The boom in blockchain technology need not be limited to fungible currencies alone. Designed specifically for secure, trust-less, and immutable transactions, the possibilities for blockchain in the exchange and maintenance of any variety of digital assets are exponential in scope. More specifically, the future of blockchain may lie in the technology of Non-Fungible Tokens (NFTs). NFTs were first imagined using the Ethereum ERC721 standard, with the introduction of digital information written into smart contracts.
The most prominent proof of concept for NFTs and ERC721 was at first glance a simple concept of some breed-able collectibles (you remember Cryptokitties right?). As simple as it would seem, this first splash of NFT technology was big enough to slow down the entire Ethereum blockchain for a time.
2018 is turning out to be the year of the NFT, with many new groups releasing games and collectibles like Cryptokitties, but also NFT marketplaces and new applications of the technology toward registries, titling, and land plots for virtual reality.
We have been following the emergent NFT market with great excitement, and have compiled a list of 63 ongoing projects. Based on public posted fundraising and social media footprint, we have created a meta-ranking of the projects. Full project details and rankings are available for free download at the trailing link.
In the year of the NFT, here’s our current Top 10:
Cryptokitties: Collect, Breed and Trade Virtual Cats
Decentraland: Virtual Reality Platform
WAX: Platform for Virtual Marketplace
Codex Protocol: Registry for Unique Assets
OpenSea: Marketplace for Crypto Assets
Rare Bits: Buy, Sell and Discover Crypto Assets
World of Ether: Dueling Collectibles
0xcert: Validate Ownership of Digital Assets
Crypto Zombies: Interactive Code School for Games
Etheremon: Capture, Transform Ether Monsters
With the NFT market growing everyday, and one day being one week in Crypto, let us know if you have a project to add to the list. Click below for the full downloadable list.
Courtesy,
Larvol Chain 2018