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Be On The Lookout For These NFT Tokens

This list just might get you rich.

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Although 2020 was a major year for cryptocurrencies and the start of DeFi’s rise, 2021 will be all about non-fungible tokens (NFTs). NFTs aren’t exactly new. The underlying idea behind NFTs didn’t come to fruition until the launch of Cryptokitties, an Ethereum-based game.

Since then, NFT-mania has erupted, resulting in sky-high prices for one-of-a-kind collectibles. Global musicians, entertainers, actors, and other high-profile individuals have raised visibility and also inspired legacy auction houses including Sotheby’s and Christie’s to participate.

The platforms and tokens that sustain these novel creations are one of the major drivers of this trend. The dynamic approach of NFTs, according to Luis Aureliano, a financial analyst and macroeconomics specialist with more than 15 years of experience, is another significant step toward making blockchain more relatable to a wider audience.

“Cryptocurrencies, though becoming more practical, have had a slow acceptance rate due to their limited appeal. NFTs also sparked widespread interest, due in part to a slew of celebrity endorsements that have brought national exposure to the nascent industry.”

According to Luis, the platforms that have fueled NFTs’ rise in popularity are the very epicenters of their creativity, as evidenced by rising native token valuations.

“Some of these platforms’ services were deemed worthless when they first appeared. Now, these same companies are laughing all the way to the bank as pop culture, art, and collecting make their way into their ecosystems, boosting blockchain interaction. The value of corresponding tokens reflects this fact and foreshadows NFTs’ future potential.

These nine native NFT platform tokens, according to Luis, are worth keeping an eye on as their success and stewardship herald a new age for blockchain’s usability and scope.

Ethernity

At the moment, Ethernity Chain is one of the most popular NFT platforms. In March, the value of its utility token, ERN, increased dramatically. It was listed for $0.275 when it first launched on March 8, 2021, but this number quickly jumped to $3.50 after its IDO on Polkastarter ended. It was trading at $33 within five days, and on March 27, 2021, it hit an all-time high of close to $74. Despite the fact that the price has since fallen to $38.7, its price trajectory in less than a month indicates that it has considerable potential.

Ethernity Chain is a digital art marketplace that sells NFTs sports cards, collectibles, and digital artwork. Its mission is to donate a portion of its profits to charity and encourage social good. It also assists artists and other creatives in auctioning their works, with a portion of the proceeds going to the artist’s chosen charity. The platform is still growing, and it recently announced a partnership with Kinetic Company, a crypto investment firm that will help it broaden its ecosystem.

Ethernity recently took a giant step toward revolutionizing the licensing industry by teaming up with Jason Hauser, a well-known digital artist. This is consistent with Ethernity’s trend of collaborating closely with top artists in order to promote them better.

Theta

Theta blockchain is a network that uses its cryptocurrency to stream videos. It was created to address the issues facing the streaming industry by incentivizing users to share their network bandwidth. In return, users are given Theta tokens. Theta has enormous potential as the only end-to-end platform for decentralized video streaming and distribution.

THETA is currently worth $11.79, and as the Theta blockchain develops, there is more space for development. Surprisingly, the asset was once among the top ten crypto assets by market capitalization, indicating its immense potential. It was founded in 2018, and it already has backing from Samsung Electronics’ venture arm and Sony Corporation’s Innovation Fund, indicating that it has the support of major industry players.

Superfarm

SuperFarm is another NFT platform to keep an eye on. Its creators defined it as a cross-chain DeFi protocol that can convert any token into an NFT farm without the need for any coding. This would address the dilemma of many crypto projects’ underlying assets and tokens having tangible usefulness. The platform provides a set of tools that projects can use to incentivize behaviors and add value to tokens.

The SuperFarm token is currently valued at $2.77, more than double its value from a month ago as more people understand its utility and value. SuperFarm is a fantastic forum for crypto-to-crypto and NFT farming because it is so easy to use. Its user interface is excellent, and its NFT infrastructure is extensive, with an NFT marketplace, NFT generation, ERC20 generation, NFT multiverse video game, NFT farming, and Crypto farming capabilities all available.

Decentraland

This is a platform that should excite anyone who enjoys gaming and is interested in blockchain technology.  Decentraland is a decentralized virtual reality gaming platform that was announced in 2018 but was not available until 2020. The platform is built on Ethereum and is designed to help people create, build, sell, and host virtual assets.

Users can purchase virtual properties on Decentraland in order to start an online or virtual company. The platform’s virtual lands can be used to build various structures that can be monetized or sold for profit. The ERC-721 token LAND represents the land and is a non-fungible asset on the platform. There are 90,000 pieces of LAND, each measuring 33 by 33 feet. A LAND height, on the other hand, has no ceiling, so an owner could potentially keep building higher.

A set of LAND forms a district, which is a community of buildings with a common theme, much like in real cities. The native cryptocurrency, MANA, is an ERC-20 token that gives users the ability to vote on issues affecting their districts. It can also be used to purchase LAND as well as other virtual resources and properties on the platform. Its present value is $0.9858.

