List of 10 NFT projects in the circle of the year 2021 NFT

For cryptocurrency traders, this year has truly been the “Year of the NFT”. In fact, the concept of NFT has been around for many years and has only recently been “out”. This has also contributed to the rapid growth of TVN related business. It's the end of the year and the 'Bi Tweet' team will carefully identify the wave of events and take a look at the 10 most popular and profitable NFT projects in 2021.

First of all, what is NFT?

Non-homogeneous tokens (NFTs) are cryptographic blockchain assets that contain unique symbols and metadata to distinguish themselves from one another. Unlike regular cryptocurrencies, they cannot be traded or traded for the same price. They have equal value to each other, which sets them apart from homogenized tokens that can be used as a carrier for commercial applications.

NFT is now one of the most widely used encryption technologies in the real world. For example, it is an ideal medium for the digitization of physical assets such as buildings and works of art. Since NFTs are blockchain-based, NFTs can be used to maximize the benefits of content creators by eliminating middlemen in the process of marketing differentiated and fraudulent products for the relationship between content design and fans ( consumers) in the community. Create your own content.

Most NFT activities now depend on writing descriptions such as graphics, maps, and rare items. A good example is the NBA Top Shot platform, which writes many special NBA-related episodes in NFT form. Some of these cards have sold for millions of dollars.

Another interesting use of NFTs is to capture key events in the modern internet and the crypto industry. Twitter CEO Jack Dorsey announced the link to the tokenized version of Twitter's first tweet. The NFT version sells for $ 2.5 million.

Like the physical benefits, cryptocurrencies are homogeneous. This means that they are liquid (easy to buy and sell) and easy to trade. For example, one bitcoin is always equal to the value of another bitcoin. Likewise, one Ethereum is always equal to the value of another. These relationships inherently make cryptocurrencies potential tools in the digital sector.

NFT is developing a new model by making each token unique and non-fungible. Additionally, sometimes NFTs can combine to create new digital products with different unique characteristics. This opens up many avenues for play.

Most of the NFTs based on the Ethereum network are ERC-721 tokens. These rules differ from the ERC-20 token code, which is typically used to generate tokens traded on the Ethereum network. The main difference is that the ERC-721 token is unique. The most important metric is the tokenId, which can be used to differentiate between different NFTs.

Why are NFTs so popular?

Although the ERC-721 model was developed in September 2017, the concept of "special equipment" was widely discussed in the crypto community at least a few years ago. In 2018, the CryptoKitties project made the first wave of the NFT craze visible to the naked eye. This is an early game in which NFTs are traded with the concept of "chat". And the main one is the ability to "crop" virtual animals by logging in and creating new tokens.

At the time, CryptoKitties was fueling the 'cat care' craze, with over 11% of all Ethereum blockchain transactions made by the NFT project, which could lead to multiple network congestion during the changes radically changes. Trade. The interesting thing is that CryptoKitties is not the first NFT project, the name of the first NFT project belongs to Cryptopunk, and despite the fact that the emergence of CryptoKitties is 2021, it is almost beyond CryptoKitties of the. packaging industry. So why are NFTs so contagious? There are a few good perks to mention here.

Special: Having NFT is like having unique writing in the real world, and from a digital perspective, it's unique.

Inviolable: NFT data is saved on the blockchain and cannot be deleted or tampered with.

Rarity: There are a few examples of NFT token entries (like only 10,000 NFT in the CryptoPunk series).

Digitization: Thanks to NFTs, almost all organizations go through it physically and are linked to blockchain data, bringing added value.

The strength of NFTs in 2021 will benefit many investors. As a result, NFT-related activities are still bringing unprecedented results in just a few months. "Bi Tweet" inaugurates the "Year of the NFT" in 2021.

Top 10 NFT projects in 2021

Let's take a look at the most popular NFT series, exchange platforms, and other event related activities. The rankings are not in a particular order, they are sorted randomly according to the editor created.

Best shot in the NBA

NBA Top Shot is a platform developed by the Canadian blockchain company Dapper Labs in partnership with the NBA, allowing users to record the best moments of the NBA in NFT mode. In order to obtain the so-called "time", the user can purchase the necessary items or, more easily, the player can directly purchase the opened "time" through the second copy in the marketplace.

These "periods" are very different from the rare ones, and their value depends on the following rules:

Normal (normally represent once with over 1000 digital copies): Available as a regular process equal to 9 times for $ 9.

Rare (rare, 150-999 specs): This session can be found in the No Rules, starting at $ 22, we have 7 Playtime and at least one Time No.

