Since mid-2021 the NFTs are setting a trend. Some have even surpassed cryptocurrency investment in recent months. It is common to see some celebrities buying some of them and displaying them on social media. And the demand for this type of tokens is on the rise. What do they consist of? What are the NFTs that are setting current trends? What should you know about this type of investment? We’ll tell you next.
What NFTs are and why they’re trendsetting
First of all we have to go to the nature of the word “fungible”. This term applies when a good is interchangeable or not. For example, FIAT currencies and cryptocurrencies are all fungible goods. However, non-expendable assets are those that represent a single value and cannot be replaced or exchanged. Some assets of this style are works of art or plots of land. That’s when NFTs come into play, which are nothing more than non-fungible token assets within the blockchain. The fact that they are inside it makes their authenticity can be verified.
It is important to review the value of a non-fungible token. Each NFT will have the value assigned to it, based on the demand of its environment. As with cryptocurrencies, tokens can be bought and sold within the most reliable exchanges, such as Binance or eToro. In the same way, you can enter the different platforms, games and art galleries offered by the NFTs that are setting current trends, to win them through the activities they offer.
It is important to research before investing in NFTs
As with the world of cryptocurrencies, it is important to research before investing in the various NFTs available on the market. Some may be scams or frauds and it is best to learn about the most popular options. NFTs are selling for a lot of money, depending on the value they represent. Some could cost millions of dollars, with the promise that they will gain value in the future.
However, within the world of cryptocurrencies and NFTs nothing is certain. Volatility is something that characterizes these cryptocurrencies, so be careful with speculative bubbles. We recommend you do your own research to find NFTs with more liquidity in the future, so that you do not end up with a jpeg or a video game character that costs nothing later.
NFTs that are setting current trends
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CryptoPunks
They were practically the first NFTs project when no one was drenched in the subject. In fact, they emerged in 2017 and 10,000 units were made. You can find Human Punks, Aliens, Apes and Zombies. The most expensive and complicated to get are the alien punks, since there are only 9 units. The latter have sold for more than $ 8 million in auctions.
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Axie Infinity
This is one of the most popular NFTs games out there. Axies are creatures found on blockchains and you will need at least 3 Axies to start playing. To acquire one you will need to buy it and its value will depend on the attributes it has. The minimum per creature ranges from $200 to $ 300.
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Bored Apes
These are NFTs used as an online avatar. They are animated apes that have different attributes and you can find them from $250,000 dollars. They are called Bored Apes and you can buy them with Ethereum. It should be noted that the owners of these characters can attend digital concerts in different parts of the city. Today there are also the Mutant Apes, which are the continuation of the original Bored Apes. The latter have been hoarded by people with a lot of money, so mutants would represent a more profitable option. There are a total of 20,000 mutant apes that can be found from 3,000 ETH.
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Metaverse Land (MANA)
Here we can find two video games: Decentraland and The Sandbox. In these you can buy land and develop real estate in different parts of cities that exist in reality. The idea is that the land will gain more value as the months go by. In addition, the developers want to make the map of the whole world so that there are virtual terrains available in any place of your interest.
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Avalanche (AVAX)
It is a highly successful digital project, where you can enter the platform and exchange smart contracts, as well as NFT services safely and quickly. The AVAX blockchain is among the first in the world and not only lends itself to video games but to DeFi and other services.