NFTs or Non-Fungible Tokens are the newest financial security after cryptocurrency. Some of the best NFT tokens are part of the Ethereum (ETH) blockchain, but alternatives exist.
Seasoned NFT traders are always looking to shore up their digital assets by investing in rare collectibles that haven’t yet hit the ground running. It is why the NFT marketplace is always buzzing with new entries.
Plus, with the promise of NFT tokens being a prominent part of the metaverse, their true potential is yet to be realized. So if purchasing and trading NFTs is your strong suit, knowing which to pick can be the difference between hitting gold and setting your capital on fire.
As an NFT enthusiast, I’m always on the lookout for the latest digital collectibles that have the potential to become the next Bored Apes. I have bought lucrative digital artwork, which places me in an insightful position to recommend the 8 best NFTs to buy.
In this post, you’ll discover the NFTs pitted to achieve the same success as BTC. After reading this article, you will learn about the best NFT tokens to invest in by market cap.
- What Are The Best NFT Tokens To Buy?
- 1. MANA – Decentraland – Top Pick
- 2. SAND – The Sandbox – Second To Few
- 3. XTZ – Tezos – The Darkhorse With A Scalable Future
- 4. THETA Token – Theta Network – Great Allrounder
- 5. AXS – Axie Infinity – A Gaming Icon Revolutionizing The Space
- 6. FLOW – Flow – Blockchain For The Next Generation
- 7. ENJ – Enjin – Business First
- 8. WAXP – WAX – Gamer’s Delight
What Are The Best NFT Tokens To Buy?
Here is a quick comparison of my top three picks: MANA, SAND, and XTZ.
|Best overall. Ideal for virtual worlds. Market cap: $2,586,214,654||Best for digital art. Ideal for voxel ASSETS. Market cap: $2,489,364,961||Future-proofing. Ideal for future-proof scalability. Market cap: $2,262,923,676|
|Try Decentraland||Try The Sandbox||Try Tezos|
Read below for detailed coverage of my selection. Here’s all you need to know about the best NFTs to buy in 2022.
1. MANA – Decentraland – Top Pick
The Best NFT Token Powering The Decentraland Virtual Reality Platform [$2,586,214,654 Market Cap]
Decentraland is a software that runs on the Ethereum blockchain. It aims to build and incentivize a global network of users that run a shared virtual space. MANA is the token that is used to make purchases in this shared virtual world.
Users in Decentraland can buy and sell real estate within the virtual world. They can even interact with other users, play games and explore this digital space. Decentraland is great for people looking for an interactive platform that includes peer-to-peer communication with others.
At present, Decentraland uses two primary tokens. These are LAND and MANA. LAND is an NFT that is used to define the ownership of digital real estate using land parcels, and MANA facilitates the purchases of LAND and other virtual services in the virtual world.
Participants in the Decentraland world can opt for enacting changes in the software through a collection of smart contracts. This allows users who own MANA to vote on specific policy changes, updates, auctions, and subsidies for any new developments.
Decentraland may just be the most popular NFT platform today, with thousands of users already well-placed within the ecosystem and purchasing virtual real estate. And with the most sizable market cap on our list, it is the easiest recommendation to make for anyone interested.
Pros And Cons Of Decentraland
|Offers a wide range of features||Mass migration to another platform could devalue the token|
|Multiple options for the customizability|
|Voting system enables participants to have a voice|
Decentraland Pricing Plan
- MANA ($0.853): The primary token in Decentraland that is used to make purchases for real estate and other goods and services and trades on the OpenSea.
Stocking up on MANA is the way to go unless purchases on the platform are to be made.
2. SAND – The Sandbox – Second To Few
The Best NFT Token For The Voxel ASSETS Space [$2,489,364,961 Market Cap]
The Sandbox is a community-driven platform where creators and digital artists can monetize their voxel ASSETS and gaming experiences on the blockchain. The Sandbox allows players to build and own their gaming experiences with the platform’s NFT token SAND.
