In 2021, NFTs (non-fungible tokens) experienced a dramatic surge in popularity. We witnessed record-breaking NFT sales and growing interest in this crypto market subsector. Here are several reasons why NFTs deserve attention:
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NFTs can serve as a store of value during broader market downturns.
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New and innovative NFT projects are being launched regularly.
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There is potential for NFTs to flourish further with the rise of the metaverse.
If you are considering investing in the future of NFTs, there are several noteworthy projects to follow. Below is a concise overview of some prominent players to consider.
FTX Token (FTT)
FTX Token (FTT) represents one of the world’s major cryptocurrency exchanges and is particularly geared toward active traders with its extensive suite of derivative products. Recently, FTX announced new initiatives that include increased investment in gaming and NFTs.
The platform aims to promote wider adoption of NFTs globally—not only as a store of value but also as a distinct asset class within the crypto ecosystem.
Crypto.com (CRO)
Crypto.com (CRO) is not a newcomer to the NFT space; it is one of the older, established crypto exchanges. Like FTX, Crypto.com has made significant moves in the NFT arena.
One key development is the launch of a dedicated NFT marketplace integrated into the CRO ecosystem. The growth of Crypto.com’s NFT platform is expected to create meaningful value in both the short and long term.
Chiliz (CHZ)
Chiliz (CHZ) operates a leading blockchain platform focused on sports entertainment and is the technology behind many fan tokens issued by European football clubs. Chiliz is also investing resources into building a broad NFT platform for sports memorabilia and related collectibles.
Given its focus on sports and fan engagement, Chiliz is worth monitoring in the coming months as its NFT offerings continue to develop.