Analysis of the best NFT platforms in the cryptocurrency market has been going on since NFT creation got more popular, and more coins kept joining the NFT trade by the year. Considering the bearish wave in 2022, many users might be in a fix on where to make their NFT investments during the bull run. Hence, we have compiled a short list of the best choices for NFTs this year, comprising NFT veterans Solana (SOL) and Enjin Coin (ENJ), and the new meme project, Big Eyes Coin (BIG).
Solana–Household NFT Platform
Solana (SOL) is the top platform in the DeFi space that hosts a variety of DApps, tokens, and blockchain tools that offer a holistic cryptocurrency experience. Its launch in 2018 ushered in acceptance of the proof of stake protocol as it proved the code was effective in reducing energy requirements on blockchains.
Solana (SOL) exists on an independent blockchain featuring a hybrid protocol that aims to reduce gas fee charges and energy usage on the network. A proof of stake protocol and another proof of history protocol make up Solana’s hybrid protocol where the stake protocol allows for asset staking on the network, and the history protocol quickens transaction execution.
Solana (SOL) is home to many tokens and DApps and maintains a remarkable level of scalability despite its traffic load. The developers created the network to be able to scale on demand relative to its user traffic. Consequently, Solana can provide many blockchain features for its users without sacrificing speed or increasing network charges.
Solana’s NFT trade is quite advanced, as it now hosts a plethora of marketplaces that run on its blockchain. Solana NFTs were first generated in 2021 after Solanart was launched. Subsequent NFT marketplace launches have increased the amount of NFT trade on the network, and Solana now ranks second to Ethereum on NFT charts.
SOL runs the Solana hub, fueling the economy and acting as a stake and governance token. The token now sells for $22.70 on CoinMarketCap.
Enjin Coin–NFTs and Gaming At Once
Enjin platform is a prominent project in the NFT trade sector, as it has several DApps dedicated to aiding the production of quality NFTs for users. The platform also hosts blockchain games, where users can play to accumulate token rewards in their wallets.
The Enjin Coin (ENJ) is an ERC-20 token, and its connection to the Ethereum network enables the platform to use other Ethereum standards for defining user assets. The platform is also a proof of stake protocol, encouraging users to stake their assets on the network to increase its economic security. In turn, the users that stake their tokens will get token incentives for as long as they leave them staked.
The NFT marketplace on Enjin Coin (ENJ) is unique, as it uses the ERC-1155 to bind its NFTs to smart contracts. The ERC-1155 standard can bind NFTs and fungible tokens to a smart contract. Hence, NFTs on Enjin Coin are minted along with some ENJ coins to prevent the NFTs’ values from depreciating to zero. The fungible ENJ tokens give the NFTs a base value, so they cannot depreciate past that value.
Enjin Coin (ENJ) also offers its users free play-to-earn games and provides DApps that enable them to link all the games to one central wallet. This allows them to move game funds from one gaming interface to another, aiding game progress.
ENJ tokens are available on CoinMarketCap for $0.47.
Big Eyes Coin–Star Memecoin Offering NFTs
Big Eyes Coin (BIG) was the top memecoin for discussion for the latter part of 2022, as its presale event broke the standing $19 million record set by Ethereum in 2015. Currently, it has raised over $31 million from the event as users continue to troop to the platform.
The Big Eyes Coin (BIG) developers have created some smart contracts to facilitate the presale event. These smart contracts, called lootboxes, contain BIG tokens for sale at discounted prices. The developers intend to put 70% of the token supply in the community’s hands and have decided to put the rest of the tokens up for grabs while the presale is ongoing.
There’s also the NFT club, Sushi Crew, that will start operations after the token launch. Big Eyes Coin’s NFTs will feature both user and developer projects, as both parties will be able to access the club to create their NFTs from various digital content forms. The developers have also promised the transactions on Sushi Crew will be free of any charges.
The Big Eyes Coin (BIG) presale is still on, but only just. Click here to redirect to the presale page and get your BIG tokens.