As a professional translator, I translate the news article into English using descriptive language while ensuring accuracy and coherence. I will retain proper nouns and include all
tags. Here is the translation:
Coinworld.com Report:
Author: William M. Peaster, Bankless; Translation: Deng Tong
With Blur no longer as bearish as before, the recently bearish Ethereum NFT scene may have hit bottom and could soon see a significant rebound.
Of course, in such a reversal, major collectibles like CryptoPunks, Pudgy Penguins, and Miladys may sell well, but what about those lesser-known gems that may be severely mispriced today?
As I survey the entire ecosystem, some smaller projects currently stand out to me as resurging major contenders because they are renowned digital products.
Let’s focus on these projects and discuss why they are important!
1) 0xmons
Creator: 0xmons
Current floor price: 0.42 ETH
Named after its creator, 0xmons was first released in December 2020 as a pixelated monster digital collectible whose animations are made using Generative Adversarial Networks (GAN) technology.
By utilizing machine learning in this manner, 0xmons is one of the early AI art projects in the cryptocurrency scene, so I suspect it will continue to evolve like AI collectibles.
2) Avastars
Creator: nft42
Current floor price: 0.013 ETH
In the history of NFTs, Avastars is known for being the first Profile Picture (PFP) project that pioneered storing all its features entirely on the Ethereum blockchain.
Since its launch in February 2020, Avastars has inspired dozens of other on-chain series, and with its significant impact and currently affordable floor price, I believe now is a good time to buy some PFPs.
3) CrypToadz
Creator: Gremplin
Current floor price: 0.25 ETH
Gremplin is one of the most talented and iconic “one of us” artists in the cryptocurrency space, and his 10k PFP series CrypToadz, released in September 2021, is an anthem that perfectly captures the atmosphere of the previous NFT bull market.
I choose to live in a world where artists like Gremplin receive the respect they deserve, so I simply choose to believe that the trading prices of CrypToadz should be higher than 0.25 ETH. Moreover, say, in 5 years, I believe their trading volume will be even higher as more people come to appreciate his art.
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 the 2021 NFTs is Harm van den Dorpel’s “Mutant Garden Seeder.” In short, each of the 512 pieces in the collection evolves dynamically with the Ethereum block’s hash value, making it a truly captivating exploration of life art and digital organisms.
That being said, I consider 1 ETH too low a price for such a level of collectibles, and with new collectors gaining an understanding of Harm’s work, I wouldn’t be surprised to see these pieces trading again at 4 ETH within a few years.
5) Terraforms
Creator: Mathcastles
Current floor price: 0.54 ETH
It’s no wonder that this project is considered one of the most underrated in the Ethereum NFT space if you have read my recent Terraforms guide. Launched in December 2021, Terraforms is a 20-level virtual “Hypercastle” where the plots evolve over time through its smart contract code.
As a pioneer of runtime art, Terraforms stands out with its fully on-chain, continuously dynamic generation, and high composability. Anything in this series priced below 1 ETH is outright theft in my opinion, as I believe these pieces will stand the test of time due to their artistic significance.