Cryptocurrency

Top 10 NFT Crypto With Highest Market Capitalization In 2021

By BitYard

Posted on July 1, 2021

1. THETA(THETA)

Market Capitalization: US $ 9.41 billion

What is Theta Token

The Theta Network is a decentralized video delivery network with its own blockchain. This network aims to provide technical and economic solutions to troubles in the streaming sector. The Theta blockchain is designed to incentivize the sharing of bandwidth across the network. Users of the network are able to contribute their excess bandwidth and estimating resources in exchange for token compensations; Theta Tokens.

The goal of Theta Token

The Theta Token( THETA) is the governance token of the Theta blockchain. The sign and its functionalities are used to stimulate users to share their memory and bandwidth, in order to improve the quality of creek delivery and lower the costs of bandwidth. Theta Token lopes on the Ethereum blockchain and can be 1:1 exchanged for the native Theta Token. There are 1,000, 000,000 Theta signs in circulation, which is also the total amount of tokens the scaffold intends to issue.

2. Tezos(XTZ)

Market Capitalization: US $ 2.75 billion

Tezos is a blockchain network that’s based on smart contracts, in a way that’s not very disparate to Ethereum. However, there’s a significant difference: Tezos aims to offer infrastructure that is more advanced — entailing it can evolve and improve over duration without there ever being a danger of a hard fork. This really both Bitcoin and Ethereum have suffered since they were created. People who include XTZ can vote on proposals for protocol modernizations that were brought forward by Tezos developers.

This open-source platform states itself as” stick, upgradable and built to last” — and says its smart contract language provides the accuracy that is required for high-value use occurrences. According to Tezos, its coming means that it is futureproofed and will” remain state-of-the-art long into the future,” and it can embrace developments in blockchain technology.

The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of shelves, the Tezos mainnet launched four years later.

Although staking is common across blockchains, Tezos has a unique twist on this process. Participants can get involved with the network’s governance through “baking,” where they effectively venture 8,000 XTZ. This creates a fiscal motivation to act honestly.

Bakers are then tasked with voting on proposed changes to the blockchain’s code in a four-step procedure that takes approximately 23 epochs. Suggestions that receive support from the vast majority of participants are put through their gaits on a test net for 48 hours and are fully implemented if they are backed by a super-majority.

Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency.

Big cryptocurrency exchanges such as Binance and Coinbase have also launched support for Tezos staking, intending users can receive remunerations based on the XTZ that they deem. This is not a feature that’s seen more widely across digital assets.

3. Chiliz(CHZ)

Market Capitalization: US $1.63 billion

Chiliz( CHZ) is the leading digital currency for boasts and presentation, powering the world’s first blockchain-based fan commitment & rewards platform Socios.com. Followers can purchase & swap labeled Fan Tokens as well as having the ability to participate, influence, and vote in club-focused sketches ballots. Founded in Malta in 2018, the company’s vision is to bridge the gap between the active and passive fan, supporting millions of sports fanatics with a Fan Token which acts as a tokenized share of influence.

As the exclusive on-platform money, devotees use CHZ to purchase these labeled Fan Tokens, which give customers influential decision-making supremacy by allowing them to vote on tallies our partners publish on within the Socios app. Ownership also establishes followers access to exclusive compensation & incredible ordeals, as well as gamification, social interaction and leaderboard facets with more adds-on propelling through 2021 and beyond.

The CHZ Token exclusively fuels Socios.com, their customer-facing scaffold where devotees can utilize their Fan Tokens involved in polls and the investigations and be reinforced through active commitment.

CHZ Tokens are required to participate in Fan Token Offerings( FTO) the initial sales of Fan Tokens and Socios Locker Room where by favorite requisition shows potential collaborator golf-clubs or plays how much passion there is for Fan Tokens and in doing so will further affect sororities or boasts symbols to join Socios.com

CHZ Tokens can also be used to purchase/ transaction Fan Tokens through the consumer-facing pulpit, Socios.com

Fan Tokens are likely to be transactions on the Chiliz in-house exchange www.chiliz.net against the Chiliz Token, CHZ.

