5 Best NFT Projects to Watch in January 2022

Last year has been marked by plenty of trends, including the continuation of DeFi, which first went big in 2020, and the metaverse trend, which marked the end of the year. However, if 2021 is going to be remembered by any trend, it will be non-fungible tokens (NFTs).

The NFT sector exploded in 2021, drawing in regular people, celebrities, companies of all shapes and sizes, as well as countless entrepreneurs, developers, artists, game designers, and more. For the time being, the NFT industry still did not enter the mainstream, but it continues to grow and develop just as strongly as ever.

With that said, it doesn’t seem like it is going to die out anytime soon. In fact, it seems to be getting stronger and stronger, and so January 2022 might be the perfect time to get in on it. If you don’t know which NFT projects to go for, we can recommend the top 5 that we believe have the greatest potential right now, and those are as follows.

1. Decentraland (MANA)

The first on our list is Decentraland. This is a project that offers a digital world consisting of individual plots of digital land that you can buy, sell, rent to or from someone, and then use for all kinds of things. Many use it for developing applications, games, or other types of software, while some have even been known to use it for organizing digital meetups and events.

One example is the Australian Open — one of four Grand Slams, which is about to hold all kinds of events in Decentraland’s metaverse. Of course, all of these plots of land are available for purchase in the form of NFTs, and buying one means that you are, and forever will be its only owner. Or, at least, for as long as you don’t sell the corresponding NFT.

Given the size, importance, and age of Decentraland, this is likely going to be one of the biggest metaverse/NFT projects in the future, so buying MANA now while its price is low could have highly beneficial consequences for the future. And, of course, you can always buy some of its NFTs, as well, and become one of the early adopters of the metaverse, and an owner of digital land.

To learn more about this token visit our Investing in Decentraland guide.

2. Axie Infinity (AXS)

Next up, we have Axie Infinity. This is a project that combines multiple trends and aspects of crypto, including NFTs, metaverse, blockchain gaming, and DeFi. It is primarily a blockchain-based game that allows users to explore its vast digital world, and use monsters to battle other players.

Inspired by Pokemon, Axie lets you train and improve your monsters, and even breed them to create new ones. You can use over 500 different body parts belonging to all sorts of creatures to strengthen your monster, give it various buffs, and do all in your power to create the ultimate warrior.

So, where do the NFTs come in? Each monster can be purchased by buying a corresponding NFT, which you then get to own, sell, or trade for another. As NFTs, monsters can be bought and sold on any NFT market, or simply used within the game for battles or breeding. Meanwhile, by winning matches, you can earn rewards in the form of Axie’s native cryptocurrency, AXS, which can then be used for buying new monsters, upgrades, or wimpy withdrawn and cashed out to be used in the real world.

To learn more about this token visit our Investing in Axie guide.

3. The Sandbox (SAND)

In the third spot, we have The Sandbox — a project launched all the way back in 2011. This is a blockchain-based virtual world that allows users to create, build, buy, and sell digital assets in the form of a game. In other words, this is another gaming project, but not one like Axie Infinity. You don’t get access to a single game, but rather, you can play multiple community-made games, or create your own.

The Sandbox’s universe then allows you to play these games and collect a variety of blockchain-based assets which come in the form of NFTs. These assets can then be kept, used in games, or sold on a marketplace, which can provide you with a decent profit.

The Sandbox’s mission is to grant power to the gaming community and allow players to be true owners of the games they pay for, as well as assets that they collect while playing the game, unlike the modern gaming industry, which can take away everything from you with a push of a button.

To learn more about this token visit our Investing in The Sandbox guide.

4. Enjin Coin (ENJ)

Nearing the end of the list, we find Enjin Coin. Enjin was developed by a company called Enjin, and it offers an ecosystem filled with blockchain-based gaming products. Enjin Coin is the native cryptocurrency of the Enjin Network, which was designed to act as a social gaming platform.

Similarly to the Sandbox, the Enjin ecosystem is filled with games, with each game offering tokenized in-game items, rewards, and assets. The assets are issued by the platform itself and backed by ENJ, which gives them value and allows users to buy them, sell them, trade them, or simply store them or use them.

Every token minted on the platform is backed by Enjin, so there is no way that they could end up being completely worthless. However, the real value of these NFTs lies in the fact that, with each new token that gets minted, more ENJ gets withdrawn from circulation in order to back it up. This, in turn, increases the value of circulating ENJ, as well as the items themselves, which are backed by ENJ.

To learn more about this token visit our Investing in Enjin guide.

5. Gala (GALA)

Finally, in the fifth spot, we have Gala (GALA). This is a crypto project created by a company called Gala Gales, whose goal is to revolutionize the gaming industry by allowing players to gain a greater amount of control over their games.

In doing so, Gala wishes to create games that are fun and interesting to play, instead of just pumping out games for the sake of releasing them. In addition, it wishes to make the gaming industry rewarding for players, in a financial sense. So far, gaming companies have focused on creating games that users would buy and gain short-term satisfaction from playing these games, learning their stories, and participating in world-changing events.

However, Gala wishes to grant users 100% ownership of the games, and it achieves this through the use of NFTs. Gala uses non-fungible tokens to grant players full ownership of the games they purchased. Furthermore, it is more than a single game. Like Enjin and the Sandbox, it offers a full ecosystem rich with games, many of which are based on different blockchains. As such, Gala could very well be the future of online gaming, and as such, it holds great potential in this sector of the crypto industry.

To learn more about this token visit our Investing in Gala guide.

Conclusion

The NFT sector is huge already, and chances are that it is only going to get bigger as time goes by. With that in mind, this might be the best time to get into NFTs and engage with some of the sector’s most promising projects. You can choose one of the ones we listed, or you can do your research and find some other project that you like even more. The choice is yours, and there are plenty to pick from.