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Top 8 coins based on NFT projects

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4 months ago

1. Chiliz (CHZ)

THE WHAT?

  • The largest non-exchange blockchain platform in the world, Socious, only uses Chiliz (CHZ) as an NFT coin. CHZ is well-known for its fan tokens, which fans may use to support their favorite sports teams

  • Additionally, it is a utility token that may be used to access AR-enabled features, forums, and special promotions, buy VIP prizes, and take part in network voting

  • Some of the best sports leagues in the world, such as AC Milan, Manchester City, Juventus, etc., have partnered with Chiliz

  • The Fan Token Offering (FTO) allows each team using Chiliz technology to issue a finite number of fan tokens, making the NFT coin rare and in high demand among sports enthusiasts

2. Decentraland (MANA)

THE WHAT?

  • Recently, there has been a lot of enthusiasm surrounding MANA coins

  • One of the two NFT coins utilized in Decentraland, a popular NFT game platform, is MANA

  • The Decentraland Marketplace is where MANA tokens are most frequently used for transactions

  • An Ethereum-based gaming platform called Decentraland also features a marketplace where you can buy games, apps, 3D graphics, and various in-game missions with NFT currencies as rewards

  • Users may also trade other in-game items on this market, like avatar clothing, LAND, estate, and numerous other things

  • The DAO, which is regulated by smart contracts, is responsible for managing the Decentraland Marketplace

3. The Sandbox (SAND)

THE WHAT?

  • SAND is the following NFT coin

  • On the blockchain-based Sandbox platform, payments can be made using the utility token SAND

  • A play-to-earn virtual world called The Sandbox allows you to monetise your time for limitless content production and immersive entertainment

  • Users can build new digital game assets and trade them in the Sandbox using SAND as NFT currencies

  • This can be achieved by using Game Maker to integrate their digital voxels into games after creating their digital voxel assets using NFT, uploading them to the Marketplace

4. WAX (WAXP)

THE WHAT?

  • The 2017 debut of the WAX (WAXP) blockchain makes e-commerce transactions faster, simpler, and more secure

  • The Delegated Proof-of-Stake (DPoS) consensus algorithm used by the WAX blockchain is completely compatible with EOS

  • In order to optimize the value of the blockchain for e-commerce, WAX has built its own features and incentive systems of WAXP currencies

  • The other objective is to encourage people to vote on each and every platform-related proposal

  • Indeed, WAXP is an NFT coin that may be used to purchase NFT, video games, and digital collectibles

  • Since WAXP coins were added to prominent trading platforms, their price has significantly increased

5. Tezos (XTZ)

THE WHAT?

  • An NFT token named “Tez” powers the open-source blockchain Tezos (XTZ)

  • Tez employs the proof-of-stake (PoS) consensus rather than mining to reward token holders, in contrast to other notable crypto assets

  • Tezos also has a distinctive governance system

  • The mining community and developer teams were mostly in charge of making decisions when it came to the design of early blockchains

6. THETA

THE WHAT?

  • Theta Network produced the THETA NFT coin, which may be staked by those interested in joining a Validator or Guardian node

  • A blockchain-based infrastructure called Theta Network supports independent video streaming services

  • Theta Network celebrated NASA’s tenacity in the Mars rover landing on February 18, according to the CryptoSlate website

  • It’s interesting to note that Theta Network will create NFTs with a NASA theme that can only be gathered through its live streaming website, Theta.tv

  • THETA has a finite supply of 1 billion in market circulation, similar to other crypto assets

7. GALA

THE WHAT?

  • The native token of Gala Games, a collection of blockchain games owned by players, is GALA

  • NFT owners can have an impact on how games are governed inside the Gala Games ecosystem

  • The GALA token serves as both the governance token and a means of purchasing in-game goods such as upgrades and other stuff

  • As of February 22, 2022, Gala Games (GALA) has a $0.25 price tag and a $1.55 million market cap

8. ENJ

THE WHAT?

  • Enjin is a firm that develops blockchain gaming solutions that make it simple for anyone to create, trade, monetize, and market using blockchain

  • Enjin currency is one of their projects

  • The value of blockchain assets like NFTs is backed by ENJ, a digital store of value, enabling in-game items real-world liquidity

REFERENCES:

  1. https://zipmex.com/learn/nft-coins/

  2. https://www.binance.com/en/blog/fiat/5-most-popular-nft-coins--how-to-buy-them-421499824684903486

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