Non-Fungible Token (NFT) Standards - Overview
NFTs are on the rise. Currently, users who are interested in non-fungible tokens mostly consider them to be crypto tokens that contain digital art or cryptocurrency development company. In the near future, NFT development will change the way we create, distribute and consume digital content.
These are 4 metaverse cryptocurrencies with growth potential in 2022
Among the options is a cryptocurrency that does not require the payment of commissions and that has facilitated millions of NFT sales from respected firms such as Major League Baseball,Guest Posting Street Fighter and Atari.
After Mark Zuckerberg announced the name change from Facebook to Meta to mark the company’s focus on the metaverse, this word has become a trend not only among fans of virtual reality but also in the media, technology and, of course, business sector.
The obsession with virtual spaces, where people could communicate, work, learn or go shopping has also affected the cryptocurrency market. With the advancement of purchases of virtual spaces in exchange for decentralized assets, this sector has seen impressive jumps in the values of currencies that serve such projects.
Considering opportunities that the metaverse is opening in this sector, among the cryptocurrencies with capitalization below 1,000 million dollars and with good growth potential in the coming year are WILD, Chromia, CEEK, and WAXP.
Wilder World’s native token, WILD, is a metaverse built with the Unreal Engine 5 pro game engine on top of the Ethereum blockchain. Although still under development, it will allow you to buy a variety of digital goods and real estate, as well as aiming to become a non-fungible token marketplace(NFT)characterized by high liquidity, decentralization and openness to the community.
Wilder World offers the Mint Factory feature that will enable digital artists to create, design and bring to market their own NFT.
This cryptocurrency is trading at $3.88 and has a market value of $325 million.
For its part, the Chromia blockchain (CHR) is compatible with Ethereum and allows to reinforce existing decentralized applications and develop new ones, providing scalability, improved data management and expanding options in the collection of commissions.
Some popular games work on the basis of Chromia, such as My Neighbor Alice and Mines of Dalarnia.
One of the latest features in development is a new NFT standard called Chromia Originals, which will function both as a native standard in the Chromia chain and a layer compatible with the standard ERC-721 and BEP-721 tokens.
According to CoinMarketCap, CHR trades at $0.79 and has a capitalization of $452 million.
CEEK VR (CEEK)
CEEK is a cryptocurrency that is also based on Ethereum technology and serves the CEEK VR platform, which seeks to become the future of music streaming and content creation. In addition, he holds the patent for a virtual reality headset that is available for sale. The service is supported by several artists, including Lady Gaga, Demi Lovato, Ziggy Marley, Reports The Merkle.
The platform offers a variety of options for earning tokens, creating digital goods and custom currencies and other products for artists and businesses. In particular, CEEK VR develops a virtual stage for live concerts.
The current value of this cryptocurrency is 0.68 dollars and the market value of the project reaches 505 million dollars.
Meanwhile, WAXP is the native token of the WAX blockchain that is used in decentralized video games such as Alien Worlds, Farming Tales, Prospectors and R-Planet, as well as in the creation and marketing of NFT, successfully facilitating millions of sales of non-fungible tokens from respected firms such as Major League Baseball, Street Fighter, Atari and among others.
What sets WAX apart from other blockchains is that it doesn’t require the payment of commissions. Instead, users deposit their coins to maintain transaction processing.
Waxp’s price is $0.49 at the time of writing, and the market value stands at $922 million.