Disclaimer: This article is for informational purposes only and the information contained herein should not be considered financial advice in any way.
NFTs have taken the world by surprise, in case you’ve been living under a rock. NFTs are non-fungible tokens that exist on a Blockchain. They can be used to represent digital art, music, videos, and other media.
Some people are doubtful of their worth, but there are numerous examples of profitable NFTs. In this post, we will look at ten of these examples to demonstrate how profitable this new technology can be.
NFTs can be used to generate income in a variety of ways, from digital art to celebrities cashing in on their social media followings. Before we see those 10 examples of successful NFTs that make money, let’s discuss what NFTs are and how they are made.
What Are NFTs
NFT is an abbreviation that stands for non-fungible token. To fully comprehend what NFTs are all about, we need to consider each of the terms that make up NFT critically.
Non-fungible: this stands for something unique that cannot be interchanged, is non-divisible and cannot be replaced by any other item.
Token: In this context token is a digital asset, currency or voucher that can be used for the exchange of goods and services. So, in a nutshell, Non-fungible tokens (NFT) are tokens or digital assets used to represent ownership of unique items such as arts, in-games, collectables and real estate.
In simple terms, NFT is a term used for tagging something in the digital world which is embedded in Blockchain technology. Whatsoever requires being tagged to a Blockchain can benefit from NFT technology.
Decentraland is a vivid example where users can buy digital land that can be sold or used for advertisement. NFT, which is stored on a Blockchain, is now a popular way to monetize digital content, and this is because it allows inventors to maintain ownership of their works and sell it at a very high price.
To be a successful NFT, it is important to create something unique that cannot be replicated and has a value people are willing to pay for.
How are NFTs Made?
To create your own NFT, it is important to follow the following step;
- Select the appropriate Blockchain platform: They are various Blockchain platforms you can choose from to create your own NFT; they include; Cardano, Binance smart chain, Solana, and Ethereum.
- Create your NFT: The next step is to create your NFT, which can be done using online tools.
- Set a price: It is important to consider the cost of creating and maintaining the NFT and perceived value before determining the price.
- Sell your NFT: After creating and establishing your price, you can sell them on NFT platforms such as Opensea, Rarible, Mintable and many others.
- Collect Royalties: once your digital asset is popular, you can then collect royalties anytime it is sold, which is possible by setting up a smart contract on the Blockchain platform that you choose.
NFTs are becoming increasingly popular; with this step above, you can create your own NFTs. Having seen what NFTs are and how they are made, let’s now see 10 examples of successful NFTs.
10 Examples of Successful NFTs
- Decentraland
- CryptoKitties
- Etheremon
- Axie Infinity
- Thetan Arena
- Wanaka Farm
- Planet Wars
- The Sandbox
- Samurai Doge:
- Pegaxy Galaxy
1. Decentraland
This virtual world where users can buy, sell, and trade virtual land and property. The game’s alpha version was released in February 2017 and has since grown in popularity.
The game had over 800,000 monthly active users between December 2020 and December 2021. Everything in Decentraland is backed by the Ethereum Blockchain, making it an NFT (or “non-fungible token”).
As a result, we can rightly say that Decentraland is like a massive video game with its economy because it is built on the Blockchain, which is completely secure and transparent. Decentraland is a great place to start if you really want to get involved in NFTs.
Decentraland differs from others in that you can walk around and explore the world using a VR headset. If you don’t have a VR headset, you can still explore the world using a standard web browser.
It is the first Blockchain-powered, fully immersive 3D world. In Decentraland, users can buy land and create content and experiences for other users to enjoy.
MANA, Decentraland’s native currency, is used to purchase land and goods in the virtual world. MANA can be bought with fiat currency or earned by participating in Decentraland events and activities.
To get started, all you need is an Ethereum wallet and some MANA. Land in Decentraland is permanent and immutable, which means you can never lose it. You can use your land to construct anything you want, including games, stores, and homes.
So far, Decentraland has been extremely successful in driving NFT adoption. The platform has seen over $1 million in virtual land sales in just a few months, with many properties selling for tens of thousands of dollars.
We expect that number to grow exponentially as Decentraland expands and attracts new users.
2. CryptoKitties
CryptoKitties is a digital collectible game in which players can buy, breed, and trade virtual cats. The game was released in November 2017 and quickly gained popularity, with over 12 million transactions occurring on the Ethereum Blockchain by January 2018.
If you like cute things, you’ll love Cryptokitties! These digital felines were among the first non-fungible tokens or NFTs. NFTs are one-of-a-kind digital assets that another cannot replace. That means each Cryptokitty is unique! Axiom Zen, a Canadian company, created Cryptokitties in 2017.
People worldwide bought, sold, and traded these virtual pets, and they became an instant sensation. The cryptocurrency craze (huge public interest in cryptocurrencies) even drove up Ethereum’s transaction fees! There are now over a million Cryptokitties. They are still in business! Check out Cryptokitties if you want a cute and unique addition to your digital collection.
Despite scalability issues, Cryptokitties is still a popular game with a thriving community of players and collectors. There are now over one million Cryptokitties, and the game has earned more than $50 million in revenue.
Since their debut in late 2017, Cryptokitties has grown in popularity, with some kitties fetching more than $100,000. Part of the appeal is that each kitty is entirely unique; even if two kitties have the same “parents,” their offspring will be different. As a result, they are valuable as collectibles, and there is a market for breeding new Cryptokitties with specific desired traits.
3. Etheremon
Etheremon is a decentralized application that allows users to capture, train, and fight digital monsters. The game was released in February 2018 and has amassed a community of over 100,000 users since then.
