NFT (non-fungible token) technology has exploded in popularity over the past few years, with more and more investors looking to get in on the action. Nfts are unique digital assets that are bought and sold on blockchain marketplaces, and they can represent anything from artwork and collectibles to virtual real estate and even music.
If you’re considering investing in NFTs, you may be wondering which ones are the best to buy. In this blog post, we’ll take a look at some of the top NFT Tokens to invest in for 2023, based on their potential for growth and the value they offer.
Whether you’re a seasoned investor or new to the world of NFTs, these tokens are worth considering for your portfolio.
List of Best NFT Tokens to Invest in 2023
- ApeCoin (APE): BAYC NFT Native Token
- Flow (FLOW): Best Layer-1 NFT Marketplace Token
- Axie Infinity (AXS): Play-to-earn NFT Games
- Chiliz (CHZ): Best Fan Token For Sports and Entertainment
- The SandBox (SAND): Best NFT and Metaverse Token
- Immutable X (IMX): Later-2 Scaling Solution for NFTs
- Enjin Coin (ENJ): Best Platform for blockchain-based Gaming Ecosystem
- Wax (WAXP): Best for Faster E-commerce Transactions
Comparison between Best NFT Tokens
| Rank | Name | Price | Market Cap | Circulating Supply |
|---|---|---|---|---|
| 30 | ApeCoin APE | $3.60 | $1,299,918,384 | 361,250,000 APE |
| 44 | Flow FLOW | $0.7563 | $783,700,342 | 1,036,200,000 FLOW |
| 50 | Axie Infinity AXS | $7.02 | $699,593,721 | 99,634,148 AXS |
| 51 | Chiliz CHZ | $0.1116 | $684,719,187 | 6,137,378,244 CHZ |
| 52 | The Sandbox SAND | $0.4474 | $670,866,569 | 1,499,470,108 SAND |
| 85 | ImmutableX IMX | $0.4264 | $311,891,702 | 731,419,290 IMX |
| 95 | Enjin Coin ENJ | $0.2644 | $264,420,255 | 1,000,000,000 ENJ |
| 159 | Wax WAXP | $0.0483 | $112,398,696 | 2,326,980,848 WAX |
1. ApeCoin (APE): BAYC NFT Native Token
The ApeCoin is a digital token used within the APE ecosystem to provide governance and utility. It is an ERC-20 token, which means it is built on the Ethereum blockchain.
ApeCoin holders can participate in the decentralized governance of the ApeCoin Decentralized Autonomous Organization (DAO) and vote on how the ApeCoin DAO Ecosystem Fund should be used.
The APE Foundation, which was gifted a unique non-fungible token (NFT) by Yuga Labs, the creators of Bored Ape Yacht Club, administers proposals that are agreed upon by ApeCoin holders. The members of the ApeCoin DAO have the ability to decide how this intellectual property is used.
The total supply of ApeCoin is minted all during launch and permanently fixed at 1 billion tokens. Currently, 36% of the total supply is in circulation.
2. Flow (FLOW): Best Layer-1 NFT Marketplace Coin
Flow is a decentralized cryptocurrency and smart contract platform that aims to be fast, secure, and developer-friendly. It is designed to support a wide range of use cases, including decentralized finance (DeFi), gaming, and non-fungible tokens (NFTs).
Flow is built on a new consensus mechanism called Autonomous Flow, which is based on a variant of proof-of-stake (PoS) and is designed to be energy-efficient and scalable. The Flow network is secured by a decentralized network of validators, who are responsible for verifying and validating transactions on the network.
Flow has a native programming language called Cadence, which is used to build and deploy smart contracts on the platform. The Flow platform also includes a virtual machine (VM) that executes smart contracts, as well as a number of built-in libraries and tools for developers.
Flow has a number of partnerships with well-known companies and organizations, including the NBA (NBA Top Shot NFTs), Dapper Labs (creators of CryptoKitties NFTs), and Ubisoft. The Flow platform is being developed by Dapper Labs, a Canadian blockchain company.
3. Axie Infinity (AXS): Play-to-earn NFT Games
Axie Infinity is a blockchain-based game that allows users to buy, sell, and trade virtual creatures known as Axies. These Axies are represented as non-fungible tokens (NFTs), which means that each one is unique and cannot be exchanged for other assets of equal value.
Axies have various attributes, such as species, body parts, and abilities, which can affect their value. Users can breed Axies to create new ones with different attributes, and the rarity of these attributes can also affect the value of the Axie.
AXS is the native cryptocurrency of the Axie Infinity platform, and it is used as a means of exchange within the game. Users can use AXS to buy, sell, and trade Axies, as well as purchase items and services within the game.
The value of AXS is closely tied to the demand for Axies and other items within the game, as well as the overall popularity and success of the Axie Infinity platform.
4. Chiliz (CHZ): Best Fan Token For Sports and Entertainment
Chiliz (CHZ) is a cryptocurrency that is used on the Socios.com platform, which is a fan engagement and rewards platform for sports and entertainment. The platform allows fans to participate in polls, surveys, and other activities related to their favorite teams and celebrities, and they can earn or spend CHZ tokens as part of this process.
CHZ is built on the Ethereum blockchain and is designed to be a fast and efficient way for fans to interact with their favorite sports and entertainment brands.
On the Socios.com platform, fans can use CHZ to vote in polls, access exclusive content, and participate in other interactive experiences. The platform also includes a marketplace where fans can buy and sell merchandise NFTs and other products using CHZ.
In addition to its use on the Socios.com platform, CHZ is also listed on a number of cryptocurrency exchanges, where it can be traded for other cryptocurrencies or fiat currencies.