Legend (Legend, Printable Tech 25-999): Found in Legend starting at $ 230.

Platinum Ultimate (Platinum Ultimate Edition, 3 digital copies): Auction only.

Genesis Ultimate (1 copy only): Auction only.

NBA Top Sho has over a million active users in its two years of existence. At the same time, this year's market volume is amazing for basketball exceeding $ 1 billion. Many NBA Series tokens have risen sharply in value since the start of the year, and the popularity of NFTs continues to drive their prices up.

Cryptopunk

In 2017, Larva Labs developers Matt Hall and John Watkinson created a program that created images of thousands of different pixels. At first, they thought about developing a model for a smartphone or a gaming app. However, this simple task eventually paved the way for the digital art business, challenging the concept of "master" for the first time in the world. crypto industry.

Cryptopunk is a collection of 24 × 24 pixel art style graphics. There are a total of 10,000 tokens, each with a unique character and a unique randomly generated combination of characters. There are 6,039 "CryptoPunk" males and 3,840 "CryptoPunk" females. It varies depending on characteristics such as hair color and availability of materials. There are also eight punks that don't have any special characteristics, sometimes referred to as genesis punk.

The Larva Labs website contains mixed images of a total of 10,000 copies of "CryptoPunk". Each NFT also has its own detailed pages describing its characteristics and the history of each change. Anyone can keep a copy of the image, but since each NFT's membership in Cryptopunk is created by the Ethereum blockchain code, only one person can have that NFT.

Created by Matt Hall and John Watkinson, CryptPunk is sometimes compared to the potential of art on permanent loan to a public museum. So, as a pioneer in the world of NFT, CryptoPunks has become increasingly profitable.

rarely

Rarible is an Ethereum based NFT trading platform. Rarible was designed as a base, but its developers plan to gradually decentralize its time and eventually hand over management to a Decentralized Autonomous Organization (DAO) run by a rare nonprofit community. Amazing campaigns achieve this through the RARI governance token, which encourages users to participate in the management platform. In 2021, Rarible announces the release of a Flow, fast, distributed and developer-friendly blockchain (public channel) through Dapper Labs (CryptoKitties development team). It is designed to keep data decentralized and conduct transactions quickly.

Rarible requires users to have ETHereum network wallets such as Metamask, Silver or Coinbase and some ETH payments. Users can buy ETH directly from the platform with a debit card. After connecting their wallets, users can browse the NFT Rarible trading platform to view their favorite NFTs. The platform divides NFTs into categories such as graphics, games, and memes for search marketers.

In addition, for a team of artists or designers, Rarible allows you to create your own NFTs. When creating the first NFT, users rarely had to pay two fees. One is the price that allows the wallet to interact with the Rarible, and the other is the price of the "call to coin function". Authors file in the Cross-Platform File System (IPFS) and the Ethereum blockchain.

These two costs are network costs, that is, the cost of interacting with the blockchain which does not include the platform's revenue. After the initial approval, users who want to build new NFTs only need to pay for fuel, the cost depends on the load on the Ethereum network. When manufacturers decide to sell their NFTs, the Rarible Art trading platform allows developers to get a portion of the NFT exchange rates at the next sale, so that manufacturers can profit from their work.

open sea

OpenSea is another trading platform that allows users to buy and sell NFTs. OpenSea was established in 2017 and started to be used primarily for the CryptoKitties NFT industry, but is slowly expanding its services. OpenSea now supports a wide range of digital tools including NFTs for art, registrations, game plans, music, and more.

Since OpenSea is based on the Ethereum blockchain, users must have an Ethereum wallet to use the app. OpenSea also supports several other blockchains, including Polygon and Klaytn. Users can choose from 241 payment methods, including fixed coins, allowing anyone to buy and sell digital products on the platform.

masque

Hashmasks is a work of art created by a team of 70 artists in collaboration with Suum Cuique Labs. Each "mask" has its own function, the best being skin color, attitude and eye color. Hashmask differs from regular NFT paint in that each mask is unnamed. Token holders are responsible for participating in the creation of their artwork by invoking the hash of the face.

The design of this project produced 16,384 NFTs and graphics. These masks are also very effective. The most expensive part of this NFT kit is the mask, which sells for 420 ETH (around $ 169 million US).

cav

ENJIN was incorporated in Singapore in 2009 under the name “Classic Internet Era” and started playing on a community platform called “Engine Network” early in its development. Currently, the number of users worldwide exceeds 20 million, and sports communities such as esports teams, game servers, fan sites and cosplay clubs have over 250,000.

