The launch of the Ethereum blockchain in 2015 led to the creation of numerous NFTs through the use of its standards — ERC-721 and ERC-1155 — which allowed for the creation of non-fungible digital assets. The list of NFTs created included pricey NFTs, popularly regarded as "The Main NFT Collection," popular on the list are; Crypto Punks, BAYC, Decentraland, Crypto Kitties, Art blocks, Meebits, Axie Infinity, and NBA Top Shots among others.
Several factors are responsible for the dominance of these NFTs in the NFT market, top among them is innovation, which is the mother of all creations.
However, understanding the uniqueness and distinctions between these digital assets is very important and is the primary focus of this article, which seeks to explain the reason for their high price and increasing demand.