Non-fungible or NFT tokens and “play-to-earn” style games are all the rage and are playing with investors’ pockets and minds.
Among NFTs, to get an idea, the market capitalization of the sector is estimated at USD 39,343,146,707, according to CoinMarketCap.
Cointelegraph has published the 5 most valuable NFT collections that have exceeded 1 billion dollars.
The numbers are staggering and In the first half of 2021 alone, the NFT market registered USD 2.5 billion in sales. Below you’ll see the top three NFTs for the week, but first, let’s get to play-to-earn games.
Two gaming tokens stood out this Thursday with valuations hovering around 1,200%.
It is the case of Doge Dash (DOGEDASH), which has revalued 1,187.26% in one week, trading at USD 0.00030 and with a market capitalization calculated at USD 18,490,977.
DogeDash, as CoinMarketCap explains, is a Mario Run-inspired game in which anyone can earn coins through in-game skill and contributions to the ecosystem.
The objective of the game is simple … Run as fast as you can through the 15 levels while collecting coins along the way. Players who complete all levels will be rewarded with coins collected directly into their wallets.
7-day chart. Source: CoinMarketCap
The second game token is SafeMoon Inu, a community driven meme and gaming token.
The Anti-PaperHand system distributes 2% of each transaction to the cardholders. This incentivizes all drivers and rewards the people who stay on board. The project was launched on May 13, 2021 with the first members of the community around the world.
Safemoon Inu is not just a meme token. The SMI community is developing a crypto-gaming platform called SMI Play.
The next gaming platform to win with NFT in the game will offer additional rewards for SMI token holders.
7-day chart. Source: CoinMarketCap
Non-fungible tokens
Among the NFTs or non-fungible tokens, three have stood out this week and have been valued up to 129%.
The first is the CEEK VR (CEEK), which cost, at the time of writing, USD 0.033.
The figure represents an increase of 129.45% in one week. And the market capitalization is calculated at USD 24,499,564.
Ceek’s website cites that the company focuses on the world of DeFi entertainment for music artists, athletes, and content creators. Ceek aims to connect music artists, athletes, and other digital creators directly with their fans.
7-day chart. Source: CoinMarketCap
Second is the Refinable (FINE) token, which cost USD 0.69 on Thursday (21), with a valuation of 89.55% in one week and a market capitalization calculated at USD 28.17 million.
According to CoinMarketCap, Refinable wants to become the “definitive hub of NFTs” on the Binance Smart Chain, giving developers an outlet that they can use to create their own NFTs and deliver them to users.
The company intends to offer a solution for the four main verticals of NFTs: creation, distribution, discovery and utility.
Through Refinable, creators will be able to easily tokenize their content and distribute it to end users through various mechanisms such as auctions, giveaways, and copyrights.
Like most blockchain platforms, Refinable has a native utility token, known as FINE.
The token is built into the core of the ecosystem and provides owners with a number of benefits, such as increased distribution and rights limits, access to exclusive sales, and list updates.
It can be used to settle commissions in the Refinable marketplace and for governance purposes.
7-day chart. Source: CoinMarketCap
The third most valued of the week was K21 (K21), which cost USD 1.65, which represents an increase of 63.74%, with a market capitalization calculated at USD 20.55 million.
K21 is a “closed art vault” that provides a liquid exposure to a curated collection of 21 original and exclusive artworks from a diverse roster of influential and pioneering contemporary and digital artists.
Designed for composition, durability and fairness, K21 sets a new protocol for art.
K21 is owned by Kanon, which is classified like this on the site: building protocols and products that align the incentives of artists, collectors and investors.
Kanon transforms sponsorship, philanthropy, curation and custody into equitable and innovative arrangements for mutual benefit embedded in the code itself. K21 is Kanon’s first product.
7-day chart. Source: CoinMarketCap
This is not an investment recommendation. Any investment must be accompanied by an in-depth study and investors must take their own risks when making a decision.
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