WHICH NFT TOKEN SHOULD WE INVEST IN?
NFT Tokens have taken the digital world by storm. It’s a great pool to invest in. Choosing the right NFT token can be difficult and time-consuming. This article will brief you on the protocols of investing in the right NFT token.
Non-fungible tokens are digital assets that secure the substantiation of the owners to preserve their trademarks. It provides a succeeding development and nourishment to the investors by owning virtual lands, artwork, real estate, and other assets.
It ensures complete ownership as it can’t be bought in shares. All NFTs are distinct from one another, so each time a person exchanges his token/ card, he will get a whole new item. NFTs are fraud-proof, hence anyone can exchange their NFT without fearing any deception.
What are NFTs?
NFT or non-fungible token is a kind of ethereum blockchain. This token cannot be replaced by swapping. You’ll get a whole different thing/ item by exchanging your token/ card. You can sell and buy artworks such as painting, music, etc. Cryptokitties, for instance, is a more realistic version of the modern electronic non-fungible token (NFT), through which a user can buy and sell a digital “cat.” Therefore, each “cat” is one of a kind.
How to buy an NFT token?
Steps to buying an NFT token;
- You can use an ethereum network for transactions to buy NFT.
- A crypto wallet is a digital wallet/ account, where you can keep your cryptocurrency, like, Caizcoin. You’ll need this crypto wallet with ethereum.
- Choose a marketplace from where you want to buy your NFT token.
- Make an account in the preferred marketplace and connect it with your crypto wallet.
Popular NFT tokens to invest in:
This article contains a list of the most popular NFT protocols and tokens.
Coin 1 — Theta
Coin 2 — Decentraland
Coin 3 — Enjin
Coin 4- Chiliz
Coin 5 — Cryptokitties
Coin 6 — Cryptopunks
Coin 7 — Hashmasks
Coin 8 — Sorare
Coin 9 — Rarible
Coin 10 — Enjin Coin
Coin 11 — NIFTEX
Coin 12 — Digibyte
Coin 13 — The Sandbox
This list contains NFT coins, their price and their market cap;
- WAX (WAXP)
Price: $0.3, Market cap: $550 million
2. The Sandbox (SAND)
Price: $0.78, Market cap: $700 million
3. DigiByte (DGB)
Price: $0.04, Market cap: $734 million
4. Flow (FLOW)
Price: $13.58, Market cap: $4.1 billion
5. Decentraland (MANA)
Price: $0.78, Market cap: $1.4 billion
6. Enjin Coin (ENJ)
Price: $1.83, Market cap: $1.5 billion
7. Chiliz (CHZ)
Price: $0.3, Market cap: $1.9 billion
8. Theta (THETA)
Price: $6.70, Market cap: $6.6 billion
9. Tezos (XTZ)
Price: $6.56. Market cap: $5.6 billion
10. Axie Infinity (AXS)
Price: $126.09, Market cap: $7.6 billion
Here’s a list of some of the best marketplaces to invest in;
OpenSea is a global online marketplace for exchanging items and services based on distributed ledger technology. OpenSea is the world’s first and by far the largest person-to-person marketplace for crypto goods, such as collectables, video games, and other blockchain-backed virtual goods. A smart contract may be used by anybody on OpenSea to buy or sell these things.
Theta is a blockchain-based platform for decentralized online video and television distribution. In 2021, a new NFT shop called Theta Drop opened featuring digital relics from the World Poker Tour. Several crypto exchanges, including Binance, support Theta, tokens and NFTs purchased through them can be kept in a crypto wallet or Theta’s crypto wallet software.
On the Axie Marketplace, players may buy new Axies, whole territories, and other commodities with NFTs for use in the game.
Axie Infinity tokens are created on the Ethereum network. As a result, they may now be bought and sold on several other NFT marketplaces as well as other digital currencies like Coinbase Global.
This platform enables various sorts of producers, such as photographers and singers, to mint NFTs and sell them as digital goods. You’ll require Ethereum to purchase or sell NFTs on Mintable, which is backed by billionaire Mark Cuban. For ambitious NFT buyers and sellers, purchasing Ethereum from an exchange is required first, followed by connecting the crypto wallet to Mintable for trading and purchasing.
CryptoPunks/ Larva Labs
Larva Labs, the most recognized marketplace for the CryptoPunks NFT project, has seen some of its NFTs sell for millions of dollars. Autoglyphs, as well as other Ethereum-based application development endeavors, are among the company’s other digital art projects.
Above are some of the famous and best NFT coins to invest in. Investors can go through the above information to fabricate their minds to invest in the tokens. These coins can be accessed by the marketplaces shared earlier. These are some of the world’s best and reliable marketplaces known around the globe.
Should I invest in an NFT?
NFT market is a place where buyers, sellers, collectors, and artists rack up on a platform and interact with different, unorthodox, and innovative ideas. It’s a platform where the artists are more independent to sell their art as they don’t rely on art galleries etc.
The most expensive NFT ever sold was the art by Beeple’s Everyday: the First 5000 Days for $69.3 million.
One can use these cards for gambling and trading by exchanging their card with others and not knowing their worth.
The NFT market has bloomed in a short period. The market has made approximately $6.1 million NFT trades across six main NFT categories including art, games, and collectibles. It enhances producers to work independently and effectively in their respected fields of interest and acquire renown. It also allows collectors to claim ownership. They can also sell their collections, in terms of in-game goods and earn good fortune from it. NFTs have stood their ground in internet commerce by the number of benefits provided to the owner.
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