Listed By Market Capitalization-Top 3 NFT Protocols

Listed By Market Capitalization-Top 3 NFT Protocols

NFTs swamp the digital art and collectable market quickly. The lives of digital artists, transformed into a new crypto audience by massive sales. And celebrities saw a new method to connect with their fans.

Digital art, however, is just one NFT application. They may use it to demonstrate ownership of a single object, such as a digital or physical activity. Non-fungible tokens (NFTs) are a new investment that is becoming more popular with multi-million-dollar exchange sales this year.

THETA

Users and a revolutionary new blockchain fuel Theta, a decentralized video distribution network. Theta is an open-source protocol that will allow the creation of vertical decentralized programmes (Dapps) on top of the platform for sports, music, TV/movies, education, conferences between companies, peer-to-peer streaming and more.

A distributed network of users, who voluntarily provide their bandwidth and computer capabilities in return for Theta Fuel, supplies the video streaming services of Theta (TFUEL).

According to CoinMarketCap, today’s live THETA price is 7.10 US dollars with a 24-hour volume of trade of 538,222,879 US dollars. In the past 24 hours, THETA is down 8.70 percent.

Axie Infinity (AXS)

Axie Infinity is a famous blockchain game inspired by the massive popularity of the Pokemon game series. An open, enormously customizable gameplay enables users to gather various digital pets called Axie that may be picked up, fought, and sold in the constantly growing Axie ecosystem.

The application intended to offer an amusing, accessible and instructive method to learn about blockchain technology possibilities. It has already been effective in implementing this goal since Axie Infinity in many developing nations is currently an important ramp for the blockchain sector.

The current Axie Infinity price today is $70.13, a 24-hour trade volume of $685,796,358, according to CoinMarketCap. In the past 24 hours, Axie Infinity is down 8.23 percent.

Tezos (XTZ)

Tezos is an Ethereum-like blockchain network based on smart contracts. There is, however, a significant difference. Tezos strives to offer better infrastructure that can develop and grow over time without the danger of a hard fork.

Both Bitcoin and Ethereum have suffered from this issue from its beginning. Moreover, people owning XTZ may vote on modifications to the protocol suggested by the creators of Tezos. Thus, in a white paper published in September 2014, Tezos’ underlying technology was first suggested.

Today’s live Tezos price is $3.97, according to CoinMarketCap, with a 24-hour trading volume of $584,435,526 USD. Tezos have fallen 6.15% over the last 24 hours.

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A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.