The CHZ Token has high-pitched liquidity and is also traded on some of the largest and globally recognized exchanges, such as Binance( Cornerstone Investor ), Bitpanda, HBTC, Paribu, Mercado, HBTC

Socios.com supports athletics & amusement organizations with a labeled Fan Token and love engagement scaffold to help them monetize their world audiences more efficiently. Currently, 25 major sports/ esports organizations, including the likes of FC Barcelona, Juventus, AC Milan, OG, Paris Saint-Germain, Manchester City and Professional Fighters League have all launched Fan Tokens on the scaffold. Many more heading sports and recreation qualities from around the world is to propel Fan Tokens in the near future.

Chiliz/ socios have various part places based in various regions of the world in Turkey, Korea, Switzerland and is set to continue its expansion by opening new bureaux in Spain, US, and Brazil. The companionship has employed over 100+ talented staff, and is set to double that throughout 2021.

4. Enjin Coin(ENJ)

Market Capitalization: US $ 1.15 billion

Enjin presents ecological systems of integrated products that make it easy for everyone to develop, craft, monetize, and market with blockchain.

In 2009, Enjin propelled the Enjin Network, a gaming parish platform that boasts over 20 million users. In 2017 following a successful ICO that raised $18.9 million, Enjin began building a suite of blockchain makes that enable anyone to easily manage, explore, distribute, and integrate blockchain assets.

Composed of the Enjin Platform, Marketplace, Wallet, Beam, and other tools and business, Enjin’s tools enable sport makers and studios to utilize tokenized digital resources as part of their acquisition, retention, involvement, and monetization strategies.

The Enjin ecosystem is fueled by Enjin Coin( ENJ ), an Ethereum-based cryptocurrency used to immediately back the value of Enjin-powered blockchain assets.

ENJ is the digital asset token used to immediately back the value of blockchain resources established within the Enjin Platform. It is built on Ethereum in accordance with the ERC-2 0 token standard. ENJ can be bought and sold for fiat currency or other digital currencies.ENJ can be stored in a crypto pocketbook and custodian like Gemini. The supply of ENJ tokens is fixed at 1 billion ENJ.

5. Decentraland(MANA)

Market Capitalization: US $1.09 billion

Decentraland is a blockchain-based virtual reality platform.

Decentraland was first reflected in a white paper published in March 2017. Decentraland is a virtual life where users can buy, develop, and sell LAND, a non-fungible ERC-7 21 token that represents the ownership of a virtual country in Decentraland.

Each allotment of LAND is unique and proprietors get to choose what material they want to publish on their segment land, which can range from a simple, static panorama to an interactive play. Customers can purchase LAND as well as all other goods and services in Decentraland with MANA, a fungible ERC-2 0 token.

Decentraland is a shared virtual world, much like the Metaverse described by author Neal Stephenson in his science-fiction story Snowcrash or the OASIS described by author Ernest Cline in Ready Player One.

It allows users to connect and interact with each other, originate content, and play games. Decentraland has a virtual economy where users can engage in a myriad of in-world fiscal business as well as monetize the content and employment they improve. Unlike other virtual natures such as Second Life, it is not controlled by a centralized formation or company.

MANA is the digital asset token used to pay for goods and services in Decentraland. It is built on Ethereum in accordance with the ERC2 0 standard for clues. MANA can be bought and sold for fiat currency or other digital currencies. The total equip of MANA tokens is fixed at 2.6 billion MANA.

6. DigiByte(DGB)

Market Capitalization: US $ 0.82 billion

DigiByte( DGB) is an open-source blockchain and resource innovation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a forking of Bitcoin( BTC ).

A longstanding public blockchain and cryptocurrency, DigiByte squanders five different algorithms to improve security and initially aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed.

DigiByte consists of three seams: a smart-alecky contract” App Store ,” a public ledger and the core etiquette boasting nodes communicating to communicate transactions.

DigiByte is a modification of Bitcoin which aims to diversify security, rapidity and ability possibilities.

