In the past year, we have seen a boom in the sales of NFT cryptos and tokens. Christie’s, the world-renowned auction house, sold an NFT artwork for 69 million dollars, setting a new record for the highest price ever paid for an NFT. Market giants Bitcoin and Ethereum also topped their rates with new all-time highs. This surge in interest and investment has led many people to wonder if NFTs are a viable investment option.
There are many different ways to approach investing in NFTs. You can purchase them directly from creators or on secondary marketplaces. Alternatively, you can invest in cryptocurrencies that support networks with NFT trading. Each approach has its own benefits and risks, so it’s important to do your research before making any decisions. In this article, I have chosen to focus on which NFT tokens are the best and why they can be a possible investment.
Why buy NFT tokens?
- If you believe that the current NFT will rise in value
- NFT tokens are necessary for those who want to create, buy or sell NFTs
- Depending on which network the current token belongs to, you can, for example, influence the development. You can also get rewards.
- You believe that NFTs are the beginning of tomorrow’s exclusive ownership.
Best NFT marketplaces and exchanges
If you’re looking to buy NFT crypto, there are a few different platform options to choose from. OpenSea is one of the most popular choices and offers a wide variety of digital assets. Capital is another option that features AI technology and deep analysis tools. Crypto.com is a dedicated exchange for cryptocurrencies and NFTs, while Libertex allows you to indirectly invest in NFT crypto via CFD trading. Larva Labs is best known for their viral CryptoPunk’s NFT project, which was originally launched in 2017. Some of the CryptoPunks have sold for millions of dollars in the secondary market, making Larva Labs a popular choice for NFT investors.
In short, the above players differ in their range and price range. Also, the possible types of trade, as well as tools vary in them. As for Capital, it is a good starting point for all types of investors. As a beginner, you can, for example, test the platform through a demo account. For the experienced, you will instead find several useful and advanced analysis tools. In addition, you will also find several types of NFT cryptos such as Enjin and Decentraland. Like Capital, the other candidates also offer advanced derivatives trading. Thus, you speculate on NFT crypto price differences with leverage. However, it is important to remember that you do not own the direct asset when trading CFDs. With Deribit available NFT cryptos are Bitcoin, Ethereum, and Litecoin.
I have also looked at the selection at eToro and it goes beyond this with twelve different assets including Binance Coin (BNB) and Polkadot (DOT). And while Kraken supports nine types of NFT cryptos, it is important to mention that the platform has focused on function over form in its mobile app which feels a bit outdated. Still, it’s an extremely user-friendly platform making it a good choice for those just getting started in the world of NFT crypto investing.
When it comes to fees, Bybit is tough to beat thanks to its low taker fees starting at 0%. Like most of its competitors, Maker fees are negative which means that Bybit actually pays you to provide liquidity to the market. Although these three platforms that I just mentioned, have their pros and cons, Bybit is the clear winner when it comes to fees.
Another important consideration when choosing an NFT crypto exchange is security. All three exchanges hold a large percentage of their assets in cold storage which helps to protect them from hackers. They also all utilize two-factor authentication ensuring that only authorized users can access accounts. In terms of customer support, Kraken wins hands down with 24/7 live chat availability in multiple languages. Although eToro and Bybit both offer email support 24/7, Kraken’s live chat feature gives it an edge when it comes to customer service. With a wide range of assets available, low fees, and excellent customer support, I believe that Kraken is a great option for both beginners and experienced investors alike.
Buy NFT Crypto 2022: Step by Step Guide
So, you want to get in on the NFT crypto craze? With the prices of some non-fungible tokens (NFTs) soaring, it’s no wonder that everyone is trying to get a piece of the action. But where should you start? And more importantly, how can you ensure that you don’t get scammed?
Never fear, I am here to help. In this article, I will walk you through the process of buying NFTs, step by step. I will also provide some helpful tips on how to choose a reputable exchange and avoid getting scammed. So let’s get started.
Step 1 – Choose a trading platform
As a first step before your investment, you need to choose a trading platform. The choice may not be simple, as there are many options on the market. To help you on your way, I have compiled a list of criteria you should keep in mind when choosing a platform.
- Security – The actor keeps your money in a safe way, for example in a segregated account. In addition, it should hold a license and comply with current regulations such as the MiFID II directive.
- Trading Instruments and Investment Opportunities – These categories should meet your requirements. Consider what you want to trade and which tools you need to be able to carry out your trade in the best possible way.
- Customer support and language – Make sure the platform is user-friendly with customer support that you can reach when needed. You should also research so that you understand the user language.
- Costs – Find out what fees are mandatory. Then evaluate if these fit into your trading plan. Unnecessary costs can take too much of your potential profits.
Step 2 – Activate and verify your account
After you have chosen your trading platform now it is time to create your account and verify your profile. Capital.com has a button for registration in the middle of the home page and alternatively one in the top right corner.
