Although they grew to become mainstream over a 12 months in the past, non-fungible tokens are nonetheless all the craze proper now. However, in case you can’t splurge six figures on a CryptoPunk or a Bored Ape, you may nonetheless spend money on in style NFT cryptocurrency this February 2022.
Beneath, you will discover a number of the greatest NFT cash to spend money on in the present day and luxuriate in huge good points.
Axie Infinity (AXS)
AXS kicks off our record of in style NFT cryptocurrency to spend money on. The asset has come a great distance, thanks in no small half to the recognition of Axie Infinity/
Axie Infinity is a blockchain sport the place gamers breed digital pets – often known as Axies. Each participant will get to breed and develop their pets, and you ultimately battle them towards these of different gamers. The extra you win, the extra advantages you win.
Axie Infinity grew to become in style due to these Axies themselves. They’re NFTs, and you may commerce them with different gamers by way of the i-game Axie Infinity market. AXS acts because the native token for Axie Infinity, and it underpins the system, permitting holders to vote on developments and extra.
With Axie Infinity blowing up final 12 months, AXS was on a rocket ship. The platform is now on an enlargement play, and we count on AXS to continue to grow – particularly when the market flips totally bullish once more. In January, Axie Infinity launched its Builders Program, encouraging builders to hitch its group and construct in its universe.
The sport’s builders additionally lately launched a revamp of the AXS economics, lowering rewards for the platform’s Clean Love Potions (SLP) tokens and rising AXS-based incentives. The revamp appeared to spark a bullish pattern, with AXS rallying following the announcement.
If there’s one blockchain sport that might problem Axie Infinity proper now, it’s Decentraland. This platform features as an internet sport the place gamers purchase and develop land in a digital world. Gamers may also work together with one another, play video games, and customarily have interaction within the digital world, making Decentraland one of many crypto business’s greatest iterations of the metaverse.
MANA is Decentraland’s platform token. It’s used to buy LAND – NFTs that signify possession of land within the Decentraland universe. Contemplating its significance, it’s no surprise that MANA had an enormous 12 months after Decentraland took off in 2021.
This 12 months, it’s all been gravy for the Decentraland platform. It inked partnership offers with Samsung and the Australian Open, permitting each manufacturers to open digital occasions in its universe.
And the practice hasn’t stopped. Decentraland hosted the first-ever metaverse wedding ceremony this month, and banking large JP Morgan grew to become the primary financial institution to launch within the metaverse with the assistance of Decentraland simply this week.
We count on extra of those partnerships to come back, propelling Decentraland and MANA increased. In the event you’re an investor who understands and appreciates cash with long-term worth, Decentraland’s MANA token is a no brainer.
The Sandbox (SAND)
Whereas Decentraland seems to be the crypto business’s de facto metaverse platform, The Sandbox isn’t far behind. Its SAND token options on our record of in style NFT cryptocurrency to spend money on because the platform continues to develop in reputation and prominence.
The Sandbox is a play-to-earn sport that artfully combines decentralized finance (DeFi), blockchain expertise, and NFTs. It provides a digital world the place gamers can construct and customise their digital belongings and video games.
In The Sandbox, all digital items created will be bought as NFTs. The platform has a market, with its SAND token being the medium of alternate.
The Sandbox has already begun engaged on some lofty targets this 12 months. The platform introduced again in January that it’ll create a Mega Metropolis that pays homage to some cultural icons. As a part of the transfer, it has inked partnerships with a number of firms – together with asset administration agency TIMES CAPITAL and funding large Solar Hung Kai.
On the similar time, the platform has partnered with massive musical names like Snoop Dogg and Warner Music – the latter of which helps it to construct a musical theme park within the metaverse. Partnerships like these ought to make The Sandbox a serious participant within the leisure area. Nice information for SAND.
Whereas it isn’t as in style as the highest 3, Enjin holds an vital place within the crypto area. With the platform anticipating to develop considerably this 12 months, its ENJ token options on our record of in style NFT cryptocurrency to spend money on.
Enjin is an Ethereum-based software program that enables customers to create and handle digital items – notably NFTs. The service focuses on managing objects throughout a number of platforms, making certain that customers can have interaction with these things with out concern of fraud or excessive transaction charges.
Enjin grew to become particularly outstanding after funding platform eToro added it to MetaverseLife – a sensible portfolio monitoring belongings with deep roots in NFTs and the metaverse. Grayscale Investments additionally lately announced that it’d add ENJ to its funding merchandise. Cosigns from two of the most important names in crypto funding should undoubtedly assist ENJ’s case.
Theta Community (THETA)
Final however undoubtedly not the least on our in style NFT cryptocurrency to spend money on is THETA – the native token for the Theta Community. Right here, you have got a decentralized video supply system that provides a number of blockchain-based options for the standard video streaming panorama.
Theta provides high-quality video streaming at a fraction of the price that you just get with conventional video providers. It has efficiently tapped into the video streaming business, which is predicted to develop at a cumulative compound progress fee (CAGR) of 20.4% from 2020 to 2027.
Progress drivers for Theta Community are quite a few. Only a few days in the past, the platform partnered with Korean electronics large Samsung, which can permit the latter to launch commemorative NFTs on the previous. The drop is predicted to commemorate Samsung’s newest units – the s22 smartphone and s8 pill.
Two weeks in the past, Theta additionally partnered with Constructed Expertise – a public cloud service – to launch the latter’s merchandise. As anticipated, extra partnerships like these will solely solidify Theta’s place within the business.