Etheremon was among the first games to make use of non-fungible tokens, or NFTs. Players in the game can capture, train, and battle monsters on the Ethereum Blockchain. Each monster is unique and is traded on the open market because it is an NFT.
So far, Etheremon has seen a lot of success, with over 150,000 monsters traded on the secondary market and over $1 million in ETH wagered in battles. Although the game is still in beta, it shows great promise for the future of NFT-based gaming.
If you’re interested in knowing more about NFTs, Etheremon is a great place to start! Because Etheremon is stored on a Blockchain, they are secure, which means it cannot be replicated or stolen, and its ownership is fully transparent.
This not only provides a high level of security for players but also allows for the emergence of a community-driven economy. Players can exchange their Etheremons for Ether, Ethereum’s native cryptocurrency. As the game’s popularity grows, we expect to see more games and applications that use NFTs in novel ways.
4. Axie Infinity
Axie Infinity is a digital pet universe in which players can raise, battle, and trade Axies. The game was released in March of 2018 and has become one of the most popular games on the Ethereum Blockchain, with over 250,000 registered users.
It’s one of the first games to provide true ownership of in-game assets, giving players complete control over their gaming experience. Aside from being a lot of fun, Axie Infinity has a strong community and is constantly evolving.
If you’re looking for a unique and engaging gaming experience, look no further than Axie Infinity! Axie Infinity is a digital pet universe where players can raise, battle, and trade Axies.
The game is set in an Asian-inspired world, and the Axies are based on real-life animals such as lizards, snakes, frogs, and spiders. You can collect up to six Axies per team and battle them in turn-based combat against other player teams.
Axie Infinity tokens (AXS) can now be purchased on cryptocurrency exchanges such as Binance. These tokens can be exchanged for other cryptocurrencies or used to purchase in-game items. The developers intend to make the game free to play eventually, but for the time being, it is a pay-to-play game.
Axie Infinity is a unique and engaging gaming experience you should not miss!
5. Thetan Arena
This is an NFT that does not require any initial investment to get started. This is because you receive a Raidon, which is the game’s character, at level 1 at the start of the game. To win other characters and access Premium, the user must progress with the character through combats with other players.
It is vital to note that only the Raidon conquered over time can be sold. Only by progressing through the game can these characters earn money. Thetan coins (THC) must be used to complete the transactions.
Thetan Arena is a team-oriented MOBA (Multiplayer Online Battle Arena). The players aim to eliminate opponents and enemy towers while evolving their characters to sell on the platform’s store.
There are three types of characters: tanks, who have more health but are slower and deal less damage; marksmen, who deal a lot of damage but move at an average pace; and assassins, who deal a lot of damage but have low damage resistance. The goal is to have a well-balanced team to achieve better battle results.
6. Wanaka Farm
The idea behind Wanaka Farm is to create your own farm complete with crops, animals, tractors, and more. In addition, the player must tend to his harvest and raise his virtual farm’s animals.
To earn Wana, the game’s main currency, the user can sell seeds, animals, and other items in the game’s virtual market, such as tractor parts. Wai (Wanaka Farm token) is another token that can be used to improve the farm’s structural integrity.
Making improvements in tractors or genetic mutations in animals, for example, is one strategy for increasing the value of your NFTs.
7. Planet Wars
Planet Wars is a space-themed play-to-earn developed by our Blockchain software house. The game, initially launched on Binance Smart Chain and migrating to Polygon, allows you to purchase your own planets with unique characteristics and battle with your spaceships using the three in-game resources: gold, hydrogen, and iron.
The player will be able to attack opposing planets and defend their own, giving vent to his videogame creativity in one of the NFT games with the most elaborate and reliable tokenomics on the Italian scene.
8. The Sandbox
Players can create and manipulate various 3D objects in The Sandbox, a virtual metaverse where virtual assets can be built, played, owned, and monetized. This platform enables you to build and customize assets sold in different markets to earn SAND, the game’s native currency.
This can be converted into other cryptocurrencies, which can then be converted into real money. It is one of the most promising NFT games, with virtually limitless possibilities for building and creating any product imaginable.
9. Samurai Doge
A group of friendly animated dogs dressed in samurai uniforms star in a battle game in which a limited number of Samurai Doge are proposed for sale, making these NFTs extremely valuable.
Those with a few copies in their possession will be able to breed the next generation of samurai dogs. The daily tokens known as $HON and various exclusive rewards played a significant role in the success of a launch where the first 1,000 Samurai Doge units were sold in less than 15 minutes.
10. Pegaxy Galaxy
If you’ve ever wanted to compete in a horse race, this game is for you!
The game’s NFT is the Pegasus horses, who are direct descendants of Pegasus and have a mythological and futuristic appearance.
There are various ways to profit in this game by earning VIS (Vigorus), the platform’s token. One of them is when you participate in races. 11 players compete against each other, and the first three places receive prizes. You must evolve your Pega and master its control to do well in this game mode.
You can also earn money by selling your horses or the calves they produce over time. Creating pure bloodlines from your Pegas will allow you to sell them for much higher prices, just like in the real world.
Finally, you can still profit by renting your horse to other players who are unable or unwilling to purchase an animal.
Conclusion
NFTs are a unique and innovative way to make money, and numerous approaches exist. The key is to find an NFT that you are enthusiastic about and believe in.
Once you’ve identified your niche, it’s simply a matter of producing high-quality content and effectively marketing it. Anyone can be successful with NFTs if they take the right approach.
See you soon,
Scaling Parrots