When you have completed the registration and have verified your email address, you need to answer some investment-related questions, as well as underline which country you are from. This is for your own safety, but also to protect the platform against money laundering.
You can find the questionnaire by clicking on “Complete Registration Form” at the top of Capital.com
Step 3 – Invest in NFT token
If you want to buy an NFT token, you must first find it. In this case, I use Capital and Ethereum as examples. The former is an easy-to-navigate platform for experienced traders and beginners. Here you can choose to directly search for the coin in the search tool or explore the menu and the various categories yourself.
In my example, I enter “Ethereum” at the top right of the screen. Then I choose to click on “Buy”, because I know I want to invest.
When investing in capital.com, you have the ability to choose how much money you want to invest. This can be done by setting the parameters on the right side of the screen before you complete the purchase. There are options for “Close at loss” and “Close at profit”, as well as a choice of how much you wish to trade. This flexibility gives you the power to control your investment and ensure that you are comfortable with the amount of money you are putting in. As always, remember to research the asset before investing and never put in more money than you can afford to lose.
Top List: Best NFT Token in August 2022
Coming up with a list of the best NFT tokens for August 2022 is no easy feat. With the increasing popularity of NFTs, there are now thousands of tokens to choose from. However, after careful consideration, we have compiled a list of the top 10 NFT tokens for August 2022. These tokens represent a diverse range of projects and boast a variety of features that make them stand out from the rest. So, without further ado, here are the 10 best NFT tokens for August 2022.
Token #1: Decentraland (MANA)
Decentraland is a virtual world that runs on the Ethereum blockchain. Users can purchase land in Decentraland and use it to build virtual reality experiences. MANA is the native token of Decentraland and is used to purchase land and other assets in the virtual world.
Token #2: Cryptokitties (CKTY)
Cryptokitties is a digital collectibles game that allows users to buy, sell, and trade digital cats. Each cat is unique and stored on the Ethereum blockchain. CKTY is the native token of Cryptokitties and is used to purchase cats and other items in the game.
Token #3: Axie Infinity (AXS)
Axie Infinity is a digital pet game that allows users to collect, train, and battle digital monsters known as Axies. AXS is the native token of Axie Infinity and is used to purchase Axies and other items in the game.
Token #4: The Sandbox (SAND)
The Sandbox is a virtual world that allows users to create, own, and monetize their gaming experiences. SAND is the native token of The Sandbox and is used to purchase land and other assets in the virtual world. 5% of all SAND tokens are distributed to gamers each month through The Sandbox’s Play-To-Earn program.
Token #5: Gods Unchained (GOLD)
Gods Unchained is a digital trading card game that allows players to use blockchain-based cards in competitive gameplay. GOLD is the native token of Gods Unchained and is used to purchase cards and other items in the game.
Token #6: Blankos Block Party (BLNK)
BLNK is an online multiplayer party game where players can create their own characters, worlds, and games. BLNK is the native token of Blankos Block Party and is used to purchase cosmetics and other items in the game.
Token #7: Super Rare (SR)
Super Rare is a marketplace for digital art where artists can sell their works directly to buyers through blockchain-based smart contracts. SR is an ERC20 token that powers Super Rare’s decentralized marketplace ecosystem and is used to purchase artworks on the platform.
Token #8: Dapper Labs (DAPPER)
Dapper Labs creates games, tools, and experiences that empower people everywhere to interact with blockchains in new and meaningful ways.
Token #9: Enjin Coin (ENJ)
ENJ powers an ecosystem of interconnected blockchain gaming products that allow everyone from AAA studios to independent game developers to create revolutionary games and experiences.
Token #10: Everdome (DOME)
The coin DOME works as the utility token of its metaverse and aims at making NFTs more realistic. This is in contrast to other metaverses that simply use avatars to represent people. The total supply of this token is 100 billion, and 5.7 billion of these are currently in circulation. What makes DOME different is its focus on making NFTs more realistic. For example, instead of just using an avatar to represent a person, DOME would create a 3D model of that person that can be used in the metaverse. This would make it possible to create a more realistic and immersive experience for users. In addition, the use of DOME tokens would allow for the creation of new NFTs that are not possible with other currencies. For example, DOME tokens could be used to create unique pieces of art or virtual real estate. The possibilities are endless, and the team behind DOME is working hard to make it a reality.
There you have it! These are my top 10 NFT tokens for August 2022.
Summary – Should you Invest in NFT Crypto?
When it comes to crypto, there are a lot of different options to choose from. But if you’re looking for something with potential, you might want to consider NFT crypto. These coins have already seen a lot of success, and their popularity is only continuing to grow. Of course, this also means that their prices can be somewhat volatile. But if you’re willing to take on some risk, they could be a great investment. Just be sure to do your research and only invest what you can afford to lose. With the right strategy, NFT crypto could help you see some big returns.