Considering the NFT market’s explosive expansion over the last year, it may be tough to determine which NFT projects have the highest prospects. This post will review the 5 best up and coming NFT collections to buy now to help simplify your decision-making process.
1. Lucky Block (LBLOCK)
Our top recommendation for the best up and coming NFT collections to buy now is Lucky Block.
At press time, LBLOCK trades at $0.001909, a drop of 2.67% in the last 24 hours and 20.82% in the past 7 days. The digital asset is 80.89% below the all-time high of $0.01.
The Binance Smart Chain (BSC) network hosts Lucky Block, a cutting-edge crypto gaming platform. The goal of Lucky Block is to increase gaming transparency and fairness by creating a gaming system in which every participant has a better chance of winning while also contributing to the community and providing a sound investment plan for token holders.
Lucky Block reduces draw periods and allows for numerous draws each day, giving participants more chances to win while lowering gaming costs.
Furthermore, regardless of the magnitude of the jackpot winnings, the adoption of distributed ledger technology allows for faster reward disbursements and complete documentation and verification.
The Android app for Lucky Block was recently released on the Google Play Store. Except for 11 countries that restrict prize draw games for monetary reward, the crypto gaming platform is now available globally.
2. Decentraland (MANA)
Browser-based 3D virtual world platform, Decentraland, is second on our list of 5 best up and coming NFT collections to buy now.
Currently, Decentraland is priced at $2.192. MANA has seen an uptrend of 4.57% in the last 24 hours and a rise of 2.26% in the past 7 days. The digital asset has slumped by 62.83% below its all-time high of $5.90.
Decentraland (MANA) is an Ethereum-based virtual reality platform that allows users to produce, enjoy, and monetise content and apps. Users can purchase virtual land plots to be developed and monetised in this virtual world.
Essentially, the platform is for content creators, individuals, and businesses seeking a new artistic medium or a new kind of entertainment. Hence, many Decentraland users make money by leasing, advertising, and sharing commercial experiences.
Everyone in Decentraland can now use the In-World Builder, available since last year. The In-World Builder in Decentraland allows users to construct visual scenes which they can deploy in-world. You can construct visual scenes by dragging and dropping things from the catalogue into your scene (scenes are known as “projects” before they’re published).
All pieces can be moved, rotated, scaled, or duplicated, to build the scene of your dreams. Therefore, users will be able to publish the scenes they are working on into their plot and see them in-world if they own LAND.
3. The Sandbox (SAND)
The Sandbox, a 3D Metaverse game, is next on our list of 5 best up and coming NFT collections to buy now. SAND’s price at press time is $2.97, up 8.16% in the last 24 hours.
Ethereum powers this decentralised NFT gaming metaverse. It enables non-techies to create, sell, enjoy, and monetise virtual reality NFTs.
The Sandbox is a one-of-a-kind platform that incorporates blockchain technology with the gaming industry. The digital asset focuses on user-generated content. Through the Sandbox’s SAND token, users can express their opinions on the project’s progress.
21Shares, a crypto exchange-traded product (ETP) issuer, has created a new SAND token-focused ETP to expose investors to The Sandbox’s metaverse and gaming platform.
Institutional investors use exchange-traded funds (ETFs) to wager on cryptocurrencies and blockchain projects.
Built on Ethereum, the Sandbox platform is a decentralised virtual environment where users may monetise assets and gaming experiences. In addition, investors will be able to safely and securely profit from The Sandbox’s growth, thanks to the ETP.
4. Solana (SOL)
Solana is next on our list of 5 best up and coming NFT collections to buy now. It is a decentralised app platform that supports smart contracts, non-fungible tokens (NFTs), and decentralised apps (dApps).
At press time, Solana’s price is $107.50, up 5.27% in the past 24 hours. Also, the asset has risen by 3.24% in the past 7 days and is 58.59% below the all-time high of $260.06.
Solana is well-known in the cryptocurrency ecosystem due to the blockchain’s breakneck processing speeds. Its hybrid protocol enables a faster transaction and smart contract execution validation.
The protocol has been developed to have low transaction costs while ensuring scalability and speed of processing.
NFTs that are created on the Solana blockchain network can be traded on OpenSea – the largest NFT exchange by volume globally. OpenSea is mainly built on Ethereum and presently controls a substantial portion of the NFT trading market.
Thanks to the addition of Solana, OpenSea can now accept collectables from Solana and its sidechain scaling solutions.
5. Theta Network (THETA)
Rounding off our list of 5 best up and coming NFT collections to buy now is Theta.
At press time, THETA price is $3.13. The asset is up 2.79%, a rise of 1.31% in the past 7 days. THETA is 80.30% below the all-time high of $15.90.
Theta is a blockchain-based network that was designed with video streaming in mind.
Users exchange bandwidth and computing resources on the Theta mainnet, a peer-to-peer (P2P) network.
Theta’s principal business concept is to decentralise video streaming, data transport, and edge computing. This makes it more efficient, cost-effective, and fair.
American Idol has partnered with Theta Network to develop NFTs to celebrate the reality show’s 20th anniversary. The NFTs will be sold in nine-pack digital trading cards for $99. Each bundle will include one of the top 14 contestants from season 20 of American Idol.
Additionally, holders of the NFTs will compete for incentives based on how far they journey in a five-week competition. The grand prize is a “Trip to Hollywood NFT”, which entitles anyone who has the winning contestant’s NFT to a real ticket to Hollywood.
Read more:
