While investors have been looking for ways toward the security of their hard assets like artwork, whiskey, sneakers, and other collectibles that can be turned into investments of thousands of dollars, Bitcoin gain carries off extensive acceptance of retail investors and even corporations.
The widespread embrace of cryptos ignited the growth of blockchain-powered technology. This digital currency revolution has produced a quirky technology that has taken the world of investing upside down— the famous NFTs, or non-fungible tokens.
Non-fungible assets can come in the form of a trading card, art, videos, etc. Non-fungible means are non-transferable. This means that when an individual buys an NFT through a cryptocurrency like Cardano (ADA), they will be getting a certificate of ownership backed by the blockchain.
By tokenizing these non-fungible assets in the blockchain, the authenticity of the digital assets that users buy can easily be verified.
Investors, however, need to take into account that non-fungible tokens themselves have no real value. The value of NFT’s is inclined to the media that’s actually attached to it.
Non-fungible tokens are available on different exchanges and platforms— but which one has good potential? What could give you good returns? Here are six NFT projects that are creating a huge buzz in the society.
Farmers Marketverse
Composing of 5,000 green thumbs, chefs, free spirits, farers, home cooks, and nine to fivers who aim to bring awareness to a sustainable farming method, Farmers Marketverse is a non-fungible token collection that might be worth eyeing.
This non-fungible token is the first to align in clean cooking/eating and sustainable farming. Farmer Marketverse has a tight-knit community that brings farmer characters, essentially creating a farmer’s market eco-space.
Truth to be told, finding a really good NFT is quite complex, so you can take its community as a factor to see if it has good potential or not. If you see that the community of the NFT is dedicated to growing it, there is a possibility that it will soon blow up.
Farmer Marketverse is a good one. If you browse through their Discord, they share recipes with each other, and they share their farms, which shows that they have built a pretty solid community that could surely grow organically.
Minting these NFTs is quite inexpensive right now, and taking the price into consideration, this seems to be a pretty good project.
To mint, you have to pay the gas fee, which costs around $54.
MekaVerse
Aside from considering the community, the art of the non-fungible token is also a big factor that should be given a thought. And the factor that makes this a good NFT is the art itself.
The idea of MekaVerse springs up from Japan Mecha universes, giving birth to a collection of 8,888 generative Mekas possessing hundreds of elements.
Even before MekaVerse was launched officially, influencers have been fueling the fire of its popularity— which is a good thing. Actually, pumping a non-fungible token up before its release is better than having it supercharged after release. There’s a big chance of a drop if an NFT suddenly went up because of an influencer pushing it up right after its launch.
There’s a big chance the MekaVerse will embark on more expeditions in art, short film, and even physical creation. This NFT is worth giving a shot!
Galaxy Eggs
Galaxy Eggs is probably among the best producers of unique and cool arts in the NFT space, and because of this, you could mint or flip them for a very good price. However, you should be aware that they have nothing much to offer aside from their extraordinary art collection.
The mint price of this NFT is pretty high compared to the standard mint, but it’s worth the art.
The Twitter following of Galaxy Eggs is quite good, with over 10,000 followers and an outrightly active Discord with more than 11,000 members. This project is not small. However, it’s not that big either. It stands somewhere in the middle, but there is a good chance of minting this kind of NFT.
The Sevens
This NFT is one of the biggest non-fungible token projects that has ever been released.
The Sevens is essentially a collection of about 7000 algorithmically produced art pieces having anime, games, memes, movies, and pop culture as reference. This NFT collection is centered on streetwear like headpieces, hoodies, shirts, and a lot more.
This non-fungible token has an extensive road map of what’s coming for their NFT in the coming years ahead.
Sevens has over 29,000 Twitter followers, and even celebrities like Waka Flocka involve themselves in this NFT. Their community is highly active, with over 50,000 people in Discord.
There’s a big chance that this project is going to be pretty huge. The art pieces in their collection are good, so there’s a big chance that they will sell out really fast. If you are able to mint this one, you could potentially get big bucks.
If you miss out on minting, you could go and buy from a secondary market to resell it for a higher price. If you browse through their collection, you will see the great potential of hype around this NFT.
You wouldn’t want to miss that chance! However, because this one is a large project, it might cost you thousands of dollars to mint.
Approving Corgis
This NFT project will go well with animal lovers. Approving Corgis have active Twitter and Instagram, which makes the team behind this project quite good. If they are not active in the community, there’s a big chance to fail because no one is pushing the project to people.
Don’t bother yourself with such a project, but they are running their community pretty well in this case.
Snook
Snook crosses over NFTs, defining an entirely new skill-based non-fungible token class. This is the first-ever multi-player, snake-like game that rewards the gamers based on speed, persistence, and talent.
The value of Snook NFT is measured on the gamer’s skill. They have over 23,000 followers on Twitter and a large and active Discord community.
When choosing an NFT, you might want to be in their community first to see important updates that will help you scale if they are worth your money and time.
The first-ever NFT was minted on Ethereum. Since then, art vendors and artists have started selling NFT arts for fiat dollars. As it evolved, this fringe hobby in the blockchain technology community had become a full-fledged industry backed by art buyers looking for ways to make a profit.
It’s likely that even remarkable NFT projects will not survive in the long run. However, there’s a massive hype surrounding non-fungible tokens at the moment, and you can make money out of it.
There’s still plenty of inaccuracy in NFT’s business model, but don’t sweat too much about it. Just keep your eyes on various NFT communities because the information you’ll get from there will serve as your guide on every relevant decision you will make.
If you have plans of investing in the NFTs listed above, or you already have something in mind aside from what’s on the list, ensure to do extensive research and only put money that you can bear to lose.
