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Top 5 NFT Startups To Keep On The Watchlist As Adoption Grows

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In 2021, the NFT sector exploded, bringing attention to digital games, artwork, and the opportunity of owning and utilizing digital land. There are several projects that provide excellent investment opportunities, or you can just acquire NFTs linked to digital or physical artwork if you want to supplement your collection with some of the most recent and inventive pieces of art.

Many people are expecting NFTs to take over the virtual world in the near future, as the metaverse grows fast. According to a survey conducted by the blockchain research website ‘Chainalysis,’ cryptocurrencies worth more than $44.2 billion were spent on NFTs alone in 2021! As a result, it is obvious that Non-Fungible Tokens are the way of the future!

That being said, Non-Fungible Tokens, or NFTs, have grown closer to the other major trends that have emerged this year, including DeFi, metaverse, and blockchain-based gaming. Of course, there are many projects that offer NFTs related to digital and physical collectibles, art, and the like, but this piece is focused on projects with big aspirations, as they have the potential to genuinely explode in the next few years.

1. Nexus Project

Nexus Project is building an ecosystem that features a range of suites of products and services that includes a payment gateway that leverages blockchain to provide a digital point payment infrastructure to both merchants and consumers. Nexus is the first blockchain-based project to integrate NFTs into loyalty point services.

Nexus will be issuing Generative NFT and LivingProof NFT, a service to create one-of-a-kind NFTs signed by celebrities and popular artists. Nexus is connecting major name brands and IPs in sports, culture, collectibles, and technology to the blockchain by granting NFTs utility in the fast-evolving Web3. Nexus will also create a process to verify creators on its platform, providing an increased level of trust and authenticity for users.

The platform also allows the issue of Gatcha-like NFTs mystery boxes, this will provide collectors with the opportunity to unbox rare digital collectibles. Each collection is made up of individually wrapped NFTs assembled by separate curators.

The project is also working towards tokenizing its loyalty point services, making it the first -mover in this kind of integration. This will enable merchants to deploy unique, tokenized digital rewards/points services, a reward system for loyal customers, ensuring secure, transparent, and tamper-proof mainstream payment services. Nexus can be followed on Twitter to keep up with all updates and future releases.

2. Bloktopia

Bloktopia is a decentralized metaverse powered by Polygon and based on the Polygon network. Bloktopia is a decentralized virtual reality skyscraper with 21 storeys (representing 21 million Bitcoin) that serves as a central hub for users to obtain crypto information and immersive entertainment in one location. Bloktopias let users educate themselves in the fundamentals or more complex crypto learnings, earn money by owning virtual real estate, playing games, developing networks, and more.

Furthermore, using a specific NFT mechanism, marketers and sponsors may monetize the platform’s user-base. Users may interact in an immersive world according to Bloktopia’s four fundamental pillars by delivering a VR experience for the crypto community.

Bloktopians can access special rights using the native utility token BLOK. It may be used to purchase real estate and advertising space, as well as to vote in the metaverse’s governance. Bloktopians may spend BLOK to buy avatars and customize their own version of the metaverse on the marketplace. You can follow Bloktopia on their social media network to stay updated.

3. Illuvium

Illuvium may be one of the most intriguing forthcoming NFT projects to invest in for gamers. Illuvium is an Ethereum blockchain-based fantasy role-playing game. It is one of the greatest new NFT initiatives, having been launched in January 2021 as a decentralized collection of NFTs.

Players can acquire one of over 100 Illuvials, each with a unique affinity, class, and ability. You may capture, merge, improve, and store your Illuvials, and choose from shiny, cosmic, or holographic designs in fighter, rogue, and empath classes. Illuvials can fight and capture defeated enemy Illuvials. They can also combine to grow more powerful, or they can form alliances with other Illuvials.

You may swap your assets instantaneously with no gas expenses to help enable smooth trading with your peers. Illuvials in-game should be stored in shards and NFTs in crypto wallets. NFTs provide you with staking power, letting you vote on future project changes. Follow Illuvium on social media to stay up to date on the freshest news and developments.

4. Star Atlas

Star Atlas, an amazing blockchain-based game set launched in the year 2020 with great cinematic quality and deep content, is one forthcoming NFT project we must discuss. These characteristics place it firmly among the top NFT projects established on the Solana blockchain. It’s quick, secure, and efficient, performing roughly 50,000 transactions per second, with ultra-low transaction costs and a revolutionary deflationary system that allows gamers to earn more rewards for engaging in risky activities. Star Atlas is an excellent alternative for players evaluating which NFTs to invest in.

Their most recent drop, in December 2021, includes almost $3 million in NFT spacecraft as part of their Galactic Asset Offerings. The proceeds from the sales will be utilized to further build the Star Atlas metaverse. During the NFT drops, more in-game items are available for purchase. Follow them on social media to stay up to date on their newest releases and upcoming NFT initiatives.

5. Crypto Blades

Riveted Games created CryptoBlades, a play-to-earn NFT-Role Playing Game. The game is centered on acquiring legendary Blades and the mighty Heroes that wield them. Players can engage in battle with their assets to obtain SKILL tokens (the governance token for the game). Assets are player-owned NFTs issued in accordance with the ERC-721 standard that may be exchanged on the private marketplace.

CryptoBlades employs a play-to-earn approach by sharing SKILL gaming and raising the value of player NFTs through future features. Because of the power of blockchain and BSC, CryptoBlades can grow and reward like no other game on the internet. Crypto Blade can be followed on Twitter to stay at the top of things.

The Bottom Line

This year has seen a dramatic surge in the number of NFTs, with most traditional industry players venturing into the sector. NFTs are becoming more common as non-designers realize the benefits of generating digital designs themselves. However, as crucial as 2021 has been for non-fungible tokens, industry players predict 2022 to be even more significant. What should be recalled is that, despite a successful 2021, NFTs are still in their infancy. In other words, by 2022, they should have evolved even more as a crypto subsector.

 

Image: Pixabay

The post Top 5 NFT Startups To Keep On The Watchlist As Adoption Grows appeared first on Live Bitcoin News.

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