Top 10 NFT Projects You Should Consider Right Now
Non-fungible tokens, or NFTs, have taken over the crypto industry from the moment they emerged as a trend. But unlike most trends, they didn’t disappear in a few months. Instead, they became even stronger, especially since the emergence of the metaverse, and began to rely heavily on NFTs.
Even today, the focus on the NFT sector is massive, with new projects popping up all the time while the existing ones continue to grow and develop. So if you want to invest in one or more projects in this sector, here are some of our best suggestions for you to consider.
1. Flow
First on our list is flow, which is a fast, decentralized, developer-friendly project that is among the highest-rated NFT projects out there. It is an L1 blockchain created by the team that developed CryptoKitties, NBA Top Shot, Dapper Wallet and other successful projects.
It has a native token, also called FLOW, and the ecosystem is specifically designed for mainstream adoption. This is also the only blockchain that builds usability improvements into the protocol layer. All this, and more, makes it a great blockchain for launching NFT projects and collections, giving FLOW additional use cases, and suggesting the excellent chance for the token’s price to grow.
To learn more visit our Investing in FLOW guide.
2. Chillies
Next we have Chiliz, which is a leading digital currency for sports and entertainment. Created by a FinTech provider from Malta, it operates the sports entertainment platform Socios, which allows sports brands to connect more directly with fans. Of course, this means that the project can also offer NFTs related to sporting goods, giving fans real ownership of it, as well as various collectibles and the like.
Chiliz has already attracted a number of big brands that now have a presence on its platform, and will undoubtedly onboard even more of them over time.
To learn more visit our Investing in Chiliz guide.
3. STEP
In third place we have STEPN. This is a project that uses NFTs to sell digital sneakers to users, and those who buy them and then go out for a run or walk will have their steps measured and generate digital currencies through mileage. The project’s aim is to combine fitness and finance, and so far it has done a far better job than any project that has tried it before.
It encourages users to get out and walk and run, and it even provides incentives in the form of digital currency, which is why we expect the project to see some popularity going forward.
To learn more visit our Investing in STEPN guide.
4. Enjin coin
Fourth on our list is a project called Enjin Coin, created by a company called Enjin that offers an ecosystem of interconnected, blockchain-based gaming products. Enjin allows game developers to use NFTs and tokenize in-game items, giving users real ownership of all the items they purchase.
Meanwhile, its native coin, ENJ, has a variety of use cases, such as ensuring transparency and scarcity, adding backup value to blockchain assets, providing utility in apps and games, and more.
To learn more visit our Investing in Enjin guide.
5. CEEK VR
Halfway down the list we have CEEK VR, which is Ethereum based crypto that combines NFTs, metaverse and DeFi elements to provide an ecosystem for music artist, sports and content creators of all kinds. It allows them to connect directly with their fans in a virtual world and gives fans the ability to gain true ownership of digital objects that will cross multiple digital reality environments.
CEEK has already achieved some world class partnerships including top artists such as U2, Lady Gaga, Bon Jovi, Ziggy Marley, Sting and more. It also patented its own VR headset that allows users to attend live performances in the metaverse.
To learn more visit our Investing in CEEK VR guide.
6. Decentralized country
The sixth on our list is Decentraland, which is one of the oldest and most developed NFT and metaverse projects. Decentraland allows users to purchase digital land in their virtual world, and users can do so simply by purchasing an NFT. Once they own the land, they can use it to run an online business, develop software or games, and even host digital events, meetings, parties, and more.
Decentraland was already used by some large projects and organizations, with the most notable example being the Australian Open, which hosted events in its metaverse back in January of this year.
To learn more visit our Investing in Decentraland guide.
7. Nervos Network
Furthermore, we have a project called Nervos Network, which describes itself as an open source public blockchain ecosystem and collection of protocols. It has a Layer 1, PoW public blockchain protocol Nervos CKB, and it uses it to allow all crypto assets to be stored with the complete security, immutability and permissionless nature of Bitcoin itself.
Meanwhile, the project enables smart contracts and L2 scaling, which means it is scalable enough and fully capable of developing non-fungible tokens.
To learn more visit our Investing in Nervos Network guide.
8. Gala
In 8th place we have Gala Games, which is a project that aims to take the entire gaming industry in a completely new direction. The project believes that players no longer get what they paid for while purchasing games because they no longer own physical copies of games. And while digital copies are more convenient, they can also be taken from them with the click of a button.
Gala plans to use NFTs to give players real ownership of both games and in-game items that they purchase. By doing so, it wants to empower players and ensure that no one will ever be able to take away what they paid for.
To learn more visit our Gala Game Investing guide.
9. Ultra
Towards the end of the list we have Ultra – a publishing platform and ecosystem for video games and video game content. The project wants to remove the current monopoly that publishing platforms such as steam hold and provide new gaming opportunities for players, game developers and influencers.
Players can benefit from instantly playable games, they can earn UOS by using the platform, and they can own all the in-game items that they purchase thanks to the fact that they are sold in the form of NFTs.
To learn more visit our Investing in Ultra guide.
10. DeRace
Finally, we have DeRace, which describes itself as an NFT horse racing ecosystem that uses NFT horses with unique properties to give ownership of them to players and to bring the element of gambling to the blockchain gaming sector. Players can even build and own entire hippodromes and use them to host races and turn it into quite a profitable business.
In doing so, DeRace will disrupt no less than three multi-billion dollar industries, including the gaming, betting and racing industries. There is a huge opportunity here and DeRace plans to use it and bring fairness, transparency and other blockchain qualities to this way of playing games.
To learn more visit our Investing in DeRace guide.
Conclusion
Just like any other blockchain asset, the fate of NFTs is unknown to anyone. Even the short-term predictions are mostly guesswork, as anything can happen at any time and even the smallest events can have a big impact on prices. But from everything we’ve seen so far, we’re convinced that the NFT sector isn’t going anywhere. Although it cannot be called a safe investment, it is highly likely that many of these projects will survive and thrive for years to come.