Five Famous NFT Projects for Investment in 2022

Immensely increasing in popularity, blockchain technology is an interesting facet of technology. Most commonly it is defined as a distributed, decentralized, public ledger.

Based on it, cryptocurrency is the fastest method of money transactions and all other monetary deals. Cryptocurrency has made lives easier by providing digital trading of digital assets like NFTs.

Non-Fungible Tokens

NFTs (Non-fungible tokens) is a platform representing digital artwork and a popular way to buy and sell it. From 2017 till today, it’s gaining immense hype, and approx. $174 million has been spent on NFTs since November 2017.

The concept of the NFT market is still evolving since 2015, offering complete ownership of art and leading to more adoption, providing endless opportunities to individuals.

As the year 2021 is at its end, some of the exciting and attractive NFT projects are coming your way in 2022. Be cautious and well-informed of the new things coming ahead. A wise man always plans big and fruitful for the future. T’s important to get acquainted with all the emerging trends of 2022 and information vital to this field.

These are the five most attractive and huge NFT projects in which you can invest in 2022. Dive into the paper and see which one is most productive and suitable for you.

1. Axie Infinity:

Here comes one of the most famous and successful NFT projects. Axie Infinity is actually a play-to-earn NFT model that is simple and revolves around the efficiency of players to collect battle and breed creatures or Axies. This, in return, is the profit earned and players continue to play for getting more tokens.

2. Proof of Beauty:

It is one of the impressive NFT projects to invest in the following year. For a simple person to understand Proof of Beauty, we can say that it is integrated transactions turned into beautiful shapes, textures, and color combinations.

The concept of this project is to celebrate Ethereum blockchain history and convert the blockchain transactions into attractive NFT artworks that are unique in themselves, for sure.

3. Decentraland:

In this project, users can buy virtual plots, create custom avatars and trade unique digital collectibles. It works like a decentralized virtual reality hub through the Ethereum blockchain.

Decentraland uses MANA tokens with the help of which users can buy land and other assets from several exchanges. For this, they have to be connected with a crypto wallet via a web browser.

4. Flow:

Flow is an incredible project in the NFT market, launched in the previous year. It is actually a hub to generate games, apps, and digital collectible items. Developers of Flow get a chance to build and trade unique NFTs.

5. The Codex Project:

The protocol of this Codex Project allows the potential buyers to authenticate the identity and check ownership history through Codex viewer.

Based on blockchain decentralization, this project is entitled to authenticate and verify NFTs. This simple mechanism gives NFT creators more chances to purchase authentic products and proceed further.

Summing up:

The next year 2022 is going to continue for NFT projects to gain more and more attraction in the DeFi and blockchain space. These platforms are going to provide digital artists the opportunity to sell their NFT collections, bringing something new and making rare collectibles more valuable.

But, do remember to research well before you invest in any such platform, hope this was a helpful guide for you.