Top 9 NFT digital currencies for long-term investment in 2022
The top NFT currencies include Decentraland (MANA), Axie Infinity (AXS), Sandbox (SAND), Theta, XTZ, etc.
NFTs are still in their early stages and are expected to grow exponentially in the future. NFTs are unique and cannot be exchanged for something the same. There are many NFT cryptocurrencies available for sale in the market and thousands of new projects are launched daily. Their popularity has led them to almost every major top cryptocurrency exchange in the market. Even though the expansion of NFT cryptocurrencies is still in its early stages, it is quite obvious that the top NFT cryptocurrencies are already dominating the crypto market. 2022 is predicted to see the presence of several brands in the NFT market. Among these brands, we can mention Budweiser, Adidas, etc. As profitable NFT digital currencies continue to grow, trading volume, asset liquidity, and the number of new users will continue to expand for the market. In this article, we have mentioned the Top 9 NFT digital currencies for long-term investment in 2022.
What is NFT in cryptocurrency?
Tokens are digital assets that can be transferred to others and also store capital value. This type of digital asset was created by different companies based on blockchain technology. Each of the investors also uses different tokens to achieve their desired goals. NFT (Non-Fungible Token) tokens are unique digital assets and a certificate of authenticity that can be collected on a blockchain. NFTs can be very valuable due to their unique characteristics. An NFT digital asset can be created from audio, graphic, video files, etc., each of them has its role, function, and uses. To create NFT (Non-Fungible Token), applicants do not need to have the expertise and it is enough to take help from a few tools and create this token. Therefore, these people must familiarize themselves with the tools needed to create an NFT token and then go through the steps of making it.
Top 9 NFT digital currencies
Decentraland ranks as one of the top NFT cryptocurrencies to invest in. MANA is also one of the largest NFT cryptocurrencies by market cap. Based on the Ethereum network, Decentraland offers 3D virtual lands secured by ERC-721 tokens called LAND.
2-Axie Infinity (AXS)
Axie Infinity is a top NFT cryptocurrency to invest in in February 2022. AXS is focused on creating a strong appeal in the game. Axie Infinity is also considered the Holy Grail in the NFT community due to the fractional ownership that players enjoy using the Axie protocol.
Sandbox is another top NFT cryptocurrency to invest in. Another major contender for the new Metaverse sub-sector is Sandbox NFT, which is focused on revolutionizing the gaming industry by creating, sharing, and monetizing in-game assets. In the last few months, the SAND token has risen sharply.
THETA is another top cryptocurrency for long-term investing. Theta Network's goal is to create a revolution in content and video streaming services. It also allows users to share their bandwidth and computing resources in a peer-to-peer format. The decentralized nature of Theta makes video playback easy and convenient.
The XTZ blockchain team promises a stronger blockchain experience for users; because it is more scalable, more energy efficient, and cheaper. The appeal of XTZ is in its automatically upgradeable software. The XTZ team states that the protocol is future-oriented.
Alice My Neighbor Alice is a blockchain-based multiplayer crafting game that features a fun, player-driven story full of blockchain-based features. The game's storyline provides an ideal outlet for social interaction and creativity among users.
7-WAX (Worldwide Asset Exchange)
WAX or Worldwide Asset Exchange is a decentralized exchange that acts as a trusted and fair marketplace. Its extensive network verifies and authenticates digital goods using blockchain. It has also become one of the most popular NFT exchanges where the entire collection is sold out in the shortest time.
Flow is a fast, decentralized, and scalable blockchain designed to underpin a new generation of games, apps, and digital assets that can power the rest of virtual products. Flow is a layer-one blockchain created by a team that consistently delivers great consumer blockchain experiences to users.
Chiliz is one of the leading digital currencies for sports and entertainment. The platform launches Socios, a blockchain-based sports entertainment platform that allows users to participate in the management of their favorite sports brands. Fan tokens are also offered by the platform to unlock new revenue.