The Sandbox is essentially a virtual metaverse and allows players to create digital assets too and integrate them into games with its proprietary game maker. SAND is the utility token used in this ecosystem and is the basis of all transactions in the virtual world.
SAND is an ER-20 utility token on the Ethereum blockchain and has a finite supply of 3,000,000,000 SAND. It can be earned by playing games and contests in The Sandbox or purchased on a crypto exchange such as Binance.
This play-to-earn game allows users to create entire gaming worlds and design avatars in a virtual world that is strikingly similar to Minecraft. This is no accident, as the platform started out as a Minecraft rival. Now, the gaming platform has its sights set on NFTs.
Launched in 2020, The Sandbox has risen to become one of the fastest-growing games in the crypto world, with contenders such as Axie Infinity and Decentraland. And like Decentraland, The Sandbox also allows participants to purchase LANDs in the metaverse.
Users can also participate in staking SAND to earn various rewards and even have a mechanism to earn a share of the revenue from transactions in SAND tokens. ASSETS are user-generated NFTs that are then used as NFTs for sale. These can be whatever users can create.
Pros And Cons Of The Sandbox
|Free and easy-to-use tools||Competitor metaverses could spark a mass migration|
|Allows user-generated creation of ASSETS|
The Sandbox Pricing Plan
The Sandbox has one NFT token only:
- SAND ($1.08): The price of NFT tokens and cryptocurrency is highly volatile, but at the time of writing, the price of 1 SAND was valued at $1.02. This currency is used to make purchases and in the minting of digital art.
Users have multiple options to purchase and avail SAND. This can be bought outright on Coinbase, CoinDesk, or Binance, and can even be earned within The Sandbox ecosystem by selling ASSETS.
3. XTZ – Tezos – The Darkhorse With A Scalable Future
The Most Widely Used NFT Token For Future-Proof Scalability [$2,262,923,676 Market Cap]
Tezos is a blockchain network that hosts the NFT XTZ. The idea behind Tezos is to power the
Web3 revolution, keeping a decentralized mechanism at its core and a strong emphasis on security and privacy. Unlike other blockchains, Tezos is programmable and runs self-executing code.
The blockchain markets itself as self-amending in that it is designed to evolve with time and can be upgraded to keep pace with the changing technology. Tezos is also a decentralized ledger like Bitcoin and Ethereum and makes use of smart contracts.
Tezos’ NFT is XTZ which has been earning its holder’s interest when staking it. XTZ is the native token on the platform and is used to transact with dApps, and payments, secure the network, and access the accounting unit on the Tezos platform.
Tezos aims to become the new frontier on the internet of tomorrow and looks to power most transactions on Web3. Its decentralized nature lends itself to that reputation making it one of the few blockchains and NFT platforms to be governed by the people.
The many features offered by this platform make it easy for even novice users to get started quickly while also providing advanced functionality that can be leveraged if needed down the road when you’re ready for more.
Pros And Cons Of Tezos
|Endlessly scalable and upgradable||Early internal struggles make it volatile as an NFT platform|
|Great priority on security|
|Ample NFT marketplaces|
Tezos Pricing Plan
Tezos have a single digital currency present at the moment. This currency (XTZ) can be staked and is listed on many of the top cryptocurrency exchanges. This makes XTZ easy to buy and sell safely in the US and otherwise.
- XTZ ($1.36): Since cryptocurrency is highly volatile, but at the time of writing, 1 XTZ was valued at USD1.37, making it a great starter investment for any portfolio.
The only entry requirement into Tezos is XTZ. Stock up to be a part of the platform.
4. THETA Token – Theta Network – Great Allrounder
NFT Token Suitable For Most People In The Virtual Space [$2,198,582,055 Market Cap]
Founded in 2017, Theta is a software that aims to operate a decentralized video streaming portal through an incentivized global network of computers.
Presently, CDNs or content delivery networks are networks of operators that are located all over the globe. These CDNs are paid to provide video stream content to end-users. Existing CDNs can’t keep up with high-quality streams due to these geographic and location limitations and restrictions.
