If you are considering buying some new NFTs for several ETH, this article will show you why BudBlockz NFTs might be a better investment than Azuki NFT and Mutant Ape. NFT cycles are closely tied to the overall crypto market. As the overall crypto market has been in a bearish cycle over the past couple of months, most NFTs have followed suit. As a result, some NFT collections have lost over 90% of their previous floor price. But times like these provide great opportunities to get early access to NFTs like BudBlockz in a trending market.
How to Buy the Best NFTs
Before we compare BudBlockz NFTs with Azuki and Mutant Ape, let us first look at how to buy the best NFTs. Most successful NFT collections fall under one of two categories: they either have real-life use cases or are hyped up because of their creator or underlying brand. So, when looking for the best NFTs to invest in long-term, it is always recommended to find a collection that falls under one of those categories. And the best thing about bear markets is that it allows you to buy blue chip NFTs at a discount or find new gems and profit from low prices as one of the first investors. To buy an NFT, you can mint it on the project’s homepage or can buy it on a secondary market like Opensea.
Azuki NFT
Azuki is a blue chips NFT. It is a collection of 10k unique avatars that give you access to the Garden, which is a metaverse. As an Azuki holder, you also receive access to exclusive drops and experiences.
After launching in early 2022, their floor price quickly rose to over 30 ETH. It then fell to about 9 ETH and is slowly rising again. At the time of writing, the cheapest Azuki sold for 11 ETH. So, while you can get one of those avatars at a discount, you still have to pay about $15,000 to get one single NFT.
Mutant Ape NFT
Mutant Ape NFTs are also considered blue chip NFTs that have been around for over a year. They have been airdropped to every Bored Ape Yacht Club NFT holder, as they could only be created by exposing a Bored Ape to the Mutant Serum. Bored Apes are among the most well-known NFTs, where one single Ape sold for millions of dollars. Naturally, this collection of 20k Mutant Apes also got a lot of attention. After the airdrop in August 2021, the floor rose to over 40 ETH in May 2022. Since then, the floor price has decreased consistently and is now at 13 ETH. So, for one Mutant Ape, you have to pay even more than an Azuki, and there is no guarantee that this is the bottom.
BudBlockz – the Best NFT to Buy Right Now
BudBlockz is the first e-commerce marketplace for the cannabis industry. As such, it is one of the early movers in a promising industry that has only just been opened up. BudBlockz will also be releasing its own NFTs called Ganja Guruz. The good thing about Ganja Guruz NFTs is that they are not just hyped up because of a famous creator of the brand. They have a real-life use case. As a BudBlockz NFT holder, you receive access to fractionalized ownership of the whole cannabis trading industry, which is estimated to grow to about $176b in the next decade. Along with that, you also profit from membership bonuses and discounts. And unlike very expensive blue chip NFTs, you can now get early access to mint an NFT when they go live.
Conclusion
Blue chip NFTs like Azuki or Mutant Ape Yacht Club can be a good long-term investment. However, you never know if they will recover once the bear market is over. Therefore, investing in a trending and growing industry like the cannabis market with BudBlockz NFTs is safer.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
