Over the past year or so we’ve seen some slight maturation in the NFT space. Older NFT projects are starting to grow their ecosystems, which has led to the creation of a few NFT cryptos. For the most part, these native cryptos act as a currency within their respective community. They also sometimes come with ownership rights and voting power.
Right now, the market cap for NFT cryptos is around $33 billion. The global market cap for all cryptos is closer to $2 trillion. This means that NFT cryptos make up under 2% of the total crypto market. It’s safe to say that this space is still very, very young. As such, many of these projects and coins are still a little bit obscure, which makes them risky. However, there are five projects that are actually starting to gain real traction. These projects are very legitimate and definitely worth keeping an eye on in you’re interested in the NFT space. With that said, let’s examine the only NFT cryptos that are worth buying (ranked in order!). NFT Cryptos
No. 5 The Sandbox Game
The Sandbox Game is currently one of the top metaverse projects. It is mainly a game, however, it also lets players buy plots of land as well as customize their avatars. These land plots are NFTs minted on the blockchain, which allows for true ownership of the digital land. For this reason, The Sandbox Game has gained momentum in the investment community.
This metaverse has raised $93 million in funding led by SoftBank. It also partners with Snoop Dogg, DeadMau5, Atari, Adidas, and more. The Sandbox metaverse is powered by SAND , which currently has a market cap of $3.5 billion. If it continues to raise money at this rate, there’s a good chance that it could be one of the top NFT cryptos to own in the coming years. No. 4 Theta Network
There are two main reasons that Theta is one of the top NFT cryptos to buy. First, Theta Network is tackling a massive need in the market. Second, it has an elite team of managers and advisors.
Theta Network is a decentralized peer-to-peer video and entertainment blockchain. It will be able to offer improved video delivery at lower costs. This solves the very expensive problem of delivering high-quality video to remote parts of the world. Theta could potentially be the future of video streaming on the internet.
This project was founded by Steve Chen, who is no stranger to disrupting the video industry. Back in 2005, Steve co-founded YouTube, which changed the way that people watch videos. Now, he feels that the industry is ripe for another evolution. He believes that Theta Network is that evolution. Sometimes with investing, you don’t need to be the smartest person in the room. You just need to follow what the smartest people are doing.
So far, Theta Network has raised money from over 20 investors. Additionally, its advisory board includes top talent from companies like Twitch, Verizon, Microsoft, and YouTube (Chen). Theta currently has a market cap of $3.5 billion. No. 3 Decentraland (MANA)
Decentraland is another one of the top metaverse projects. It operates less like a game and more like a digital world. Users can hang out in Decentraland, attend virtual events, and buy stuff. In fact “buying stuff” is a central selling point of Decentraland. This metaverse portrays itself as “the virtual destination for digital assets.” It allows users to buy and sell digital land, estates and wearables for their avatar.
MANA is the token that lets you participate in Decentraland. If you own it, you’ll also be able to vote on key decisions about the future of the community.
The biggest selling point for MANA is that many people consider Decentraland as one of the top metaverse projects. As new consumers and investors enter the space, it will be one of the most obvious starting points. It basically has a slight first-mover advantage. This is incredibly powerful in entirely new industries like the metaverse.
If the defi space starts to become more popular, MANA could become one of the top NFT cryptos to own. MANA currently has a market cap of $4.4 billion. No. 2 Axie Infinity (AXS)
Axie Infinity is sort of a blockchain version of Pokemon. Users can roam this virtual world with the goal of collecting, training and battling ”Axies” (digital monsters). However, there is one major fact that separates Axie from other metaverse projects (and Pokemon for that matter). Axie Infinity rewards its users […]
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