CrypToadz, CyberKongz, Habbo Avatars and Sneaky Vampires in the fifth position.

“While a lot of the NFT collections focus on digital art and the likes, BitColors is bringing a new dimension to the NFT mania. BitColors is a collection of 1,000 handcrafted NFT colours that can be owned and traded. Seeing that the project is introducing something entirely new to the NFT market, it comes as no surprise that it scored a 10 in its uniqueness and potential upside,” said the analysts.

The last five collections ranking in the top ten were SpaceBoys, Nft Bubbles, Northern Guilds, Fishbowl Heads NFT and Bitcoin Billionaires.

Further reading: First NFT photo Twin Flames auctioned at Christie’s photographic sale

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