The past two years have witnessed a rapid and exponential growth and popularity of non-fungible tokens. The NFT tokens facilitate the tokenization of anything from an image file, music, or even a tweet. NFTs are quite unique and cannot be exchanged for something exactly alike. There is a multitude of NFT cryptocurrencies available in the market for sale, with thousands of new projects being launched daily. Their popularity has led them to almost every major crypto exchange in the market. Even though the development of the NFT cryptocurrency domain is still in its nascent stage, it is quite obvious that the top NFT cryptocurrencies are already dominating the crypto market. It is expected that the year 2022, will witness several brands participate in the NFT market, including Budweiser, Adidas, and others. With the rising growth of profitable NFT cryptocurrencies, the trading volume, asset liquidity, and the number of new users will continue to expand for the market. The Web 3.0 infrastructure is also predicted to enhance the growth of NFTs. In this article, we have mentioned some of the top NFT cryptos to buy in 2022.
Decentraland ranks as one of the top NFT cryptocurrencies to invest in right now. MANA is also one of the largest NFT cryptocurrencies by market cap. Based on the Ethereum network, Decentraland offers 3D virtual plots of lands secured with ERC-721 tokens called LAND. Subsequently, this virtual real estate can be leased or outrightly sold by the owner for significant gains on the Decentraland marketplace.
Axie Infinity is a top NFT cryptocurrency to invest in February 2022. AXS is focused on building a strong appeal in gaming. Axie Infinity is also considered as the holy grail in the NFT community due to the partial ownership that the players enjoy by utilizing the Axie protocol. The asset has continued to work on its protocol's scalability and cost-efficiency and recently released its Ronin protocol- a layer-two protocol.
The Sandbox is another NFT cryptocurrency to invest in as the crypto ecosystem witnesses widespread adoption. Another top contender for the new metaverse sub-sector is the Sandbox NFT that is focusing on revolutionizing the gaming industry by allowing the creation, sharing, and monetization of in-game assets. For the past couple of months, the SAND token has risen immensely.
The Theta Network blockchain is another top cryptocurrency to invest in long for a long-term investment. The Theta Network aims to revolutionize content and video streaming services. It also allows the users to share their bandwidth and computing resources in a peer-to-peer format. Theta's decentralized nature makes it easy to stream video while cutting through centralized control.
The Tezos blockchain team promises a more robust blockchain experience for users as it is more scalable, energy-efficient, and inexpensive. Tezos' appeal lies in its auto-upgradable software, one of the first in the blockchain ecosystem. The Tezos team states that the protocol is future-oriented, making it easy to scale without needing to perform a network hard fork.
Enjin Coin has real-world applications and is also laser-focused on the gaming industry. Besides focusing on revolutionzing the gaming space by driving up a player-driven economy, the NFT token also enables the tokenization and subsequent transfer of in-game assets across several platforms. This Ethereum-based network is currently planning on expanding into the heterogeneous network called Polkadot to avoid the high gas fees accompanied by the ETH network.
My Neighbour Alice is a blockchain-based multiplayer building game that presents itself through a fun, player-driven storyline filled with blockchain-powered features. The game's storyline provides an ideal outlet for social interaction and creativity among users.
WAX or Worldwide Asset Exchange is a decentralized exchange that works as a reliable and fair marketplace where users can exchange virtual goods tokenized as NFTs. Its expansive network certifies and authenticates digital goods using its blockchain. It has also become one of the most popular NFT exchanges, with the entire collection being sold out in no time.
Flow is a fast, decentralized, and developer-friendly blockchain, that is designed to be the foundation for a new generation of games, apps, and digital assets that can power the rest of the virtual products. Flow is a layer-one blockchain originally created by a team that has consistently delivered great consumer blockchain experiences to the users.
Chiliz is the leading digital currency for sports and entertainment. The platform operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favourite sports brands. Fan tokens are also given away by this platform to unlock new revenue streams.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.