Best NFT tokens in 2021 and why NFTs are so hyped?

1

Community choice: 55% votes

Simon Cocking

Chief Editor Irish Tech News, now also Editor In Chief at Crypto Commonwealth

What are your overall thoughts on NFT?
Good, interesting, logical, BUT not all NFTs are the same, some will be worth investing in, some will hold value, and others not. So you will really need to do your research & due diligence, lots of people/bands/artists will aim to get on the bandwagon, but they won't all be worth $60 million!

Compared to DeFi or ICO, is NFT riskier to invest or less?
In some ways I'd say riskier because the collectibles market is very specialized, can take a long time for something to accrue value & unpredictable which ones will appreciate in value. It is going to be interesting, but tough to spot the real ones of value.

Do you have some NFT projects in mind, that in your opinion, are worth investing in?
No, not yet, sorry, this is now a very topical field, NBA & NFL collectibles are doing well, art also, digital art in general, but you are going to have to assess, why does this have value? Is the current value accurate? Why might this go up, or down in value? Sport & art seem to make sense, music wants to be a player, but how valuable are the 8th Kings of Leon album? Possibly not much more than the $50 they are charging for it. Why would it be worth more in the future? These are the questions you need to be asking when looking at possible investments.

And to sum up, it is an interesting area, but, like DeFi & ICOs you will still need to do good research to assess what is a bargain and what is overpriced.

2

Community choice: 27% votes

Zied Chaabane

Fintech Entrepreneur

What are your overall thoughts on NFT?
For me, NFTs are the biggest single reorientation of power and control right back into the hands of the artists. Ownership trademarks and copyrights are secure now! As well as a new giant market where they can list their art, it is very important, especially in the times of covid.

Compared to DeFi or ICO, is NFT riskier to invest or less?
They are riskier, because as for art and collecting itself, there are much more emotions speaking through investors than we can see in DeFi or ICO, so in general prices are harder to predict. Sure there are still trends like ones in “traditional” crypto markets, but to sum up there are more facts speaking for that NFTs are way riskier.

Do you have some NFT projects in mind, that in your opinion, are worth investing in?
Yes, I have some! For example, it’s interesting to note that despite its still-dominant position in terms of Market Share, Decentraland is increasingly challenged by other Metaverses. So good investor's eyes will notice a chance there, the same goes with Sorare. So as you can see I am more interested in projects that are just at the beginning of their development.

3

Community choice: 9% votes

Luis del Valle Ruiz Ortega

technical in PC and internet

What are your overall thoughts on NFT?
The concept of the NFT was born in the Ethereum network in its beginnings precisely because of the possibilities offered by the network through the integration of smart contracts, with which a developer could create new tokens that would operate on said Blockchain and could be transferred between users, paying commissions for operations in ETH.
In that sense, an NFT is basically a token that operates through a network that supports this type of operation. While Ethereum is the most popular among the existing ones, there are also blockchains such as Binance Smart Chain, NEM, TRON, Polkadot, Cardano, Avalanche, among others, which also allow the creation of new digital assets.
NFT is practically new, although I have little time seeing and analyzing the project, it seems to me in general, as a great help for those of us who design graphic art, although those who are behind all this are quite a few people who seek to collect this type of art. Crypto art (NFT) is a way to give even more momentum to everything related to the collectible art movement. I hope it is not a fad that passes quickly, however it is good to take advantage of its boom. Clear very carefully where said art is invested or bought (especially its price).

Compared to DeFi or ICO, is NFT riskier to invest or less?
Risks exist in everything. One is the one who through "seeing", studying and analyzing each art and platform that he is going to use. It's all about using NFTs consciously and intelligently.
That's my point of view, and I think most people share it too.

Do you have some NFT projects in mind, that in your opinion, are worth investing in?
I particularly like Rare Pepes and Crypto art that has messages, the most striking crypto is CryptoPunk, but it is up to investors to decide that, so as long as everyone will do their own research and only inspiration from other advises, not base their capital on them, then everyone will be satisfied.

4

Community choice: 9% votes

John Kenny

IT Consultant / Network Engineer

What are your overall thoughts on NFT?
Personally, I don't like NFTs that don't have any value or use other than there just a token, but if they have valid uses to further the blockchain ecosystem or have a genuine usage associated with them in the case of Game Tokens for example then I'm fine they exist I just generally don't use them as much as I do non-NFTs with one main exception which is a BAT. That is a prime example of what I mentioned with BAT tokens created by Brave Software for usage in their Browser ecosystem they have a genuine use and help further the blockchain ecosystems. This NFT I use daily.