In 2017, ENJIN entered the cryptocurrency realm, with the aim of creating an infrastructure for on-chain games, meta-universes, and NFTs.

Enjin Coin (ENJ) is an important symbol of the profession. Approximately 835 million ENJs are in circulation, with a maximum of 1 billion. From January to April of this year, the ENJ rose and the price rose 14 cents to $ 3.46 in just a few months.

Enjin now has a large user base in the community. The success of the platform is due to the rapid growth of NFTs and the Metaverse. As this field will become the leader of the crypto industry in the next step, the future prospects of the platform are endless.

to flow

Flow is a distributed ecosystem and blockchain-based platform with leading solutions for interactive interaction, decentralized implementation, and competitive gaming. The Flow Network is focused on providing a high performing environment designed to deliver fast, collision-free activities and provide a solid foundation for NFTs, dApps and games. The Flow team were also involved in the development of the NBA Top Shot mentioned in a previous article.

Flow addresses the scalability issue currently faced by Ethereum without the use of sharding, and the Flow network is also compliant with Data Verification (PoS) agreements. In this way, Flow can streamline the performance of the entire network and reduce network connectivity for dApps and games.

Flow divides network tasks into nodes that support the system, and different nodes provide different tasks according to their capabilities. By separating non-decision processes (e.g. building a business in blocks) from decision making (e.g. completing blocks of a business), the supply of blockchain has increased.

In order to eliminate the Ethereum network, Flow used several different roles from the design. In order to ensure that measuring the entire network can be efficient and operational, Flow uses the four roles of partners in a joint venture to break down access to the blockchain and assign different functions to different types of nodes.

Decentraland

Decentraland is also a meta-global project based on the Ethereum network and aims to create a meta-world. Decentraland users can rent, interact and play in this virtual world, as well as buy and sell digital real estate. At the same time, the platform now uses social networks, internal payment, virtual communication and other services.

Decentraland uses two types of tokens.

LAND, a type of DTV, is often used to determine ownership of land that represents digital real estate.

MANA, the token circulating in the system, facilitates virtual purchases and the services used in LAND and Decentraland.

Axi Infini

In "Axie Infinity", players gain in-game SLP experience by purchasing, raising, and fighting monsters called Axies. These business models are called “Play to Earn”. The gamers really benefit from playing the virtual game for hours.

Each Axie is a type of NFT, a collection that can be bought and sold on a non-competitive basis. Players must have at least 3 Axies to start fighting, and the cheapest Axies now sell for around $ 200. The most expensive Axie will sell for 300 ETH as of 2020.

Word of mouth spread over the internet has propelled Sky Mavis studio to tens of millions this year. The company has earned $ 700 million in the sports industry, 17% of which is owned by developers. At the end of the year, the total investment was estimated to be stable at over $ 1 billion.

The game developer recently raised $ 152 million, worth $ 3 billion, in a Series B funding led by Andreessen Horowitz (a16z). Since the company does not have all of the tokens on Axie Infinity, the price is below the market value of that currency. Sky Mavis has said he will use the new capital to develop battlegrounds, trades and new games.

Sandbox

Sandbox is a global meta and games ecosystem based on the Ethereum network, allowing users to create, trade and access resources and games in a virtual world. Pixowl's business will disrupt the gaming industry. In the traditional gaming industry, the platform owns and controls the creation of user content, and developer and player rights are restricted. In the sandbox, the entire user is the owner of the virtual object.

The project has three main components.

VoxEdit: Allows users to create and build 3D objects in meta-edges. These associations are called assets, and using standard ERC-1155 tokens, homogenized and non-homogeneous tokens can be generated using smart binding.

Sandbox Marketplace: A marketplace where users can advertise and sell their assets after submitting them to the Interplanetary File System (IPFS) for the first time.

Sandbox Game Creation: Allows users to create free 3D games.

Although no knowledge of the operating system is required to participate in the sandbox, there are powerful tools that allow users to create and draw valuable products in the rapid development of online gaming and virtual world. This is the main reason why there is still a token SAND all-time high crash in 2021.

concludes

Before the advent of NFTs, objects in the virtual world weren't as important as they used to be. This means that computer files can be copied continuously without having to modify their content. With the advent of NFTs, people can embrace virtual content, which ushers in a new era of blockchain networks. As a result, NFT has become an independent medium in the digital asset industry. In the future, it is believed that DFTs will play an important role in the new global economy.