5 top NFT projects to buy in 2022 for long-term high returns

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Finding the top NFTs to buy in this bear market can be pretty challenging. It’s even harder to find NFT projects with detailed road maps that will lead to long-term returns for the NFT holders. However, there are still a strong handful of projects worth keeping on your watchlist and potentially buying in 2022 for long-term high returns.

Fortunately, here is the list of five of the top NFT projects to buy in 2022 for long-term high returns for you

The top NFT projects to buy in 2022 for long-term high returns

  1. Silks – A derivatives-based NFT P2E metaverse that replicates real-world horse racing
  2. Bored Ape Yacht Club – A hot NFT collection of 10,000 Apes
  3. STEPN – A lifestyle move-to-earn app that pays people to stay healthy
  4. Doodles – An NFT collection created by the founders of CryptoKitties
  5. Meebits – An NFT collection from the founders of CryptoPunks

A closer look at the top NFT projects to buy in 2022 for long-term high returns

1.
Silks

image2 (3) (1)Spotlight Wire

If you understand just how valuable thoroughbred racehorses can become, then Silks is a project for you. The NFTs for this project have already become highly popular and were purchased by some top investment firms and holders of high-profile NFT collections, such as the Bored Ape Yacht Club.

Silks is the world’s first derivatives-based play-to-earn P2E metaverse that mirrors the real world of thoroughbred horse racing. The platform allows players to purchase NFT derivatives of real-world thoroughbred racehorses.

If you own the NFT derivative of the racehorse that wins a race or produces offspring in the real world, you are rewarded in the Silks metaverse. The horse NFTs work by taking real-world data and stats of living thoroughbred racehorses and linking them to the NFTs. The data inputted into the NFTs include:

  • Bloodline
  • Training Progress
  • Racing Results
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One promising long-term outlook for Silks is that horse racing does well in all market conditions, including recessions. As a result, we could expect the NFT derivatives to somewhat mimic the real-world economy of horse racing.

The Horse NFTs could become incredibly valuable as the Silks ecosystem matures. This is because thoroughbred racehorses can prove to be very costly.
According to the Silks whitepaper
, some racehorse owners spend up to $40,000 on average per horse. Additionally, the racehorse owner will spend another $40,000 on maintenance.

As the Horse NFTs are derived from real-world thoroughbred racehorses, it makes sense to expect these NFTs to become highly valuable – especially if they are the top-tier racehorses that year. The industry is also experiencing a record-breaking year in 2022 in terms of horse sales and prize purses – showing that it is still expanding.

To put it into perspective, here are some horse racing industry stats for the United States:

  • 20,000 foals are born and registered annually
  • 30,000 annual races
  • 50 million individuals betting
  • $11 billion wagered
  • $1 billion in prize purses.

Horses aren’t the only NFTs that Silks provides. Including NFT horses, its entire ecosystem consists of the following NFTs:

  • Silks Avatars NFTs
  • Silks Land NFTs
  • Silks Stables NFTs

The Silks Avatars are required to enter the metaverse, and they serve as your identity in the Silks ecosystem.
Purchase your Avatar today and receive a valuable claim for a one acre parcel of undeveloped land in the Sky Falls region of the Silks Metaverse.

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The Silks Genesis Avatars were minted in April 2022 and quickly became an all-time top #15 best-selling Ethereum Sports NFT on OpenSea. In addition, the Silks Genesis Avatars were added to the Top 50 Gaming NFTs Index by Nansen.ai, which is often considered the most prestigious NFT index.

The Silks Land NFTs are parcels of land players can purchase in the Silks Metaverse to build homes and stables. In total, 202,500 NFT acre parcels are in the metaverse to be bought. The Silks Stables NFTs are required to house the NFT Horses. Additionally, players that stake their horses in the stable to earn rewards.

Overall, the Silks NFTs are a great project to buy for long-term high returns in 2022. The NFTs provided by Silks are novel, and they bridge the gap between the real world and the cryptocurrency industry – making them highly valuable.

VISIT SILKS TODAY


2.

Bored Ape Yacht Club

Even if you’ve only been in the NFT space for five minutes, you would have heard of Bored Ape Yacht Club. It is an NFT collection of 10,000 Bored Apes. The value of each NFT is determined by its unique traits and characteristics. For example, only 3% of the Bored Apes have a biker vest.

image7 (2) (1)Spotlight Wire

The NFTs were minted in April 2021 and initially sold for 0.08 ETH each. The entire collection managed to sell out in 12 hours. The current value of re-sales for the whole collection is now valued at over $1 billion.

The NFT collection was so hot that it attracted a string of celebrities, including:

  • Mark Cuban
  • Justin Bieber
  • Shaquille O’Neal
  • Jimmy Fallon
  • Neymar Jr
  • Serena Williams.
  • Snoop Dogg
  • Madonna
  • Timbaland

The BAYC NFTs serves as a membership card to join the Yacht Club, a special group that provides:

  • Exclusive in-person events.
  • A private Discord server filled with celebrities.
  • Intellectual property rights to the image.

Owning the IP allows NFT owners to produce additional content for their NFTs, making them even more valuable. For example, one Bored Ape owner created an entire backstory for his Ape, Jenkins, on Twitter. As a result, Jenkins was signed to a real-life agency to distribute publishing across books, films, and TV.

