BAYC NFTs fall to 8-month low – New NFT projects are shaping the future of the industry

The hype around Bored Ape Yacht Club (BAYC) NFTs seems to have cooled down and it is evident by the floor price continuing to fall. The platform’s native token, ApeCoin, has also struggled to make higher lows, with its current price down 81% from its all-time high set in April 2022.

But that has not been the fate of all NFT projects. Some have flourished due to use cases and developments that have made investments and returns more favorable.

NFT projects on the rise

Let’s take a closer look at popular NFT projects that are setting a new trend in this ecosystem.

1. Lucky Block

Investors want multiple income streams from their investments, which Lucky Block offers. Lucky Block is an NFT competition platform that enables investors to win big prizes by holding Lucky Block NFTs. Some of the main prizes on offer are $1 million in Bitcoin, a house worth $1 million, a Lamborghini and video game consoles like PS5s.

To get started, investors must purchase LBLOCK, the platform’s native token. The great thing about this new NFT project is that it is constantly looking for ways to improve the ecosystem and make it easier for investors to receive rewards.

An important development in Lucky Block has been LBLOCK V2. It is an ERC20 token that has resulted in listings on a few major exchanges, allowing investors to avoid paying taxes when buying or selling it. Some of the exchanges that have listed Lucky Block are LBank, MEXC and a listing on Gate.io scheduled for September 1, 2022.

LBLOCK has provided investors who have held the coin since its inception with huge capital gains. And what has helped the price to pump are new IPOs. So the soon to be listed on Gate.io will definitely give LBLOCK more exposure and may result in a price increase as this is an NFT and a crypto project.

Visit Lucky Block Site

2. Tamadog

Another new NFT project that has made a buzz in the crypto space is Tamadoge. It is a platform that enables investors to earn in multiple ways while entertaining themselves. This money-making game allows players to feed, train and breed digital pets to compete for the highest ranking on the leaderboard.

Players who have taken care of their pets the best receive the biggest rewards, which can be exchanged for other currencies. Tamadoge is also continuously working on developing its platform, and some of the next phases of the project include a P2E arcade that should make player and pet interactions more realistic.

While the game takes place in the Tamaverse, its native token, TAMA, has already generated huge interest among investors. The coin is currently in the pre-sale stage, which has raised almost $7 million in a few weeks. Due to the popularity of the coin, it is already on its way to a listing on a centralized exchange LBank. And the decentralized listing will be on Uniswap.

TAMA’s increased exposure could result in a higher demand for the coin and eventually lead to a price pump. But another factor makes this coin and the upcoming NFT game different from many others. TAMA is a deflationary coin with a supply of 2 billion tokens. The platform plans to burn 5% of all tokens used on the platform, thereby significantly reducing the supply over time.

Cryptocurrency projects like Dogecoin have more coins added to their supply, but Tamadoge aims to make the coin more scarce, so investors will rush to get their hands on it, and that should push TAMA’s price up.

Considering Tamadoge is currently in pre-sale, the best time to get in is right now. The prices offered for TAMA are discounted and may never be seen again. Investors can stay updated with this project by subscribing to the Tamadoge Telegram channel.

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3. Quint

Quint is a platform that enables investors to benefit in multiple ways by investing in this crypto project. Some of the offerings include a super staking platform, an NFT marketplace, and a Quint Shop, which gives Quint token holders exclusive access.

One of the ways Quint enables investors to make money with crypto is with its super staking platform. Investors can earn rewards and luxury prizes such as watches and exotic vacations. The staking pool allows investors to lock in their Quint tokens to receive an annual percentage return, like cars together.

Quint’s staking platform also offers investors to get a piece of real estate. Investors can get a share of shared ownership luxury properties by investing in Quint’s DeFi ecosystem.

Its NFT marketplace is for connoisseurs who want custom NFTs designed by creators who have a flair for luxury pieces and understand the importance of installing NFTs in token frames.

Investors holding Quint tokens and NFTs can access the Quint Shop to purchase items. The Quint community can also use the store to bid on limited edition Quint items via the auction facility.

Visit Quint now

4. Silk

Silks is the ideal platform for horse lovers. The best thing about this NFT ecosystem is that it combines the real world with the digital one. The platform’s developers wanted to incorporate the births of real thoroughbreds into the virtual realm, so they created Silks.

This money making game uses public data from real thoroughbreds and connects it to NFTs. It also tracks the horse’s progress to ensure that progress is also reflected in the game. This cool NFT project ensures that investors earn token rewards when a real horse wins races.

Players can also earn rewards in several ways. One of the ways is by breeding horses. Another way is to build up their lands and turn them into horse farms. Players can also earn Silk’s governance token, SLK, by contributing to the ecosystem.

It is also possible for players to monetize their land to earn rewards. Players can buy and trade horses to build a stable of racing champions.

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The verdict

Although all four NFT platforms provide use cases and rewards, we found Lucky Block to be the best NFT project. Holders of the Lucky Block token can participate in contests to win big prizes, but they can also profit from LBLOCK’s capital gains.

LBLOCK had massive price pumps, giving investors more than 10 times during IPOs. Considering the Gate.io listing is scheduled for any day now, LBLOCK may have another price pump as it gains more exposure.