The non-fungible token (NFT) sub-sector is seeing impressive adoption as more and more investors look to enter the rapidly changing crypto economy. According to industry website NonFungible.com, the NFT market has grown by more than 30,00% compared to the second quarter of 2020, reaching a total locked value of $754 million. While independent projects like CryptoPunks and Bored Ape Yacht Club (BAYC) have achieved amazing results in sales, in this article we will reveal some of the best NFT cryptocurrencies as we approach the tenth month of 2021.
1. Axie Infinity (AXS)
First up on our list of the best NFT cryptocurrencies to buy is a gaming platform inspired by Pokémon. Developed by Sky Mavis in 2018, Axie Infinity has unique features. Using blockchain technology, Axie Infinity enables players to become part owners of the platform. They can collect, breed, cultivate, battle, and trade tokenized characters called Axies.
According to nftgames.net, each Axie is an NFT and you need at least 3 to meet the protocol requirements. Since each Axie is different from the other Axies, Axies have become a highly sought after crypto asset as they all have different strengths and weaknesses. Players can choose from 500 different combinations and play against each other in teams of 3 (Axies), with the winning team receiving experience points (XPs).
These experience points can be used to upgrade the player's Axie and sold for a higher value on the Axie Marketplace. The blockchain protocol hosts two digital tokens, AXS and SLP. Although the crypto market crash has stalled the growth of this emerging industry, AXS has grown by more than 500% in the past three months.
AXS continues its stellar performance, having sold over $10 billion so far, alongside other NFT crypto heavyweights like OpenSea and CryptoPunks. At press time, AXS is trading at $66.33, up 0.47% in the past 24 hours. The weekly growth rate is 19.75%, showing that AXS is one of the best cryptocurrencies to watch as the NFT sub-industry accelerates.
2. Theta (THETA)
Theta blockchain is focused on the video streaming industry and is one of the best NFT cryptocurrencies to buy next month. Theta is committed to solving challenges in video streaming and content distribution, as our current traditional channels cannot meet the needs of global video streaming.
It does this by incentivizing users on the network to share their bandwidth and computing resources. Founded in 2018, the Theta blockchain has received high praise from streaming experts, with YouTube co-founder Steve Chen and Twitch’s Justin Kan serving as advisors to the blockchain.
In addition, technology giants and cryptocurrency exchanges such as Google, Samsung, Binance, Gumi, etc. are also corporate validators of Theta nodes. Although it focuses on video streaming, the Theta blockchain also supports NFTs through its Elite Nodes upgrade launched in the middle of the year.
This led Singapore-based One Championship to partner with Theta to launch its first NFT marketplace to celebrate its players. Fans who own these NFTs will be able to enjoy exclusive experiences such as backstage passes, close-in seats, and more.
Currently, THETA is in a down range on the crypto market, trading at $4.83 and down 5.54% on the daily chart. Despite this, it remains one of the top cryptocurrencies on the NFT leaderboard.
3. Decentraland (Mana)
Decentraland is one of the best NFT cryptocurrencies in the space. As one of a series of virtual reality platforms, Decentraland enables users to create, experience, and monetize content and applications.
Here, users can buy virtual plots of virtual land, which they can build on and sell for huge amounts of money.
Since its launch in 2017, Decentraland has become a major destination for virtual real estate and a venue for interactive games and 3D scenes. This has led it to sign an NFT agreement with beverage giant Coca-Cola.
Decentraland has also become a key destination for creative experiences, with 23-year-old digital artist Hiroto Kai selling virtual clothing on the platform.
Additionally, a recent partnership with layer-2 scaling solution Polygon has resulted in Decentraland Games receiving significant funding, with the platform set to launch ICE Poker in the coming weeks.
However, Mana has been hit hard by the bear market and is currently trading at $0.6426, down 6.09% on the daily chart.
4. Tezos (XTZ)
The Tezos blockchain has become a notable phenomenon over the past few weeks as a number of significant events have taken place.
Created by the Breitmann couple, Tezos is one of the best cryptocurrencies with a growing adoption rate. Tezos is fundamentally built to be sustainable, scalable, and future-proof. It uses the Delegated Proof of Stake (dPoS) consensus algorithm, making it faster than the Bitcoin and Ethereum networks. Similar to Ethereum, Tezos provides support for decentralized applications (dApps) on its blockchain and facilitates the massive growth of decentralized finance (DeFi) and NFTs.
Singer and songwriter Doja Cat launched her NFT collection on the Oneof platform built on the Tezos protocol, making Tezos one of the best cryptocurrencies for long-term returns. She did so because of the environmental benefits of NFT minting on the Tezos platform.
In a notable event, Doja Cat’s NFT collectible surpassed Jay-Z’s investment in NFTs by selling for over $188,000.
Tezos’ XTZ, currently ranked 30th on the list of most valuable cryptocurrencies, is trading at $5.89, down 6.10% on the day.
5. Chiliz (CHZ)
Chiliz blockchain is another best-in-class cryptocurrency with real-world applications.
Chiliz focuses on the sports and entertainment industries, enabling fans to connect with their favorite clubs and sports through Fan Tokens. These tokens are issued through its Fan Reward and Engagement platform Socios.com. Those who hold Fan Tokens can participate in exclusive club surveys, vote and influence club operational decisions.
Additionally, they can enjoy exclusive experiences, and some fans have already used their tokens to choose a club slogan for this season. Chiliz Blockchain is one of the largest NFT protocols and recently struck a partnership with the NBA’s Charlotte Hornets.
Galatasaray, the first football club to issue Fan Tokens in partnership with Chiliz Blockchain, is now listed on top cryptocurrency exchanges including FTX, Crypto.com and Huobi Global.
CHZ has not yet reacted to the news and is currently trading at $0.24966, down 4.77% on the daily chart. These best NFT cryptocurrencies are being sold at low prices right now and will have great value in the coming weeks.
Read more:
How to Buy Cryptocurrency
How to buy Ethereum
How to Buy NFTs
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