Its first incarnation was as an open beginning blockchain and accompanied cryptocurrency, DGB. The system has five separate algorithms which help to maintain security and help prevent ASIC miners from hijacking too much power.

Later, another furnish, DigiAssets, materialized, with DGB as its native token. DigiAssets requests those developers looking to launch digital assets, decentralized works( DApps) and encode the necessary corresponding smart contracts.

All governance structures for DigiByte are run on a voluntary basis, in line with the thesis that the network should be open source and publicly accessible. Transaction rewards in DGB are paid to miners for substantiating the blockchain.

7. BakeryToken(BAKE)

Market Capitalization: US $ 0.81 billion

Launched in September 2020, BakeryToken( BAKE) is under the responsibility of the BakerySwap ecosystem. Liquidity providers are honored with BAKE tokens which can be used to earn a share of BakerySwap’s trading rewards and to participate in voting as part of BakerySwap’s governance process.

BakerySwap is a decentralized automated market-making( AMM) protocol that is based on the Binance Smart Chain( BSC ). The BAKE token is a native BEP-2 0 governance sign on the platform.

Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE incumbents can use their signs for governance electing and to receive transaction fee bonuses. The BAKE reinforces are available on various liquidity kitties, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB.

Bakery Swap fees on the Binance Smart Chain. The BAKE-BNB pool is expected to provide ten seasons of compensation compared to other pools.

BakerySwap, a Binance Smart Chain-based AMM, offers liquidity ponds for altcoins such as LINK, DOT and others. It operates through initial liquidity kitties. BakerySwap has two types of liquidity reserves: with BAKE honors and without them. This is done in order to facilitate the creation of brand-new liquidity puddles by the community.

Only designated reserves will have BAKE honors. The honor multiplier for each will alternate based on the value they provide to BAKE holders.

BakerySwap indicates a 0.30% cost on all swaps and swaps, out of which 0.25% go to liquidity providers.

The liquidity providers are then given liquidity reserve signs that represent their share of each pool. Through these signs, they can earn a portion of the fees that are collected in the puddles when removing the liquidity. Liquidity providers can then stake Bakery LP clues to raise BAKE token rewards.

8. Flow(FLOW)

Market Capitalization: US $ 0.54 billion

Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of competitions, apps, and the digital resources that strengthen them. Flow is the only layer-one blockchain originally created by a team that has consistently delivered huge consumer blockchain ordeals: CryptoKitties, Dapper Wallet, NBA Top Shot.

The FLOW token (” FLOW “) is the native currency for the Flow network and the keystone for a brand-new, all-inclusive, and borderless digital economy. If Flow is the digital infrastructure, FLOW token is the fuel that capabilities the network. FLOW is the currency required for the network and all the employment on top of it to function.

FLOW is designed as a payment method as well as a long-term reserve asset for the entire Flow economy. The token is used by validators, developers, and users to participate in the FLOW network and deserve wages. It is also used for fees and to participate in future protocol governance.

Flow is a blockchain designed from the ground up for mainstream adoption and is the only blockchain that constructs usability improvements into the protocol layer. Top makes and some of the world’s largest labels are already building on Flow, enabling entirely new ordeals with top-tier content.

Flow has a rich ecosystem of top recreation symbols, progress studios, and venture-backed startups. Flow ecosystem spouses include global IP firebrands like Warner Music, Ubisoft, NBA and UFC; preceding activity makes, including Animoca Brands, Sumo Digital and nWay; captains in crypto, such as Circle and Binance; as well as various noteworthy jobs among the next generation of high-growth startups, including Opensea.

Dapper Labs was the original founder behind Flow blockchain as well as Cryptokitties, Dapper, and NBA Top Shot. Founded in 2018, Dapper Labs utilizes blockchain technology to accompany brand-new different forms of digital data to consumers in various regions of the world.

Blockchain-enabled employments can bring followers closer with the firebrands they adore, give people a real stake in the communities they contribute to, and cause new ways for consumers to become inventors themselves. Publicly-announced Dapper Labs spouses include the NBA and NBPA, Warner Music Group and UFC. Notable investors in Dapper Labs include Andreessen Horowitz, Union Square Ventures, Venrock, Google Ventures, Samsung, and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList, among others.

