What is NFT?
A non-fungible token (NFT) is a unit of data that is stored in a digital book known as a blockchain that certifies a digital asset as unique and therefore non-transferable. When block strings register cryptographic hash strings, a collection of characters that certifies a data collection as unique, in previous records, an identifiable block of data blocks is generated. The term “non-fungible witness” refers to a non-fungible witness.
Non-expendable tokens are a step forward beyond the relatively simple concept of cryptocurrency. Modern financial systems include complex trading and lending systems for various asset categories, including real estate, loan agreements, and works of art. NFTs are a step forward in the reinvention of this infrastructure, as they allow digital representations of physical assets.
5 best NFTs by market capitalization 2021
5 best NFTs by market capitalization 2021
| NFT | Symbol | Price | Market leader |
| THETA | THETA | $ 8.01 | $ 8,002,499,540 |
| Tezos | XTZ | $ 3.07 | $ 2,601,204,420 |
| Chiliz | CHZ | $ 0.2788 | $ 1,609,486,745 |
| Decentraland | ON | $ 0.6577 | $ 1,039,441,428 |
| Coin Enjin | ENJ | $ 1.25 | $ 1,043,000,270 |
THETA
Users and an innovative new blockchain feed Theta, a decentralized video distribution network. Theta is an open source protocol that will allow the creation of vertical decentralized programs (DApps) at the top of the platform to enable sports, music, TV / movies, education, business conferences, peer-to-peer streaming and much more. month. Theta’s video streaming services are powered by a dispersed network of users who voluntarily donate their bandwidth and computing resources in exchange for Theta Fuel (Tfuel).
Chiliz CHZ
Chiliz (CHZ) is the world’s first blockchain-based interaction and reward network, Socios.com, and is the first digital currency for sports and entertainment. Fans can buy and sell branded fan tokens, as well as participate, influence, and vote in polls and club-related polls. The startup was founded in Malta in 2018 with the aim of bridging the gap between active and passive fans, giving millions of sports fans a fan testimonial that functions as a symbolized share of influence. Fans can purchase these custom fan tokens with CHZ, the platform’s exclusive money, which allows users influential decision-making power by allowing them to vote in polls our partners cast on the Partners app.
Decentraland (MANA)
Decentraland (MANA) is a virtual reality platform based on the Ethereum blockchain that allows users to create, experiment and monetize content and applications. Decentraland was founded in 2017 as a result of an initial $ 24 million (ICO) currency offering. The virtual environment was released to the public in February 2020 after a closed beta period in 2019. Since then, users have built a wide variety of interactive experiences on their LAND plots, including interactive games, extensive 3D scenes and a host of other interactive activities.
Users acquire land in this virtual environment, which they can then navigate, develop, and earn revenue.
Currency Engineer (ENJ)
Enjin Coin is a project of Enjin, a corporation that offers a blockchain-based gaming environment with interconnected products. The Enjin Network is the flagship product of Enjin, a social gaming platform that allows users to create websites and clans, communicate, and run virtual item stores.
Enjin allows game producers to use the Ethereum blockchain to symbolize game assets. It supports digital assets issued on its platform with Enjin Coin, an ERC-20 token, which allows them to buy, sell and exchange with real world money.