What Are The Top NFT Collections?
NFTs, or non-fungible tokens, are quickly gaining popularity as the new way to represent digital assets. While there are still some kinks to be worked out with this new technology, the potential for NFTs is huge. Here we will take a look at some of the top collections of NFTs currently in existence:
Possibly one of the most well-known NFTs, cryptokitties is a game built on top of Ethereum that allows users to purchase and breed cryptographic kittens. These kitties are breeding in pairs with one parent offering an “instruction set” (essentially male/female traits) while the other offers the genes for the traits (with each parent having 1 gene out of 16).
Etheremon is an NFT game built on top of Ethereum that allows users to capture, train, and sell virtual monsters. These monsters can be bought at auction or traded between players. Each monster has 3D features that are visible when you click on them. Etheremon is a popular choice for those looking to purchase their first NFT as the prices are relatively low with many being under $5.
Much like cryptokitties, this is an NFT game built on top of Ethereum that allows users to purchase and trade famous people. Users can purchase celebrities, including all of your favorite musicians and actors. However, it is important to note that this isn’t a platform for purchasing celebrity data, but rather their image and likeness… so do with that what you will!
Decentraland is an NFT virtual world built on top of Ethereum that allows users to purchase virtual real estate. The NFTs offered by Decentraland have been retired from being traded, but can still be viewed here. While not actively traded, the value of these NFTs fluctuates with the market and some have significant value. In addition, new decor that changes how parts of your land look is constantly being added to the platform.
The cryptocollectibles category consists of NFTs that are not games, but rather offer unique pieces such as artwork or other creative pursuits. One such example is CryptoCarz – an Ethereum-based game where users can purchase and race cars. When you purchase a car, you receive a smart contract that contains the car data and then have access to all of your winnings from racing.
In addition, some projects are being built on top of Exonum to allow people with specific collections to create NFTs with unique attributes in an effort to protect them from theft or tampering. For instance, a person might want to create a cryptocollectible item that can be verified as real by having a particular car’s VIN number.
As you can see, there are plenty of exciting uses for NFTs and they seem to follow a trend of gamifying aspects of the cryptocurrency world. This may be because games are often at the forefront of technology, but regardless it is something to keep an eye on as the market continues to develop.