Original title: 5 Undervalued Ethereum NFTs
Original author: William M. Peaster
Original source: bankless
Translated by: Kate, Mars Finance
Ethereum NFTs may be seriously undervalued!
With the specter of Blur mining no longer a thing of the past, the recent bearish run on Ethereum NFTs may have bottomed out and a significant rebound could soon be in the cards.
Sure, major collectibles like CryptoPunks, Pudgy Penguins, and Miladys would likely sell well in a reversal like this, but what about lesser-known gems that might also be severely mispriced today?
When I look around the ecosystem, some of the smaller projects currently stand out to me as major contenders because they are noteworthy digital artifacts.
Let’s highlight these items and talk about why they’re important!
1) 0 xmons
Creator: 0xmons
Current floor price: 0.42 ETH
Named after its creator and first released in December 2020, 0xmons are digital collectible pixel monsters whose animations are created using Generative Adversarial Network (GAN) technology.
Using machine learning in this way, 0xmons was one of the early pioneering AI art projects in the crypto scene, and for this reason I suspect it will continue to thrive as an AI collectible.
2) Avastar
Creator: nft42
Current floor price: 0.013 ETH
In the history books of NFTs, Avastars is the first Profile Picture (PFP) project on Ethereum to pioneer a system that stores all of its characteristics completely on-chain.
This technology has inspired dozens of other on-chain series since Avastars launched in February 2020, so this significant impact coupled with the lowest prices truly obtainable right now makes me think that now is a great time to buy these PFPs.
3) CrypToadz
Creator: Gremplin
Current floor price: 0.25 ETH
Gremplin is one of the most talented and iconic “one of us” in crypto, and his September 2021 10k PFP series CrypToadz was an iconic anthem that perfectly encapsulated the vibe of the previous NFT bull run.
I choose to live in a world where artists like Gremplin get the respect they deserve, so I just choose to believe that CrypToadz should be trading above 0.25 ETH. Hypothetically in 5 years, as more and more people follow in his footsteps, I think they will be trading higher than they are now.
4) Mutant Garden Seeder
Creator: Harm van den Dorpel
Current floor price: 1.07 ETH
In my opinion, one of the most outstanding art collections in NFTs in 2021 is Mutant Garden Seeder by artist Harm van den Dorpel. In short, each of the 512 pieces in the collection dynamically evolves as Ethereum block hashes pass, making it a truly compelling exploration of living art and digital creatures.
Having said all that, I think the price of 1 ETH is too low for this level of collecting, and as new collectors become aware of Harm’s pieces, I wouldn’t be surprised to see these pieces trading for 4 ETH again in a few years.
5) Terraforms
Creator: Mathcastles
Current floor price: 0.54 ETH
https://youtu.be/U2xTl5pPHwk
If you read my recent Terraforms guide, it should come as no surprise that I think this project is one of the most underrated in the Ethereum NFT space. Launched in December 2021, Terraforms is a 20-story virtual "supercastle" whose packages evolve over time through its smart contract code.
As a pioneer in runtime art, Terraforms stands out for being fully on-chain, continuously dynamically generated, and highly composable. I consider any collectibles below the 1 ETH floor price to be a complete steal, as I believe these pieces will stand the test of time thanks to their artistic significance.