NFT Crypto Coins: The Titans of the Digital Asset Space
Written by CoinChapter.com Staff
Published on CoinChapter.com and Google News
LUCKNOW (CoinChapter.com) — NFT crypto coins, also known as Non-Fungible Tokens, are digital assets that represent unique items or content on a blockchain. Unlike traditional cryptocurrencies, NFTs are distinct and cannot be exchanged on a like-for-like basis. Their value is determined by their rarity and the demand for the asset they represent, such as digital art, collectibles, or virtual real estate.
NFT crypto coins are at the forefront of the digital asset space, with a total market capitalization of $2.492 trillion. As more and more investors are attracted to this emerging market, here are the top 10 NFT coins that are dominating the crypto space in terms of market capitalization.
1. Fetch.ai (FET)
Fetch.ai is a decentralized platform that aims to accelerate the research and implementation of emerging technologies like blockchain and AI. The FET token powers the Open Economic Framework (OEF), which serves as a decentralized search and value exchange platform. With a price of $2.44 and a 24-hour trading volume of $277.17 million, FET has a market capitalization of $2.465 trillion.
2. Internet Computer (ICP)
Internet Computer is a public blockchain network developed by the Dfinity Foundation. The ICP token allows users to participate in the governance of the network, which combines the power of individual computers into a seamless universe. With a price of $12.95 and a 24-hour trading volume of $161.34 million, ICP has a market capitalization of $2.492 trillion.
3. Render (RNDR)
Render Token powers the Render Network, a decentralized rendering solution for digital creators. It connects node operators with artists seeking to scale intensive 3D rendering work. With a price of $10.40, RNDR has a market capitalization of $2.492 trillion.
4. Immutable X (IMX)
Immutable X is Ethereum’s first Layer-2 scaling solution for NFTs. It offers immediate trading, scalability, and zero gas costs for minting and trading NFTs. With a price of $2.19 and a 24-hour trading volume of $53.18 million, IMX has a market capitalization of $2.49 trillion.
5. Theta Network (THETA)
Theta Network is a decentralized video streaming network that leverages blockchain technology. It rewards users for sharing their internet bandwidth and computing resources. With a price of $2.25 and a 24-hour trading volume of $51.25 million, THETA has a market capitalization of $2.49 trillion.
6. FLOKI (FLOKI)
FLOKI is a meme-inspired cryptocurrency that aims to build an NFT metaverse. With a price of $0.000182 and a 24-hour trading volume of $212,396,012.55, FLOKI has a market capitalization of $1,773,629,258.
7. Gala (GALA)
Gala is a blockchain gaming ecosystem where gamers can explore different types of games and trade NFT game items. With a price of $0.04638, GALA has a market capitalization of $1.63 billion.
8. Flow (FLOW)
Flow is a decentralized blockchain designed for building games, apps, and digital assets. With a price of $0.895, FLOW has a market capitalization of $1,338,788,637.
9. Chiliz (CHZ)
Chiliz is a platform that enhances the fan experience for sports and entertainment using blockchain technology. With a price of $0.1252, CHZ has a market capitalization of $1,113,414,254.
10. Axie Infinity (AXS)
Axie Infinity is a popular blockchain game that combines NFT collectibles and gaming. With a price of $7.40, AXS has a market capitalization of $1,064,950,287.
It’s important to note that each NFT coin has its own set of active trading pairs, and liquidity may vary across exchanges. The most popular exchanges for trading these NFT crypto coins include Binance, Gate.io, and DigiFinex.
Disclaimer: The information provided here does not constitute investment advice or an endorsement of any particular project or investment strategy. Readers are encouraged to do their own research and consult with a financial advisor before making any investment decisions.
