Non-fungible tokens, known as NFTs, are an exciting new asset class that’s becoming more popular as blockchain technology develops. But what exactly are NFTs? Why should you invest in them? And how do you go about purchasing them? In this article, we’ll explain what NFTs are and why they’re the future of the blockchain industry and give you the top 10 NFTs to invest in right now.
Decentraland
Decentraland is a virtual reality platform powered by Ethereum and built on open standards. Users can create, experience, and monetize content and applications. As part of Decentraland’s mission, we recently released an ERC721 standard for non-fungible tokens. Given how important NFTs are becoming for developers of blockchain games and virtual worlds, we thought it would be helpful to explain some of our thinking behind creating these standards as well as provide some resources for getting started with your own implementations using Unity. We hope that these examples help make more developers aware of just how powerful Ethereum + ERC721 can be when used together with Unity!WAX
WAX is a new cryptocurrency that has been causing a lot of stirs among gamers. WAX stands for Worldwide Asset eXchange, and it allows anyone to create their own online marketplace. If you want to run your own store, but don’t want all of your items and operations tracked on an existing platform like Steam or GOG, then WAX could be perfect for you.CryptoKitties
The concept of digital collectibles is nothing new, but CryptoKitties has taken it mainstream by giving players ownership over their digital assets. At its core, CryptoKitties is an ethereum blockchain game that allows users to adopt, collect and breed digital kittens. Each kitten has unique 256-bit genome (DNA) represented as a visual string with letters and numbers that serve as a kind of identity for each creature. Users are able to buy, sell or exchange them for ETH tokens with other players.ERC721x / Rare Bits
ERC721x is a standard for non-fungible tokens that was formalized as an EIP (Ethereum Improvement Proposal) on November 20, 2017. You can think of non-fungible or unique tokens like trading cards, where each one is different and distinct. These are used by blockchain games and apps where there are things like collectibles, trophies or limited edition items — they’re just one way developers can use tokens within their applications.Propy
Propy is a marketplace for buying and selling property on blockchain. It’s easy to buy, sell, and store property on Propy’s decentralized title registry. Find out more about them here . Or check out their site here . Their native token is PRO.CVC Games
CryptoKitties has made a splash because of its popularity and use of blockchain technology. But it’s not the only way to collect and trade unique, digital creatures: there are plenty of other platforms available. Here’s our list of ten NFT games (NFT = non-fungible token) that you can try now.OpenSea
OpenSea is a peer-to-peer marketplace for non-fungible tokens. While it doesn’t have as many NFTs for sale at a given time as RareBits, it’s arguably better designed and has more tools for managing NFT collections—such as setting up auctions. These factors can make OpenSea one of your best options if you want to sell off a big collection all at once.Dentacoin
Dentacoin is a platform that provides consumers, dentists and suppliers with a transparent approach to receive and distribute information based on blockchain technology. This project has one goal, to create value for all participants of the dental industry. Creating value for each participant means that Dentacoin will run two different types of markets within their platform. Dentacoin’s token is called DCN and was recently listed on KuCoin cryptocurrency exchange market on January 3rd 2018.BlockTix
Blocktix is an Ethereum based platform that intends to disrupt ticketing by creating a secure, counterfeit proof and dynamic marketplace for tickets. Blocktix will enable event hosts to create, manage and promote their events and tickets with dramatically reduced fees. It will also allow ticket buyers more choice of which agency they buy from, get access sooner and use points accrued through other purchases on their favourite events.IHT Real Estate Protocol
IHT is a blockchain based platform that utilizes smart contracts and trustless smart proxies (relayers) to bridge communication between buyers, sellers, real estate agents and notaries. This innovative solution will ensure trustless transactions between all parties involved through automatic execution of each party’s right upon transaction completion. The IHT Real Estate Protocol ensures that buyers never overpay for property, while sellers get a fair market value price for their asset.