What is NFT?
Alongside the cryptocurrency frenzy of Bitcoin, recently, NFT has become a new item receiving significant attention from investors.
Non-fungible token (NFT) is a unit of data on a digital ledger called a blockchain. Each NFT can represent a unique file, and therefore, they cannot be exchanged for one another.
Simply put:
NFT is a cryptographic token that cannot be exchanged for one another. These tokens are entirely distinguishable from each other and are unique as well as limited in quantity.
NFTs can be used to represent real-world items on the blockchain, but they can also be used for digital collections. Digital identity and the metaverse are other areas that can utilize NFTs.
NFTs have become popular in mainstream culture as a new form of digital art. However, they also have potential applications in various other fields, such as video games, digital identity, licensing, certificates, or art – and even allowing for fractional ownership of items.
Some key factors to consider when selecting new NFTs to invest in include:
Development roadmap of the project Who are the founders? The community behind these new NFT projects Availability on popular platforms Uniqueness and distinctiveness of the NFT Amount willing to invest
Some notable NFT projects
Illuvium is a virtual role-playing game built on the Ethereum blockchain. Launched in January 2021 as a decentralized NFT collection, it is one of the top new NFT projects.
Players can acquire one of over 100 Illuvials, each belonging to a different race, class, and with various abilities. You can capture, merge, upgrade, and store your Illuvials, experiencing the sparkling, mystical, and three-dimensional graphics of warriors, rogues, and support classes. You can deploy Illuvials in battles and capture defeated Illuvials of opponents. You can also merge them to make them stronger, or create composite power with other Illuvials.
To facilitate asset trading with other players, you can trade instantly without paying gas fees. Store your Illuvials in your game as fragments and NFTs in your crypto wallet. NFTs allow you to stake and vote for future changes in the project.
A new NFT project has been making waves in recent months, and Markus Magnusson's Invisible Friends is sure to be on your radar if you're an NFT collector. Thanks to the fresh idea of attaching clothing to invisible walking characters, the NFT project has caught the attention of many investors and collectors. Apart from the eye-catching art style, people are comparing Invisible Friends to other popular NFTs like Doodles and Cool Cats because of its simple, vibrant, and intuitive NFT designs that are easy to grasp from the first use.
Although Markus's planned roadmap hasn't been fully disclosed yet, we all know that owning Invisible Friends NFTs grants you access to the Invisible 3D Collection later this year and future collections from the Random Character Collective. Minting is set to take place on February 23, open to those lucky enough to be on the whitelist. Active community members and owners of SlimHoods and MoodRollers will be eligible for rewards. Worried about missing out? Make sure you're closely following their discord server to stay updated on all things Invisible Friends.
Follow their social media for a chance to join the whitelist.
WonderPals is still in the process of refinement, with an expected release in the first quarter of 2022. Simply put, it's a super wholesome NFT collection. It consists of 10,000 candy-colored characters with simple, tidy lines and bright, cheerful faces. For collectors, these top-notch NFTs are adorable, fun, and friendly.
Created in collaboration with @CoolmanUniverse, these sweet drops even have unique features to delight their owners. WonderPals' motto is to spread joy and kindness throughout the year, and if you decide to collect them, we think you'll feel the same. If you're looking for NFTs to invest in, this is an excellent choice. You can follow them on social media for a chance to join their Discord and be invited to their whitelist for upcoming NFT projects.
Degenerate Ape Academy, or DAPE, is one of the top Solana NFT projects. It's led by project manager Obbotis1; Monoliff, responsible for art and development; and Conorholds, in charge of promotion management. DAPE features 10,000 unique apes serving as interfaces for users to exchange digital assets. Buyers have full intellectual property ownership of their NFTs protected by smart contracts and can mint as many apes as they want.
The apes come with various traits like clothing, skin, fur, and glasses, which can be combined in numerous ways. The features are hierarchically classified from common and uncommon to rare and legendary, allowing NFT investors and traders to gauge the minting potential. For fans of Bored Ape Yacht Club (BAYC), this is an excellent alternative and one of the best Solana NFT projects. If you're looking for upcoming NFT projects to invest in, this is for you.
DAPE is Solana's first multi-million dollar NFT collection and one of the most prestigious collections in the NFT space. Collectors can easily access and flip NFTs at affordable prices, making them extremely popular with buyers, whether experienced or newbies, especially those stepping into one of the best Solana NFT projects in the current crypto market.
Reference: bybit.com