In recent years, trading non-fungible tokens (NFTs) has become one of the most lucrative activities in the DeFi space. The value of NFT trading jumped from $100 million in 2020 to $22 billion in 2021. The demand for this asset class is increasing, and investors have an opportunity to gain from this rising interest in NFTs. But how can crypto buyers get involved with NFT investments? Uniglo.io (GLO), Decentraland (MANA), and The Sandbox (SAND) are good places to start.
Uniglo.io (GLO)
Uniglo.io employs a Vault that serves as a storage facility for various assets, including digital currencies, digitized real-world collectibles, and rare NFTs. The selection of assets to be included in the Vault is crucial to achieving portfolio diversification that creates a buffer for the GLO token in times of market fluctuations. This means the Vault includes NFTs that have a strong potential for value appreciation and, thus, revenue for long-term gains. Besides price increases, GLO holders also own a fraction of the NFTs and other assets stored in the Vault.
To help decide which NFTs and assets are to be included and stored in the Vault, the protocol’s decentralized autonomous organization (DAO) takes a vote, affording each token holder a chance to voice out their acquisition choices.
Decentraland (MANA)
Decentraland (MANA) may also generate NFT revenues for long-term gains. It is an Ethereum-based virtual reality (VR) platform that opened to the public in February 2020 following a $24 million initial coin offering (ICO). Participants exchange the MANA cryptocurrency within the Decentraland Marketplace, using the token to buy LAND, a digital real estate that also functions as an NFT. The Decentraland platform also offers its users a wide range of interactive experiences, such as playing games and building 3D structures, which they can eventually monetize.
The Sandbox (SAND)
Another project looking to make NFT gains is SAND, which is an ERC-20 utility token built on the Ethereum network and exchanged within The Sandbox ecosystem. Similar to the creative concept of Decentraland, the Sandbox platform enables its users to earn tokens while designing and playing games. Anyone in its network can build 3D games that can later be sold as blockchain-based assets. The founders of Sandbox aim to make a niche for itself by incorporating mainstream gaming in the world of blockchain technology.
The bottom line
niglo.io (GLO), Decentraland (MANA), and The Sandbox (SAND) are entry points for anyone interested in NFTs. Cryptocurrency traders can gain so much long-term value if they start investing in these NFT-related currencies now.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
