The past two years have seen the popularity of non-fungible tokens of NFTs rise through the roof in the crypto space. In the simplest terms, NFTs are digital tokens that facilitate the tokenization of anything from an image file, music or even a tweet. It is “non-fungible” as each token is unique and cannot be exchanged for something exactly alike.
Currently, there are a multitude of NFTs for sale in the crypto market, with thousands of new projects being launched daily. Their popularity has led them to be added to almost every major cryptocurrency exchange in the market. One such exchange is Singapore-based BitYard, Singapore-based which provides trading services in more than 150 countries. It has more than 30 cryptocurrencies up for listing including a large selection of NFTs.
For newcomers in this space, it may get pretty difficult to evaluate NFTs as an investment. Luckily we’ve prepared a list of NFTs you can invest in 2022 after careful consideration and analysis. All of the tokens mentioned below are available at BitYard.
Launched back in July 2020, Decentraland has entered the NFT space for quite some time now. The main Decentraland platform allows users to participate in a decentralized virtual reality that is built on top of the Ethereum blockchain. It will allow Decentraland users to buy and develop virtual land plots, create a virtual avatar and trade in the digital collectables they create.
The Decentraland platform was the site of the sale of plots of land in 2021, each of which was being sold for up to $2.43 million. Decentraland alone accounted for a total sale of $15.53 million in the last week of November alone. As of 14/01/2022, MANA is valued at $2.91 with a fully diluted market cap of $6,402,233,492.
My Neighbour Alive (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. The main game is centred around the world of Alice, featuring a string of islands that anyone can buy and develop plots of land on it.
In-game assets in My Neighbour Alice are NFTs which vary according to rarity. There are some items available in a limited edition and there is a maximum fixed supply of land. The project allows users to create their items and specify the number of copies of the item that can exist. As of 14/01/2022, ALICE is valued at $10.71 with a fully diluted market cap of $1,071,354,614.
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 an NFT. The items can be anything from rare trading cards, collectable memorabilia and virtual assets used in video games. WAX’s expansive network certifies and authenticates digital goods using its blockchain. It has become one of the most popular NFT exchanges, with entire collections being sold out.
WAXP is the native token on the platform. It is an Ethereum-based ERC-20 governance token that needs to be burned to convert the token to WAXE which is an ERC20 utility token. As of 14/01/2022, WAXP is valued at $0.4044 with a fully diluted market cap of $1,535,005,858.
Axie Infinity is a popular blockchain-based game that features an open-ended, massively flexible gameplay. Players have the opportunity to collect different digital pets known as Axies, which can then be raised, battled and traded throughout the year in its ever-expanding ecosystem. The game borrows its concept from the world-famous Pokemon game series.
The Axie Infinity ecosystem uses two main tokens – Axie Infinity Shards (AXS) and Smooth Love Potions (formerly Small Love Potion) (SLP). AXS tokens are the native governance tokens that can be used to decide how the ecosystem fund is allocated and spent. As of 14/01/2022, AXS is valued at $73.94 with a fully diluted market cap of $19,964,665,546.
The Sandbox project was launched by Pixowl in 2011. It is a blockchain-based virtual world where users can buy, build and sell digital assets in a game format. The project combines the positive aspects of both non-fungible tokens and decentralized autonomous organizations(DAO). By implementing a “play-to-earn” model, the platform allows users to be both gamers as well as creators.
SAND is the utility token of the platform which facilitates transactions. It is an ERC-20 utility token with a finite supply of 3,000,000,000 SAND. As of 14/01/2022, SAND is valued at $4.81 with a market cap of $14,415,154,466.
As we enter the NFT space in 2022, we can expect many new names to pop up and offer something enticing for cryptocurrency investors. While it’s not always easy to determine what makes an NFT project a great investment, the above 5 projects are promising and provide a lucrative investment opportunity for interested investors.
Where to buy:
You can buy all above potential coins in one-stop crypto exchange – BitYard.
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