Investors are now searching for the best non-fungible tokens (NFTs), which will be one of the most talked about digital assets in 2021.
NFTs are a standout performer in the crypto market and blockchain technology. They have carved a niche for their self.
This article will discuss the top NFTs that you can invest in to make high profits.
1. The Sandbox (SAND).
You can use the Sandbox to design, build, buy, and sell digital assets. Users can also design their own in-game assets, which can be used to sell within and outside of the game.
With blockchain technology, the Sandbox intends to revolutionize the gaming industry. The Sandbox's "play-to earn" game mode makes it exciting and unique. Players are encouraged to play the games as there are rewards along with the enjoyment of the games.
Adidas announced recently a partnership agreement with The Sandbox. The announcement comes on the heels of an agreement Adidas reached with Coinbase, as the sports brand seeks to tap into the metaverse.
Utility token SAND trades at $5.24 as of press time. This is up 3.14% over the past 24 hours and up 7.35% over the last seven days.
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2. Decentralization (MANA).
Decentraland enjoyed a great 2021 making it one of the most profitable NFTs to invest for high returns.
The metaverse token has seen a remarkable price increase of 4,068.34% (YTD) over the past year and an astounding rise of 3753.19% in just one year.
The digital asset trades at $3.36 and has risen 3.79% over the past 24 hours. MANA gained 5.66% in the past 7 days on weekly margins.
Decentraland is trading above the MA support price of $1.5089 for 200 days, which indicates that the ERC-20 token has been on a bullish run. Decentraland, like The Sandbox is another platform that allows users to express creativity and make money from their content and applications.
Decentraland offers virtual estates for purchase. You can buy and build your virtual land plots. These digital pieces of land are highly sought after because they offer a new experience that includes 3D games, captivating scenes, and other interactive games.
The Metaverse Group, a subsidiary to Tokens.com purchased a portion of Decentraland's virtual property for approximately 618,000 MANA. This purchase was valued at $2.4 million at the time. This is just one of the many virtual lands Decentraland has recently sold.
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3. Theta (THETA).
THETA launched in March 2019 and has gained momentum. It rose by an impressive 277.01% over the past year, establishing itself as one the top NFTs to invest for high profits in December.
Theta (THETA), a network protocol specifically designed for video streaming, is available. Users can share bandwidth and other computing resources through the peer-to–peer (P2P), route.
The native token of the protocol is THETA. It's used to perform various governance tasks within its network. There are many industry leaders who serve as validators for the protocol's network. Some of the validators for its community-run nodes include popular firms such as Google, Binance and Blockchain Ventures, Sony Europe, Samsung, and Sony Europe.
The network protocol's developers plan to disrupt the video streaming industry with disruptive innovation. This is possible by solving problems such as centralisation, high cost, and poor user experience.
The plans of THETA include streaming high-quality content services to viewers. Other plans involve content creators making more money and helping video platforms lower their infrastructure costs, which in turn increases their revenue from subscription and advertising.
THETA trades at $4.308, an increase of 5.10% over the past 24 hours and an increase of 4.14% over the last seven days. THETA's market cap is $4.31 billion, an increase of 5.30% over the past 24 hours. Junkin Media was recently the partner of THETA's video streaming service for NFTs.
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4. Enjin Coin (ENJ)
Enjin Coin is a surprise this year. This makes it a top choice for investors looking to make high-profit investments.
Enjin Coin (ENJ), a digital store-of-value, backs all digital assets created on the blockchain. Developers can tokenize their digital collectibles in-game like guns and grenades.
These digital collectibles are available for purchase, sale, and redemption for real-world values. Before being traded, they are converted to ENJ.
On the Enjin network, Contaverse launched a new combat game that uses blockchain technology to allow users to create, nurture and battle their robot NFTs.
This new addition to Enjin's network will most likely cause Enjin to see a price rise as blockchain gaming projects continue gaining interest.
This game allows players to collect non-fungible tokens and play virtual conquest. They can also build their own NFTs and have a great gaming experience. Enjin coin is a great NFT to invest in for high December profits.
Enjin coin trades at $2.626. This is an increase of 9.90% over the past 24 hours and 10.23% over the last seven days. Enjin coin gained 259.89% year to date (YTD), and 2054.39% over the past 1 year.
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5. Axie Infinity, (AXS).
Axie Infinity, one of the most popular crypto assets, has experienced a large inflow of funds from investors. This makes it one of our top NFTs to invest for high profits in December.
AXS is worth more than 5.8 billion. The Pokemon-inspired game's popularity has increased by 14.535.86% over the past year and 17719.09% (YTD), respectively.
AXS trades at $98.36 as of press time. This is up 2.90% over the last 24 hours and 0.81% over the past week.
Last week, developers of Axie Infinity announced a reduction of the breeding price of Axies (in-game pets), to 0.5 AXS. This is great news for Axie enthusiasts as they can now breed more Axies at a lower price.
A rare piece of land on Axies, known as the "Genesis" plot, was also sold for 550 Ethereum. This is approximately $2.48 Million at the time.
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By: Jimmy Aki
Title: Best NFTs to Invest in for High Profits December 2021 Week 4
Sourced From: insidebitcoins.com/news/best-nfts-to-invest-in-for-high-profits-december-2021-week-4
Published Date: Wed, 22 Dec 2021 09:38:04 +0000
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