Since its introduction to the crypto world, NFTs have experienced rapid development in terms of acceptance, invention, and use cases. NFTs have quickly made their way into popular media and near-future projects such as the metaverse. NFT holders may now access and unlock intriguing possibilities thanks to the increase of NFT applications and utility. NFT currencies are working hard behind the scenes to promote NFTs and have lately gained recognition for their support of metaverse formation, transaction, and economics. In this post, we’ll look at what NFT coins are, how they vary from NFTs, some of the most popular NFT tokens, and how you can purchase them on Binance to diversify your NFT portfolio.
NFT tokens are useful in the metaverses of projects since they may be used as a means of commerce, staking rewards, and in-game cash. The top NFT currencies on Binance are shown below.
- Decentraland (MANA)
Decentraland (MANA) is a virtual reality real estate platform where users may develop, consume, and monetize content and apps. Decentraland is one of the first crypto game metaverses. There are currently a variety of activities taking place here, including concerts, meetings, and other gatherings. MANA NFT coins may be used to pay for purchases on the Decentraland Marketplace. Ethereum, a major blockchain, powers Decentraland. Artworks, social games, applications, 3D art, and challenges are all available in this Marketplace. Users may buy and sell digital game assets including avatar clothing, land, and estates, among other things.
- The Sandbox (SAND)
SAND is the Sandbox ecosystem’s principal utility token and medium of exchange, allowing users to own, construct, and monetize their game experiences. NFTs may be used to produce digital voxel assets, which can then be uploaded to the Marketplace and merged into the game using the Game Maker. They may also buy land in the virtual Sandbox metaverse and populate it with digital items and games to improve its worth. The SAND currency also serves as the platform’s governance.
- WAX (WAXP)
WAX has onboarded some of the world’s most well-known businesses and maintains its position as a low-cost NFT platform. WAXP is the most often utilized token on WAX. WAX (Worldwide Asset eXchange Ecosystem) is a blockchain designed specifically for NFT transactions. WAX delivers blockchain-based solutions enabling businesses to develop NFT collections, such as Marketplaces, dApps, exchanges, and games. WAX is a decentralized digital entertainment and gaming network that may be used to generate, store, purchase, and trade NFTs. WAX takes pride in being a carbon-neutral blockchain.
- AXS
Axie Infinity is now the most popular and played NFT game. The governance token, AXS, allows players a say in the game’s direction. It’s similar to purchasing “stock” in Axie Infinity. Axies, the in-game NFT characters, represent Axies in Axie Infinity, a blockchain-based trade and battle game.
As of February 22, 2022, Axie Infinity (AXS) is worth $53.46 and has a market capitalization of $2.90 million.
- ENJ
Enjin coin is a project of Enjin, a business that aims to provide blockchain gaming products that make it simple for anybody to produce, exchange, sell, and promote blockchain-based goods. ENJ is a digital store of value that is used to support the value of blockchain assets such as NFTs, providing real-world liquidity to in-game products.
Since its inception in 2017, Enjin has been the market leader in the NFT gaming area, with a tremendous head start. Prior to it, they were a hugely successful game firm.
