7 Best NFT Collections To Watch In 2024

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NFT collections are making waves in the fast-moving world of digital collectibles. While many NFTs come and go, some offer lasting value for those who are looking for more than just a quick profit.

Highly-valuable NFTs provide not only perks to users in the Web3 world but also real-life connections, and tangible benefits to global communities. Looking ahead to 2024 and beyond, we’ve picked out 7 of the coolest and most promising NFT collections you should consider investing in.

Top 7 Best NFT Collections To Watch in 2024

  1. Pudgy Penguins
  2. Pizza Ninjas
  3. Runestones
  4. Azuki
  5. Milady
  6. Crypto Punks
  7. Mad Lads
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1. Pudgy Penguins

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Pudgy Penguins is a charming NFT collection of 8,888 penguins on the Ethereum blockchain, launched by college students in July 2021 and sold for $2.5 million in April 2022 by Luca Netz. Known for their adorable, meme-able design featuring a variety of headwear, clothing, and accessories, these “pengus” have captured the hearts of the NFT community and mainstream audiences alike. This has led to a strong community and a significant presence across platforms, including over one million Instagram followers, thanks to daily affirmations and uplifting content.

Unlike typical NFT projects featuring outlandish designs, Pudgy Penguins opts for a friendly and relatable NFT marketing strategy that resonates with both Web3 enthusiasts and non-Web3 users. On Instagram alone, Pudgy Penguins has attracted more than one million followers. How? Through cutesy, relatable content such as daily affirmations, inspirational messages, and other sentimental posts.

Their influence extends into the physical world, with merchandise like plushies and collectibles available at major retailers such as Walmart, Amazon, and Toys R Us. These products often include codes for redeemable digital characters in a virtual world, enhancing their appeal.

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With a market capitalization of 94,310 ETH and a floor price of 11.22741 ETH, owning a Pudgy Penguin offers exclusive perks such as invitations to top NFT events, member shoutouts, and more. This strategic blend of digital and physical presence, coupled with a strong community, positions Pudgy Penguins as a leading project transcending the NFT space into mainstream popularity.

2. Pizza Ninjas

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This 1,500-piece NFT collection is far from ordinary art pieces; it is a dazzling creation designed by the iconic artist Boozy.btc and inscribed on Rare Pizza Satoshis. Featuring an unprecedented 2000×2000 pixel resolution, these are the first Ordinals to achieve such detail on Bitcoin. Each piece also dynamically alters its traits based on Bitcoin’s block height, adding a layer of interactivity and uniqueness.

Beyond their visual appeal, each Ninja integrates sophisticated JavaScript applications, incorporating advanced web technologies that allow for customization, animation, and even gameplay, thanks to an on-chain SNES emulator. This groundbreaking approach sets a new standard in programmable art, transforming these Ninjas into more than just digital art—they are “Art as an Application” (AaaA), heralding a new wave of creativity in digital art.

Ownership of a Ninja PFP also serves as an entry pass to the elite Ninjalerts alpha group—a hub for active traders featuring extensive blockchain analytics and premier alert software. So, owning a Ninja offers not just a stunning piece of art but also exclusive access to expert trading insights and a top-tier network in the crypto world.

3. Runestones

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Runestone is an experimental project initiated by Leonidas, the founder of Ordinals. With the airdrop completed in mid-March, Runestone has achieved amazing results. The snapshot for the Runestone project was taken at block height 826,600, which marks the first anniversary of the birth of the Ordinals. This initiative aims to incentivize and reward early supporters who have contributed to the Ordinals ecosystem.

There are two key pieces to the Runestones project: the Runestones Ordinal and the Runestones Token.

The Runestones Ordinal, with over 110,000 unique parent-child inscriptions, has significant differences from traditional NFTs. Compared to the common total supply of 10,000 in NFT projects, its issuance is ten times higher. However, by supporting open-source algorithms, community-driven projects, fair airdrops, and rewarding early supporters, Runestone aims to disrupt the traditional NFT market and establish a more fair and open ecosystem.

More importantly, the Runestone Ordinal is to serve as a placeholder for the launch of a Runes Token. The creation of this token will utilize Runes, a new fungible token protocol developed by Ordinals creator Casey Rodarmor. Runes will offer a more efficient alternative to the BRC-20 token standard and is set to launch after the fourth Bitcoin halving (occurring at block 840,000, known as the 4th Bitcoin Halving), to allow for more seamless transactions and swaps.

This Bitcoin NFT collection is available on Magic Eden and OKX. The collection currently has a market cap of over $300 million and is the leading collection on Bitcoin.

4. Azuki

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Despite recent challenges in the crypto market, one NFT collection is rewriting the narrative of success. Azuki, a collection on the Ethereum blockchain, has achieved remarkable sales totaling $1.13 million, setting new records in the NFT space.

