Terra isn’t dead: the network is back up and running on a new blockchain, focusing on a more decentralized governance model. The community is making no attempts to revive its recently failed TerraUSD (UST) stablecoin. It has, however, re-launched a new version of the LUNA governance token, restarting its supply at 1,000,000,000 tokens. Here are the facts on the new blockchain, why it was launched, and the new token’s airdrop/ distribution. Background on Terra 2.0 Terra 2.0 (now known formally…
NFTs are now becoming popular and more lucrative with their growing demand. It shows how rapidly the world is moving and endorsing blockchain technology. Notably, the investment sector is keen on putting their money into these innovations due to the exceptional returns they offer.
However, with so many NFTs coming in daily, you might wonder which one to choose? To help you out, we will discuss the top NFT projects you need to look out for in 2022. These NFTs are on blockchain technology, ensuring your investmentsremain safe.
On the top of the list, we have the Decentraland. It is a digital online space with its foundation on the Ethereum blockchain. The platform is continuously seeing rapid growth in the last couple of years. The exceptional features in Decentraland enable users to buy lands through its cryptocurrency.
One of the best things about the platform is that it is among the first completely recognized decentralized digital worlds. It is something that helps the platform to stand out from the rest. Players can use the MANA cryptocurrency that the platform offers to buy properties and find out about the other offering of the virtual world of Decentraland.
They can also build or trade their digital assets with other people. Another great feature of the platform is its incorporation of the Decentralized Autonomous Organization, also known as the DAO mechanics.
It provides the players full independence and total command over the decision-making processes. You can use the smart contracts available in the Decentraland to create the virtual world as per your choice. All in all, Decentraland is in an NFT that you need to keep an eye on in 2022.
2. NBA TopShot
Anyone who is a fan of basketball and NFTs should check out the NBA TopShot. It is a marketplace for the special moments NBA NFTs that the game’s fans can trade. Usually, the NBA NFTs comprise the highlights of any key moments throughout the game.
They can be in the form of images, Gifs, but you usually find NFTs consisting of video clips. NBA TopShot is one of the famous NBA communities with sales worth millions of dollars. It is the largest and the leading marketplace to buy and sell NFT cards.
The NBA TopShot is a result of the NBA and Dapper Labs partnership. Their partnership gave NBA fans a robust platform to trade their favorite NBA moments in the form of NFTs. It is becoming a popular name in households, which is why we can expect its popularity to rise in 2022.
This platform is a rival to the Decentraland and is among the top NFT projects you need to look at in 2022. It is a virtual world that is built on blockchain technology. The key feature for the Sandbox is that it is on the virtual Metaverse.
As a result, it makes it easy for users to profit from their digital assets and enhances their gaming experience on the blockchain. Players can use the SAND cryptocurrency that the platform offers to gamers. You can use the SAND to trade the virtual real estate called LAND.
Moreover, you can find a marketplace for the SandBox, where you can purchase the NFTs to utilize them in the game. In addition, SandBox allows you to profit off from the land that you sell in the game.
It is a P2E (play-to-earn) game that allows players to use the virtual asset to use them up at their discretion. You can use the LAND in SandBox for the marketing of various products, conducting games, or using it any way you want.
The chances of growth of SandBox are quite prosperous as companies and corporations are also taking advantage of the trend and buying up LAND. Therefore, the year 2022 looks promising for SandBox and its NFTs.
4. Bored Ape NFT
Anyone wanting to find how rapidly NFTs’ popularity and worth are growing should check out the Bored Ape NFT. The Bored Ape is one of the most valuable NFTs you can find in the world. Its net worth has been continuously rising and reaching new highs ever since its release in April 2021.
Many sources tell that the Bored Ape Yacht Club, which is the collection of non-fungible tokens that includes the Bored Ape, is getting more than $1 billion in sales. The rising value of the Bored Apes is surprising to the NFT world.
It is why many celebrities and popular names are jumping into the game to buy Bored Apes. Some of the famous names include:
- Jimmy Fallon, who recently bought the Bored Apes NFTs
- Kevin Hart buying a Bored Ape for $200,000
It shows how rapidly Bored Ape is increasing their dominance in the NFT market. Therefore, it is an NFT project worth your attention, and you should know about it in 2022.
Another NFT project enjoying growth and high value, just like the Bored Ape, is the CryptoPunks. The NFT project came into the hands of the public back in 2017 and is currently in high demand throughout the world due to its high value.
There are approximately 10,000 CryptoPunks, and every one of them has distinct features. As a result, it increases the rarity of these NFTs. Over time, the project is witnessing rapid growth in its value, with people selling CryptoPunk NFTs for millions of dollars on the marketplace.
The project recently lost the position of being the most valuable NFT collection to Bored Ape Yacht Club. The Bored Apes’ commercial success is the reason why CryptoPunks were not able to retain their position.
The race between CryptoPunks and Bored Apes to stay on the top is likely going to grab many people’s attention. Therefore, it is an NFT project that you should know about in 2022.
