10 Best NFT Projects You Should Know
Are you an NFT lover? You might need to know about these 10 NFT projects.
What is NFT?
The term NFTs stands for Non-Fungible tokens. It is similar to cryptocurrency or crypto tokens. The significant aspect differentiating NFT from bitcoin or other crypto is its uniqueness, and it is non-fungible while cryptocurrencies are fungible. If you still feel like being stuck on this point, and you cannot understand what is non-fungible? How it plays a vital role in the uniqueness of NFTs? Let’s try to know how NFT is a non-fungible token.
How is NFT non-fungible?
NFTs are Non-fungible because you cannot buy one thing by paying the same thing. For example, you can buy one crypto coin for another same type of coin. But NFTs are unique kinds of digital assets where you can purchase digital assets (photo, videos, gif files, etc.) by paying the requested amount or anything that the owner wants you to pay for his NFT token.
What can be a NFTs token?
NFTs tokens are your digital assets in the form of art, music, or it can be anything that is posted on the NFTs platform, and you own it because you created it, e.g., the pictures of your art, video, or Gif on NFT marketplaces. The point of confusion is where to go and find friendly NFT projects to invest in. Let’s jump into the ten best NFT projects that you should know.
10 best NFT projects:
1- SuperRare:
It was formed in 2017, it operates only on ERC-721, and it is one edited digital artwork. The best feature or service that SuperRare provides with Ethereum blockchain is its transparency; the platform has a mechanism to protect your digital assets from forgery. This platform will only charge you a small percentage of commission to post/upload your artwork. SuperRare has an excellent trading reach, which almost hits $7.5 million, above 12 000 pieces of digital art have been sold by now.
2- CryptoPunks:
This is one of the leading, famous and valuable projects of NTF. CryptoPunk is considered the future hub of NFTs. It allows users to trade openly with proof of ownership stored on the Ethereum blockchain. This process facilitates owners and buyers. The owner can quickly transfer ownership to the buyer, and the buyer can buy the right of the token without limitations. CryptoPunks is developing a decentralized digital art marketplace.
3- The SandBox:
Another best contributing project in NFT is SandBox; the website defines itself as a community-driven marketplace where people can monetize voxel assets. VoxEdit facilitates the creation of digital art, animated art. Also, it provides an opportunity to sell this art worldwide.
4- Pascal Boyart:
The pascal Boyart has sold more than 400 ETH. You can predict from the name; this is a boy who creates fantastic digital art pieces and sells them in the form of fragments on the NFTs platform. And he is the first who got featured in the digital Museum of Crypto art. This boy is also collecting digital art pieces from street persons and sells them in NFT tokens. This person itself is a tiny NFT project that collects and sells digital artwork.
5- Lil Moon Rockets:
This project is a bit different from other NFT projects that are spoken of above. The above-given projects run on Ethereum Blockchain; Lil Moon Rocket is an NFT project that runs on the Binance chain. Lil Moon Rocket has its own ‘blind auction’ design to keep blind other competitors and managers from purchasing the most loveable and desirable artwork. When the contract is signed between buyer and owner, all artwork is revealed. Its name clarifies it works on rocket speed.
6- Rarible:
It is an NFT marketplace; Alexei Falin developed it in January 2020. This platform assists users to create, sell and buy digital artwork. Users can begin the process by uploading their artwork on the platform in the video, picture, or gif.
7- Decentraland:
Decentraland also works on Ethereum blockchain; it is a platform that decentralizes the digital world through NFTs. This site provides options for both fungible and non-fungible tokens.
8- Ethereum Name Services:
Ethereum Foundation established this platform in May 2017, works on the Ethereum blockchainEthereum Name Services is leading in the NFT market. It has a volume of 7119 ETH and above 32000 owners.
9- Cryptokitties:
It is a game that allows you to have a non-fungible token. Each unique digital token symbolizes a digital cat on the blockchain. Cryptokitties was the very first NFT, but it was undervalued till 2017. Players breed their digital cats and resell them to get revenue.
10- Sorare:
It is also a virtual game that authorizes players to buy, sell and manage soccer teams with digital cards; these cards are non-fungible tokens. The cards sell and buy mechanism is the same as other NFT tokens.
The NFTs are highly famous and desired in the market only in a short period of their solid foundation. NFT is moving to a partnership with other main surging sectors to blow further success in the digital world.
