5 Popular NFT Cryptocurrency to Invest in 2022

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The speed at which mod­ern soci­ety is mov­ing with ever-increas­ing speed has caused a tremen­dous rise in dig­i­tal cur­ren­cies. It is just in recent years that cryp­tocur­ren­cies have begun to gain more trac­tion and are con­sid­ered an alter­na­tive to the tra­di­tion­al means of pay­ment. The wide range of cryp­tocur­ren­cies on the mar­ket today even allows for a diver­si­fi­ca­tion of investments.

How­ev­er, with the num­ber of cryp­tocur­ren­cies on the mar­ket appre­cia­bly grow­ing, choos­ing the best one to invest in can be con­fus­ing. Each cryp­tocur­ren­cy has its unique fea­tures, which could appeal to many users that may want cer­tain spe­cif­ic fea­tures. Here are some of the most pop­u­lar non-fun­gi­ble tokens (NFT) cryp­tocur­ren­cies that you can use in order to diver­si­fy your invest­ments. If you want to invest, then first learn all you can about the com­pa­ny behind the NFT. The web­site offers a unique oppor­tu­ni­ty for those who want to invest in NFT with­out hav­ing any tech­ni­cal knowledge.

Decen­tra­land: 

The Decen­tra­land token (MANA) on the Ethereum plat­form was used to finance the project’s sale in April 2018. The cryp­tocur­ren­cy sup­ports and accel­er­ates the decen­tral­ized sale of vir­tu­al land plots, called user-gen­er­at­ed and com­mu­ni­ty-con­trolled vir­tu­al worlds. As a non-fun­gi­ble token, each unit of MANA rep­re­sents a unique plot of land that can be pur­chased by users, who can access this land through their per­son­al smart devices such as mobile phones or tablets. Decen­tra­land sets its roadmap on the Ethereum blockchain, mak­ing it one of the only cryp­tocur­ren­cies direct­ly con­nect­ed to this blockchain. It boasts of a “user-friend­ly” approach, with an ele­gant and user-friend­ly inter­face that has a real-world feel. The platform’s price is quite sta­ble, exceed­ing the online real estate mar­ket by far in terms of traf­fic vol­ume and valuation.

Enjin Coin: 

Sim­i­lar to Decen­tra­land, Enjin Coin (ENJ) is an NFT-based cryp­tocur­ren­cy that allows its users to cre­ate, dis­trib­ute and man­age vir­tu­al goods. It is a unique plat­form which aims to enable social gam­ing and build­ing online com­mu­ni­ties. ENJ uses blockchain tech­nol­o­gy to give those who want it com­plete con­trol over their gam­ing assets. Users can even con­vert their gam­ing assets into trad­able items on the open mar­ket. The Enjin wal­let is designed to inte­grate with game servers and is also com­pat­i­ble with every game. Users can exchange ENJ tokens for items, ser­vices, or any oth­er dig­i­tal assets. For this rea­son, Enjin Coin is a good invest­ment alter­na­tive for those who wish to make a prof­it from their gam­ing assets.

The Sand­box:

NFTs were first intro­duced by The Sand­box Project, which cre­at­ed a cryp­tocur­ren­cy dis­tri­b­u­tion mod­el called “The Sand­box,” which would allow users to own 100% of the dig­i­tal assets. The Sand­box is based on sta­ble­coins and allows for any cryp­to- or fiat-based cur­ren­cies to be sent and received across the platform’s blockchain. These tokens are non-fun­gi­ble, and they pro­vide ran­dom­ized rules that change the behav­ior of each token. For exam­ple, two users may hold one coin, and both will receive dif­fer­ent rules that would change how the coin works. The Sand­box allows users to also sup­port the char­i­ty by pur­chas­ing tokens and donat­ing them to a spe­cif­ic char­i­ty. The com­pa­ny uses smart con­tracts to auto­mat­i­cal­ly dis­trib­ute har­vest­ed coins to the select­ed char­i­ties based on their record of sales. The tech­nol­o­gy behind The Sand­box is also a key con­sid­er­a­tion for many investors when look­ing to buy an NFT.

Axie Infin­i­ty: 

Axie Infin­i­ty game­play is cen­tered around the col­lec­tion and breed­ing of unique crea­tures called Axie. Axies come in a vari­ety of types, and there are many ways in which they can be col­lect­ed and trad­ed. Each Axie has unique char­ac­ter­is­tics like size, appear­ance, health, abil­i­ty, move­ment and etc. Once an Axie dies, it can­not be revived, but play­ers can clone the dead Axies by using a cloning machine. How­ev­er, this process is expen­sive and time-consuming.

The Axie Infin­i­ty token (AXI) is an ERC20 on the Ethereum plat­form that can be used for in-game pur­chas­es to pur­chase Axies and oth­er vir­tu­al goods. Axies are earned by cap­tur­ing Axies or obtain­ing them from oth­er play­ers via the trad­ing sys­tem of the game. In addi­tion to that, play­ers can also get AXI from par­tic­i­pat­ing in com­mu­ni­ty activ­i­ties. The AXI’s price is fair and sta­ble, mak­ing it a good invest­ment alter­na­tive for those who want to make a prof­it from their Axies.

Theta Net­work:

Theta Net­work is a decen­tral­ized and open-source blockchain-based plat­form that is designed to deliv­er high-qual­i­ty video streams at the low­est cost pos­si­ble. THETA has been designed very sim­i­lar­ly to Enjin Coin, with the main goal of enabling users to cre­ate and own dig­i­tal assets. Theta Network’s video stream­ing plat­form is based on a “live” video seg­men­ta­tion sys­tem, which can be split into small­er seg­ments so that users can effec­tive­ly watch unin­ter­rupt­ed streams. The Theta team has designed an inter­ac­tive con­tract sys­tem that allows users to earn THETA tokens while watch­ing videos. In addi­tion, it also enables the stream­ing com­pa­ny to receive a month­ly fee from the ser­vice at any time. The net­work will dis­trib­ute its funds among all streams in the net­work based on the total views and unique view­ers of each stream.

Con­clu­sion:

At the moment, there are many cryp­tocur­ren­cies on the mar­ket that pro­mote own­er­ship rights over dig­i­tal assets. Smart con­tracts can pro­vide edu­ca­tion­al and enter­tain­ment ser­vices, as well as be used to build vir­tu­al worlds and even cryp­tosys­tems. These sys­tems could be used in a vari­ety of ways, and it is not sur­pris­ing that so many peo­ple are inter­est­ed in these types of plat­forms. If you have an inter­est in gam­ing, then you may want to con­sid­er these NFT coins as a way to make mon­ey for yourself.


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