The Best NFT Projects To Look Out For In 2023 – BeInCrypto
While the crypto community is waiting to see how long the bear market lasts, there’s no question that the crypto industry is full of potential. From DeFi to GameFi, the space has many applications that are likely to change the way things work over the coming decade.
One such area is Non-Fungible Tokens (NFTs), which have opened up new opportunities for creators to monetize their work in the form of digital collectibles, artwork, music, and more. They also offer buyers assurance that they are purchasing a genuine product while allowing ownership to be tracked securely without any risk of duplication or fraud.
With this in mind, learning about the best NFT projects is vital to identify the shrewdest investments, and here are the top picks for unbelievable returns in 2023.
- Metacade (MCADE)
- ApeCoin (APE)
- Axie Infinity (AXS)
- The Sandbox (SAND)
- Decentraland (MANA)
- EnjinCoin (ENJ)
- Quant Network (QNT)
Metacade is an ambitious new project that seeks to utilize blockchain technology to create the largest play-to-earn (P2E) virtual video arcade in the metaverse. It will be a hub for gamers to connect with other gaming enthusiasts, earn money from playing P2E titles, and contribute to the Web3 gaming revolution.
Alongside the core experience of P2E gaming, users can also gain passive income through several other methods, such as being rewarded for contributing and interacting with the community (such as writing game reviews or participating in live chats).
The project is powered by its utility and governance token, MCADE, which is used throughout the platform. The token can also be staked in order to earn its holders a passive income while benefiting the community. With staking rewards paid out in stablecoins to keep the circulating supply from increasing, steps are clearly being taken to keep the token value stable.
The Metagrants program is one of Metacade’s highlights. Game developers are able to pitch their projects to the Metacade community, with MCADE holders voting to determine which projects receive funding. This gives MCADE holders a great deal of control in the priorities of the games being integrated and starts in Q3 2023, with the first title released in Q1 2024.
While Metacade has yet to reveal the role of NFTs in the project explicitly, the project’s aspirations to become the metaverse’s largest arcade means that investors can expect there to be NFT integrations as the project develops. Alongside Metacade’s high GameFi potential, it means that many seasoned investors see Metacade as an early-stage contender for one of the best NFT projects which could yield astronomical returns.
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