Non-Fungible Tokens (NFTs) are one of the most popular applications of blockchain technology. With widespread applications, NFTs are undoubtedly here to stay, and the success of Web 3.0, the blockchain-based web, will hinge on this beautiful technology.
What are NFT Communities?
Community membership is currently the most active use case of NFTs. With NFTs, people can create virtual communities and clubs with several perks for participant members. Typically, in the traditional world, people join several private and exclusive clubs to have more friends whom they can gain knowledge from; a club with a Medical Doctor, a Venture Capitalist, a Politician, an Entrepreneur, etc. can share so much knowledge and networking opportunities that help to improve the quality of their lives. As a result, they climb up the social ladder with much repute, influence, and wealth.
NFT communities are very similar to traditional communities; they are virtual communities that offer perks in both the real and virtual worlds. For example, identifying with an NFT club can qualify members for high-profile events where networking is made easy. Some NFTs clubs are used to fund real-life companies and businesses, and members share the profits as Dividends. Some NFT clubs offer first-hand access to several metaverses.
The Utility of NFT communities is unlimited. As you would expect, the communities with mouth-watery perks and utility get the most clout. Conversely, the larger percentage of NFT communities have no genuine or realistic real case; hence, members are stuck with worthless images after a series of flipping. Hence, it is essential for NFT enthusiasts to know NFT communities that are worth investing in this year.
Five NFT Communities To Invest in in 2022
If you have been in the crypto space for a minute, you’ll be conversant with the names “Crypto Punks,” “Bored Ape Yacht Club (BAYC),” “Mutant Apes,” “Axie Infinity,” and so on. These are popular NFT communities that have become premium. To join any of these communities now, the lowest possible price would cost tens of thousands of dollars. Hence, if you don’t have heavy investment power, you may need to invest in other promising NFT community projects with great utility.
N.B.: This article should only be taken for educational and informational purposes. We are not affiliated with the projects listed below, and this post isn’t financial advice.
Beanz NFT collection:
The Beanz NFT collection was created as a sidekick for the Azuki NFT. Azuki NFT consists of 10,000 unique images that allow members to gain exclusive membership to a community of artists, builders, and Web 3.0 participants. Azuki has a metaverse-focused use case; the aim is to create a unique and decentralized brand where all members have a stake. Some of these brand items include gaming, fashion, a record label, etc. Given its promising use case, Azuki NFTs speedily rose through the ranks, becoming the 8th most traded NFT ever, in just two months.
Beanz NFT collection was airdropped to Azuki NFT holders; however, other non-Azuki holders can purchase the Beanz NFT to gain access to an exclusive NFT community with Azuki holders. In addition, Beanz holders are poised to benefit from other merchandise, collectibles, and other perks yet to be announced by the Azuki team.
Currently, the floor price for the Beanz collection is 1.46 ETH, while Azuki trades for a minimum of 11.95 ETH; so, if you have missed out on getting an Azuki NFT, you should definitely not miss out on Beanz.
PXN – Ghost Division:
The “Ghost Division” collection is an NFT project launched by Phantom Team. All 10,000 items are distributed into 100 regiments, and each regiment has 100 Ghosts. Each regiment has distinctive attributes that separate one from the other. Each regiment will get $PXN tokens to distribute among all 100 members depending on their achievements and contributions to the growth of the regiment.
The Phantom community is very interactive and promotes contests and rewards to boost community status. The $PXN tokens act as utility tokens for the Phantom network, allowing users to customize their NFTs, subscribe to Phantom tools, mint future collections, and access exclusive community rooms and a marketplace.
Ragnarok Meta is a role-play metaverse game exclusive to Ronin Zero NFT holders. The NFT will serve as a unique identifier in the community and character profile in the role-playing game.
After the first unique 7,777 Ronin NFTs, community members can create offspring by breeding new Ronin NFTs in the exclusive marketplace. The gameplay has many options in embryo, including a player vs. player mode, as well as a player vs. enemy mode where NFT rewards will be given at all different stages.
That’s not all; Ragnarok aims to interoperate with other metaverses and NFTs to adopt characters to and from the ecosystem.
The floor price for Ronin NFTs is currently 0.64 ETH, lower than its mint price of 0.77 ETH; hence, you can take advantage and buy the dip as it moves further down the roadmap with its marketplace expected in June 2022.
Cool Cats NFT:
Cool Cats NFT are the major digital assets used for representation and tokenization in the Cooltopia ecosystem. The Cooltopia ecosystem is a gamified economy where Cool Cats and Cool Pets NFTs are used to participate in quests.
By participating and excelling in quests, Cool Pets holders can earn $MILK. The beauty of this is that as a Cool Cats holder, you are entitled to a Cool Pets NFT; hence, you can participate in quests. Furthermore, Cool Cats holders can automatically claim $MILK tokens without participating in quests.
$MILK tokens function as the utility token on the Cooltopia ecosystem; they can be used for breeding cool cats and making other in-game purchases.
Cool Cats have many excellent functions; holders can stake their Cool Pets (i.e., send them on an “adventure,” where they can partake in quests and passively earn $MILK tokens for the holder). The Cool Cats community also participates in real-life community projects like charities
The 9,999 Cool Cat collections are categorized into several tiers, according to their unique features and rarity. As expected, the rarer ones are more expensive; regardless, you can get a Cool Cat NFT for as low as 3.99 ETH.
World of Women (WOW) NFT:
The World of Women (WOW) NFT strives to achieve gender balance in the NFT ecosystem by building women-focused NFT creators and contributors.
Each of the 10,000 WOW NFTs is part of seven different worlds, and holders are eligible to get exclusive NFT drops from each of the seven worlds. Other NFT rewards and airdrops are exclusively available for WOW NFT holders.
World of Women also has a community fund that constitutes 15% of all the primary sales of WOW NFTs. This fund is used for several community purposes, including:
- Supporting the female community of creators by allowing each member of the WOW Curators Club to select an artist for the WOW fund to purchase a piece from; hence helping the Women community establish more Female NFT artists and achieve gender balance.
- Purchasing land in the Sandbox to build a home for the fund
- Committing WOW NFTs for the fund.
In truth, many great NFT projects have existed, and getting into Crypto Punks or Bored Apes Yacht Club may be too expensive right now, as you may need nearly a million dollars to have any of these items. Nevertheless, new NFT projects come up every day; with adequate research, you can separate the wheat from the chaff and invest rightly.
If all these appear too advanced for you, please read a beginner's guide to get a proper outlook on what NFTs are. Also, click here to see other use cases for NFTs beyond virtual communities.
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