NFTs are a better part of the Crypto space and have already gotten as much attention and funds as they can get. At the same time, many are arguing that the NFT era has passed, especially with the introduction of GameFi, Move-To-Earn, and the rest, more and more projects are scaling through greater heights in the field. By 2027, the worldwide NFT market is projected to grow from $3 billion in 2022 to $13.6 billion five years later.
In Today’s Article, We will look at the Top 3 selected NFT collections to keep an eye on in 2022. The market still has plenty of room for growth, and we believe these collections aren’t out of steam yet, while one has just kicked off.
3. Ethereum Name Service (ENS)
The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.
ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution,’ making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses.
ENS has similar goals to DNS, the Internet’s Domain Name Service, but has a significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having complete control over subdomains.
Top-level domains, like ‘.eth’ and ‘.test,’ are owned by smart contracts called registrars, which specify rules governing the allocation of their subdomains. Following the regulations imposed by these registrar contracts, anyone may obtain ownership of a domain for their use. ENS also supports importing DNS names already owned by the user for use on ENS.
Transactions made to dapp’s smart contracts sit at 124, up 853% within a 7-day duration. It has 9,178 total sales in 24 hours.
The Total value of assets in dapp’s smart contracts within the last 30 days sits at $1,999.95 (1.36 ETH).
Token Price Action – The Ethereum Name Service Token Price ($ENS) today is $8.80 with a 24-hour trading volume of $49,080,972.
2. Axie Infinity (AXS)
Axie Infinity is a blockchain-based trading and battling game partially owned and operated by its players.
Axie Infinity is a Pokemon-inspired digital pet universe where players use their cute characters called Axies in various games.
Each Axie is a non-fungible token (NFT) with different attributes and strengths. It can be entered into 3v3 battles, with the winning team earning more experience points to level up an Axie’s stats or evolve their body parts.
The Axie Infinity Universe highlights the benefits of blockchain technology through “Free to Play to Earn” gameplay and a player-owned economy.
The Axie Infinity ecosystem also has its unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.
Transactions made to dapp’s smart contracts sit at 105,642, while it has 33,245 unique wallet addresses interacting with dapp’s smart contracts.
Token Price Action – The Axie Infinity Token Price ($AXS) today is $14.89 with a 24-hour trading volume of $198,338,404.
1. French Family NFT
Background Details – The French Family Membership collection of NFTs is a production of USM.world, whose native token is Radio Caca ($RACA), along with rap star French Montana. This is an exclusive collection of just 1,000 NFTs connected to different benefits to building a truly decentralized digital community with varying experiences and possibilities, exploring the full potential of the physical and digital worlds.
The project involves creating a layer 2 solution compatible with Ethereum, like Solana or Polygon. The new Layer 2 blockchain will be built to avoid the many issues plaguing BAYC users who paid high GAS fees and couldn’t link to their NFTs.
Exclusive Collection for Collectors, Investors, and Members
NFT collectors, investors, and cryptocurrency community members will be able to join the French Family Membership (FM) collection, which is a singular and exclusive collective. With 1,000 NFTs, there will be a significant sale that will be linked to several advantages, such as commercial rights to Montana’s new album “Montega” and nodes certificates on a layer 2 blockchain, among other things.
A development package for the blockchain will also be available, enabling the development of NFT projects, play-to-earn games, Dapps, and other applications for decentralized finance (DeFi). All of this has been connected to special and distinctive advantages for owners of the NFT French Family Membership collection.
Some details will make the “French Family” collection far more extensive than BAYC or any other NFTs that are now present on Ethereum, Polygon, Solana, or any other blockchains.
Celebrities Already On Board
The NFT collection is already drawing the attention of politicians, NFT collectors, and some celebrities. Of course, New York Mayor Eric Adams recently attended with rapper French Montana and Jeff Watney, the visionary of USM.world (Native Token: Radio Caca, $RACA), to celebrate one of the most significant NFT collections of 2022, the French Family Membership NFT.
Before the party was over, all the first French Family Membership NFTs (9) were all sold out.
đź‘‘BIG SURPRISE !
The FIRST 9 Allowlists who minted will join @FrencHMonTanA's private experience at his mansion in Las Vegas this Aug!
The remaining 191 Allowlists will also be surprised with more exclusive utilities & benefits! Stay alert for the next SPOT! pic.twitter.com/kRrjHH7Ey4
— French Family 🚀 (@MTG_USM) June 20, 2022
French Family Membership NFTs collection’s fan base is massive; many showed love and support for the project right after the party.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any NFTs.
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