FxBrokerReviews.org – The advancements in blockchain technology have made things possible in the world of digital art, that no one would have ever thought in the past years. The current storm of NFTs provides creators and artists a space to display their best artworks and earn good money for the same.
The best aspect of investing in NFT tokens is that selling, acquiring, or trading them has become easier and safer, thus lowering the possibility of fraud. However, if you are planning to buy NFT tokens, it is necessary to understand that not all tokens are going to be profitable. Therefore, you should choose only from the best NFT token list.
Our guide at forex broker reviews has provided a list of all the best NFT tokens to buy in 2022. Take a look below!
What are NFT tokens?
Before you jump on buying tokens from an NFT marketplace, you need to get familiar with what are NFT Tokens.
NFT tokens are cryptographic assets based on blockchain technology, that can be easily bought, sold, and even minted on an NFT marketplace. NFT tokens are different from crypto coins in a manner that they can not be exchanged for another token, of the same value. Each token in the marketplace is rare and has a unique code which makes it exclusive.
NFT tokens are based on blockchain technology which removes the need for intermediaries and directly connects artists with audiences to trade the tokens. This is also the reason that makes it a highly secure and reliable investment opportunity.
What are the best NFT tokens in 2022?
Here is the best NFT token to buy, if you are looking to enter the world of digital assets
1. Decentraland: Best NFT token to acquire land and in-game assets
Decentraland is a virtual environment and community based on the Ethereum blockchain network. The token used on the platform is Decentraland’s native token – MANA. Using the NFT token, buyers can create and own LANDs, wearables, characters, in-game assets, and other NFTs on the platform.
The real-world feel NFplatformrm allows members to join the platform’s Decentralized Autonomous Organization (DAO) and get various perks. The platform boasts a user-friendly approach and the owned assets can be easily accessed through your smartphones, watches, and even laptops or desktops.
- The tokens have a current market cap of $ $2,586,214,654
- Investors can either own the lands or even get it on lease
- The platform allows users to develop virtual experiences for other visitors and earn money from the same.
- Decentraland is being used by major corporations to enter the Metaverse.
- Purchasing the tokens Decentraland allows you to not only own private lands but also host a variety of events on them.
- Many popular musicians have already started conducting shows at digital venues.
2. The SandBox – The best NFT token in the metaverse game
The Sandbox is a virtual Metaverse game NFT token. It is built on the Ethereum blockchain and is coming to be one of the best NFT tokens to invest in. The NFT allows all investors to create, control, and monetize their game experience. The Sandbox is based on the Ethereum (ETH) network and has a native token, SAND. In this game, players can create their worlds and games and can get ownership of their creations in the form of NFTs, which they can trade further. For every achievement in the game, players earn SAND tokens.
- The players are allowed to keep 95% of their SAND revenue
- Apart from access to LAND ownership and in-game purchases the SAND tokens also provide governance and voting rights on key features of the NFT project.
- The market capitalization of the token is over $1.3bn in
3. Axie Infinity – the best NFT token to invest in for gamers
Axie Infinity is also a gaming NFT token that involves animals like Pokemon known as Axies. In the NFT project players have to collect Axies as virtual pets and plan to involve them in combat with other virtual pets. The players can collect, grow, and establish kingdoms for their pets. What makes Axie Infinity distinct from other video games is the interaction it has built between normal online gaming and blockchain. Axie Infinity is based on the Ethereum blockchain and managed to secure a position in the top NFT token list in 2022.
- Unlike common in-game items, you can trade your NFT tokens on the game’s marketplace for real money.
- Players are required to have three NFT tokens to play the game
- The price of each token is valued at a range of $28- $250 apiece.
- Axis Infinity Shard (AXS) is the native governance token of Axie Infinity.
- The market cap of the NFT project is valued at over $1 billion.
4. Cocky – best NFT token for music fans
The NFT project was launched by the Parasol Group and is available on top marketplaces like Opensea, Binance, and more. The NFT token provides an exclusive entry into this lifestyle club that provides access to world-class music events. The token holders can be a part of once-in-a-lifetime, real-world experience musical events.
The exclusive virtual events are published as live streams and even held in person. Cocky Can – The NFT tokens come in 51 skin variations and three-tier lids. The lids represent a tier-based system that unlocks an array of perks and privileges for NFT holders. It includes subsidized transport, accommodation, additional invites, bar tabs, exclusive merchandise, and more.
- The NFT platform hosts events in the most unique locations
- Investors with the Cocky Can token can write their stories and experiences of the event.
- The Black Can is a rare token that gives access to VIP benefits at events and concerts.
5. Rouge Sharks – Best upcoming Art NFT token
When it comes to art NFTs Rouge Sharks is one of the best NFT tokens to invest in. The project is a collection of 5000 random generative art 3D NFTs. The collection is based on the Solana Blockchain and has more than 1500 of the total NFTs have been listed on the Solana ART marketplace that has been traded for ~60K SOL. The platform has a strong presence on social media and has been a huge hit since its launch.
