NFTs have taken the crypto world by storm. But there are still many people who are yet to understand what NFT is and how it works. To put things in layman’s terms, an NFT is simply a digital certificate that certifies that you own a particular digital asset.
In the world of cryptos, we are accustomed to the idea of owning a certain amount of units or coins through a crypto wallet or exchange app like OKX. In the case of an NFT, you don’t own a unit but rather the ownership rights over the entire asset. This might confuse some people, but it is a concept that can be understood with time.
NFTs are already a popular way to sell digital art. But, NFTs can be used for much more than just selling art. As the NFT market grows, we’ll see many more exciting and unique uses of NFTs emerge.
Table of Contents
Best NFT projects to watch out for in the near future:
Twisted Bears NFT
The Twisted Bears project aims to create a digital collectible game that offers unique and limited edition NFTs depicting the various bears from the game. The project is still in the development stage, but it’s already over $100,000 worth of investor funding, so it looks like it will be a massive hit once it officially launches.
Guardians of Sumantria
This is another one that’s still under development, but it promises to be another one of the most interesting NFT projects in the coming years. It involves an interactive story where users can participate in a bounty-hunting program and protect the world from supernatural forces.
Unlike other projects on this list, Guardians of Sumantria will have fewer tokens, with only 100 being produced each week. If you want to get your hands on some tokens from this project, you will have to act fast!
Los Muertos NFT
This project focuses on creating collectible digital art that showcases the origins of Mexican culture. As part of this project, users will get access to a digital marketplace where they can buy and sell their artwork in exchange.
Atlantic Voyage Ape Club
Atlantic Voyage Ape Club is an upcoming NFT project that merges two significant trends: NFTs and DeFi. The “uncorrelated asset class” allows users to buy and sell virtual real estate on the Ethereum blockchain. Think of it as Axie Infinity meets Decentraland meets CryptoPunks.While the project is still in its early stages, there are rumors that it will be tied to multiple forms of media like radio stations and books, making it an even more enticing investment.
MetaSyndicate
MetaSyndicate is one of the most interesting upcoming NFT projects we’ve seen in a while. The project’s description reads: “MetaSyndicate is an experiment in abstract ownership, proof-of-work art, and decentralized collaboration.” Essentially, MetaSyndicate lets anyone create an NFT-based artwork by flipping pixels on a canvas, which can be sold for a small fee.
Dank Ducks
Dank Ducks is a platform where users will be able to participate in “duck races” and use their tokens as collateral to borrow against. The platform uses Binance Smart Chain (BSC) for its back end (and rewards), but it also has its token called DANK, which will be launched in tandem with the mainnet. DANK can be used as a means of payment on the platform, but it will also serve as a governance token. Users who vote with their DANK are eligible for rewards such as custom duck skins and the chance to win DAI.
