A Closer Look at the NFT & Metaverse Portfolio
Many associate the term Non-fungible token (NFT) with images of digital artworks and collectables. NFTs are a special type of blockchain-based tokens that can be used to demonstrate proof of ownership over digital items, such as art, music, or playable video game items. While the hype around digital art reflects a compelling use case, it is hardly the only thing driving the NFT sector. The road ahead is full of opportunities for investors that will accelerate the adoption and use of NFT, with the most important of these being NFT-controlled access - especially to the metaverse.
The metaverse represents the convergence of many online worlds into one vast interconnected global environment, including virtual worlds and augmented reality. It drives the Internet and the emerging Web 3.0, merging into a centralised and interoperable space. In this future space, communication, finance, gaming worlds, NFTs and much more are part of a larger online experience.
To unlock this potential and help cultivate the metaverse, Coinpanion designed an NFT & Metaverse Portfolio, so that you can participate in this virtual lifestyle now.
Explore the carefully thought out composition below:
Axie Infinity (AXS)
Sector - Gaming, Metaverse, NFT
Axie Infinity is a "play-to-earn" pet training game and a virtual world built on the Ethereum blockchain. Players can collect, breed, battle, and trade in-game pets called Axies. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets.
Virtual world on the Ethereum blockchain
Sector - AR, Metaverse
Decentraland is building a decentralised, blockchain-based virtual world for users to create, experience and monetise content and applications.
The Sandbox (SAND)
A community-driven platform where creators can monetise digital assets and gaming experiences
Sector - Gaming, Metaverse
The Sandbox is a virtual world where players can build, own, and monetise their gaming experiences using non-fungible tokens(NFTs) and $SAND, the platform’s utility token. Players can create digital assets in the form of NFTs, upload them to the marketplace, and integrate them into games with The Sandbox Game Maker. The Sandbox virtual world is made up of LAND (digital pieces of real estate) in The Sandbox metaverse that players can buy to build experiences on top of.
Enjin Coin (ENJ)
Gaming community platform and virtual goods marketplace
Sector - Gaming, NFT
Enjin is a platform that is used to create projects (i.e. video games, web apps). Once built, developers can issue in-game assets as Ethereum tokens. All created assets can be “melted” or exchanged for the Enjin coin at any point in time.
The blockchain for open worlds
Sector - Smart Contracts, NFT
Flow is a blockchain that aims to make it easy for developers to build decentralised applications and businesses. It uses a multi-role architecture design to scale the network. Flow asserts that its innovative strategy will improve network speed and throughput while preserving composability standards and a developer-friendly environment.
A decentralised computing platform
Sector - Smart Contracts
Ethereum is a distributed blockchain computing platform for smart contracts and decentralised applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens. Moreover, the ERC-721 token standard allows for the creation of NFTs on top of the Ethereum blockchain and contributes to the overall NFT-infrastructure.
Sector - Scaling
Polygon is a platform designed to support infrastructure development and help Ethereum scale. Its core component is a modular, flexible framework (Polygon SDK) that allows developers to build and connect Layer-2 infrastructures.
Blockchain-based distributed file transfer and storage
Sector - File storage, Web3
Blockchain layer-1s are often limited in the amount of on-chain storage capacity. Because not all NFTs – and the images or websites they reference – are stored on the layer-1 or layer-2 level, NFTs require another storage solution. Filecoin is a decentralised data storage network that allows users to sell their excess storage on an open platform. It acts as the incentive and security layer for the InterPlanetary File System (IPFS), a peer-to-peer network for storing and sharing data files.