5 of the common NFT projects are worth checking out
I am sure you all are quite familiar with NFT projects and the benefits they offer to their investors. Since anything can be tokenized, the sky’s the limit and with the extreme success of crypto art, there are plenty of investors around.
As NFTs grow in popularity, diversity increases. While browsing through the web, I stumbled upon some interesting projects that you might be able to use.
If you are a Web 2 developer interested in branching out into Web 3.0 development, Metacrafters could be a useful project for you. Using a learn-to-earn model, Metacrafters is an RP learning game that focuses on teaching people how to code in 3.0.
The game is still in alpha so it’s unclear what the in-game coding environment will be like but judging by its main page, you can tell the developers have an appreciation for aesthetics.
Metacrafters offers courses for Solana, Ethereum, Flow, Avalanche and Polygon protocols, with more to come. Beginner courses are free, so all players need to do is register and start playing
When it comes to committing to a long course with tough exams, users have few access options. One is to purchase access with fiat or cryptocurrency and if the course is completed in the allotted time frame, the player gets 90% of the purchase price back (with on-chain certification) along with some rewards and proof of learning NFT.
If a client does not have the necessary funds to access a course, another option is to borrow a reusable course ticket NFT. This ticket provides access to a course up to 9 times if the course is completed within the appropriate time frame. Any reward for successfully completing a course through this option is shared with the person who loaned them the NFT ticket.
I’m sure this project will be successful if it gains credibility in the job market, but it’s the coding environment that I’m most excited to see. If the whole thing flops, the devs can always sell the courses in simple educational packages with some instructional videos and examples.
2. Crypto Baristas
Moving on to something a little simpler but with better potential, Crypto Baristas is a set of NFTs that sell “Future Cafe” NFTs that give owners the right to sell and deal in cafes the company opens. The roadmap itself looks very promising, aiming for a 10% discount on all future cafe spaces, governance funding, a 15% discount when shopping at Coffeebros.com, and a 20% discount on all Crypto Baristas Marches for Crypto Baristas owners. Barista’s perks improve with each purchase, giving you better sales and other tasty rewards.
One of my main concerns is the limited number of affiliated cafes as I can’t find Future Cafe anywhere. But it seems that these NFTs were actually created to finance the creation of these cafes, with decentralized investment, like a Kickstarter without the middle man.
3. Farming stories
This one is one of my favorites. Combining two of my favorite things, NFTs and fresh produce, Farming Tales allows players to trade its in-game currency for real-life fruits and vegetables by completing weekly tasks and building farms.
Unfortunately, we can’t be sure how the reward system will work as the feature hasn’t been released yet. But the game includes a fully fleshed-out NFT marketplace and farming system, so despite some delays, I expect the team to deliver on its promise.
While this is all speculative, I still think it’s worth mentioning that if this game does pull off an IRL reward system in production, we’ll likely see many more projects like this in the future. Achieving a profitable and efficient produce supply system is a challenge on its own, but incorporating fresh produce logistics seems like a long shot. I doubt this NFT will take off, but I’d like to be proven wrong.
4. Digital perfume
For some comedic relief and to remind us how unusual the NFT market is, I decided to include in the list “Digital Perfume”, the world’s first and only “Cyber Eau de Toilette”. Briefly, a Berlin-based laboratory is scanning and graphing perfume scents using infrared spectroscopy and then selling the molecular wavelengths as NFTs for $18,000.
Now although this sounds absurd, we have to accept the fact that this product has been sold at the asking price. Meaning, there is a market where potential buyers want to spend their money on something new. It can be a gimmick, a joke or even a destroyed product. Take for example famous street artist Banksy’s now burned art piece titled “Morons,” which was bought for $95,000, burned, then resold as an NFT for $380,000.
All the crypto community needs to do now is release a presentable, slightly gimmicky and most importantly, practical product that can hit the mainstream and influence the future of the market.
5. Acknowledge one
If you’ve ever heard of Gmoney, then you already know a thing or two about this NFT. For those who don’t know, Gmoney is a popular investor and NFT enthusiast who spent 140 ETH on Cryptopunk Avatar as a ‘flex’. The Puerto Rico-based investor has partnered with the INFINFT fund, which focuses on investing in NFT projects.
After placing CryptoPunks on billboards all over Miami, Gmoney concluded that crypto culture would break into the mainstream and companies surrounding NFTs would become among the most influential. With this belief, he decided to gather other like-minded people by selling 1,000 individual tickets to the crypto community. Some were given to people active in Gmoney’s community, some were reserved for partners/team members and some were for Gmoney hand-picked who could provide some value to the community.
So if you’re looking to network, learn about a specific niche or some obscure news, attend key crypto events and give it a try! The floor price dropped to 8 ETH and still has value. If it turns out that the community is uninterested and inactive, check the group chat for valuable information and then resell your ticket on the Gmoney market.
Conclusion
As you have probably noticed, the NFT industry has been evolving quite rapidly of late, offering users integrated and unique projects that they can benefit from. Apart from the regular pieces of digital art, the founding teams are working to bring some really interesting and unusual ideas to life. Embrace the efforts of developers and support the NFT movement to encourage more one-of-a-kind projects to enter the space.
Be sure to follow my personal blog for more crypto-related content and have a good one!
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