Print Friendly, PDF and Email

5 Popular NFT Cryptocurrencies to Invest in in 2022

NFT cryptocurrencies are starting to dominate the blockchain world. With more organizations looking to integrate NFTs into their business models, it’s no surprise that many newcomers are willing to jump to the ground level of what is sure to be a fast-growing industry.

We’ve compiled a list of 5 popular NFT cryptocurrencies you might want to invest in this year.

1. CryptoKits

The first NFT on our list is CryptoKitties. Despite being only a year old, the attention CryptoKitties has drawn during its short life is astounding. The gameplay is pretty simple: you can buy, sell or trade your crypto collections with other players for in-game currency.

You can also assemble crypto collections and create unique new ones. These new crypto collectibles feature a unique immutable genetic code that offers an element of collectible scarcity.

As you can imagine, the more successful the game, the more traffic it will receive and the higher its value.

2. Decentralized country

Decentraland has been getting excited in the crypto community for a while. The game is a multiplayer sandbox world where players can build and trade their own unique plots of land.

These packs are NFT and cannot be reproduced or retrieved after purchase. Decentraland is working with many other popular blockchain companies to use their virtual lands and currencies in future projects.

3. Chiliz

Chiliz is an NFT-based gaming platform launched by Malta-based Chiliz Limited. The company creates an ideal environment for gamers to get the latest games first and the ability to earn heavily in a rewards system.

Currently the Chiliz token (CHZ) is based on Ethereum, but will also be released on its own blockchain when the time comes.

4th Axis Infinity

Axie Infinity is a popular crypto-collectible cross game using an NFT platform. The game focuses on in-game collectible toys that can be run using Ethereum’s blockchain.

It was released in the summer of 2017 and has become quite popular. It is on its way to becoming the best blockchain-based game based on the latest statistics from crowdsales.

5. Enjin Coin

Enjin Coin (ENJ) is a blockchain-based gaming platform that uses its own cryptocurrency to access premium items, 3D models, and in-game digital assets.

Besides playing any game using Enjin Coin, users can also buy real-life items using the same currency. Enjin Coin is gaining a lot of attention as it releases its mobile apps of late.

But what are NFTs?

An NFT is a completely new type of cryptocurrency. Cryptocurrency usually comes in the form of a token, which can be described as a digital representation of some kind of asset.

An NFT token is not like bitcoins, which are few and stable, but instead exist as entries on the blockchain that are on multiple blockchains at the same time.

Not all NFTs can be mined and often require developers to develop some software in which they can generate their own tokens. The most popular and widely used platform for the creation of NFTs is Ethereum.

With NFTs, you can identify a set of intangible, collectible assets in data form. These assets can be anything like a song, in-game item, ownership share, or even voting on something.

The technology behind it is that it is possible to purchase these digital items in “crypto collectible” games or apps that use this type of blockchain technology. If you want long-term investments, NFT profit is the way to go.

Invest in NFT digital art

Buying art is another investment that has been around forever. Many people have done this and have made a good profit by buying artworks for a good price and then selling them for a higher price.

It’s worth remembering that the art market is worth billions of dollars, which means there’s a lot of money to be made in it. Buying digital art can be much more than just buying a painting or digital painting.

You can even buy the rights or even buy the right to have someone else play it or watch a video of your game. NFT technology has become a novelty in the blockchain world and it looks like we are only just beginning to see its full potential.

Invest in NFTs for the future

NFTs are a new and unexplored field of cryptocurrency. There are many different ways NFTs can be used, but they have never been fully explored.

Developers are likely to start using this technology for other types of applications, and we may see new industries develop as a result. If you’re looking to invest in the future and are interested in cutting-edge technology, NFTs may be an interesting option to look into.

Not yet fully discovered

As mentioned earlier, NFTs are still a relatively new innovation. They are easy to create and have a wide range of uses that developers have yet to fully explore. If you are looking for an investment that could become more valuable in the future, NFTs may be a good choice to look into.

As more people start using them in various ways, they could become as valuable as other cryptocurrencies on the market today.

Leave a Comment

Your email address will not be published.