The NFT boom and thus the hype about the so-called non-fungible tokens never ends. Although sales in the NFT industry are currently declining, the top coins in this area have seen the latter Price increases in the three-digit percentage range. NFT portals raise millions in funding rounds, and more and more celebrities are getting involved and want a piece of the NFT cake. Katy Perry, Linsay Lohan or rapper Snoop Dogg – they have all already released songs or artwork like NFT or plan to do so in the future. But which NFT tokens are interesting, which could be worth an investment in July? We introduce five NFT tokens: DeFi Coin (DEFC), Enjin Coin (ENJ), Rarible (RARI), Theta (THETA) and Chiliz (CHZ).
Coin Engine (ENJ)
Enjin Coin (ENJ) is an NFT token specially developed for the video game industry by Enjin. ENJ is based on the Ethereum blockchain and aims to connect virtual online gaming with decentralized technologies. Game developers can use Enjin to tokenize in-game items on the Ethereum blockchain – ie. create NFTs.
Enjin uses Enjin Coin (an ERC-20 token) to store the digital assets issued through the platform. For example, players can use the same element in different (supported) games. Game developers also have the option to create any currency, which will then be based on the Engine token.
Enjin Coin is one of our best NFT coins because ENJ can see huge price gains if the company continues to expand its gaming business as planned. The Japanese market is of great importance to Enjin in this regard. This is where Enjin wants to expand regardless of market conditions. this is bullish because Japan is one of the most important gaming markets in the world. In addition, large companies in the gaming and IT industry are already working with Enjin – including well-known names such as Samsung, Unity and PC Gamer.
You can buy Enjin Coin (ENJ) here.
DeFi Coin (DEFC)
A potentially promising project in the NFT area is the DeFi newcomer DeFi Coin (DEFC). DEFC is based on the cheap Binance Smart Chain and aims to develop a new DeFi ecosystem. In the future, users should be able to trade cryptocurrencies on a decentralized basis on the DeFi coin platform – such as with Uniswap, 1inch, dex.guru or Pancakeswap. At the same time, the ecosystem must become the contact point for all kinds of information about the DeFi industry, about current and future tokens and thus increase general acceptance.
For NFTs, the DeFiCoinSwap platform may prove interesting because DEFC developers also promise an opportunity to swap digital collectibles on it. It means: In a particular NFT area, users should be able to trade non-fungible tokens (NFT) for DeFiCoin (DEFC).
If the DEFC team manages to implement everything as planned, DeFi Coin could see further price increases – especially if it (as announced by the developers) is soon listed on major stock exchanges and exchanges. In addition, Coinmarketcap and Coingecko will follow, and an app will be released with detailed reviews of all DeFi coin projects.
Here you can download DeFi coin whitepaper and buy DEFC.
Theta (THETA) is a blockchain network built from the ground up specifically for video streaming that aims to drastically improve the video streaming industry. Then: Most streaming providers are centralized and have poor infrastructure. Content creators are also disadvantaged: Since the majority of revenue goes to the respective platform, they get significantly less revenue than possible.
THETA allows users to watch videos and earn symbolic rewards by posting content to other users watching the same content. It sounds confusing at first, but it’s actually quite simple: Users make their free bandwidth and computer resources available to forward video content to other users. In return, they receive symbolic rewards – as with other sharing economy models.
So Theta brings together ultra-popular video streaming with new blockchain technology. Two aspects that could explode the coin in the long run. Because: To use THETA and earn tokens, users do not need expensive streaming hardware. A mobile phone or even just a smart TV is enough to contribute to the Theta network. Video platforms should also be able to reduce the cost of video delivery and generate additional revenue with a Theta integration.
THETA is one of our top 5 NFT tokens because the use case is hugely popular and the coin mainnet 3.0 has just been launched. So it might be worth getting in before the NFT boom picks up again and the Theta price rises to new heights.
Among other things, you can buy Theta (THETA) here.
Rarible.com is one of the most popular NFT platforms on Ethereum. Every user can like, buy and sell NFTs (non-fungible tokens – unique digital items such as artwork, game items and more) or become friends with other users on the portal in a simple, manageable way. The platform offers users a comprehensive marketplace whose content can be filtered and sorted by different categories. This makes it easy to search through the NFTs on the portal.
Creating NFTs on Rarible.com is extremely easy. Any user, even without prior knowledge, can create a digital artwork or collectible on the “mint” portal – even people who have no experience with NFTs.
An innovation from Rarible.com is the platform’s native token, RARI. When you buy or sell an NFT on Rarible, you earn a proportionate RARI. That said, the token is also used to participate in the management of the protocol. So RARI owners get to influence changes.
We think the RARI token is extremely promising, as Rarible.com was one of the most used NFT platforms during the recent NFT boom. Come on, Meanwhile, Rarible has partnered with successful NBA Top Shot developer Dapper Labs and completed a $ 14.2 million funding round (among others).
Among other things, you can buy RARI here.
Currently, one of the most popular NFT tokens in terms of trading volume is Chiliz (CHZ), the Ethereum token behind the Socios.com portal. This is a platform for fan engagement and rewards that allows users to swap NFTs to support their favorite club or athlete, for example. Expressed in a simple way: Sports enthusiasts can buy and exchange branded fan tokens like NFTs. The platform’s original token is CHZ. This allows users to purchase the branded fan tokens and vote in polls, for example. The CHZ token should also give fans access to exclusive rewards and exciting experiences.
We see Chiliz (CHZ) as promising because of the ability to engage a global audience through the Socios.com platform and monetize the regular massive fan engagement. Major sports clubs and institutions also seem to believe this, as 25 major organizations (including FC Barcelona, Juventus, AC Milan, OG, Paris Saint-Germain, Manchester City and the Professional Fighters League) already have fantokens on Socios . com launched.
You can buy CHZ here.
Last updated on October 5, 2021
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