What are the top NFT marketplaces to buy NFT tokens?
Take a look at some of the popular marketplaces from where you can purchase popular NFTs
Coinbase is one of the most well-known cryptocurrency exchanges in the market. The crypto platform also has its own NFT marketplace which allows one to buy and sell various NFT tokens. With Coinbase NFTmarektplace, users can buy, sell, and even mint NFTs in their Coinbase Wallet, which automatically connects to the marketplace. The marketplace is based on the Ethereum blockchain and therefore ETH is used as the mode of payment.
Take a look at some of the best NFT tokens on Coinbase.
Binance is a well-known cryptocurrency exchange. the marketplace offers low cots NFT creation and selling. Binance allows you to purchase NFTs with only a 1% transaction fee using the Binance Smart Chain or the Ethereum blockchain. The Binance NFT Marketplace has a wide range of NFT tokens in several categories, including, Art Sports, Entertainment, Gaming Collectables, Esports, and Mystery Box. For people who already have a Binance crypto account, the NFT platform is available without the need to create a new account.
Read here to check the best NFT coins on Binance
3. NBA top shot Marketplace
Focusing exclusively on basketball NBA Top Shot offers limited edition video clips, play highlights, and NBA art, that one can trade, sell, and purchase. This NFT marketplace was built by the NBA using the Flow blockchain. The NBA manages this NFT marketplace and has exclusive rights to these video clips.
Users can purchase Moment NFT tokens with credit/debit cards or select cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, DAI, or USDC. You have to pay a selling fee and a transactional fee to purchase these assets, whether you’re buying with a credit card or cryptocurrency.
What is the difference between NFT tokens and Cryptocurrencies?
NFTs and cryptos both are based on blockchain technology. However, this does not mean that they are exactly similar. NFTs are unique digital assets whereas cryptocurrencies are the digital money you use to purchase those assets.
The non-fungible tokens are also digital tokens, but they are nonfungible, whereas Cryptos are fungible. Lets us understand this better
A fungible token means assets that can be exchanged for the value of the other. Whereas nonfungible refers to a one-of-a-kind token that is exclusive and can not be exchanged for the value of another or even manipulated.
Another factor that marks the differences between cryptos and NFTs is that the former is purely economic meaning, its value comes from its utility as a currency or an investment, while the latter, has both economic and non-economic value. For example, Artists can use NFTs to distribute, monetize and even autograph their work.
How to buy NFT tokens?
If you are considering buying the best NFT tokens, using a top NFT marketplace then we recommend Binance for trading NFTs.
Follow the steps below to buy your NFT token today:
- First, you need to register with Binance and open an account for the same.
- Next, you need to fill in the required details and click on ‘Next’ to proceed.
- Once you have filled in all the details correctly, the marketplace will verify your account. You are required to submit a government-issued document and then, complete the face verification process.
- Deposit a minimum amount of $10 using either a bank wire transfer, debit card, or any e-wallet like Paypal.
- Once the deposit is confirmed, you can type in the ticker symbol for the NFT token and tap on the relevant pair you want to buy.
- Type the amount of asset you want to buy and tap on ‘Buy’ to complete the purchase.
How are NFT tokens created?
The process of creating NFTs is known as minting. Read the steps below to understand how NFT tokens are created
Pick your content
The first step to minting an NFT is to decide on a concept that will sell in the marketplace. It can be a short video, any personal photographs, paintings, your writings, handicrafts, and even music that you have created.
Choose an NFT marketplace
There are various platforms available to mint NFTs. OpenSea is one of the most popular NFT marketplaces. To create an NFT you are required to pay an initial fee or the transaction fee. The fee depends on the platform you choose to trade NFTs.
Upload your asset
To mint an NFT you need to link the NFT to your artwork. To start the NFT creation process, you need to go to the upload section of your marketplace and upload the media that you will be selling. You can either upload directly on the platform or create a link to an externally hosted media file.
Give a name to your NFT
once you have uploaded the files, give a name to your NFT, and write a description. You can make your NFT as appealing as you want by adding unique perks to it like an invite to a private Discord channel or discount codes to merchandise.
Create the NFT
The last step is to simply select the “Create.” option on your marketplace and after this, your file will be uploaded, and the NFT will be created.
The tokenization of NFTs has made it possible to introduce various assets into the digital space, through virtual reality like real estate, clothing, and more. While most of the tokens can are purchased from Ether, many other blockchains like Solana, Flow, and more are also offering several NFT projects. We have provided some of the best NFT tokens in 2022 that you can invest in.
Q1. What are some of the top NFT marketplaces?
Ans: Marketplaces like Opeasea, Binance, SuperRare, and more are considered to be the best NFT marketplaces.
Q2. Is it safe to buy NFT tokens?
Ans: Anyone can invest in NFTs. since it is based on blockchain technology Investing in tokenized assets is accessible to everyone and can more easily and efficiently be transferred among people anywhere in the world.