LAND in Decentraland can be used for something. Rarible, SuperRare, MakerDAO, and other blockchain companies have used their LAND parcels as virtual offices and galleries. Some people use it for virtual meetings and live events.

Enjin

Another gaming network based on blockchain technology. Enjin is basically a storage and management platform for virtual assets used in games. Enjin can thus store, handle, and sell anything from tokens representing unique in-game objects like accessories or guns to in-game currencies.

It is based on the Ethereum blockchain and uses the ENJ cryptocurrency as its native currency. Users may build digital assets to incorporate into apps and games as required, with the assets being customizable to function on the platform in question. The assets are valued in ENJ, which is currently trading at $2.39 per share. Enjin’s value comes from its ability to mint digital assets for a variety of gaming environments. Already, the platform has partnered with major corporations such as Microsoft, which acknowledges the platform’s immense potential and importance to its ecosystem.

Kiwie

 This platform is a digital art marketplace where street artworks are sold as NFTs. For every painted street artwork, a corresponding digital artwork is created and minted, and an NFT containing the physical coordinates is added. Anyone who purchases digital artwork on the platform will also be the owner of the street art. The digital artwork turns into a ghost version when the street artwork is repainted or destroyed.

This platform’s goal is to have KIWIE “fat monster” street artwork in 195 countries.

Unicly

Unicly is a non-fungible token that is worth considering in addition to all of these. Despite the fact that it has yet to launch, the promise that this platform holds for the NFTs industry as a whole ensures its future success. Unicly’s main selling point is its ability to fractionalize NFTs. NFTs are commonly thought to be one-of-a-kind tokens that contain one-of-a-kind digital properties. Although this has been their main selling point, it has also proven to be difficult, particularly when selling expensive NFTs. Users would be able to own a fraction of an NFT via Unicly, allowing for greater liquidity. The platform will include uTokens, which will enable holders of these NFTs to vote on whether to sell or hold.

Terra Virtua

Terra Virtua can appear to be similar to Decentraland at first glance. Terra Virtua, on the other hand, does not have the same experience; Terra Virtua is an Augmented Virtual Reality platform that allows users to sell, collect, and create NFTs.

Terra Virtua will allow users to buy or build NFT environments such as race tracks and virtual lounges, and then populate them with collectible NFTs that can be won, purchased, or built.

Terra Virtua, which sells collectibles from movies like Pacific Rim and Lost in Space, is designed for collectors to show off and explore their collections in a secure environment protected by Blockchain’s decentralized framework.

Hoard Platform

The Hoard platform has announced the launch of an NFT marketplace where users can lend, rent, and exchange NFTS. Lenders may use NFTs as collateral to grant stablecoin loans with premia.

Staking on Hoard’s HRD coin is also supported by being liquidity providers on decentralized exchanges like Uniswap, in return for UNIv2 coins, percentages on the trading pair, and bonuses on the Hoard marketplace.

In addition, Hoard wants to link its NFT marketplace with software development. This one-of-a-kind value proposition will be realized through infrastructure that connects in-game objects to the Ethereum blockchain.

The Hoard SDK is the software development kit for Hoard’s operation. It will be an easy-to-use Open-Source platform for integrating any game with its blockchain.

The development kit, which is known for its ease of use and thorough documentation, will enable game developers to continue working with NFTs without being bogged down in the world of blockchain coding. Players’ in-game properties, such as virtual real estate or collectibles, can now be easily tokenized, allowing them to exchange items more easily.

To Sum It All Up

Experts and observers predict that 2021 will be the year of NFTs. So far, developments in this space suggest that this is the case. From the millions of NFT artworks already sold to the production of many channels, it is obvious that it is here to stay. The most expensive piece was a $69 million art piece by Beeple. Since it is all in its early stages, there are a lot of things to keep an eye on.

NFT

Could this trademark application indicate that PayPal is developing an NFT market? 

A trademark application for blockchain and cryptocurrency technology has been submitted by PayPal. Some claim that the file has something to do with Web3 and the metaverse, although it may be tied to an NFT marketplace.

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A recent trademark application by PayPal has been found, and it suggests the development of a service pertaining to several facets of blockchain technology. The file, which was made on October 18, makes a notable allusion to the potential introduction of a non-fungible token (NFT) market.

For its logo, PayPal submitted two trademark applications. The first one concerns “downloadable software” for cryptocurrency trading and storage. The second discusses cryptocurrency-related payment processing services.

Although users may currently buy cryptocurrencies on PayPal’s platform, this filing suggests that there may be more to come. The concept of assets is substantially broader in the filing’s terminology. Mike Kondoudis, a trademark lawyer licensed by the USPTO, claimed on Twitter that this filing relates to NFTs and the metaverse.

Although there is no proof to support this, it would not be shocking if it were true. The finance business would be adding its name to a lengthy list of businesses that are starting to make inroads into the Web3 and metaverse spaces.

