We can define the concept of NFTs (non-fungible tokens) as a reflection of items having a collectable value in the digital world. Taso and football cards, which were immensely popular in the 1990s, are comparable examples as NFTs are the digital equivalents.
However, NFTs are designed in a way that makes them unique and unchangeable. NFTs represent many unique digital assets, from collectables to virtual gaming content. The technology has led to millions of dollars in sales to date.
As a popular sector in the crypto world, many cryptocurrencies tend to focus heavily on NFTs because they know this is a big interest for many users. The top three include Dogecoin (DOGE), Shiba Inu (SHIB), and Logarithmic Finance (LOG).
Dogecoin (DOGE), the biggest meme coin in the market, has seen a value rise amongst the NFT mania in the market.
The price of Dogecoin (DOGE) NFT has risen 2.25% in the past week, and it reached $0.0017 as of May 26. Elon Musk’s tweets, especially, had a significant impact on the coin’s value.
In addition, we cannot ignore the contribution of its vibrant community and dedicated Reddit members in these crazy rises in the market.
Could you imagine that Dogecoin (DOGE) and its NFT, which started as a joke for Elon Musk, would become popular over time? Don’t forget to watch social media; otherwise, you may not know when a fortune knocks on your door.
Shiba Inu (SHIB)
The Shiba Inu (SHIB) community, another memecoin, is gearing up to enter Web3 and the metaverse using the newly released Shiboshis.
Shiboshis is a collection of 10,000 unique NFTs built on the Ethereum (ETH) blockchain. Shiboshis, consisting of different characters, can be integrated into a game released soon as NFT.
For Shiba Inu (SHIB), which is growing on Web 3 and metaverse, this NFT integration game project is a critical step. Of course, depending on this step, the increase in the market value of Shiba Inu (SHIB) is inevitable.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is one of the cryptos that dive deep into the crypto world. Although it is currently in the presale phase, its rapid increase in market capitalization is more than 100%.
One of the reasons behind its rise is the project’s investments in the metaverse and NFT world.
With the projects developed on Web 3, it promises its users to access the metaverse with NFT integration. Logarithmic Finance (LOG) has a young and dynamic team. They design projects to ease uninterrupted interaction between innovators and venture capitalists.
We will hear the Logarithmic Finance (LOG) in the crypto world soon.
Logarithmic Finance (LOG)
Join Presale: https://presale.logarithmic.finance/register
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