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When the Hype Dies Down: Which NFT Platforms are Here to Stay?

Anyone familiar with the cryptocurrency and blockchain community will know that 2021 is the year of Non-fungible tokens. While they have been around for a long time, never have NFTs been so popular with several use cases emerging for them. Over the past few months, hundreds of millions of dollars worth of NFTs have been traded.

One thing everyone agrees on is that the NFT market is having a great run at the moment. The question, however, remains what will happen when the hype eventually dies? Which of these NFT projects will survive? Keeping in mind this is quite important for investors who want to invest in the projects. Here, we will discuss some of the projects with enough value to survive even after the hype dies.

Terra Virtua

Terra Virtua brings more innovation to the already innovative field of digital art and NFT. As opposed to other companies in the field, which seperate art creation, exhibitions and marketplaces, Terra Virtua combines all NFT aspects.

The platform offers an immersive artistic experience that combines virtual and augmented reality through the use of the best technologies available. In addition, Terra Virtua offers a marketplace where you can buy any art piece, but that’s not all.

Artists can now showcase their work using the TerraDome and Fan cave features. Exhibitions can now be done in several creative ways, giving artists control of how they want their work to be viewed. In short, making them the curator of their exhibitions.

Interestingly, Terra Virtua’s collaboration with the entertainment industry has also pulled more interest into the NFT space. The perceived growing support from fans interested in interacting with their favourite casts in films and television shows necessitated the partnership to dedicate NFTs to those films to give clients what they want effortlessly. NFTs of movies like Top Gun and The Father, Godzilla vs. Kong, Pacific Rim, and Netflix original series, Lost in Space can be found on Terra Virtua’s platform.

Founded by Gray Bracey and Jawad Ashraf, the platform’s ecosystem has comprehensive features allowing users to create, collect and experience digital art at its finest and most diverse. Artworks are sourced from all over the world, with several digital artists already on the platform. Here, you will find art pieces that you can’t find anywhere else.

Enjin

Enjin started far back in 2009 as a social gaming community, at that time with Enjin Network. With a user base of 20 million across over 250,000 gaming communities, Enjin Network is one of the biggest of its kind.

It became a blockchain network in 2017 with an ICO for Enjin Coin. According to the founders, Witek Radomski and Maxim Blagov, the ENJ token was introduced in order to address issues relating to in-game economies, ownership, and centralized databases within the gaming space.

The platform has grown over time to include Wallet, Marketplace, and Beam, which can be used to add NFT to QR codes that will be placed on anything. Enjin allows users to mint NFTs with the Enjin coin, which can be used in games and melted back to ENJ.

Enjin Airdrop ad campaign, tagged “MyFirstNFT,” was in the space recently. It was targeted at increasing its user-base through user-friendly QR codes which are meant to be scanned. This code rewards Enjin users with an NFT through an airdrop. The ad campaign, successful in its own right, was able to dish out about 50,000 NFTs.

enjin nft marketplace

Among Enjin users are game developers, NFT creators, gamers, NFT collectors, Businesses, and lots more. It also has partnerships with top companies, including Microsoft.

Superfarm

While NFTs have gotten a lot of attention in recent months, the utility of most of the NFT projects is yet to be established, and this is where Superfarm’s NFT marketplace comes in. This platform assists crypto projects and communities to design, create and farm NFTs using inbuilt tools on the platform.

Superfarm allows its users to develop NFTs with no previous coding experience. You can easily farm NFTs, thereby solving all the technical challenges that users encounter when it comes to NFT creation.
Superfarm is a cross-chain platform focusing on various industries, including gaming, arts, celebrities, brands, etc. With this platform, NFTs are easier and more accessible. It also has its native SUPER cryptocurrency.

Ethernity

Ethernity Chain is a marketplace for digital art built on Ethereum. When it comes to finding the best NFTs, from art collections to trading cards, you will find them all here. The platform is not just about selling NFTs; it is also concerned with social good, so a percentage of profits from any artist that auctions their works on the platform is donated to a charity of the artist’s choice.

Nick Rose Ntertsas is the developer behind Ethernity Chain, and he aims for it to be the chain connecting art, crypto, and philanthropy. The platform recently launched the Muhammad Ali Collection in partnership with the Muhammad Ali Enterprises (MAE). It also partnered with Visual Labs to release Nicky Romero’s Behind the Mask NFT collection.

nft platforms eternity marketplace

Conclusion

All these NFT projects have one thing in common, they all have real-life applications, as well as long-term ones which differentiates them from ordinary NFT projects.

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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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