6. Axie Infinity
Another popular NFT project to keep your eye on is Axie Infinity. It is a famous NFT game that you can find on the market. Sky Mavis is the founder and released the game to the people in 2018. As of 2021, there are more than two million players of the Axie Infinity.
One of the best features of the Axie Infinity is that you can either play it with a single-player mode or use it for a PVP (player vs. player game). The game is about trading battle games that allow users to build and train creatures known as Axies.
These creatures are the Non-fungible tokens through which you can earn tokens on the Ethereum cryptocurrency network. It is possible to do so because of Axie Infinity’s play-to-earn model that it incorporates in the game.
The primary reason why Axie Infinity is one of the top NFT games is because of its massive player base and exceptional gameplay mechanics. Thus, it makes Axie Infinity one of the top NFT projects to know about in 2022, as it will include more features once more people start using this NFT gaming.
7. Mutant Ape Yacht Club
MAYC or Mutant Ape Yacht Club is a more economical NFT available for the people who want to invest in the Bored Ape Yacht Club. It is a win-win situation as you can enjoy a non-fungible token similar to Bored Ape without spending a lot of money.
And the project was a massive hit as people went on to buy the Mutant Ape NFT in huge numbers. Currently, you can find more than 20,000 mutant apes in existence in the marketplace. Each of these NFTs has its features and traits that help them set apart each other.
You can go to the OpenSea marketplace, which allows you to trade, buy, and sell the Mutant Ape Yacht Club NFTs. The best feature about the Mutant Ape NFT is that you can use the mutant serum, which gives the bored apes different abilities and turn them into mutants.
8. Flyfish Club
Flyfish Club is an NFT project from the popular entrepreneur/influencer Gary Vaynerchuk. The Flyfish is the first-ever NFT member dining which allows people to enjoy a dining area spreading on more than approximately 10,000+ square feet.
The best thing about the Flyfish Club is that this NFT project gives you the chance to reserve a table for eight visitors who don’t have the token. You can use the Omakase option available for the standard Flyfish membership to reserve a slot for the eight people you want to dine out with throughout various locations.
Another exceptional feature of the Flyfish NFT project is that you can rent out or sell your membership to anyone else whenever you want. The amazing characteristics and the reputation of Gary Vaynerchuk will drive the value of the Flyfish membership in a short time.
It is why this NFT project is worth knowing about in 2021. Currently, you won’t find any Flyfish club membership since people started purchasing them after their launch. However, there are plans to roll out more memberships, including new locations in this NFT project, in the future nearby.
CryptoKitties is a pioneer in using the Blockchain for the NFT project that came out in 2017. The game’s success upon its launch tells how this NFT project is worth checking out in 2022. Dapper Labs is the brain behind this robust NFT project which is still popular among people.
To summarize the entire game, it gives you the option to breed, gather, and control virtual cat NFTs. The success of this NFT game is why others got the confidence to start new projects. With the competition increasing, we expect CryptoKitties to leave an impact in 2022 too.
Last but not least, the NFT project with the potential to take the NFT world by storm is Ethermore. It is a popular gaming NFT project which is a fantasy world. The basis of the EthermoreNFT is on the Ethereum blockchain.
As a result, you can enhance your overall experience with this technology due to the robust features that Ethermore offers. There are many more developments that we can expect to come in Ethermore. As for now, Ethermore’s gaming experience includes building NFT characters in the game to play it.
In addition, Players can connect and use their MetaMask wallet, which has their Ethermore tokens. They can choose the character they want to play and use them to go through different levels.
Tips To Find Out the NFT Projects’ Potential
When we talk about the investment world, those you can leverage an opportunity beforehand can reap the most returns. The case of Bitcoin is a clear example of how a boom after some time led to profits of billions of dollars for the investors. And we can expect the same for the NFTs.
Therefore, it is imperative to spot an opportunity and take advantage of it. Here are some things you need to look at to identify the NFT project’s potential:
- Go through the NFT projects roadmap that tells you about the important dates and overall view of the non-fungible token in the future. It is optimal to have an extensive idea about the creator’s plan and what they aim to achieve through their NFT.
- You can go to OpenSea to look at all the new collections coming up. You can also find the different NFT projects on the OpenSea that are currently in trend and are showing significant growth.
- Most importantly, the ideal way to find new trends in NFTs is by starting up-to-date with Twitter. You can find many people discussing the upcoming and trending NFT projects. It can give you a better idea regarding the NFT projects’ potential in the future.
With that, we conclude the article and hope you now know about the top NFT project for 2022. NFT crypto tokens are becoming increasingly mainstream as people are showing interest in this innovation. And the NFT crypto-tokens make it easy to do transactions.
You don’t have to go through the hassle of buying different currencies or calculating the exchange rate. With actors, comedians, and athletes jumping on the bandwagon to buy the NFT projects, they have a bright scope in 2022 and further years to come.
In a nutshell, keeping up with the new NFT projects can help you diversify your investments and get huge returns on the investments you make. Buying NFTs before they go mainstream can reap you the same returns on your non-fungible tokens, just like the Bitcoin owners.