NFTs Explained
NFTs (Non-Fungible Tokens) is a top investment choice today. That’s why NFTs have taken the internet by storm, just like cryptocurrencies such as Bitcoin and Ethereum.
NFTs are digital assets that run on the blockchain. The blockchain is also the same technology that powers cryptocurrency. It is a digital ledger of immutable records. The fact that NFTs run on the blockchain makes it difficult to duplicate or reproduce them. Thus, every NFT is unique and can only have one official owner at a time.
NFTs art is the most popular way of using NFTs. However, this does not mean that NFTs are restricted to representing artwork only. Instead, NFTs can represent audio, videos, fashion, and even real estate. Beeple is one of the top investors in NFTs, having sold one of his NFTs for $69 million. This has attracted so much attention to the NFTs art and most people now consider NFTs as one of the top investment opportunities.
NFTs are bought and sold on NFT marketplaces such as OpenSea. This is different from cryptocurrencies such as Bitcoin which are sold on crypto exchange platforms such as Coinbase. You can also check the Bitcoin price on the exchanges.
Top 5 NFTs to Invest In
The value of NFT art is determined by several factors, including how much a buyer is willing to pay for it. Other factors that determine the value of NFT art include its scarcity, the reputation of the NFT artist, the uniqueness of the NFT art, as well as its demand.
Below is the list of the best 5 NFT to invest in 2022:
#1: Battle Infinity
First on the list of the top 5 NFTs to invest in is Battle Infinity. It is unique from other NFTs because it is not a traditional NFT collection. Battle Infinity is an upcoming cryptocurrency project that uniquely integrates NFTs in a virtual environment while providing users with a way of making money through their gaming skills.
Just like other play-to-earn NFT games, this cryptocurrency project has several features that enable its users to earn rewards in the native token of the cryptocurrency ecosystem, $IBAT. Some of these features include an in-built staking mechanism, a fantasy sports game, a DeFi exchange, and a store with multiplayer play-to-earn experiences.
In Battle Infinity, all in-game items are structured as NFTs. This allows users to buy different outfits and use them to customize their avatars. The players in the fantasy sports game are also in the form of NFTs, which allows users to trade them as they want.
#2: Tamadoge
Tamadoge is one of the top investments for those interested in NFTs. Just like Battle Infinity, Tamadoge is a play-to-earn cryptocurrency project in which users use NFTs to take part in the virtual ecosystem.
Tamadoge is the utility token and the native cryptocurrency token of Tamaverse, a platform that allows players to earn multiple rewards. Tamadoge pets are the main feature of the platform. These are dog avatars that can be bought and traded on the platform.
The pets are minted as NFTs using smart contracts. Transactions in the metaverse are carried out using the TAMA token.
#3: Bored Ape Yacht Club
The Bored Ape Yacht Club is a popular NFTs art and one of the best NFTs to invest in. It is a collection of 10,000 NFTs, all representing “Bored Apes.” These NFTs art may look bored but have attracted the attention of top investors in the cryptocurrency industry globally.
Other than owning NFT art, the buyers of this NFT are granted access to the “Yacht Club,” which offers exclusive benefits to its members. Bored Ape NFT owners are also given priority when it comes to NFT drops.
You can buy the Bored Apes on NFT marketplaces such as OpenSea. However, it’s worth noting the NFT price is higher than the price of most NFTs. This cryptocurrency project was developed by Yuga Labs, a company estimated to be worth $5 billion.
#4: CryptoPunks
If you have ever researched how to buy an NFT, you must have come across CryptoPunks. This NFT collection was launched in 2017, which makes it one of the oldest NFT projects we have today. The NFTs art was not in high demand, but its price surged in 2021 as the NFT industry expanded.
This NFTs art collection is made up of 10,000 images that run on the Ethereum blockchain. Each “punk” has unique characteristics and aesthetics. The CryptoPunks are popular among celebrities such as Snoop Dogg, Jay-Z, Logan Paul, and others.
Just like the Bored Apes, the CryptoPunks attract a high NFT price, with the most expensive one sold for $11.75 million last year. It is among the best NFT projects today.
#5: Lucky Block NFTs
Lucky Block is one of the cheap NFTs to invest in 2022. Lucky Block has unique tokenomics and an innovative use case, and most cryptocurrency investors consider it one of the best altcoins to invest in. Before its launch, 10,000 unique NFTs were released, with each NFT coming with benefits for the owner.
The holder can use the NFT as a ticket to the project’s daily NFT draws. One of the NFT owners wins the jackpot daily. The NFT holders can also participate in the daily prize draws using the Lucky Block app.
Those are the top 5 NFTs to invest in today!
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