Brands have also copied the sub-Ape category, with Adidas purchasing a BAYC NFT to develop a character and a backstory.

Overall, if you can get your hands on one of these NFTs, they are still primed for long-term high returns in 2022.

3.
STEPN

STEPN is a move-to-earn NFT lifestyle app that pays people to stay active and healthy. It combines social-fi and game-fi elements to form a complete ecosystem that pays users as they exercise.

STEPN was founded in August 2021, and the team launched the platform in December 2021. It did not take long for the platform to become highly popular as users flocked to the game to earn money. Since launching, the platform has attracted over 800,000 daily active users.

The entire idea of the game is for players to earn tokens by taking steps in real life and accumulating points.

image4 (2) (1)Spotlight Wire

The project is hosted on the Solana blockchain, making transactions affordable compared to Ethereum. Users are rewarded in Green Satoshi Tokens (GST), the platform’s native token, when they complete their daily steps. For example, users can earn rewards by walking, jogging, or running.

Players must first purchase a Sneaker NFT to access the platform and start earning rewards. Each NFT has a specific amount of ‘Energy’ assigned to it. Every NFT begins with two units of Energy, which each provides five minutes of ‘Stepping Time’ for the user to earn crypto.

The Energy is refilled every 24 hours, but players also have the option to buy more Energy from the marketplace. In addition, they can also upgrade their Sneakers to boost the GST rewards from the NFT.

The team behind STEPN recently introduced a new Achievement and Quest System to provide new missions for users to complete in the game and earn further rewards. Additionally, the team intends to host a marathon competition in October, in which players will be rewarded for participating.

4. Doodles

If you’re a fan of quirky and colorful art, then Doodles is the right NFT for you. Doodles is an NFT collection that consists of 10,000 NFTs that are for profile pictures. The artwork consists of different colorful cartoon characters with different visible traits. Some of the characteristics that vary include:

  • Hair
  • Piercings
  • Face
  • Head
  • Background
  • Body

The collection was founded by Evan Keast, Scott Martin, and Jordan Castro. The founders are well established in the NFT space after helping launch the legendary CryptoKitties project in 2017.

Doodles hosted a presale on October 17, 2021, which quickly sold out for 0.123 ETH each.

image1 (3) (1)Spotlight Wire

The project has a treasury called the Doodlebank, which contains over 650 ETH and is exclusive to NFT holders only. The Doodlebank provides a complete roadmap for where the team and community would like to take the project. In addition, it is the portal for community members to propose improvements to the project.

One of the latest projects that Doodlebank proposed was for Noodles, an NFT collection of noodle-like characters that share a similar color scheme as Doodles. This project cost Doodlebank 48.9 ETH.

Some notable holders of the Doodle NFTs include:

  • Pranksy – An NFT enthusiast with over 430,000 Twitter followers
  • OhhShiny – The co-founder of Digital.xyz
  • Beaniemaxi – Creator of PixelVault

Doodles have also created high-profile partnerships with celebrities to promote the collection. For example, they secured a collaboration with Pharrell Williams to be the Doodles Chief Branding Officer. In addition, the Grammy-winning singer is expected to produce the first Doodle Records collaboration with Columbia Records.

The project has also received substantial venture capital funding from Seven Seven Six, Alexis Ohanian’s VC firm. The financing from Seven Seven Six will help develop the project and explore methods of expanding Intellectual Property rights.

5.
Meebits

Meebits is a collection of 20,000 unique 3D NFT voxel characters created using a custom generative algorithm. The NFT collection was created in May 2021 by Lava Labs Inc, the same production company that developed the highly successful CryptoPunks NFT collection.

Larva Labs sold 9,000 Meebits for around $75 million within 8 hours of offering the NFTs. The 9000 Meebits were initially sold for 2.5 ETH each, and the remaining 11,000 Meebits went to CryptoPunks and Autoglyphs NFT owners.

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Two months after the public sale, Meebit #17522 sold for a whopping 1,000 ETH – worth around $2.1 million at the time. One of the great utilities that Meebits provides is access to the TPose OBJ file. This allows owners of the Meebit NFTs to use them as avatars in virtual worlds, such as a metaverse.

NFT owners can also use the OBJ file to import into any 3D modeling or animation software and then convert the NFT into an animation. Another utility from the OBJ file is to 3D print the Meebits into the real world.

With the popularity of Meebits on the rise, the community created a Decentralized Autonomous Organization called MeebitsDAO. The purpose of the DAO is to build a cross-platform metaverse for avatars.

Interestingly, Yuga Labs acquired the IP rights for CryptoPunks and Meebits from Larva Labs in March 2022. As a result, Yuga Labs gave all NFT holders complete IP rights to the NFTs they own, allowing them to produce additional content for the NFTs and increase their value.

In addition, with the latest acquisition, Meebits is set to join the Yuga Labs otherside metaverse when it launches.

Conclusion

There are still a handful of fantastic NFT projects to buy in 2022 for long-term high returns. All of the projects on this list have long-term roadmaps that will help the value of its NFT collection to grow as the year progresses.

Silks is certainly one of the best options for long-term high returns in the NFT space. By bridging the gap between the real world and the NFT world, Silks has created an innovative platform replicating the highly lucrative real-world horse racing sport.

As a result, the NFT horse derivatives will likely explode in price once the NFT collection is minted and the platform fully launches.

Disclaimer – The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.



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