9. Origin Protocol(OGN)

Market Capitalization: US $ 0.25 billion

Origin Protocol is a network that allows market participants to share goods and services through peer-to-peer( P2P) networks. The stage aims to create an extended online marketplace leveraging the Ethereum( ETH) blockchain and Interplanetary File System( IPFS) in order to eradicate the need for middlemen.

The protocol allows for the creation of a decentralized arrangement where both buyers and sellers can connect, check for accessible indices, write reviews and perform many other wars. With this, the fractional practice of resources can be traded more easily.

Origin Protocol homes the fundamental issues of extant online groceries, such as unfair deal rewards, lack of clarity, little drive for innovation and centralization issues. The protocol organizes a decentralized and incentivized environment for buyers and sellers to facilitate business.

Origin Protocol is aiming to disrupt the sharing economy by setting up a decentralized, P2P structure between sellers and cutting out traditional mediators. The eyesight of Origin Protocol is to create structures where users can promote their concoctions. The etiquette focuses on the free trading of all goods and services at their actual market prices without third-party interference. Origin aims to create a contributing environment for online market participants by providing lower transaction fees.

Origin Protocol removes the is essential for intermediaries that price costs for processing business. The etiquette allows access to the unbiased tolls of goods and services. Origin Protocol is an open-source platform that wages consumers for their contributions to the network through an incentivization method. The platform’s users, such as affiliates, are also reinforced with cryptocurrency clues when they promote and market the directories created by marketers. This incentivization of users is encouraged to keep the platform alive and growing.

Traditional sharing occupations compel consumers to have bank accounts, credit cards, or other means of payment, robbing the unbanked of access to their services. On the other hand, Origin Protocol grants underprivileged groups to access open marketplaces without the is essential for a bank account.

Origin Protocol fees on its native OGN clues, which are used in incentive structures, staking, governance and payments. The total quantity of OGN is 1,000, 000,000 clues, of which 20.24% has been allocated to the team. As of March 2021, the spread of OGN is 241,859, 681.

OGN utility token moves on the Ethereum blockchain and is ERC-2 0 compliant. OGN can be stored in any pocketbook that is compatible with ERC-2 0 tokens. The protocol likewise uses the Interplanetary File System( IPFS) to secure data movement among peers, ensuring data integrity.

10. WAX(WAXP)

Market Capitalization: US $ 0.24 billion

WAX( WAXP) is a purpose-built blockchain, released in 2017, that is designed to represent e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake( DPoS) as its consensus mechanism. It is fully compatible with EOS.

The custom features and the motivation mechanisms developed by WAX are intended to optimize the blockchain’s utility exclusively for use in e-commerce, with the goal of encouraging voting on proposals.

To make this possible, WAX created a suite of blockchain-based implements upon which decentralized work( DApp) marts and non-fungible clues can be built upon.

Services such as WAX Cloud Wallet, SSO and OAUTH support e-commerce functions, the latter being a native RNG service and a make portal. WAX’s blockchain structure assists 500 -millisecond block time and zero-fee events for customers. It too reaches the employment of voting honors to incentivize participation in the selection of block producers and improvement proposals.

WAX features a WAXP-to-Ethereum( ETH) connection that allows WAXP token owners to convert their signs into WAXE, which is an Ethereum-based ERC2 0 practicality token.

Users willing to participate in WAX tokenomics need to burn their WAXP tokens in order to get WAXE through the Ethereum bridge. They will then need to stake the WAXE tokens on the Ethereum distribution contract.

WAXG is an Ethereum-based ERC-2 0 governance clue that is distributed to WAXE stakers. The dissemination is based on a specified timetable and is proportionate to the percentage of the WAX Economic Activity pool. The sign owners can govern the allocation and distribution of economic value on the pulpit as a result.

The WAX Economic Activity pool is a smart contract that compiles a percentage of rendered WAX fees and can be converted into ETH for distribution to WAXE stakes. It is also welcome to be given to WAXG token owners that decide to burn the tokens they already have.