NFT’s continue to be one of the most exciting features on $ETH
Not only do they create a layer of scarcity for digital assets, but they also have a wide range of applicable uses in the real world
Let’s take a look at some of the most intriguing projects building in the space..
1. Axie Infinity
With its unique “play to earn” model, $AXS has risen to be the #1 game on $ETH by daily, weekly, & monthly active users while amassing revenues in the tens of millions of dollars
It is a Pokémon inspired universe where players can earn tokens through gameplay
2. Enjin
$ENJ is a complete ecosystem allowing users to create, distribute, store, & trade tokenized digital assets.
Users of the platform can create $ENJ backed digital assets in the form of artwork, currencies, in game assets, or even real estate.
3. Unlock Protocol
$UDT is an open source protocol designed to help creators monetize their content without a middleman
Creators deploy “locks” in the form of NFT’s with specific parameters allowing for tickets, customizable memberships & even paywalls for online content
4. Illuvium
$ILV is an open world RPG adventure game featuring a play to earn model where users are rewarded with $ILV for exploring and capturing NFT creatures, known as “Illuvials”, in combat.
The project is launching on Immutable X, the first L2 solution for NFT’s.
5. Terra Virtua Kolect
Founded by ex executives from Microsoft, Electronic Arts, Warner Bros, & PlayStation VR, $TVK aims to revolutionize digital collecting.
$TVK creates a fully immersive virtual universe where brands and enterprises can interact with real world customers
6. The Sandbox
Inspired by Minecraft, $SAND is a virtual world where players can build, own, & monetize gaming experiences using NFT’s.
The $SAND virtual world is made up of LAND, digital pieces of real estate, that players can buy and build virtual experiences on top of
7. Aavegotchi
$GHST is an NFT game inspired by Tamagotchi. Aavegotchi’s are NFT’s themselves, each of which has their own unique properties
Characteristics of Aavegotchi’s can be continuously improved & made more valuable dependent on the amount of time & $$ invested into them
8. NFTX
$NFTX is a platform for making ERC20 tokens that are backed by NFT’s. These tokens are called “funds”, and are fungible & composable.
With $NFTX it is possible to trade funds based on your favorite NFT’s such as crypto punks or Axie’s right from a dex like Uniswap
9. Ethmoji
Ethmoji allows you to create your customized, provably unique avatars on the blockchain
Ethmoji’s consists of a set of layers: a base layer, a set of eyes, hair, & glasses
When a new Ethmoji is made, all owners of the Ethmoji used in the composition earn royalties
10. Dada NYC
Dada is the first collection of tokenized art made by artists on $ETH, outdating even some of the oldest instances of NFT’s such as cryptokitties
It facilitates an “invisible economy”, where 160k+ users collaborate with each other in the form of drawings.
11. Audius
$AUDIO, a blockchain streaming platform, allows artists to showcase & merchandise their own unique NFT’s in a direct-to-fans approach
It boasts an incredible 4 1/2M active monthly users, & is one of the very few projects tapping into the music industry with NFT’s
12. Ethereum Name Services (ENS)
ENS is a domain naming system created by the the $ETH Foundation
The platform has over 190k registered “.ETH” domains that are unique & non fungible which allows for them to be seamlessly integrated into wallet interfaces and NFT marketplaces
13. Sorare
Sorare is a fantasy game of soccer where users can buy, sell, trade, & manage a virtual team with digital player cards
Users can buy tokens that represent other players to improve their team & even receive monetary rewards depending on how well they do in real life
14. Decentraland
$MANA is a 3D virtual reality platform powered by $ETH.
Once in decentraland, users can purchase plots of land in the form of an NFT, which represent estates and parcels of the virtual world that can later be traversed upon, built on, and monetized.
Although people often associate NFTs with digital art, it is becoming more apparent every day that they have a much wider range of applications that many aren’t talking about
If you made if this far, I hope you enjoyed!🧁
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