With the emergence of NFTs and the rate at which they have been adopted by people all over the world, they make for a good investment for anyone seeking to diversify their portfolio. Cryptocurrency, for example, has garnered a lot of positive attention since its inception more than a decade ago.
Part of this attention on crypto is due to the emergence of the Metaverse as well as the now widely adopted NFTs. It seems a long time, since NFTs emerged as if by magic, gathered all that hype, and then exploded beyond everyone’s expectations, as they made news headlines around the globe. You don’t need to have lived in silicon valley to have heard of NFTs. The fact they’ve been selling at eye-watering prices, above and beyond anyone’s imagination, caused a whirlwind of interest and a stampede for NFT Tokens.
Last year saw a major highlight from NFT tokens, which came as a surprise to many people who had expected the hype to fizzle out, making NFTs a one-season wonder in the process. NFTs, however, continue to rise in popularity, price, and value-breaking records month after month.
People are now waking up to the preeminence of NFTs. A status preached by influencers since the beginning. An insight confirmed by the NFT market crossing the predicted $80 billion already. The NFT ships have left the dock, a slim opportunity remains to jump aboard before it sets sail mirroring other digital currencies before it.
NFTs are non-fungible cryptographic tokens that work on blockchains. To give you some perspective- NFT made over $ 20 billion in income in 2021. To say the signs are good would be, to put it mildly, NFTs are predicted to turnover comparable profits in 2022. The chance to get an NFT is a chance you shouldn’t miss.
Solana remains one of the most unique crypto networks in the world. Solana (SOL) was quick to hitch its wagon to NFT’s horse and has, since then, captivated NFT’s biggest marketplaces and garnered high praise. Solana, with a market cap of $1.4 billion, was the runner-up for all-time NFT sales just behind Ethereum (ETH). Solana’s success in the NFT market has been attributed to its speed and low cost.
Decentraland (MANA) allows its users to create and make money using their content on their virtual reality platform. Decentraland (MANA) has shown how superior it is in the market to many other NFT projects by increasing in value since its initial coin offering (ICO) by several percentages. Payment of goods and services in Decentraland is made using its native token, MANA.
MANA can be used to buy both avatars and land portions in the Metaverse, and with its $4.3 billion market cap, MANA is expected to be a massive hit in the market.
Parody Coin (PARO)
Parody Coin (PARO) is a new coin that looks all set to disrupt the NFT ecosystem because of its unique decentralized application (dApp) that works seamlessly on the Binance Chain. With a very simple and easy user interface, users now can create parody NFTs on the Binance Chain and Ethereum, as well as any other NFT of their choice. And those who have this original NFT can own the Parody Coin (PARO) by simply burning their original NFT tokens.
Parody Coin (PARO) is a deflationary utility coin that has its activities based on the Binance chain network and has seamlessly become a fan favorite because of its huge potential. Simply put, a parody of all your favorite NFTs can be mined and traded.
According to their whitepaper, Parody Coin (PARO) aims to pre-mint 300 million PARO before their initial DEX offering (IDO). It would be a travesty to miss out on this platform given its overwhelming potential.
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