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- 1 Decentraland, Sandbox, and Axie Infinity are amongst the top NFT coins to buy.
- 2 Utility, scarcity, interoperability, and innovation are the primary reasons these coins are placed at the top.
The best NFT coins are those that make them stand out from others based on the distinction of features. They have an active and engaged community. Based on the above quality, the top 3 NFT coins are discussed below. However, they are subjective and depend on individual preferences.
Decentraland
It is the most popular virtual world with a 3D immersive experience. In this virtual world, the player can create, share, and monetize the content and applications. Decentraland users buy virtual plots of land as NFTs with MANA tokens. It has a market cap of $5.2 Billion at the time of writing. Coin market cap data shows that it has a total circulating supply of 1.8 Billion MANA.
In this digital world users purchase plots of land that they can navigate, build upon, and monetize. It uses two tokens MANA and LAND. MANA is an ERC-20 token that must be burned to get the non-fungible ERC-721 LAND tokens. MANA token is also used to acquire the things available on the Decentraland marketplace and also the avatars, wearables, etc.
Sandbox
Sandbox is a virtual world that allows users to buy, sell, create, and build digital assets in the form of games. SAND is the utility token of the platform which facilitates transactions on the platform. The market cap of the sandbox is $5.8 Billion and it has a total circulating supply of 2 Billion SAND. It is the top NFT for building voxel NFT games.
The virtual platform promotes decentralized governance and allows users to share their views regarding the development of the project. Sandbox is supported by many brands like Atari, Helix, and CryptoKitties.
Axie Infinity
Axie Infinity is a blockchain based trading and battling game. It is owned and operated by players. The token-based creatures, Axies are created, bred, bought and sold here. The coin market cap data shows that it has a market cap of $5.9 Billion and has a circulating supply of 141.31 Million AXS.
Axie Infinity Shards (AXS) is a unique governance token of the Axie ecosystem. They are used in voting and other governance rights.
Theta Network
Theta Network is built for video streaming. It is launched in 2019. Here, the user can share the bandwidth and computing resources on a peer-to-peer (P2P) basis. THETA is the governance token. It has a market cap of $584,307,858 and has a circulating supply of 1,000,000,000 THETA.
Tezos
Tezos is an open-source platform and its smart contract language provides the accuracy needed for high-value use cases. Tezos blockchain is high-performance and low-cost transactions for the users in the NFT and metaverse ecosystem. It has a market cap of $638,398,330 and a circulating supply of 955,705,566 XTZ.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