5. The SandBox (SAND): Best NFT and Metaverse Token
Sandbox is a decentralized metaverse platform that allows users to create and monetize their own virtual experiences and games. It utilizes blockchain technology to enable the creation of NFTs (non-fungible tokens) that represent ownership of virtual assets within the metaverse.
The platform also has its own cryptocurrency, SAND, which is used for transactions within the metaverse. Users can buy and sell virtual real estate, items, and services using SAND, and developers can use it to create and monetize their own virtual experiences.
Sandbox aims to create a new paradigm for virtual reality and gaming, where users have complete control and ownership over their virtual assets and experiences.
6. Immutable X (IMX): Later-2 Scaling Solution for NFTs
Immutable X is a layer 2 scaling solution for non-fungible tokens (NFTs) on the Ethereum blockchain. It is designed to improve the scalability and speed of NFT transactions on Ethereum, which can be slow and expensive due to the high demand for NFTs and the limited capacity of the Ethereum network.
Immutable X uses a technology called “optimistic rollups” to scale NFT transactions. Optimistic rollups allow many transactions to be bundled together and processed in a single batch, rather than each transaction being processed individually.
This can significantly increase the number of transactions that can be processed per second, reducing the cost and time required to complete NFT transactions.
Immutable X also includes a system called “zero-knowledge proofs” to ensure the security and integrity of NFT transactions. Zero-knowledge proofs allow for the validation of transactions without revealing the details of the transactions to third parties.
This helps to protect the privacy of NFT holders and ensures that NFT transactions are securely processed.
Overall, Immutable X aims to make NFT transactions on Ethereum faster, cheaper, and more secure, improving the overall user experience for NFT buyers and sellers.
7. Enjin Coin (ENJ): Best Platform for blockchain-based Gaming Ecosystem
Enjin Coin (ENJ) is a cryptocurrency designed specifically for the gaming industry. It is intended to be used as a means of exchange within a decentralized, blockchain-based gaming ecosystem.
The Enjin platform allows game developers to easily create and manage their own in-game currencies and virtual goods, which can be traded and sold on the platform’s marketplace. This creates a new revenue stream for game developers and allows players to have more control over the value of their virtual assets.
In addition to its use in the gaming industry, ENJ can also be used as a means of payment for various goods and services within the broader blockchain ecosystem.
Overall, the Enjin platform aims to create a more secure, transparent, and decentralized gaming experience for all stakeholders in the industry, including developers, players, and investors.
8. Wax (WAXP): Best for Faster E-commerce Transactions
WAX (Worldwide Asset eXchange) is a decentralized platform that allows users to buy and sell virtual assets, such as in-game items and collectibles, quickly and efficiently. It utilizes a blockchain-based system to facilitate transactions and ensure the authenticity and security of the assets being traded.
One of the main benefits of WAX is that it makes e-commerce transactions faster. Traditional online marketplaces often involve multiple intermediaries, such as payment processors and escrow services, which can slow down the transaction process.
With WAX, transactions are directly peer-to-peer, eliminating the need for these intermediaries and speeding up the process.
Additionally, WAX allows users to create their own virtual marketplaces using its platform, giving them the ability to customize and control their own buying and selling experience. This further increases the speed and efficiency of e-commerce transactions on the platform.
Overall, WAX aims to revolutionize the way virtual assets are bought and sold, making the process faster and more convenient for users.
What are NFTs?
NFTs (non-fungible tokens) are digital assets that are unique and cannot be exchanged for other assets on a one-to-one basis. They are often used to represent ownership of digital items such as art, music, videos, or other forms of media.
NFTs are stored on a blockchain, which is a decentralized and secure digital ledger that allows for the creation and verification of digital transactions.
For example, a dollar bill is a fungible asset because it can be exchanged for any other dollar bill, but an NFT is a non-fungible asset because it is unique and cannot be replaced with another NFT.
Best NFT Marketplaces to buy Digital Art
There are many NFT marketplaces where you can buy NFTs. Some popular ones include:
- OpenSea: A marketplace for buying and selling NFTs, including art, collectibles, and in-game items.
- SuperRare: A marketplace for digital art, featuring works from artists around the world.
- Rarible: A marketplace for buying and selling NFTs, including art, music, videos, and other forms of media.
- KnownOrigin: A marketplace for digital art, featuring works from established and emerging artists.
- Foundation: A marketplace for buying and selling NFTs, including art, music, and other forms of media.
How to buy the Best NFT Tokens?
Here are a few cryptocurrency exchanges that offer NFT-based crypto tokens:
- Binance: Binance is one of the largest and most popular cryptocurrency exchanges, with a wide selection of NFT-based crypto tokens available for trade.
- Coinbase: Coinbase is a well-known and trusted cryptocurrency exchange that offers a variety of NFT-based crypto tokens for trade.
- Kraken: Kraken is a leading cryptocurrency exchange that offers a selection of NFT-based crypto tokens for trade.
- Bitfinex: Bitfinex is a cryptocurrency exchange that offers a variety of NFT-based crypto tokens for trade.
- Huobi: Huobi is a global cryptocurrency exchange that offers a selection of NFT-based crypto tokens for trade.
Conclusion
In conclusion, 2023 is shaping up to be a promising year for NFT investments. There are a wide variety of NFT tokens to choose from, each with its own unique value proposition and potential for growth. Some of the best NFT tokens to consider investing in include Axie Infinity, ImmutableX, and The SandBox.
Each of these tokens offers a unique and immersive experience for users and has the potential to generate significant returns for investors. As with any investment, it is important to do your due diligence and carefully research the market before making a decision.
However, with the right strategy and a bit of luck, investing in NFT tokens in 2023 could be a lucrative opportunity.
