Non-fungible tokens (NFTs) have exploded onto the blockchain scene in 2021, with cryptocurrency enthusiasts and investors rushing to get involved in this booming market. So, what are the most interesting NFT ideas that are gaining popularity?
Here is our selection of NFT projects to know.
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Enjin
Enjin was founded in 2009 to develop a gaming network. In 2016, it launched the Enjin Coin (ENJ) and began developing a purpose-built blockchain ecosystem for NFTs. In 2018, Enjin announced one of the world’s first gaming multiverses, and it now has over 40 game developers using its platforms to create games.
Enjin has become an ecosystem of integrated digital products for trading and monetizing games. Developers can use the Enjin Coin to tokenize game items on the Ethereum blockchain. In March 2021, Enjin Coin had the highest market cap of any NFT.
0xcert
0xcert is a blockchain application programming interface (API) gateway that allows developers to build decentralized applications using NFTs as well as fungible tokens. Its framework aims to simplify the process of issuing NFTs on the blockchain to reduce development time.
Worldwide Asset Exchange (WAX)
WAX is a decentralized peer-to-peer marketplace for trading NFTs. WAX uses the Delegated Proof of Stake (DPoS) consensus algorithm to maintain security. Developers can build decentralized apps, games, and marketplaces on the platform.
The WAX token is based on Ethereum, and users can earn rewards by staking their tokens to provide liquidity. The WAX token can also be traded on several exchanges, including Huobi, Bittrex, and Bancor Network. The crypto token can be stored in any Ethereum compatible wallet.
Top-rated NFTs, such as those by deadmau5, William Shatner and Topps, have launched on the WAX platform, where assets continue to trade on the secondary market.
OpenSea
Founded in 2017, OpenSea is the largest decentralized NFT marketplace. It lists over 50 rare asset classes to trade, including digital art and domain names as one example among many. The platform allows developers to create marketplaces for their digital assets on Ethereum and interoperable standards such as ERC721 or ERC1155 and earn a commission on secondary items. Game developers can create customizable storefronts to automatically trade collectables.
NBA Top Shot
The National Basketball Association (NBA) has launched, together with Dapper Labs, an officially licensed blockchain application for trading collectables. The app is built on the Flow blockchain rather than Ethereum. Top Shot NFTs contain video clips of memorable gameplay moments and include player stats as well as NFT trade history information. Limited packs of NFTs are released weekly, with prices depending on their rarity.
Codex Protocol
Codex is a blockchain-secured decentralized securities registry for verification of genuine NFTs. NFT creators can create a digital record for a collectable that then travels with it, so potential buyers can verify its authenticity by checking its identity and ownership history on the Codex Viewer. Collectors are thus assured of buying authentic products.
Sorare
Sorare is a fantasy football game platform under the blockchain. A French company that is a hit in France but also around the world. The object of the game is to acquire NFT cards of football players and build a collection to compose the best team to face other opponents on the platform.
Since launching in beta at the end of 2019, Sorare has seen remarkable growth. Over $150 million in sales volume has been traded on the platform so far this year, with 600,000 registered users on the platform from over 170 countries.
To conclude, this list of NFT projects is not investment advice but an idea of interesting NFT projects to watch today and in the future. Note that it is always important to study each project before investing.