Place/Date: - February 7th, 2022 at 11:27 am UTC · 4 min read
Source: HUH Token
NFTs, which first gained traction last year, appear to be a rapidly evolving industry as businesses rush to deliver their own line of NFTs. The value of NFTs has quickly been realized by the mainstream and will form a fundamental aspect of the upcoming metaverse, which is predicted to become a multi-trillion-dollar industry and transform society the way social media did. The crypto community are spoilt for choice as there’s so many NFTs to pick from, however investors are flocking to Decentraland (MANA), Sandbox (SAND) and HUH Token (HUH) due to the worth their NFTs are expected to have.
Decentraland (MANA) is an Ethereum-based decentralized application. It is powered by the MANA token and contains a virtual environment populated by gamers. Through the marketplace, players can purchase and sell digital land parcels, each with its own coordinates, as well as wearable items for their avatars such as clothing, accessories, and bodily features. MANA is always used to fund transactions, and ownership of any item is represented by an NFT.
Players can also use 3D content, games, and other applications to build and commercialize their digital land, as well as engage with other avatars in the virtual world. In a nutshell, Decentraland (MANA) is a forerunner of what the metaverse might become; it’s easy to envision the platform being part of a broader network of virtual worlds in the future. However, there is much to be thrilled about right now. On OpenSea, the world’s most popular NFT marketplace by a large margin, Decentraland (MANA) is now the 3rd-most-popular NFT collection in terms of transaction volume.
Demand for MANA should climb as users become more smitten of Decentraland (MANA), which seems likely given the buzz around NFTs and the metaverse. With a fixed quantity of 2.6 billion tokens, the price should rise as demand grows. That’s why, now that it’s fallen more than 60% from its high, this cryptocurrency could be a solid long-term investment.
Another Ethereum-based metaverse game that uses NFTs is The Sandbox (SAND). The SAND token powers the platform, which consists of three services that allow players to create and commercialize in-game assets and experiences.
The Sandbox (SAND), like Decentraland (MANA), has sparked a lot of interest in the crypto world, and it’s currently the 6th most popular NFT collection on OpenSea. The Sandbox (SAND) is well-positioned to draw more players in the years ahead, thanks to its user-friendly interface and the benefits of NFTs and the metaverse. As a result, demand for SAND, which has a limited quantity of 3 billion tokens, should increase, driving up its price. With the price of SAND having dropped by about 60% from its high, now appears to be an excellent moment to add it to your portfolio.
While MANA and SAND are being closely watched by the crypto world, the lesser-known HUH Token (HUH) is looking promising and expected to replicate Decentraland (MANA) and Sandbox’s (SAND) success. Having already gone viral within a month of its launch, HUH has already experienced a 6000% price surge, onboarded hundreds of influencers anticipating its upcoming metaverse and has just dropped its NFT presale for its 17,000 holders, despite only being 2 months old.
Labelling the line Pixel HUH, the uti-meme has 10,000 one-of-a-kind Pixel HUHs with proof of ownership on the Binance (BNB) smartchain. The artwork was influenced by the current NFT trend of having an online identity in the form of a profile image, similar to CryptoPunks. The NFTs will provide holders with exclusive privileges within the HUH Token ecosystem if held. HUH is releasing its own MetHUH app soon, complete with its own social media NFT marketplace. Presale users who want to claim their NFTs won’t have to pay anything to mint; all they have to do is pay the gas cost. Normal users will have to pay $200 in BNB to mint and will be able to claim a total of five Pixel HUHs.
Holders of NFTs will be able to list and sell their NFTs once HUH launches the social media NFT marketplace. Holders are encouraged to use their NFTs as profile pictures on Twitter to express their support.