With Theta, a global pool of users can easily relay videos by offering bandwidth and computing resources that they have spare and rewards them for being part of the program.
Theta’s innovation aims to disrupt today’s online video industry, much like the YouTube platform did to traditional video. As the Theta network gains more users, more bandwidth is available, which further improves the streaming quality of the videos on the network.
Theta currently has two cryptocurrencies on its blockchain. The THETA coin and TFUEL. THETA coin is essential for voting on changes to the protocol, and TFUEL, for executing transactions.
Since Theta is open-source software, it has the potential to increase the capacity of people who are interested in creating new services and applications on its foundations. Theta aspires to be the next generation in video entertainment that is powered by the people.
Pros And Cons Of Theta
|Open-source infrastructure||Support might not be up to par for some|
|Incentivized programs for participants|
Theta Pricing Plan
Theta offers two distinct NFT tokens:
- THETA Coin ($1.16): This NFT token is essential for voting on any policy or software changes on the Theta platform.
- TFUEL ($0.0473): This token is significantly lower-priced compared to the THETA coin but is essential if users are looking to execute transactions.
I recommend users stock up on THETA coins if they’re looking to get started on this platform and only jump to TFUEL when transactions are necessary.
5. AXS – Axie Infinity – A Gaming Icon Revolutionizing The Space
The Best NFT Token By A Long Mile For Gaming [$1,649,871,354,163 Market Cap]
Axie Infinity started life as a turn-based card game. The platform was built on the Ethereum network and allows players to breed, raise, battle, and trade Axie creatures. These Axie creatures are the main attraction in this part of the metaverse.
In-game items and assets are represented using NFTs in the universe. Axie Infinity can be seen as an amalgamation of the Pokemon and Tamagotchi art styles and has similarly drawn creatures with unique abilities and land plots. All of these assets can be bought and sold using the in-game currency.
Two tokens are available to players: Axie Infinity Shards (AXS) and Small Love Potions (SLP). Players can earn AXS by playing Axie Infinity in either Adventure or Arena modes, and this currency serves as a governance token that allows players to vote on the future development of the gaming experience. In order to breed Axies, players need SLP.
Pros And Cons Of Axie Infinity
|Play to earn mechanism||Frequent high network congestion on the blockchain|
|Limited AXS tokens|
Axie Infinity Pricing Plan
Axie Infinity has two tokens:
- AXS ($13.91): This currency is used as a governance token, and allows players to vote on the future development of the game.
- SLP ($0.003769): This token is required to breed Axies.
If you are a casual investor who is looking to make quick and easy money, I recommend purchasing AXS.
6. FLOW – Flow – Blockchain For The Next Generation
NFT Token Built For The Next Generation Of Games, Apps, And Digital Assets [$1,490,989,534 Market Cap]
Flow began its life as a widely popular and successful decentralized application (dApp) on Ethereum in 2017. The app in question was a trading game called CryptoKitties but soon became so popular that it rendered the blockchain almost unusable.
CryptoKitties gained viral fame, and its premise was built around allowing users to buy, collect and breed digital cats. The phenomenon took off, but the developers were frustrated with Ethereum’s lackluster performance. In the process, the devs created a new blockchain from the ground up.
This blockchain was specifically built to solve the technical problems they encountered and to handle the vast amounts of traffic any app on it would demand. This became the Flow Playground and was launched in 2020.
The Flow playground allows developers to create and trade a particular type of NFT. Flow is designed as the foundation for a new generation of games, apps, and the digital assets that power them.
It is based on a unique, multi-role architecture and designed to scale without sharding, allowing for massive improvements in speed. Applications on Flow can keep consumers in control of their own data and build open economies owned by the users that help make them valuable.
Pros And Cons Of Flow
|Designed to scale without sharding||Current value is down 80%|
|Can handle vast amounts of traffic||Susceptible to crashing with negative coverage|
|Data privacy and control for users|
Flow Pricing Plan
Flow has one NFT token available:
- FLOW ($1.46): The price of FLOW changes frequently, but at the time of writing, its valuation was at $1.43.
