NFTs are incredibly popular in 2022, but many people struggle when it comes to deciding which one to choose. In this article, we’ll take you through five NFT stocks worth watching this year.
Non-fungible tokens (NFT’s) have been having more than a moment recently as more and more people get onboard with this investment trend. While many people have already taken the plunge, others are a little more hesitant due to confusion over the options available or a fear of falling victim to NFT scams.
It can be tricky to choose an NFT if you don’t have experience and, in this article, we’re going to share with you our five NFT stocks worth keeping an eye on in 2022.
What are NFTs?
Non-fungible Tokens are digital assets which are stored through blockchains. These digital assets can include a wide range of non-physical products such as art, music and books and can be bought and sold just like a physical asset.
Over the last couple of years, a number of NFTs have sold for eye-watering prices and many of these have been artworks. Mike ‘Beeple’ Winkelmann is one of many artists who have benefited from NFTs and, in 2021, Beeple’s work ‘Everydays: The First 5000 Days’, was sold at Christie’s first ever digital auction for $69.3 million.
The 5 NFTs to Watch in 2022
If you fancy grabbing a piece of the NFT action for yourself, in this section, we’ll share with you the top five NFTs to keep an eye on:
1. Lucky Block
Lucky Block’s ‘Platinum Rollers Club Collection’ has been picking up steam in 2022 and is considered to be a great investment for right now. This altcoin acts as a ticket into a Lucky Block daily NFT draw whereby owners can win 2% of the main draw – which can work out to be a considerable amount of dosh – around $10,000..
The altcoin, which is promoted by celebrity NFT owner Dillian Whyte, can be purchased for around $1500 (approximately £1240.79).
2. Tamadoge
A play to earn cryptocurrency, Tamadoge deploys NFTs for participation in the virtual ecosystem. Owners can use this token to earn a number of rewards and buy, breed and trade dog avatars known as Tamadoge pets.
The unique nature of this NFT has gained a lot of interest in recent months and can be bought with native crypto tokens for around £0.01 until September when the price is set to increase.
3. Real Estate Investment Club
We all know that real estate is a fantastic investment and we’re now aware that NFTs can be too. What could be better, then, than merging these two? Real Estate Investment Club is an NFT metaverse dedicated to building a community and educating people on how to create revenue through real estate.
As well as digital assets, this token also gives owners access to private, real world real estate events, including a prestigious event set to take place in Edinburgh this year. If this sounds like the NFT for you, you’ll need to cool your jets for a while as this one won’t go live until September 2022.
4. Identity 20XY
This innovative NFT uses AR and blockchain to create unique virtual masks. While many of us may still shudder at the word ‘mask’, these are somewhat different.
These virtual masks are created to conceal an online user’s identity when on a site which allows the use of a camera – for example, Instagram and TikTok. These masks can be really helpful in ensuring privacy online – something which is increasingly important in 2022.
5. Souls of Nature
Due for release in the third quarter of 2022, there’s already a great deal of buzz around this new NFT offering. A play to earn NFT set in the metaverse, the NFT promises a great playing experience coupled with the opportunity to help to protect endangered wildlife with every purchase.
Each player will be assigned a ‘nature soul’, a digital representation of an animal, surrounded by an aura and this will represent the player. The collection, when released, will consist of 9271 NFTs.
A Rise in NFT Scams to be Aware of
Whenever something new comes along, it’s only natural that some people will be wary of getting onboard to begin with. As well as being unsure as to whether something will make a good investment, the sheer number of scams taking place online is enough to put anybody off.
Despite NFTs still being in their infancy, a number of scams have already been identified. These usually involve an individual or group setting up a fake, worthless NFT and then using fear of missing out in order to persuade people to make a purchase. This results in customers realising too late that they’ve basically just thrown their money away.
NFT scams include ‘pump and dump’ scans whereby fraudsters will artificially inflate the price of a certain NFT by means of misrepresentation and spreading of false information. Once the price increases, they will get rid of the NFT and disappear without trace; resulting in investors being left with worthless assets.
Check reviews and detail before purchasing NFT’s…
While no NFT offering comes with a guarantee, in this article, we’ve highlighted a handful which are the talk of the town right now and, which are certainly worth watching over the coming months. Before buying any NFT, it’s good common sense to check out reviews and to speak to those in the know in order to avoid costly errors.
This article is for informational purposes only. It should not be used as a substitute for advice from a financial services professional. Please consult a financial services professional for advice about investing in NFTs. We are not liable for any outcomes associated with acting on the information on this site.
