You may have noticed that the NFT market is hot right now. These unique collectibles are quickly reshaping the role of cryptocurrencies across the board. NFTs can represent nearly any real-world or digital item nowadays. As such, there are a growing number of platforms and projects coming to light.
Unfortunately, unless you have a lot of time on your hands, sorting through these projects can prove to be a real pain. Aside from the growing number of use cases for NFTs, many hybrid platforms combine various other blockchain functionalities in some exciting ways. Luckily, you don’t need to take the next week off to find a profitable project. Here are the top 10 NFT projects to watch in 2021.
Aloha DeFi
Aloha DeFi combines the best attributes of NFTs with DeFi protocols to create a one-of-a-kind investment experience. Aloha DeFi users can stake the platform’s DeFi token and receive NFT rewards. These NFTs differ from your ordinary collectibles in that they serve a vital role in the governance of the network.
Aloha DeFi offers users access to four distinct staking pools. Each of these pools varies in its lockup and minimum investment requirements. Notably, each pool also pays out a different NFT based on your commitment. The platform makes it easy to earn some collectibles that you can then hold, trade, or sell for additional profits.
HashMasks
HashMasks is one of the top-performing NFTs at this time in terms of market capitalization. This platform allows you to own a custom-designed mask created by one of the firm's 70+ recognized artists. These living digital art pieces come with five different characteristics to choose from, including eye color, skin color, mask, character, and item.
Introduced by Suum Cuique Labs from Zug, Switzerland, HashMasks has currently secured the number two spot in terms of market cap. Impressively, there are 16,384 unique digital portraits available to the public.
SoRare
SoRare is a sports memorabilia NFT and fantasy football platform. Users can collect and trade limited edition digital soccer collectibles of the best players globally. SoRare users can collect these cards and then build and manage their team.
The platform features free tournaments, so you can play as much as you like. Your points are dependent on the real-life performances of your players. Notably, 41 international football teams have endorsed this platform. New users also get some perks, such as a signup bonus that includes some free cards.
Art Blocks
Art Blocks takes the concept of NFT art a step further with its unique approach to the market. The network functions like a pre-programmable abstract painter. You simply put in some details about the piece you desire, and an algorithm will construct a unique NFT art piece before your eyes.
The network also offers users a chance to own a piece of the Art Blocks Curated Collection. These NFTs are considered the pieces that best represent Art Block’s developer’s vision. There is also an artist playground where regular users can upload, trade, and auction off their works of art for a fee.
The Sandbox
The Sandbox is another NFT project that is garnering a lot of attention at this moment. If the name sounds familiar, it’s because the platform has been around for a couple of years. Initially, it started as a Windows and mobile device gaming platform. Impressively, the original version has over 40 million downloads and over 1 million active monthly users.
By integrating NFT tech into the platform, users can now monetize their efforts in the community-driven voxel-based virtual world. You can build your own in-game NFTs and then trade or sell them on any NFT market globally. Impressively the platform was able to secure $2.5 million to drive this innovative NFT integration.
Falcon NFT
Falcon NFT seeks to transform how you provide proof-of-ownership of real-world assets. The network allows users to issue ERC-20 NFTs to represent ownership of any item of value, including jewelry, action figures, cars, sports memorabilia, comics, and more. A user simply needs to provide all the relevant data about the item, and the system handles the rest.
Impressively, the platform provides you with an anonymous coin tokenization system that simplifies this process while not requiring any personal data. The goal behind the project is to eliminate the mounds of paperwork usually associated with proof-of-ownership documentation. In the future, this system could help save the environment and streamline the exchange of these goods.
Opensea
Opensea was one of the first peer-to-peer NFT marketplaces to enter the sector. Since its inception, it has seen growing participation from collectors. The platform is designed so that anyone can effortlessly buy, sell, and trade NFTs internationally.
Opensea is considered one of the largest NFT markets at this time in terms of daily trading volume. The platform provides users with a massive selection of NFTs. With over 4 million options, you are sure to find some interesting collectibles whenever you shop on Opensea.
Rariable
Rariable is another platform making waves in the market. The platform is community-driven, with users being able to vote on upgrades via the decentralized governance protocol. Rariable specializes in ERC-721 NFTs, and its design is easy to navigate. It requires no prior experience to utilize this helpful market.
Rariable is unique because it allows outside artists the opportunity to produce NFTs for their already created works. This approach enables artists to better track and monitor their creations to ensure they receive their due royalties. Rariable continues to see growing participation with 20,000 creators and traders registered on the network at this time.
SuperRare
If you are looking for super high-end NFTs SuperRare is the market to check out. Unlike the competition, you can’t even post an NFT on this platform until you undergo a rigorous approval process. The platform is packed with top-notch single-edition digital masterpieces. Best of all, all artists receive a royalty payment every time their SuperRare NFT gets resold.
MakerPlace
MakerPlace is another hi-end digital NFT ecosystem. The platform allows you to create NFTs and buy, sell, and trade these pieces of art. Every piece on MakerPlace is digitally signed by its creator. The platform’s focus on quality means that you are likely to spend a few more coins to get your hands on one of these rare pieces.
MakerPlace allows professional digital creators to manage and create a permanent proof of ownership for their works. The network also allows these artists to undertake other art-focused tasks such as issuing unique editions to commemorate certain milestones or achievements.
It’s 2021 - Catch the NFT Wave
All of these NFT projects are worth checking out soon. The NFT sector is set to have a break-out year, and you can expect to see these platforms hold a prominent role in the development and evolution of this market. For now, stick to reputable platforms, and you are sure to watch your collection grow.
