The NFT Minefield
There are millions of NFTs out there. Let’s face it, not all of them will see their value rise. There’s just no telling which NFTs will “catch on” and which ones will go bust. Many NFTs rely on virality and (passing) popularity. There’s no way to tell which ones of those will truly succeed, especially when barely anyone even understands what an NFT truly is.
Other NFTs, however, try to provide some utility. They assign a use to the digital asset besides owning the digital art itself. That might entail receiving a physical piece of art that matches the NFT you purchased or being granted access to a special event, i.e. exclusive memberships. NFT marketing has also seen some major success stories.
In these times of inflation, everybody is coming to understand the value of cryptocurrencies and why you should be investing in Bitcoin. On the other hand, here are 10 interesting NFTs to consider, if they tickle your fancy more.
In essence, it’s a play-to-earn football manager. You can earn by staking, owning, or renting NFTs and make an income while doing something fun – playing football.
Another thing to note is that Dribblie is a deflationary game. That means that, through burning and staking mechanisms, the value of the remaining assets increases over time.
Ways to earn money on Dribblie:
- Win Matches
- Win Trophies
- Win Quests
Azuki project is navigating the ever-blurring lines between the physical and digital world. Azuki is a collection of 10.000 avatars that also grant membership to “The Garden” which is a platform that brings art, community, and culture together.
Azuki uses avatars and partnerships for streetwear, NFT drops, and eventually, live events.
Property’s is a part of the Sandbox user-generated metaverse that’s still taking shape at this very moment. Metaverse is a technology worth investing in and of itself, particularly the small, penny stock companies. On the other hand, metaverse-related NFTs are some of the more promising NFT projects.
Property’s is an innovative real estate collecting game that brings together some of the best mechanics from the world’s most popular games. Each NFT card represents a piece of real estate inspired by various cultures throughout the world.
Property’s has been securing partnerships with brands and other NFT communities even ahead of launch. For example, the game will feature Crypto Barista-themed coffee shops.
Autograph.io is centered around sports. Famously co-founded by Tom Brady, it seeks to connect fans and athletes in an unprecedented way. Some of the early partners are really big names in their sports, such as Tony Hawk, Simone Biles, Usain Bolt, etc.
All in all, it seems that Autograph.io seeks to build a space where triple-A listers can dip their toes into crypto influencing in a more highly curated environment.
Treeverse is an open-world MMORPG with a MOBA-like combat system. You can join guilds, beat dungeons, delve into the lore, fight monsters, and craft weapons. In short, pretty much anything and everything you’d expect from a MMORPG.
Treeverse has been consistently appearing in the top 100 NFT purchases on OpenSea and is very popular. It doesn’t have a website yet, but Endless Clouds HQ delivers monthly updates.
Mutant Ape Yacht Club
Not really a brand new upcoming NFT project, but more so an extension of an existing one. If you own a Bored Ape Yacht Club NFT, you can “poison” it to cause it to mutate. This transforms your Ape into a new piece of digital art, different than the original.
The collection includes up to 20.000 NFTs and given the success of the Bored Ape Yacht Club project it’s not surprising that many are going for more than 20 ETH on OpenSea.
Whether the two Ape projects will interact in the future and how – remains to be seen.
Nouns is a project that seeks to create a community gathered around a unified treasury.
The idea behind the project is to mint one NFT character (Noun) daily, indefinitely. Ownership of the Noun will grant access to a DAO treasury which will be filled by the purchase of the aforementioned Noun(s). The Noun holders will govern the treasure and decide what it will be used for as well as provide input for the project’s direction.
Decentraland is a metaverse with its own DAO. Its world is fueled by its marketplace of assets such as wearables and land.
All one needs to play in Decentraland is a browser and it’s also recommended to own a crypto wallet like MetaMask to help protect you digital assets that you will obtain.
Good option if you are looking for a long-term investment. The collection includes unique and crazy 10.000 characters hand-drawn by illustrator Scott Martin.
Token holders have a say in running the community and its direction. There exists a central treasury, Doodlebank, with more than $5 million worth of reserve in cash. Users can vote on how that money is spent on new projects and initiatives.
The project is ongoing and ever-evolving. For example, Scott Martin released a collection “Doodles in Space” featuring spaceships and other space-themed accessories for existing Doodles. The NFT drop is free and accessible to anyone owning a Doodle.
Yubo is a social live streaming app that enables users to connect with friends and meet people around the world. Users can chat, play games, and stream videos. Yubo also enables you to create communities based on interest.
Yubo’s first NFT collection is called Yubo Randos. The idea behind it is that some of the more memorable people we’ve met often came to us as complete “randos”, random strangers.
The collection includes 10.000 unique Randos. Every Rando is paired with a “fact” about it that makes it unique. Randos exist on the Ethereum blockchain and selling them entails a 10% royalty fee that will go towards merch and giveaways.
Yubo plans to introduce exclusive events and streams for Rando owners. The first of these planned events is supposed to take place in July 2022.
Rando’s cost 0.1 ETH and can be bought through Yubo’s NFT auction. Users can also receive Randos through giveaways and events on the app.
Find the use-cases that you are interested in and that seem like they might bring value to people in the next few years at least. Look where the big names are and dip your toes into those projects if you can.
Both the hype, celebrity endorsement, and having a decent use case are bound to keep an NFT project afloat. Try to differentiate between those whose artistic identity and hype might hold for a few months and those who will only truly start to mature in months or even years and trade them accordingly.
Diversifying your portfolio can be appealing, but presents a whole new challenge. To keep track of all the data and moving parts, consider getting data integration software to help you out.
Finally, seeing as blockchain systems other than Ethereum are emerging in the NFT sphere, playing off of better efficiency or speed, it’s worth considering some of them. Ripple has recently started off strong here so it might be time to buy XRP.
Remember to invest responsibly as this is a volatile market that’s still in its infancy!