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The market for Non-Fungible Tokens (NFTs) is growing rapidly. NFTs are unique digital assets, and no one can theoretically replicate them. Creators may use them to represent a variety of things, from virtual assets to real-world objects.
As the demand for NFTs increases, so does the need for investors to understand how these tokens work. Here are five projects working on solutions for the NFT space that investors will monitor in the coming months.
ZunaVerse and the ZunaNauts Collection
Users of ZunaVerse, a decentralized marketplace, may purchase and trade NFTs, which are digital assets with certain characteristics. The BNB Chain powers these assets, promising quick transactions with cheap costs. The objective of the marketplace is to provide services on par with Opensea.
For investors, the novelty and originality of Zunaverse's digital asset trading platform is a major selling point. Users of the platform can bypass middlemen and transact directly with one another to buy and sell NFTs.
As a result, the marketplace presents itself as more productive and less expensive than alternatives. Zunaverse also hopes to increase its user base in the following years. The project also issued a proprietary token named “ZUNA.” There are fewer costs and quicker transaction times for creators utilizing ZUNA.
The ZunaNauts represent an innovative class of collectibles that promise to provide financial returns to their buyers. This collection only features 1969 different astronauts. Its long-term reward structure aims to win over collectors and financial backers.
Those who choose to mint and hold a ZunaNaut NFT will receive 12 months of $ZUNA rewards + “partial ownership” of ZUNAVERSE.io by earning a percentage of every BNB/BSC transaction that takes place on the NFT Marketplace.
VeeFriends
When Gary Vaynerchuk decided to create VeeFriends, he explained he had a clear vision in his mind. Specifically, his main goal was to provide a platform for people to connect and engage with each other.
With VeeFriends, each NFT has a specific message and meaning. The metadata attached to it gives holders access to different levels of activities and content.
VeeFriends bets on a decentralized platform that allows users to interact directly with one another. This is in contrast to centralized platforms like Facebook and other similar Web2 portals. On these websites, users can only communicate with other users whom the platform has approved.
With VeeFriends, there are no restrictions on whom people can communicate with. In other words, investors can freely connect with people from all over the world.
Another feature of VeeFriends is that it uses the Ethereum blockchain. This means that all NFTs rely on ERC-721 compliant contracts, which is the "gold standard" for digital collectibles.
Additionally, the project records all transactions on the blockchain in an attempt to enhance investment security.
Kibatsu Mecha
Kibatsu Mecha is an animated series of NFTs on the Ethereum blockchain. They inhabit Megacity Kibatsu and its surrounding territories, fighting in the Ataki Arena. Each character is hand-generated and uniquely animated.
The lore of Kibatsu Megacity is rich and detailed, with each character having their motivations for fighting. The artist, Jerry Liu, is a motion graphics specialist who has dedicated his time to developing the Kibatsu Corp. brand and story.
The Kibatsu Mecha are strange and wacky creatures, each with a combination of 7 traits. They are meticulously hand-generated and designed with care and intention. No two Kibatsu Mecha are alike, and some are rarer than others.
The Mechas are an integral part of the lore of Megacity Kibatsu, and their pilots fight for many different reasons. The Mechas represent the artist's hard work and dedication to developing the Kibatsu Corp. brand.
Moonbirds
"Moonbirds" is a rare and unique collection designed for collectors and investors. Moonbirds have various features, including private club membership and exclusive access to upcoming PROOF projects.
Moonbirds are popular because they offer a wise combination of features and benefits. In addition to private club membership and exclusive access to upcoming projects, Moonbirds also offer enhanced drops and rewards. This makes them an appealing investment for anyone interested in this sector.
There are different reasons why people invest in Moonbirds. First and foremost, crypto enthusiasts believe these NFTs offer a unique and valuable investment opportunity. As mentioned above, Moonbirds come with various features and benefits that make them an attractive project for collectors and investors.
In addition to their investment potential, Moonbirds are also a way to support the PROOF metaverse project. By investing in Moonbirds, traders will be helping to finance the development of the PROOF metaverse.
Creature World
The Creature World is an upcoming virtual dimension for NFTs created by Danny Cole. Danny is a young artist with an impressive resume, and the Creature World project has been developing for several years.
The project is unique because there is no roadmap or mission statement for all to see. Instead, the project exists purely as artwork. In other words, the value of the NFTs entirely comes from their rarity and collectibility.
Many people are hesitant to invest in projects like Creature World. This is because they don't see any value in such a seemingly messy NFT project. However, other investors believe that this collection will be successful due to the passion and creativity of Danny Cole.
Danny Cole is free to explore new ideas by not having a set plan. This trick allows him to add value to the project in ways he could never have imagined. This flexibility will be crucial for Creature World to stay ahead of the competition and continue to grow in popularity.
Danny Cole has exhibited his artwork at numerous art shows and festivals and worked with Kanye West's stage designer.
Bottom Line
There are various projects to invest in when it comes to NFTs. The bottom line is that the NFT market is so large that there is a collection for everyone. Roadmap-free initiatives, marketplaces, metaverse-based projects: this sector is trying to appeal to a large audience.
Each of these projects has the potential to be successful, but traders should run their research before investing any money.
Only those who understand what each project entails and the perks it offers can build a great NFT strategy.
