Our picks for the top 3 NFT coins are here.
The growth of the NFT market during 2021 was exponential, with more investors than ever capitalizing on the trend of owning digital art. Although the NFT gold rush has slowed down in 2022, the industry has still presented several opportunities for investors to grab significant market shares.
NFT coins are any cryptocurrency tokens that maintain the ecosystems of NFTs. With this in mind, this guide will discuss the best 3 NFT coins you can’t afford to miss in detail, reviewing the top digital assets on the market.
Decentraland (MANA)
If you’re looking for the best NFT coin to buy within the ‘metaverse’, then Decentraland is worth considering. It is an open-world blockchain-based play-to-earn crypto game in which users can create in-game avatars and purchase plots of land. The intriguing thing is that these plots of land are structured as NFTs – meaning they can be traded with other users and monetized. This has made Decentraland home to many of the most popular NFT games.
The Decentraland world is hosted on the Ethereum blockchain, although it uses MANA instead of ETH as its native currency. Thanks to the rise in popularity of the metaverse concept, Decentraland’s in-game items have become incredibly popular, with ‘land parcels’ being highly sought after. Users can purchase these land parcels through the Decentraland Marketplace or OpenSea – with one piece of land going for nearly $50,000!
The platform uses NFTs, unique and easily tradable digital assets stored on the blockchain. For example, there are 90,000 plots of land in the game, each represented by an NFT. This has been a major selling point of Decentraland because you can become a virtual real-estate mogul by buying cheap land NFTs and selling them for profit. Users can even drive the value of their land up by adding improvements like artwork or fun activities.
By using crypto exchanges, investors can purchase MANA and use it to buy in-game items. Aside from land parcels, investors can also purchase art, apparel, weapons, and more. Ultimately, as Decentraland’s world expands and gains appeal, these NFTs could rise in value – making MANA one of the top 3 NFT coins you can't afford to miss.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Sandbox (SAND)
As a blockchain-based virtual gaming platform, The Sandbox (SAND) seeks to provide users with an impressive gaming experience by providing NFTs with a programmable landscape.
Aside from giving players different options to build and transfer value to other communities., SAND also uses a rudimentary Ethereum blockchain explorer to enable users to easily confirm the scarcity, history, and capabilities of in-game assets in The Sandbox.
The project combines the popularity of NFTs with a programmable landscape to create a more immersive gaming experience for users. The play-to-earn approach adopted by The Sandbox blurs the lines between gaming and building towards financial freedom. Users traverse The Sandbox Metaverse for opportunities and virtual land.
To ensure financial freedom among users, The Sandbox has taken the gaming industry to another level by encouraging the play-to-earn strategy. With this, users earn as they play games and get rewarded with SAND in The Sandbox Metaverse.
While serving as a community-driven project, the platform merges decentralized autonomous organization (DAO) with a non-fungible token (NFT) to give a user-friendly experience. In this regard, SAND holders can put in their requests for upgrades. The more coins and NFTs you have, the more authority you hold in the ecosystem.
The Sandbox’s value has recorded a high-value increase in the last year. With rising interest in the metaverse, its value is likely to rise much higher, making it one of the top 3 NFT coins you cannot afford to miss.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Mushe (XMU)
Mushe Token (XMU) is a new crypto in the market. It maintains P2P communications as well as governance. With these kinds of interactions, it helps sustain its community by offering good liquidity.
The main aim of this token is to help blockchain technology become widely accepted by those who are new to crypto. In addition, the plan is to build a social channel for users to get all the information they need.
Mushe Token (XMU) is built on the ERC-20 network but has clearly defined its plans to switch over to the Stellar (XML) network later in the year. This switch is because of the cheap transaction fees and quality scalability the network offers.
Mushe Token (XMU) decentralized applications are set to be created to help users leverage many technological advancements with which they will solve their problems. Users of this crypto will also get massive rewards by doing pretty basic things, including displaying good ethical behavior and showing good initiatives.
The market flow will be increased by the numerous schemes Mushe Token (XMU) is planning. Another quick bonus for the users is the ability to transact swiftly with other users (sellers/buyers) on a different level. Moreover, these international transactions can be completed with relative ease and with non-existent transaction fees compared to the huge fees seen in the exchange market. These factors make XMU one of the top 3 NFT coins you cannot afford to miss.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Bottom Line
Investors wanting to expand their portfolio by getting into NFTs or cryptocurrencies should learn the distinctions between the two and know that both are more or less in their infancy phase. But as things are progressing, metaverse and web 3.0 are gaining traction. So the chances of digital assets going out of fashion are very highly unlikely.
You can consider investing in these 3 top NFT coins for long-term growth and returns.
Read More:
How To Buy Decentraland (MANA)
What Are NFTs? A Guide For Investors
What Are The Best NFTs To Buy?
The Top 10 NFT Protocols And Tokens
Top 10 Metaverse Cryptocurrencies That Are Set To Explode