One of the most floating terminologies on the cloud is NFT. Most people are new to the word NFT, but it is worth drooling over. Apart from everything, let’s get straight to what NFT is! Is the hype for real? Why is it storming on the Internet? Why invest in NFT? And what is the best place to invest in NFTs?
NFT refers to the term Non-fungible Tokens. These are the digital tokens. Their blockchains can verify the authenticity. These fungible tokens are like trading cards; exchangeable but not replaceable. Digital buyers and sellers of every kind are available. NFT trade volume in 2020 was $12,000,000 whereas 2021 shows $500,000,000 trade volume.
Investing in the NFT business can prove to be extremely profitable. It creates value for the tokenized assets. The owner’s content remains integrated, reducing the risk of content being duplicated. New owners selling their NFTs receive royalties by setting smart contracts during NFT development. Therefore, NFT businesses have superiority over other physical businesses and can prove to be the best if invested by the new investors.
The top 10 best NFTs to Invest in 2021 are mentioned below.
Virtual Reality Land
Developing real estate never disappoints. Non- fungible tokens can be invested in buying and selling virtual land. Virtual Reality Land enables to hold the ownership of digital land that is accessible through the blockchain connections. Virtual reality VR and augmented reality AR technologies can prove to be the king of virtual land in the coming times.
In many ways, the land can be monetized. Monetizing ways includes the creation of amusement parks, NFT museums, casinos, etc. Seeking from the investment point of view, this land can be bought to sell in the near future to earn a profit. Crypto investors can rake it in a lot of modes.
Decentraland and The SandBox are also the two most strong virtual reality ecosystems that can be looked upon to be invested.
CryptoPunks’ significance is shown by the fact that it was the first-ever non-fungible token project made based on the Ethereum blockchain. This NFT creates ownership of a one-of-a-kind pixel avatar.
It has series of 10,000 images on the Ethereum blockchain. These images are known as Punks. Punks can be distinguished into Human Punks and many more like Alien Punks, Ape Punks, or Zombie Punks. Auctions are made, and these punks are sold at the approximate rate of $8,000,000.
Bored Ape Yacht Club
It is similar to CryptoPunks. This NFT investment deals with online avatars. This project features many cartoon apes. The crypto environment allows Bored Ape Yacht Club to be versatile. The bidding for these avatars never goes below the line.
It is one of the fastest-growing NFTs, which can lead to an intensive investment. In no time, the ETH rate went extremely high. Around a month ago, one ape would cost ETH, whereas now, the cheapest ape costs around 6 ETH.
Rarible – RARI COIN
The Internet is full of NFT investments enabling the favor of art. Digital artwork has a remarkable demand in the NFT marketplace.
Rarible is one of the known art business platforms. Its amateurish and adolescent photography content makes it different from other virtual arts. It does not include extravagant nudity stuff. Taco Bell -Original Artwork is one of the best NFT businesses to invest in.
Enjin Coin (ENJ)
Enjin Coin investment is also likely to be advantageous. It provides ease to the business in the market and brands to use non-fungible tokens.
It is a smart cryptocurrency for gaming. Blockchain gaming products are connected. Chatting, hosting, and designing sites are the major functions of Enjin network players.
OpenSea is the biggest marketplace in terms of size. It includes lazy minting of NFT. It has around 50 categories of businesses to be invested in. Buying and selling of digital art and game development is the main focus of OpenSea.
Business investment in OpenSea is best for beginners because it may allow the users to navigate the NFT format.
NBA Top Shot
National Basketball Association (NBA) brings NFTs into the mainstream. Memorable game moments and clips are available at NBA Too Shot. The prices keep shaking depending on the rarity of the content.
This platform has been created on Flow blockchain rather than Ethereum blockchain. In 2021, this NFT investment seems to have quite handsomely profited.
CryptoKitties is another unique type of NFT investment. Digital cat is the basic asset of CryptoKitties. It is a blockchain game created by a Canadian studio, Dapper Labs. The reason for this platform is to gain pleasure and recreational satisfaction. Investing in such NFT businesses can be profitable enough in any era.
This NFT investment is quite interesting because of its unique meme-creating factor. In 2021, meme hype is real, and no one can neglect that. These Penguin characters are used everywhere on the Internet.
It includes 8,888 randomly generated Penguins on the Ethereum blockchain. These Pudgy Penguins create a population known as The Huddle. Pudgy Penguins are famous for eating fish and too many fish and generating legendary memes in the crypto world.
Worldwide Asset eXchange (WAX)
WAX allows the decentralized NFT trade. It is a carbon-neutral blockchain. Worldwide Asset eXchange (WAX) has the trade which is peer-to-peer in the crypto marketplace. Worldwide Asset eXchange (WAX) tokens can be exchanged by several other platforms like Huobi, Bittrex, and Bancor Network. WAX is based on the Ethereum blockchain and provides liquidity to the tokens.
Therefore, WAX investment is one of the safest and most convenient way of buying, selling, and digital trading content like gaming and other NFT content.
The digital ecosystem game is extremely strong at the moment, referring to the year 2021. The above provided NFT business options were based on basic business fundamentals. Platforms are prioritized based on benefits, offerings, customer service, security, and user experience. Any one of these NFT marketplaces can become the next hit for investors.
Do not forget to do self-study and analysis before investing your hard-earned money.