Top 8 coins based on NFT projects
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
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