Non-fungible tokens (NFTs) keep attracting attention. In general, this is about digital works of art and digital assets that can be freely traded. The term non-fungible refers to the essence of the assets. It states that the respective token is directly linked to a certain value. These can be trading cards, digital paintings, or collectibles, for example. But which NFT tokens should you buy in summer 2021? Today, we’ll try to find out!
DeFi Coin (DEFC)
DeFi Coin (DEFC) is a native token of the DeFi Coin protocol, which aims to make DeFi projects more attractive and to increase the acceptance of NFT tokens. In the future, the platform will allow exchanging cryptocurrencies with other users in a decentralized manner.
DEFC is based on the Binance Smart Chain. The token is used to implement the goals of the DeFi Coin protocol. These are static rewards, automatic liquidity pools, and strategies for coin burning. After the successful listing on Vindax, it will soon be possible to purchase the coin on other exchanges.
The cryptocurrency THETA is a new NFT token that can be found in its own theta network. The Theta Network is a blockchain-based video delivery platform. Theta was introduced in 2018 with an idea to significantly improve the streaming and viewing of videos on the Internet. It’s therefore a decentralized streaming service with high bandwidth. Users can stream and get paid for it, while other users can watch the streams in high quality.
Theta decentralized the video streaming process to improve the quality of available videos. The Theta team has identified three main problems with live video streaming: poor quality, high infrastructure costs, and inefficient centralized ecosystems. They then used blockchain technology to solve these problems.
Tezos (XTZ) is a decentralized, blockchain-based cryptocurrency and a platform for dApps. Like Ethereum, the platform offers a development environment in which companies can implement their own token-based business models without having to develop a blockchain themselves. That’s why smart contracts are an integral part of the Tezos ecosystem.
Tezos uses a Delegated Proof of Stake (DPoS) algorithm, which enables stakeholders to exert influence on the further development of the platform and to be rewarded for validation of transactions in the network. For example, the stakeholders can choose to pay individuals or groups to work on the Tezos protocol. In this way, the Tezos ecosystem should optimize and develop on its own.
Chiliz is a payment and cryptocurrency platform for blockchain-based services and products. The NFT Token Chiliz is primarily used in sports and especially in football and enables unique fan engagement that allows companies within the sector to promote and monetize audience participation.
In other words, with Chiliz you can support your favorite sports team by working on the platform yourself and trading cryptocurrencies. As a reward, you receive the platform’s native token CHZ. CHZ is a cryptocurrency like any other, which can be traded on Socios.com as well as other platforms. In addition to CHZ, special tokens such as JUV or PSG are also available on the cryptocurrency platform.
Decentraland (MANA) is also a rather interesting NFT token. Decentraland is a virtual reality platform, on which users can buy, create and monetize virtual reality apps. The platform is based on the Ethereum blockchain and was launched after the ICO in 2017. Decentraland went public in February 2020.
What other worthwhile NFT tokens do you know? Feel free to share your favorite ones in the comments!