Sales of non-fungible tokens (NFT) grew in 2021 and jumped to all-time highs. In total, they amounted to $ 15.57 million last year, according to data from NonFungible.com
NFTs are tokens that operate on smart blockchain contracts and represent digital or physical assets. They can be used to authenticate works of art, create collector’s value in a limited edition, or represent characters from game universes.
The cost of an irreplaceable token can range from a few dollars to millions of dollars. The most expensive collection up to date is called Merge by artist Pac, who sold more than 300,000 pieces in 48 hours in December for a total of $ 91.8 million.
One way to make money from NFT is to invest in cryptocurrencies and tokens used for popular collections. Here are some of biggest NFT tokens by capitalization:
Decentraland is a virtual world or metaverse, where users interact through augmented reality and the Internet. In it, plots of land are sold as NFT, which provides proof of ownership. The owners of these lands can create concert stages, hotels, casinos, and other places and then sell access to events.
The MANA cryptocurrency is based on the Ethereum ERC-20 token used in Decentraland. Owners use it to purchase virtual space and other meta-universal assets, as well as to participate in management.
The platform attracted large investments. Barbados government became the first nation to open an embassy in its metaverse in November, while in December its Tokens.com subsidiary, Metaverse Group, bought the most expensive virtual property to date, paying $ 2.4 million for space in Decentraland, which it intends to use for digital fashion shows and e-commerce.
According to CoinMarketcap, the digital currency ranks 31st in terms of $ 4 billion in capitalization. At the time of writing this post, its price is $2,55
The Sandbox (SAND)
The Sandbox is a virtual world where users can earn money by playing in it. Players can create NFTs, known as ASSETS, and integrate them into games using Sandbox Game Maker. They can also sell them on the special market for trading on the platform.
Users of this metauniverse can also buy land, which they can then populate with games and characters. SAND is a useful token based on the ERC-20 Ethereum used in The Sandbox. It can be won as a prize in various games and then used to customize avatars or purchase equipment, thus improving the gameplay of the participants.
The crypto ranks 38th in the MarketCap, with $ 3.2 billion in capitalization. The Sandbox price at the moment is $3,88
Theta Network (THETA)
Theta launched NFT in January 2021 as part of its strategy to become a leading blockchain network for the media and entertainment industry. It has expanded from a video and computer data delivery platform to offering decentralized storage of digital assets, with a focus on video-on-demand, irreplaceable tokens, and other digital collectibles.
Theta Network has long-term relationships with partners who are now building NFT on the blockchain, including giving irreplaceable tokens as part of live experiences and prizes for fans. In June 2021, singer Katy Perry acquired a stake in developer Theta Labs and in December released her first collection of this type on the web.
THETA ranks 43rd in terms of capitalization, with $ 2.8 billion. The value of the token at the moment is $ 2.88.
Axie Infinity (AXS)
Axie Infinity has become one of the most popular play-to-earn meta-universe games, in which players receive tokens as rewards for their gameplay and can exchange them for other currencies on the stock exchanges. Players collect, trade, and fight NFT characters known as Axies.
The platform is built on the Ethereum blockchain, but as the game grew in popularity, the Sky Mavis development team built the Ronin sidechain chain to make transactions, reduce fees, and speed up the processing time.
Axie Infinity has two cryptocurrencies – Axie Infinity shards (AXS) and smooth love potion (SLP). The second is used to grow new Axies, while the first is the main control token
The AXS digital asset is the 44th largest, with a $ 2.8 billion capitalization.
Tezos is one of the open-source blockchains that support NFT and its XTZ coin has gained great value as the network has attracted prominent partners in the field of indispensable tokens. Its price rose after the network was updated in early October, reaching a high of $ 9.18.
Just a month ago, game publisher Ubisoft announced it would enter the NFT market with Tezos. The Rarible marketplace is also integrated with the cryptocurrency blockchain.
According to CoinMarketcap, the digital currency ranks 46th in terms of capitalization with $ 2.5 billion.
Enjin Coin (ENJ)
Do you want to possess one of the first NFT gaming tokens? Enjin has unquestionably been the market leader in the NFT gaming field since its inception in 2017. Prior to it, they were a hugely successful game firm.
The company behind Enjin is based in Singapore and works with companies to implement their own solutions on the Enjin platform.
NFT gaming objects may be injected with Enjin Coin. You may really melt down the item back into Enjin Coin if you no longer desire it.
Its market capitalization is over 1.5 billion according to CoinMarketCap. The coin price at the time of writing is $1,79
It is important to bear in mind that this is only an informative article, and in no way should it be considered financial advice. You are responsible for your own financial decisions!