NFT tokens are a significant factor in blockchain technology. You can consider 2021 as an incredible year for the NFT marketplace as this sector made approx. $41 billion in global market revenue. So no wonder the trajectory set for the following years for this sector enables many opportunities for traders, developers, investors, artists, collectors, etc.
However, millions of NFTs are available in the marketplace, and hundreds more keep releasing them every day. So it is mandatory to cut the noise and choose the best NFT crypto projects to generate an attractive income. This article will introduce you to the top five NFT crypto projects worth funding.
What makes a good NFT project?
NFT refers to “non-fungible token” where “non-fungible” means not replicable, a unique digital asset like digital fingerprints, and the uniqueness means own value for each project. Meanwhile, the “token” refers to proof of ownership of any specific NFT. Several factors play an essential role in the success of NFT projects, such as:
- Community
A passionate and healthy community behind any NFT project plays a significant role in the success of that project.
- Utility
It is another major factor as it increases the adoption rate and usability of that project and makes it successful.
- Revenue and ownership rights
Some NFTs provide their users’ revenues alongside ownership rights. These assets can turn into securities in the future.
The top five NFT crypto projects to fund and earn
The top five NFT tokens and collectibles are:
- The Sandbox (SAND)
- Decendraland (MANA)
- Theta Network (THETA)
- Axie Infinity (AXS)
- Tezos (XTZ)
The Sandbox (SAND)
What is the Sandbox?
It is a blockchain-based community that owns a virtual world. This platform’s primary mission is to introduce blockchain technology in mainstream gaming successfully. The native token of this platform SAND is floating near 3.541 today with a 24-H trading volume of $801,665,275.
- Fully diluted market cap: $10,627,592,898
- Live market cap: $3,857,620,576
- Circulating supply: 1.09B SAND
- Total supply: 3,000,000,000 SAND
- Max supply: 3,000,000,000 SAND
- Volume / market cap: 0.2054
How does SAND work?
This platform focuses on a play-to-earn model that allows users to be both gamers and creators simultaneously. In other words, the Sandbox will enable users to build, trade, create digital assets in the form of a game.
Decendraland (MANA)
What is Decentraland?
It is a blockchain-based virtual reality platform powered by Ethereum blockchain. The launching period of this platform is 2017, and ICO was $24 million. Ariel Meilich and Esteban Ordano are the co founders of Decentraland. The native token of this platform, MANA, is floating near $2.89 today with a 24-H trading volume of $769,735,077.
- Fully diluted market cap: $6,451,302,292
- Live market cap: $5,294,006,569
- Circulating supply: 1.83B MANA
- Total supply: 2,193,835,427 MANA
- Max supply: Not available
- Volume / market cap: 0.1406
How does MANA work?
Decentraland uses two tokens: MANA and LAND. ERC-20 token MANA requires burning when you want to acquire non-fungible ERC-721 LAND tokens. You can also use MANA tokens for wearables, a range of avatars, names, and other in-game items in the Decentraland marketplace. This platform allows users to monetize, experience, and create applications and content.
Theta Network (THETA)
What is Theta network?
It is a blockchain-based decentralized video streaming platform. The launching period of this platform is Mar 2019. The native token of this platform, THETA, is floating near $3.233 today with a 24-H trading volume of $252,046,119.
- Fully diluted market cap: $3,233,440,011
- Live market cap: $3,233,569,977
- Circulating supply: 1.00B THETA
- Total supply: 1,000,000,000 THETA
- Max supply: 1,000,000,000 THETA
- Volume / market cap: 0.07786
How does THETA work?
Many developers say this platform aims to shake up the video streaming industry, which involves centralized, high costs, poor infrastructure, etc. This platform allows users and content creators to generate income for streaming on a P2P basis.
Axie Infinity (AXS)
What is Axie Infinity?
It is a blockchain-based battling game and trading platform. Players partially operate and own this platform. The creation period of the Axie Infinity platform is 2018, and Aleksander Larsen and Trung Nguyen are the co-founders of this platform. The native token of this platform, AXS, is floating near $55.15 today with a 24-H trading volume of $338,969,081.
- Fully diluted market cap: $14,891,793,823
- Live market cap: $3,359,340,490
- Circulating supply: 60,907,500.00 AXS
- Total supply: 270,000,000 AXS
- Max supply: 270,000,000 AXS
- Volume / Market Cap: 0.1015
How does AXS work?
This gaming platform Axie Infinity is inspired by other popular games like Tamagotchi and Pokémon. This game allows users to breed, raise, battle, trade, and collect token-based creature Axies. These creatures can take various forms, and more than 500 body parts are available on this platform, including birds, beasts, birds, plants, etc.
Tezos (XTZ)
What is Tezos?
It is a blockchain-based smart contract platform that is different from Ethereum. The native token of this platform XTZ is floating near $3.547 today with a 24-H trading volume of $89,887,512.
- Fully diluted market cap: $3,238,269,292
- Live market cap: $3,122,536,067
- Circulating supply: 878,547,999.41 XTZ
- Total supply: 906,662,687 XTZ
- Max supply: not available
- Volume / market cap: 0.02855
How does XTZ work?
Tezos uses liquid proof-of-stake focus on filling the gap between decentralization and security. This platform allows participants to involve with the network’s governance through “baking,” which requires efficiently stake 8000 XTZ.
Pros & cons
| Pros | Cons |
|
|
|
|
|
|
Final thought
NFTs are exciting creations and gaining more attention day by day. This sector is full of potentiality but still is on an early stage. The most exciting thing is this sector allows users to participate in different ways to earn real cash.