Compared to DeFi or ICO, is NFT riskier to invest or less?
Compared to DeFi or ICO again NFTs are not more or less risky if they have a usage but if we’re talking about NFTs without developing an ecosystem then I would not invest in them.

Do you have some NFT projects in mind, that in your opinion, are worth investing in?
Again, I mentioned BAT tokens developed by Brave Software for use in their Browser to help replace in-site ads with browser-based ads which you can then earn on as an End User and then invest or cash out your Browsers earned BAT every month. Additionally, Content Creators can also use BAT to develop websites by earning BAT Tips donated by End Users either manually or Automatically (I'm also using this program as well). Lastly, there is the Advertisers Program which sells the ads used as popups which also uses funds to reward end users for clicking on Adverts. This is a splendid example of NFTs done right.

5

Christopher Perdek

CEO at Uniqly.io

What are your overall thoughts on NFT?
Very positive, especially for me I was always a collector so the possibility to connect that passion with cryptocurrencies is amazing. I can't wait to see what the future brings to the market. Who knows, maybe one day even kids will be gathering their NFT cards, figurines, or other collectibles. I can only advise that if you want to gain new knowledge in the area of crypto art and the possibility of future-proof investment, NFT is the solution, and you should take a deeper look into it.

Compared to DeFi or ICO, is NFT riskier to invest or less?
It's hard to judge it objectively because right now I am a much bigger fan of NFTs than DeFi and ICO but I'd say that it's riskier to invest, because the market is very new, and can be unpredictable about values. In my opinion, insights taken from rumors or news have a bigger influence here than on DeFi or ICO.

Do you have some NFT projects in mind that, in your opinion, are worth investing in?
I keep monitoring the market, but right now I am focused on my own project - Uniqly.io, where we’re building a bridge between NFTs and the real world. With our revolutionary solution, we intend to break into the mainstream and create a unique, personalized NFT solution using blockchain technology. The image of creating the very first marketplace and escrow that allows people to create and trade NFT tokens with the possibility of materializing them in the real world is just amazing. When you’re trading your NFTs on Uniqly.io you know that every single second you can materialize your item, and have it right in front of you, and this is the future of NFT.

6

Maxime Lecoustre

Software engineer

What are your overall thoughts on NFT?
I discovered the NFT token about two years ago when CryptoKitties was launched and increased ETH fees due to congestion on the network. I remember it was the first time I saw Dapp just for fun, and I discovered how to mint ERC721 by making my own CK. Another example we see now is more than NFT being valuable as an "artistic" asset. You'll be sure this NFT is yours and that there will never be a similar one, as we see in the paintings market. But when "value" increases, it's due to anyone making an offer to own it (because of unicity you can't trade it, and wrapping protocol is often too expensive to get very less value at the end).
The next case which I think will be an interesting way to invest is in the video games universe. NFTs allow the editor to sell tools, licenses, or anything to players. Players are owners that see that in case of game-ending, the user will always be able to grab all that his token may get him. In more of that, it sounds that anyone could also make tools to use this token, out of the original game!

Compared to DeFi or ICO, is NFT riskier to invest or less?
In fact, it's true that some NFT will be more valuable, making you able to make a profit but don't forget that the NFT token market will never be liquid. To make a profit, anyone has to buy a specific token from any holder and to find anyone wanting to buy it at better pricing. That's why I think it may be more valuable to invest in NFT protocol tokens (often sold as ERC20 tokens taking an allowance to mint NFT) than by buying directly NFT on the marketplace.

Do you have some NFT projects in mind, that in your opinion, are worth investing in?
Yes, I am watching some of them, but I don't want to say anything specific. Even if that will be only my opinion, I don't want to make rumors in such early phases of the market, which is the case for NFTs.

