Non-fungible tokens are one of the most dynamic digital assets that you can spot in the market today. Be it sports, arts, gaming, or entertainment, these blockchain-powered assets have been helping various industries monetize content and reach out to a larger audience globally.
DigiToads (TOADS) is among the top-performing NFT’s in the digital marketplace. It is powered by a native cryptocurrency known as TOADS which is currently available on presale. What makes DigiToads a top crypto to invest in is its hybrid DeFi model that enables its users to explore multiple opportunities for earning passive income.
DigiToads: Exploring new opportunities with hybrid DeFi
DigiToads is a hybrid DeFi platform that sports the features of three cryptocurrencies — a meme coin, a stake-to-earn portal, and a Web 3.0 game. With this nuanced model, DigiToads allows its users to try their hand at various ways to earn passive income like staking, trading tokens, winning crypto tokens in play-to-earn games, and entering daily or weekly prize draws. The platform has a native token called TOADS which is used for a wide array of transactional purposes and governance on the network. The token is built on the ERC-20 standard of the Ethereum network.
Talking about DigiToads’ NFT marketplace, there’s a lot to discover. One can stake NFTs on DigiToads in exchange for rewards which are distributed out of a rewards pool. This pool is maintained by deducting 2% of all TOADS transactions. Also, the rewards will vary as per the duration for which they are locked. The longer the staking period, the higher will be your rewards.
Its cryptocurrency ico is also in the news for its presale funding, which has crossed $ 5.95 million so far. With over 96% of the tokens sold, DigiToads’ presale stage is in its penultimate stage, so if you are interested in buying the TOADS token there’s no better time than now. You can purchase the TOADS token at 0.047 USD per unit through the latest ico stage.
What are analysts saying about the prospects of Bored Ape Yacht Club?
The Bored Ape Yacht Club is a collection of limited-series NFTs where the platform’s token doubles up as a membership card for an exclusive swamp club. The platform’s native token is BAYC and it comes in handy while dealing with any transactional obligation that you might come across on the network. Developed by Yuga Labs, the Bored Ape Yacht Club is a collection of 10,000 NFTs and these can be used for access to a collaborative graffiti board ‘THE BATHROOM’, and other exclusive perks. Even though the BAYC token has been witnessing some negative price action, analysts believe that it has the potential to stay in the bullish zone.
Azuki token DAO exploited by hackers
Launched over a year ago, Azuki is one of the leading NFT platforms that has managed to edge past new altcoins to maintain its user base. It’s a collection of 10,000 avatars that give you access to ‘The Garden’ where developers, Web 3.0 enthusiasts, and artists can together create decentralized solutions. The platform recently hit the headlines after its token DAO contract was exploited by hackers. The incident led the platform to lose 35 ETH.
Crypto Punks is a group of 10,000 characters that are represented as NFTs and are powered by the Ethereum network. In the past, the Crypto Punks NFTs have been a part of online auctions of Christie’s and Sotheby’s. They have also been a part of exhibits at some of the world’s famous museums like LACMA and the Centre Pompidou. Going by market indicators, analysts feel that Crypto Punks has the potential for a bullish performance over the next few months.
Meebits: Having fun with customized 3D Voxel characters
Meebits is another offering by Yuga Labs that has been making waves ever since its launch. What stands out about Meebits is that its collection comprises 20,000 3D voxel characters that have been created by a customized generative algorithm. The algorithm is powered by the Ethereum blockchain. All Meebit owners can look forward to exploring an additional asset pack that features a full 3D model. They can use the model to render or animate a Meebit or even use it as an avatar in the Metaverse.Conclusion
If you are out on a mission to find the most popular NFTs, an important factor to consider is a token’s growth potential. Between DigiToads, BYAC, Azuki, Crypto Punks, and Meebits, many analysts would choose DigiToads for its capacity to fetch long-term gains. According to experts, the Ethereum-powered meme coin has a hybrid DeFi model which’s the reason behind its higher growth potential. Its NFT staking mechanism also offers a lucrative opportunity that has been clocking massive trading volumes on OpenSea. Experts also believe that the TOADS token can potentially register huge returns in the long term future.