The speed at which modern society is moving with ever-increasing speed has caused a tremendous rise in digital currencies. It is just in recent years that cryptocurrencies have begun to gain more traction and are considered an alternative to the traditional means of payment. The wide range of cryptocurrencies on the market today even allows for a diversification of investments.
However, with the number of cryptocurrencies on the market appreciably growing, choosing the best one to invest in can be confusing. Each cryptocurrency has its unique features, which could appeal to many users that may want certain specific features. Here are some of the most popular non-fungible tokens (NFT) cryptocurrencies that you can use in order to diversify your investments. If you want to invest, then first learn all you can about the company behind the NFT. The website offers a unique opportunity for those who want to invest in NFT without having any technical knowledge.
Decentraland:
The Decentraland token (MANA) on the Ethereum platform was used to finance the project’s sale in April 2018. The cryptocurrency supports and accelerates the decentralized sale of virtual land plots, called user-generated and community-controlled virtual worlds. As a non-fungible token, each unit of MANA represents a unique plot of land that can be purchased by users, who can access this land through their personal smart devices such as mobile phones or tablets. Decentraland sets its roadmap on the Ethereum blockchain, making it one of the only cryptocurrencies directly connected to this blockchain. It boasts of a “user-friendly” approach, with an elegant and user-friendly interface that has a real-world feel. The platform’s price is quite stable, exceeding the online real estate market by far in terms of traffic volume and valuation.
Enjin Coin:
Similar to Decentraland, Enjin Coin (ENJ) is an NFT-based cryptocurrency that allows its users to create, distribute and manage virtual goods. It is a unique platform which aims to enable social gaming and building online communities. ENJ uses blockchain technology to give those who want it complete control over their gaming assets. Users can even convert their gaming assets into tradable items on the open market. The Enjin wallet is designed to integrate with game servers and is also compatible with every game. Users can exchange ENJ tokens for items, services, or any other digital assets. For this reason, Enjin Coin is a good investment alternative for those who wish to make a profit from their gaming assets.
The Sandbox:
NFTs were first introduced by The Sandbox Project, which created a cryptocurrency distribution model called “The Sandbox,” which would allow users to own 100% of the digital assets. The Sandbox is based on stablecoins and allows for any crypto- or fiat-based currencies to be sent and received across the platform’s blockchain. These tokens are non-fungible, and they provide randomized rules that change the behavior of each token. For example, two users may hold one coin, and both will receive different rules that would change how the coin works. The Sandbox allows users to also support the charity by purchasing tokens and donating them to a specific charity. The company uses smart contracts to automatically distribute harvested coins to the selected charities based on their record of sales. The technology behind The Sandbox is also a key consideration for many investors when looking to buy an NFT.
Axie Infinity:
Axie Infinity gameplay is centered around the collection and breeding of unique creatures called Axie. Axies come in a variety of types, and there are many ways in which they can be collected and traded. Each Axie has unique characteristics like size, appearance, health, ability, movement and etc. Once an Axie dies, it cannot be revived, but players can clone the dead Axies by using a cloning machine. However, this process is expensive and time-consuming.
The Axie Infinity token (AXI) is an ERC20 on the Ethereum platform that can be used for in-game purchases to purchase Axies and other virtual goods. Axies are earned by capturing Axies or obtaining them from other players via the trading system of the game. In addition to that, players can also get AXI from participating in community activities. The AXI’s price is fair and stable, making it a good investment alternative for those who want to make a profit from their Axies.
Theta Network:
Theta Network is a decentralized and open-source blockchain-based platform that is designed to deliver high-quality video streams at the lowest cost possible. THETA has been designed very similarly to Enjin Coin, with the main goal of enabling users to create and own digital assets. Theta Network’s video streaming platform is based on a “live” video segmentation system, which can be split into smaller segments so that users can effectively watch uninterrupted streams. The Theta team has designed an interactive contract system that allows users to earn THETA tokens while watching videos. In addition, it also enables the streaming company to receive a monthly fee from the service at any time. The network will distribute its funds among all streams in the network based on the total views and unique viewers of each stream.
Conclusion:
At the moment, there are many cryptocurrencies on the market that promote ownership rights over digital assets. Smart contracts can provide educational and entertainment services, as well as be used to build virtual worlds and even cryptosystems. These systems could be used in a variety of ways, and it is not surprising that so many people are interested in these types of platforms. If you have an interest in gaming, then you may want to consider these NFT coins as a way to make money for yourself.