The future of NFTs such as Huh tokens, Bored Ape Yacht (BAYC) & Mutant Ape Yacht Club and how to purchase them.

Deciding what to invest in between NFTs and cryptocurrencies can be complicated if you don’t have a clear guide of what they both are considering their differences, what to expect and where to purchase them from. NFTs have become popular with people buying the rights of intellectual property. It could be the digital answer to the collection of audios, art pieces, music, video, even a domain name. Giving the buyer the chance to buy an asset online that may have gone viral and can be sold again for a profit.

Huh Tokens explained

Huh token launched at the end of 2021 after a successful campaign the “Utimeme” saw a huge spike in the price, which rose by almost 70% in January. Fast forward to today the token is up 4.22% on the last day. There has been a steady rise over the last week. Which does not compare to the overall fall of the token.

The aim of Huh token “Utimemes” was to merge the power of ‘meme’ tokens with the useability of utility tokens. A Utimeme token combines a meme token with a utility token, combining its power and usability. HUH uses a protocol that will give a fair chance for everyone to receive rewards. The roadmap of Huh token suggests that there will be a social media app released at the end of the year.

Huh tokens can be purchased from BitForex, and PancakeSwap (V2). Plus, the marketplace of NFTs can be looked at on Crypto.com which has exclusive collections from highly ranked creators. Huh token is currently has over 20 thousand wallet holders and over 1600 minted Huh NFTs. A more exciting listing will be released soon.

Non-fungible tokens won’t be able to be replaced or swapped because of their unique properties. So, digital certificates are given to show the ownership due to it being digital it can be easily and endlessly duplicated.

What is an NFT?

In economics, a commutable asset is a commodity with units that can be readily reciprocated-like plutocrat. Still, if the commodity is non-fungible, this is insolvable-it means it has unique parcels so it cannot be reciprocated with commodity differently. NFTs are original meaning in the digital world they can be bought and can be vended like any other piece of property, but which have no tangible form of their own. Digital commemoratives can be allowed as instruments of power for virtual or physical means. The collections of NFTs can be found on websites such as OpenSea where statistics of NFTs are available.

Predictions of the future and NFT’s

NFTs have more than $3billion on OpenSea in sales. This is a promising figure for those interested in purchasing NFTs. Some sceptics have said there is no reliability of NFTs and it faced the same concerns about the environmental impact of maintaining the blockchain.

It proves that NFTs can be a good investment as their value is in the exclusivity of the digital trading assets. Due to the value increasing considerably when the demand is higher. David Gerard, author of Attack of the 50-foot Blockchain warned the average person won’t make money on through NFTs. This could be argued untrue as many people have made money through investing in and selling NFTs such as Huh token.

Coin Market Cap shows that the most popular NFTs today are owned by Bored Ape Yacht and the second most popular is Mutant Ape Yacht. They are both Ethereum projects.

Bored Ape Yacht (BAYC) consists of 10,000 Bored Ape NFTs -- unique digital collectables living on the Ethereum blockchain. Your Bored Ape acts as your Yacht Club membership card and grants you access to members-only benefits, including THE BATHROOM, a collaborative graffiti project. OpenSea is displaying the collection of Bored are on their site and purchases can be made there.

Bored Ape Yacht (BAYC) has a trading volume of $103.41m and 6,355 owners, just under 350 NFTs have been sold in the last week. The creator of (BAYC) Yuga Labs has fundraised $450 for an NFT metaverse called the ‘Otherside.’ Yuga Labs also owns three of the largest NFT collections on the market which is worth around $4 billion.

Mutant Ape Yacht has sold more than 1100 NFTs in the last week. They have 18.5k items, over 12k owners, and 287.3k items were traded. Mutant Ape Yacht Club is one of the most successful NFTs.Mutant APE Yacht Club is a collection of Mutant Apes consisting of as many as 20,000 that can be created by exposing an existing Bored Ape to a vial of MUTANT SERUM or by minting Mutant Apes for public sale.

Ways to make money through NFTs could be staking them, which is where someone maintains the upkeep of them. The benefits of this include gaining shares and various incentives. This could be done on sites such as Rplant.

Some start-ups are displaying showcasing promising industries that are showcasing great innovations. NFTs could revolutionise the future. When buying an NFT art form it would be wise to consider whether there would be a long-term benefit. Investing in any cryptocurrency or NFT can be risky, and regulations may put cryptocurrencies at risk, so investors should proceed with caution.