Top 5 Upcoming NFT Collections to Buy

by James · November 7, 2022

The NFT world is full of innovations and creativity. Numerous NFT collections show good performance. This article is about top 5 upcoming NFT collections which can explode. Let’s take a look at it in more detail.

What are NFTs?

To understand what non-fungible tokens are, we must first disassemble the words that make them up:

Pivotable: this word represents a property that allows something to be replaced. A fungible dollar bill is one example because you can give it to someone else without changing its core or value.
Token: cryptocurrency tokens are cryptocurrency assets that do not have a monetary value. Loyalty points, for example, or ownership of something else… Think of it as a stock, but instead of ownership in a company, it can be owned in anything.

NFTs are digital ownership tokens that operate on blockchains that support smart contracts, such as Ethereum. Their non-fungibility is analogous to real contracts where you cannot exchange one contract for another because the “actual content” is different. The same is true for NFTs, which cannot be exchanged because their underlying “contract” changes with each one, resulting in their being unworkable.