Avax Party Animals: An NFT Project Like No Other

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Did you know that the NFT market grew to $41 billion in 2021? Without a doubt, emerging blockchain technology is widely accepted, but it’s not done evolving. 

The way we think about asset ownership is beginning to change, and some decentralized platforms are working on making it easier for everyone to get involved. 

The Avalanche platform is spearheading this change, and it’s clear that its NFT Avax Party Animals are finding huge success because of it.

Continue reading to learn more about Avax Party Animals and why the NFT collection is so successful.

What Are NFTs?

You’ll need to know about non-fungible tokens (NFTs) to understand what Avax Party Animals are. NFTs are digital assets that represent real-world items. From artwork to music to video game icons, people can buy digital ownership. 

NFTs are secured using blockchain technology. Ownership is written into the encrypted block and added to the blockchain, where it is virtually impossible to alter. Established on the Ethereum network, smart contracts ensure that the buyer of an NFT is the sole owner of that asset.

NFTs create digital scarcity, making a seemingly unlimited amount of digital space valuable. NFTs introduce a brand-new way of ownership, and people are on board. And the Avax Party Animals NFT is the hottest NFT in the market.

What Are Avax Party Animals?

Avax party animals are a collection of 10,000 NFTs that are established and traded on the Avalanche blockchain platform. This is a platform that changes the dApp environment with several enhanced aspects:

  • Incredibly quick transaction speeds
  • Thousands of validators
  • Proof-of-stake protection

Not only are Avalanche NFTs some of the safest on the market, but they are created quickly.

The NFT collection is based on the design of Avalanche’s unofficial mascot, Wolfie. The NFTs are hand-drawn and randomly given assets that affect their rarity. The rarity rankings range from common to legendary and affect the market price of a particular asset.

Why Are Avalanche Party Animals So Popular?

All 10,000 Avax Party Animals are minted on the first day of their release. It’s safe to say this collection is one of the most popular NFT collections on the market. And a big part of that has to do with the reward system. 

Early adopters earn 3% royalties on their assets, and an additional 2% royalties for the entire community. For those that got in at the beginning, their rewards are offsetting the cost of their initial investment.

If there was ever a time to consider investing in NFTs, it’s now. With the limited amount of digital assets available, these NFTs are jumping in price. While the majority of Avax Party Animals value at 20 AVAX (or $1320), those legendary creatures are going for as much as 350 AVAX.

More News on NFTs

Avax party animals are popular because of their security and ease of trade. For more updates on the state of these NFTs as well as news on the next up-and-coming NFT investments, check out our blog.

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