Non-fungible tokens (NFTs) have gained cultural relevance and popularity recently. The NFT industry saw dramatic growth in 2021, attracting investors to the new way to own digital arts. Analysts believe the sector will continue to flourish, with many new NFTs proving a worth investment.
The NFT space allows investors to buy, trade, and sell assets privately and securely. Here are the top NFT cryptocurrencies to consider buying.
Polygon (MATIC)
Polygon (MATIC) is a crypto platform ready to solve ETH congestion issues. Moreover, the layer2 blockchain can help decentralized app developers avoid expensive charges. Users can use the platform’s native coin, MATIC, to complete payments.
Polygon targets instant transactions and simplified scalability. The network handles about 65K transfers per second, with block confirmation taking around 2 seconds. Also, the blockchain allows developers to build worldwide accessible DeFi apps.
Most non-fungible tokens on Polygon have seen increased popularity since the year started. Transaction volume surged by approximately 6000%. Meanwhile, developers have used the Polygon blockchain to create more than 7,000 web3 applications. Moreover, many ETH-based web3 projects are migrating to the Polygon platform due to fasters transactions and lower gas charges.
Its complete interoperability with the EVM (Ethereum Virtual Machine) makes it earlier for developer migration to Polygon. For now, MATIC trades at $0.41, ranking 18th in the crypto-list by value. The project can rival high-value cryptos like Ethereum and Solana since it’s accessible and inexpensive.
Axie Infinity (AXS)
Axie Infinity is a non-fungible token metaverse, allowing users to buy & trade NFT collectibles Axies. The platform utilizes the ETH blockchain to complete smart contracts, using AXS, its utility token. AXS has attracted many investors due to its profitability indices.
Axie Infinity ranks in the top 50 cryptos, with a nearly 22,780% ROI for traders who purchased the alt in 2020 when it traded at $0.123.
Makers revealed Axie Infinity boasts more than 2.2M active players each month, making it the top NFT game. Axie players have fascinating demographics; most are low-income earners, while a quarter remains unbanked. These individuals depend primarily on crypto for income.
The non-fungible token project boasts over $1 billion in market value, thus among the top crypto to put your cash into this year. Some leading investors backing Axie Infinity as projects include Animoca Brands, COIND, Leon Hillmann, and Libertus Capital.
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