I suggest investing in FLOW if you have one eye set on the future.
7. ENJ – Enjin – Business First
The Best NFT Tokens Used To Grow Your Business [$431,897,561 Market Cap]
Enjin is the best platform for developers looking to create virtual items and integrate them into digital games. It gives developers the power to build and manage virtual goods on Ethereum using its software development kit (SDK).
The SDK is not only for the creation of digital assets but can also be used for integration within games and numerous decentralized applications. Users can access Enjin’s marketplace using ENJ, its native cryptocurrency token, to purchase and sell these items, which are all assigned a value in Enjin coin.
Anyone interested in accessing in-game items on Enjin will need ENJ to do so. Enjin is customizable, powerful, and user-friendly, making it one of the best NFT tokens to invest in. Although it is a great platform to begin your creation and minting journey, it may not be the best place for serious investors, considering the sparse user base at present.
Pros And Cons Of Enjin
|Customizable and powerful||The interface can use some advancements|
|User-friendly interface||May not be ideal for new investors|
|Versatile SDK for creation of digital assets|
Enjin Pricing Plan
- ENJ ($0.4877): Prices are subject to change due to their volatile nature.
You can purchase ENJ on major crypto marketplaces such as CoinBase and Binance.
8. WAXP – WAX – Gamer’s Delight
The Ideal NFT Token For All Popular Collectables [$186,401,001.43 Market Cap]
WAX (Worldwide Asset eXchange) is a blockchain that is specifically built to be the most environmentally friendly option. Its primary function is to act as a hub for eCommerce websites and platforms through the use of dApps, NFTs, virtual worlds, collectibles, and gaming. On this blockchain, brands and creators can effortlessly create, launch, and disseminate NFTs to a global user base.
WAX has partnered with multiple brands, which aren’t limited to gaming firms either. Some of them that have released NFT collections include Topps (Major League Baseball), Capcom (Street Fighter), Atari, Funko, and Lionsgate. WAX has also delved into pop culture and has released official NFT collections for individual movies such as The Princess Bride and Saw. It has partnered with various entertainers too, including the likes of William Shatner and Deadmau5.
WAX is also one of the few blockchain options that are open to all. Whether you’re a small brand or a Fortune 500 company, the WAX Blockchain Developer Hive is the all-in-one platform to start building on WAX. The WAX platform features powerful APIs and a smart contract quickstart. Developers can leverage these tools to launch on their NFT marketplaces and reach a massive global audience.
Pros And Cons Of Wax
|Open to all brands of every scale||It may not be the most robust option compared to Ethereum|
|Already boast a large NFT collection||Has potential security risks|
WAX Pricing Plan
The WAX blockchain offers one NFT token:
- WAX ($0.09111): Prices are subject to change due to their volatile nature. You can find this currency available for purchase on CoinBase and Binance.
The WAX token is needed to make purchases on the blockchain. Any items or collections that need to be purchased or sold are to be transacted using WAX.
NFTs coins are revolutionizing the way we see and interact with the internet. They’re paving the way for a resurgence in digital finance with real-world utility while prioritizing digital art forms in the virtual world.
With an abundance to choose from – everything from meme coins to NFT art – choosing the best NFT token is crucial. Based on my experience and current trends (and market cap), I have highlighted the most prominent options.
My top choice in the vast NFT market is MANA. For complete customization options and security, SAND and XTZ take second and third spots, respectively. If you’re looking into NFT projects or want to purchase game items or NBA top shots, you know these will help.
Other noteworthy inclusions to keep an eye out for are CryptoPunks, DeFi, Rarible, and SuperRare. Perhaps these could be the next Beeple? Making a purchase decision based on trends, trading volume, and market cap is essential with all NFTs.
To learn more about some other trending topics and the latest in the software industry, visit our blog today to know how to navigate the business space and other handy tips. We have comparative reviews and in-depth analyses for everyone.