7

EMILE DESTIN IBARA DONIAMA

BLOCKCHAIN EXPERT

What are your overall thoughts on NFT?
NFTs are a special class of digital assets that cannot be exchanged with one another for equal value or broken down into smaller values like most currencies.
NFT products encompass a whole range of elements, including anything from crypto artwork and digital fashion items to collectible sports cards, virtual real estate, and characters.
Globally recognized brands like Nike, Louis Vuitton, as well as the NBA have already begun generating NFT-based consumer goods and services.
Some of the top traded NFT brands, according to digital trading site Crypto Slam, include NBA Top Shot, Crypto Punks, and Street Fighter. The most popular NFT platform - NBA Top Shot - has sold nearly $270 million worth of unique NBA video highlights. The platform has seen about $10 million in sales in the past 24 hours, according to Crypto Slam.

Compared to DeFi or ICO, is NFT riskier to invest or less?
NFTs gain value of the same deflationary principles as Bitcoin - there is a limited number of the tokens and the items cannot be duplicated.
Authenticity also plays a role in the rise of NFTs. The tokens are easily verifiable and can always be traced back to the original creator. In this way, owners of NFT tokens are able to fully possess the individual digital assets with the knowledge that they have the only token of its kind.
The value of NFTs is also based on the product's immutability. NFTs cannot be destroyed, deleted, or duplicated. The token exists solely on its native platform, stored on the blockchain. Elements from one platform cannot be moved to another.

Do you have some NFT projects in mind, that in your opinion, are worth investing in?
As all definitions of NFT say it is a unique type of cryptocurrency, same goes with the perception of the whole market, it is unique so it can be an advantage as a disadvantage. So I don't feel I can be in a position to advise such things, research, research, and one more time research, that's what I can advise.

8

Henry Bill

Trader

What are your overall thoughts on NFT?
In general, I like NFT, it is a new potential field in the crypto world. So for me, every opportunity to increase crypto awareness in the world is a good movement.

Compared to DeFi or ICO, is NFT riskier to invest or less?
Any investment is risky, always remember that! But I prefer NFT over DEFI or ICO. Some NFT projects can call for capital by Defi or ICO.
NFT has great potential in the gaming industry for example. Do you have any favorite games? Not so important, as most games are under extreme control by the publisher. But with NFT, it can be changed. Each item will have a certain code and the amount will be made public on the blockchain. So the community voice could not be silenced and I love it!

Do you have some NFT projects in mind, that in your opinion, are worth investing in?
Yes, I have some NFTs on my eye, especially ones from Binance: Binance NFT (BNFT), (which I have collected since Christmas). Binance hasn't informed about any plan to use them. But even without that BNFT is now worth around 150$.
So right now I am focused on projects supported by Binance, but it can be changed in the future as other projects enter the mainstream.

9

Sohaib K.

Senior Research Technician

What are your overall thoughts on NFT?
NFTs influence can be good for the crypto market as now as for the future, thanks to them we can have so many new utilities and features, unfortunately, it’s still in the very early stages. So they still need some improvements, but developers keep working hard to make it happen.

Compared to DeFi or ICO, is NFT riskier to invest or less?
Speaking about the risks, this is why I’ve mentioned we’re still in the early stages, that's why in my opinion they need regulations. There's so much potential in this market but it is missing regulations, copyrights, and fees!

Do you have some NFT projects in mind, that in your opinion, are worth investing in?
Currently, I’m only looking up to Enjin Coin (ENJ) & Chiliz (CHZ) as both tokens are working with different environments and aiming for different investors and as previous days showed, they have also great potential to grow in value.

10

Saeful Arifin

Airdrop Analyst, Trader

What are your overall thoughts on NFT?
NFT (Non-Fungible Token) is a cryptographic asset that is registered on the Blockchain which has a unique identity code and different metadata which is regulated and also very limited. And NFTs cannot be exchanged for equivalents like Cryptocurrency exchanges. However, NFTs are made by developers as a medium for commercial transactions. Such as games, digital identities, licenses, certificates, and fine arts. So I like the idea, but I take them with distance for now as it's still a very early phase for them.

Compared to DeFi or ICO, is NFT riskier to invest or less?
All three have their respective risks, but I prefer to use the DeFi projects. Why DeFi? Because the DeFi projects are currently being loved by many people and in my opinion, it is more profitable than other options. Unlike DeFi, NFT is not interchangeable with equality so the risk is quite high, because NFT is widely used when there are certain projects, and if the project is almost finished, the NFT price will go dramatically down.

Do you have some NFT projects in mind that, in your opinion, are worth investing in?
I only have a few, but I don't dare to suggest it because the new NFT is just getting popular, so I don't really understand what NFT projects are good for investing in and now I'm monitoring them.