Given the recent rise of NFT sales, it seems unlikely that crypto users would be getting over their fixation any time soon. These crypto assets have even taken over social media networks like Twitter – Now rebranded as X. It’s not uncommon to see names like Domini ($DOMI), Blur, or ApeCoin dominating conversations on the microblogging website. While ApeCoin and Blur have been around for some time now, Domini is a newly-launched platform where crypto users can invest in premium art pieces. The platform is powered by Ethereum and is highly secure. The following list also features four other NFT platforms that have been ruling the roost on X.
1. Domini: Infusing a wave of innovation in the art investment landscape
Domini is an innovative platform where interested crypto users can explore investment opportunities among high-end blue-chip artworks. These artworks are converted into NFTs through tokenization which makes them more accessible to everyone. The art investment landscape is replete with opportunities that many crypto users tend to shy away from due to its premium value. With Domini, the ecosystem is not only democratized but also made more affordable. Its native coin is the $DOMI token and it’s used for all transactions on the website.
The token is built on the ERC-20 standard of the Ethereum network and has a maximum supply of 1,000,000,000 coins. Of this supply, the lion’s share is allocated for presale at 65%, while the remaining tokens are distributed between various categories like financing marketing campaigns, maintaining liquidity on the platform, for team members, and advisors and partners. It can be bought on presale. In the wake of its strong presale growth, many analysts have gone ahead to include the Domini presale in their best cryptocurrency ICO lists for the year.
What’s more, is that the token has a deflationary model which safeguards the token value in volatile market conditions. . Under a deflationary model, the token supply is always kept under a tight leash to prevent it from exceeding the demand. The mechanism keeps prices from fluctuating too much and the token value stays stable. If the token supply exceeds the demand, the extra tokens are destroyed or removed from circulation to restore the status quo.
With Domini, anyone can easily invest in luxury art irrespective of budget or experience level.A group of experts carefully selects premium and blue-chip artworks which are then tokenized and minted as NFTs. These NFTs are then made available for sale at Domini’s NFT marketplace and can be bought with the DOMI token.
These artworks are kept secured in vaults and fully insured.
2. Blur: Faster NFT sweeps with a user-friendly decentralized marketplace
Blur is a decentralized marketplace and aggregator for NFTs where crypto users can explore features like portfolio management, real-time price feeds, and NFT comparisons across decentralized marketplaces. Many analysts consider it an ideal platform for learning cryptocurrency trading for beginners as it can deliver faster NFT sweeps and a more user-friendly interface. The platform is built on the Ethereum network and the native cryptocurrency is the $BLUR token which also doubles up as the governance token for the ecosystem. Given these features, Blur has emerged as a favorite for NFT traders.
Blur’s key draw is that it addresses challenges that often limit other similar platforms, especially when it comes to royalties due to NFT creatures. Blur supports creators by rewarding those who willingly pay royalties with BLUR tokens. With the rewards system, traders are incentivized to pay creators their due share. At the same, Blur also has a variety of features and resources that make it easier for new users to get acquainted with the platform.
3. ApeCoin: A meme coin empowering a decentralized community
ApeCoin is one of the leading meme coins with which you can lay to rest all your worries about what cryptos to buy now. Its native cryptocurrency is the $APE token and is based on the ERC-20 standard. Apart from serving as the utility token of the platform, it also serves as the governance token of the ApeCoin ecosystem. With a versatile native token, ApeCoin aims to empower its community to build solutions that could catalyze the future of Web 3.0. $APE token holders participate in the governance of the platform that follows the ApeCoin DAO. Token holders get to vote on various operation issues like the allocation of the ApeCoin DAO Ecosystem Fund for various use cases. The platform is maintained by the APE Foundation and it implements the proposals that all community members agree to.
The supply of $APE tokens is capped at 1 billion tokens. The entire stock was minted in one go. According to the ApeCoin team, 62% of the $APE tokens have been allotted to the Ecosystem Fund which is used for financing community-based initiatives and those approved by DAO members.