PayPal is investing more in cryptocurrency.
Over the past two years, PayPal has intensified its focus on cryptocurrencies. First, the company made a huge announcement for the industry by saying that consumers would be able to purchase cryptocurrency on its platform.

However, it didn’t start enabling users to move those funds into wallets outside of the network until recently. It indicated that it would roll out additional crypto-related features in the latter part of last year. One of those additions might be an NFT marketplace.

It teamed up with Coinbase’s TRUST network more recently. This was viewed by many as an endorsement of the sector. The TRUST network upholds consumer security and privacy while adhering to the banking industry’s Travel Rule.

Increased Criticism of Payment Giant
Additionally, PayPal has been in the spotlight for all the incorrect reasons. The business has recently come under fire for a contentious policy that penalized users for disseminating false information. Later, it claimed that false information was released with the amended policy. Crypto aficionados, however, were eager to point to this as evidence of the value of decentralization.

PayPal established a blockchain and cryptocurrency advisory committee earlier this year. According to the company’s management, working with governments is essential to overcoming obstacles and seizing possibilities.

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NFT

Seba Bank, a cryptocurrency company, aims to store valuable NFTs

Seba Bank, a cryptocurrency company, has launched its first NFT service, a blue-chip NFT-specific institutional-grade, certified, and independently audited hot and cold storage custody product.

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The launch comes in response to requests from customers to keep their NFTs with the bank alongside other crypto assets, such as the already-approved Bored Ape Yacht Club, Cryptopunk, and Clone X NFTs. The bank stated that new collections would be added based on customer demand.

With its newest offering, Seba Bank seeks to entice investors who view NFTs as an asset class and crypto natives. Not your keys, not your bitcoin is a well-known phrase in the crypto sphere, and adherents of this maxim could object to having their Apes or Punks stored with a third-party custodian.

Urs Bernegger, co-head of markets and investment solutions at Seba Bank, however, highlights a growing group of NFT holders who are more at ease handing up their NFTs and private keys to a company.

They don’t want the key because they aren’t even aware of how to handle and store it. He claimed that they’re more concerned with damaging the key than giving it to a bank.

It’s a significant issue. Between 2.3 million and 3.7 million bitcoins, according to Chainalysis, are trapped in inaccessible wallets. Numerous accounts of people have lost millions owing to losing private keys, including Russian officials, students, and engineers. Families have also been prevented from accessing substantial quantities of money following sudden deaths in which wallet owners had not disclosed their private keys.

Bernegger asserts institutional custody can be advantageous for native crypto users as well. There has been an increase in businesses providing services that employ NFTs as collateral for conventional banking services like loans.

Seba Bank is thinking about implementing these features in the future. Based in the crypto-friendly Swiss town of Zug, the four-year-old bank already backs several investing, credit, lending, and staking options for cryptocurrencies and might extend them to NFTs.

“Instead of traveling to the market, for instance, we could create a club for collectors and assist them in finding other collectors. There are a few things we have in mind, but we laid the groundwork by storing NFTs securely at first, “explained he.

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Projects

The NFT album maker for Kings of Leon now includes a metaverse music venue

YellowHeart, a Web3 ticketing startup, is opening a metaverse music venue in an effort to transform how performers, teams, and event organizers distribute tickets and interact with fans.

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The facility, constructed on Spatial, will feature Grammy-nominated blues musician G.Love as its opening act later this year. Fans can communicate with one another, participate in meet-and-greets before and after performances, and use several screens to view what is happening in various areas of the stadium simultaneously.

They will soon be able to order meals and drinks before the event, which will also be available as digital things.

The idea of an online concert has so far primarily been popularized by big gaming companies. The most well-liked virtual competitions have occurred on sites like Fortnite and Roblox. Ariana Grande’s Fortnite concert in August 2021 received 78 million viewers. Next month, Decentraland will host its second Metaverse Music Festival. Over 100 musicians are on the lineup, including well-known performers like Ozzy Osbourne and Soulja Boy.

In addition to throwing an event, YellowHeart, which assisted Kings of Leon in releasing an NFT version of their most recent album, stated that it hoped to accomplish more. It was established in 2017 with the lofty goal of revolutionizing the music ticketing sector as a whole, which has historically been dominated by powerful reselling organizations and exclusive ticketing relationships. These alliances frequently impose limitations on what purchasers can and cannot do with their tickets. Trying to resell a ticket for a concert you can’t go to might be a headache.

YellowHeart believes these issues can be resolved by returning control to artists and fans via web3 technology. Additionally, it may provide advantages that cannot be programmed into conventional tickets.

“These range from complete albums to personalized vinyl records, exclusive merchandise, and immersive visual art. Web3 tickets also allow performers to update fans on new tour dates, music releases, giveaway possibilities, and much more, according to the business.

It has already collaborated with well-known figures, including Julian Lennon, Maroon 5, and MGM Resorts. Contrary to the non-NFT versions offered on Spotify, iTunes, and other platforms, those obtained through YellowHeart entailed particular customer benefits.

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