Azuki is an anime-inspired NFT collection created by digital brand Chiru Labs, a Web3 studio. With 10,000 unique digital avatars made up of varied attributes, Azukis stand out for their kawaii (cute) aesthetic mixed with dystopian science-fiction themes. 

Since its mint in January 2022, Azuki has seen tremendous growth, with a current market capital of $141 million (64,020 ETH) and a staggering floor price of $14,100, placing it among the top ten NFT collections. Azuki owners gain membership access to THE GARDEN – a developing metaverse for brand events and experiences.

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Additionally, the Azuki team collaborates with top NFT influencers, high-profile artists, fashion labels, musicians, and athletes on innovative digital and physical activations. With a strong narrative and a dedicated following, Azuki represents not just a collection of digital art but a burgeoning subculture in the NFT world. Its consistent growth in market capital highlights its standing as a solid investment.

5. Milady

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In the fast-paced NFT world, the Milady Maker, an NFT project on the Ethereum blockchain, initially seemed like a small, whimsical venture. Launched in 2021, it is described as “generative PFP NFTs in a neochibi aesthetic inspired by street style tribes,” Milady Maker is an exclusive collection of 10,000 anime-inspired PFP NFTs designed by the project’s co-founder, the pseudonymous “Charlotte Fang.” Milady stands out for its viral meme popularity on Twitter.

These NFTs feature cute anime-style girls sporting various outfits. First, the collection went viral with its Milday meme coin on Twitter. Its popularity continues with derivative expansions and themed accessories like hats and shirts. Each Milady has a “drip score”, indicating rarity and style. 

Since its March 2021 launch, Milady has seen tremendous organic growth, with a current market capital of 29,240 ETH and a staggering floor price of 3 ETH. Millady offers its holders a vibrant community experience, including Milady VRtube avatars, city raves, bootleg merch, and a custom Minecraft metaverse.

Thanks to a community of big DeFi chads, holding Milady NFT might grant you a big crypto airdrop. On April 2, Ethena Labs included holders of the NFT series Milady Maker in their first airdrop, with 0.2% of the total token supply distributed. This is another good reason for you to consider adding Milady on your NFT watchlist.

6. Crypto Punks 

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CryptoPunks, developed by Larva Labs in 2017, has grown to become a well-known and successful NFT collection. There are only 10,000 CryptoPunks available. Therefore, they can be considered scarce assets. CryptoPunks are individualized, with various combinations of characteristics such as hairstyles, beard styles, and accessories.

CryptoPunks, one of the earliest and most established NFT projects, was launched in 2017. Having helped pave the way for the explosion of NFTs in recent years, it has become a staple of the NFT community. CryptoPunks are an iconic representation of the emergence and growth of digital art and collectibles, making ownership a symbol of involvement in the early stages of NFTs.

Overall, CryptoPunks is a noteworthy NFT project because of its restricted quantity, collectible and tradable attributes, iconic designs, and status in the NFT sector. It has become a valuable and prestigious asset to own in the NFT world and has helped pave the way for the explosion of NFTs in recent years.

7. Mad Lads

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Mad Lads, renowned for its vibrant digital art, is a blue-chip NFT collection on the Solana blockchain, featuring unique characters each with their own story. Supported by the web3 developer Coral, each NFT in the Mad Lads collection is minted at 3 SOL and boasts innovative features like executable code, making them the first “xNFTs” of their kind.

The collection’s popularity surged in December 2023, with the floor price hitting 221 SOL, about $7,100, driven by Solana’s growing appeal and robust secondary market sales. With a market capital of 1.8 million SOL and a floor price of 180 SOL as of its last update, Mad Lads continues to captivate NFT enthusiasts. Why? Being a leading NFT collection on Solana, Mad Lads has solidified its reputation as an airdrop magnet in the Solana ecosystem.

The recent series of airdrops for Mad Lad holders began with Pyth Network distributing $3,600 worth of $PYTH tokens, followed by Dymension giving $4,400 in $DYM tokens. The largest airdrop from Wormhole offered $27,000+ in $W tokens. This showcases Mad Lad holders as a significant and engaged group within the Solana ecosystem. Mad Lads is now not just an NFT collection, but a key player in the Solana ecosystem to attract more project interest.

Looking ahead, Coral plans to expand Mad Lads’ utility by enhancing its interoperability with games, metaverses, and apps through its advanced smart contract capabilities. This forward-thinking approach positions Mad Lads not just as a collection of NFTs but as a gateway to a broader range of web3 integrations, promising significant future development within its ecosystem.

Conclusion

Here are our top picks for the 7 best NFT collections to put on your watchlist in 2024. These top NFT collections range from art that brings people together, to tokens that open up new virtual realities, to advanced contracts that offer more uses. Each project highlights the broad potential and innovative nature of NFTs.

Keep in mind, though, that while our research shows promising prospects, investing in NFTs carries risks and requires continuous monitoring. The world of crypto can be unpredictable, with significant ups and downs. If you’re considering getting involved, make sure to do thorough research and proceed with caution.

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