What adds to ApeCoin’s draw is the way it caters to the needs of different user groups. For instance, $APE token holders get access to certain features of the Ecosystem like exclusive services and games that are not available to everyone. It also has a specialized tool for third-party developers using which they can incorporate ApeCoin into DeFi projects and games. A less-known fact about ApeCoin is that the creators of Bored Yacht Ape Club, Yuga Labs, have gifted the APE Foundation an NFT designed by them. Yuga Labs has given all privileges and rights of the NFT, including the artwork it represents, to the foundation. It is completely up to the ApeCoin Foundation to decide how the NFT or the intellectual property that it represents is to be used.
4. Immutable: For hassle-free scaling of Ethereum-based NFTs
Immutable has emerged as one of the best cryptocurrencies to buy in today’s market because of its one-of-its-kind use case. The platform has been designed as a Layer 2 scaling solution for NFTs powered by the Ethereum network. What sets it apart is that the blockchain removes the limitation of Ethereum to pave the way for a smooth user experience. These limitations include a lack of liquidity, hassles while developing tools, and low scalability.
With Immutable, users can look forward to enjoying seamless trading with hassle-free scalability while minting or trading their NFTs and paying zero gas fees. What’s more, is that all this is achieved without compromising the network’s security. This is made possible as Immutable leverages STARK zk-rollups. By using zk-rollups, Immutable allows its users to build and distribute assets powered by the ERC-20 and ERC-721 standards on a much larger scale. The platform’s native coin IMX functions as the official medium of exchange on the network.
A key USP of the platform is that it’s among the few Layer 2 blockchain protocols that leverage zk-rollups and cater exclusively to NFTs. It has been touted as one of the altcoins to watch out for as it gains global attention with features like a promised throughput of over 9,000 transactions per second. An important component that will be instrumental in fulfilling the promise is Immutable’s API abstraction layer. By leveraging REST APIs, developers can mint, trade, or transfer NFTs simply with an API call on the blockchain. The abstraction layer could also help the platform in drawing new users and foray into decentralized gaming and content-driven spaces.
5. Sandbox: Driving innovation in decentralized gaming
Sandbox is a leading Web 3.0 game and users can look forward to creating, purchasing, and selling digital assets on the platform. By merging DeFi concepts like NFTs and decentralized autonomous organizations (DAO), the Sandbox team strives to create a cutting-edge platform for a thriving community of gaming enthusiasts. Its native cryptocurrency is the SAND token which is used for various transactional purposes on the network including purchasing in-game assets. According to the team, the platform strives to explore successful applications of blockchain technology in gaming.
This top altcoin has amassed a massive fan base thanks to a unique gaming universe where players can build and collect blockchain-powered assets. The play-to-earn platform is built on the Ethereum network and the $SAND token is modeled on its ERC-20 standard. With a focus on user-generated content, Sandbox offers a Metaverse of players who contribute to the platform’s growth by participating in the decision-making process and governance-related matters.
The Sandbox ecosystem comprises three core components – the Game Maker, VoxEdit, and the Sandbox Marketplace. The Game Maker is a program that can be used for creating and testing 3D games on virtual LAND. With the program, players can use elements for editing games, characters, and NFTs without needing to learn advanced programming skills. VoxEdit is a free software for creating NFTs and 3D voxel modeling. With the tool, players can build avatar-specific equipment like weapons, pets, and clothes. These virtual items can also be monetized by selling them as NFTs at the Sandbox Marketplace. Coming to the marketplace, it’s a portal where NFTs can be uploaded, launched, and sold in exchange for $SAND tokens.
Conclusion
The above-mentioned NFT platforms have taken the market by storm with their market performance and ability to drive gains. While all of them have their own USPs, analysts feel that Domini has leverage over others as it offers its users an opportunity to explore an otherwise niche sector. Furthermore, by offering the convenience of fractionalised assets, it allows even small-scale investors to invest in luxury art pieces. Given how the luxury art industry has been growing by leaps and bounds, Domini offers a future-ready opportunity that can serve as a sustained source of passive income.
Lastly, as Domini emerges to be among the best new icos of the year, analysts feel that it has a lot of promise and could provide storing competition to many top altcoins. Head over to the Domini presale and get a chance to accumulate huge volumes of this upcoming new cryptocurrency.
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