What do a 10-second video with a play by Messi, a song by the Canadian musical group The Weeknd, a Pokémon card, a meme, and the avatars that crypto people use as their profile picture on Twitter have in common? That these goods can be acquired in the NFT format or non-fungible tokens, a new way of carrying out virtual transactions.
The cryptocurrency ecosystem has been disrupted by the growth of NFTs, unique digital assets that are verified through technology blockchain or value chain, which decentralizes the purchase process, granting buyers certificates of authenticity and ownership of the good. These can be fully digital assets or tokenized versions of real-world assets.
Regarding the mechanics of NFTs, it may be simpler than it might seem. For example, a user can tokenize a drawing via NFT and sell that token online. In this way, it is possible to individualize the work and register it in such a way that it is unique.
The broadening of applications and utilities of NFTs allows holders to access exciting possibilities, be it through advantageous adoption rates, creation rates, or use cases. In this sense, the platform Binance houses a wide range of NFT-tokens and other tools dedicated to helping users achieve financial freedom.
What are NFT coins?
Just like any other digital asset, with NFT coins, they can be traded or invested. The main difference between NFT coins and other NFTs is their fungibility. That is, NFTs or non-fungible tokens represent property rights over digital assets. For its part, the NFT currency is fungible, that is, with it may trade or exchange for another NFT coin of the same value.
For example, Axie Infinity is an NFT video game in blockchain which uses its native token, AXS, to enable the stakewhose purpose is to acquire cryptocurrencies and keep them locked in a wallet (digital wallet) to receive earnings and thus facilitate the voting that maintains the play-to-earn economy in the market.
Meanwhile, AXS is Axie Infinity’s NFT coin. NFT coins like AXS, SLP, and SAND help decentralized apps with a variety of important functions, from being an in-game currency to voting. From being a medium of exchange, to acting as rewards of stake and being operated as in-game currency, NFT tokens have great utility in project metaverses.
Following the wave of this trend, Binance has the 5 most popular NFT coins available, with a promotion based on the opening price of February 22, 2022 in the exchange from Binance.
One option: play to win
- What to play to generate income in the metaverse? What is new in the metaverse is that there are also numerous video games that, associated with investment in digital assets, allow you to increase income in a fun way. Below we have listed the top 5 NFT coins, which are gaining popularity among investors and traders.
MANNA
Decentraland (MANNA) is a virtual reality real estate platform that allows users to create, experience, and monetize content as well as apps. It is valued at a price of $2.79 and has a market capitalization of $4.48 million as of February 22, 2022.
Players can use MANA to purchase LAND NFTs and other digital assets in Decentraland. Additionally, the creators of Decentraland can use MANA to incentivize virtual structures, experiences, theme parks, and other entities. MANA tokens can also be used to pay for a variety of avatars, wearables, names, and more on the Decentraland marketplace.
sand
sand is the main utility token and medium of exchange in The Sandbox ecosystem, allowing users to own, develop and monetize their gaming experiences. It is valued at a price of $3.22 and has a market capitalization of $3.18 million as of February 22, 2022.
Players can accumulate SAND through gameplay and spend it to play games, purchase equipment, or customize avatars. Creators can also spend SAND to purchase assets such as LAND or upload assets to The Sandbox marketplace platform. By having SAND, you can also participate in governance decisions and make stake of SAND tokens to earn rewards.
AXS
Axie Infinity (AXS) is a game of trading and fight based on blockchain represented by Axies, the game’s NFT characters. AXS it is the native governance token of the Axie universe. AXS holders can claim rewards if they make stake of their tokens, play games or participate in key governance votes. AXS is accepted as a currency within the Axie NFT marketplace. It is valued at a price of $53.46 USD and has a market capitalization of $2.90 million as of February 22, 2022.
GALA
GALA is the native token of Gala Games, a platform for different video games in blockchain player ownership. Players who own NFTs can influence the governance of games within the Gala Games ecosystem. The GALA token is used to purchase items, upgrades, and other assets within the games, and also functions as a governance token. It is valued at a price of $0.25 and has a market capitalization of $1.55 million as of February 22, 2022.
ENJ
Enjin Coin is a project of Enjin, a company whose goal is to offer gaming products on the blockchain that facilitate the development, trade, monetization and market within the blockchain. ENJ is a digital store of value used to support the value of the assets of blockchain like NFTs, giving in-game items real-world liquidity. It is worth $1.54 and has a market capitalization of $1.19 million as of February 22, 2022.
Via Binanceyou can buy these and other NFT coins, in a safe and informed way the NFT coins, as well as advice to start investing in the world of cryptocurrencies.
About Binance
Binance is the world’s leading provider of blockchain and cryptocurrency infrastructure with a suite of financial products that includes the largest digital asset exchange by volume. Trusted by millions of users around the world, the platform for Binance aims to accelerate the adoption of cryptocurrencies, offering a significant portfolio of crypto products and services, including: trading and finance, education, information and research, social responsibility, investment and incubation, decentralization and infrastructure solutions.
