The digital world has seen a lot of attention lately, as with the onset of the metaverse and the most popular acronym on the lips of everybody, NFTs. Parody news…
Oh, golly! How these things came out of practically nowhere, had so much hype around them, made headlines on financial news broadcasts, and eventually made rounds all over the globe when these so-called digital assets started selling off for tens of millions of dollars in hard cash.
It was unbelievable, but it was true. NFTs had begun a revolution in the digital world, and it was going to be a big deal.
2021 saw a lot of highlights from NFT projects, we all thought the hype might wane, and eventually, the one-season wonder that is usually associated with things like this would do the same and die off right after. But no, the hype is still on the rise, and in 2022, everybody’s turned their investment workout session into building potential financial big muscles.
Many people have learned to trust the NFT market, and it has grown in popularity among social media stars and influencers. So join the excitement before it reaches its estimated market worth of $80 billion.
NFTs are non-fungible cryptographic tokens that exist on a blockchain. They may be spent on everything from images to videos to memes and virtual real estate. Investing in NFTs gives you ownership of digital assets that represent real-world things you’re already buying.
It is predicted to earn $20 billion in income by 2021, making many investors wealthy. Therefore, getting into projects that are affiliated with NFTs is a flex, and here are a couple of good cryptocurrency projects that you can jump on: Solana (SOL), Decentraland (MANA), and Parody Coin (PARO) are but a few solid projects.
Solana’s (SOL) shine
One of the most cutting-edge crypto platforms, the platform jumped on the NFT bandwagon. Despite the growing number of NFT markets and the increasing level of competition, the largest of these, OpenSea, has been outspoken about its belief in and endorsement of Solana. They have recently included Solana NFTs in their market.
Solana has a market capitalisation of US$1.5 billion and is ranked first runner-up coming behind Ethereum (ETH) in the market for all-time NFT sales. Because of Solana’s (SOL) high throughput and low fees, NFTs of all forms and sizes find it an excellent fit.
Users can create, experience, and monetise their content and applications on its decentralised virtual reality (DVR) platform.
On numerous occasions, the platform has demonstrated its supremacy in the market. To begin with, Decentraland managed to sell land parcels for about $20 each during its initial coin offering (ICO), but now, a handful of digital land parcels range from $6,000 to more than $100,000.
It is possible to pay for goods and services in Decentraland using MANA, which is the native cryptocurrency of Decentraland. For example, you can buy land with MANA coins, but you can also use them to buy avatars and other items. With a market capitalisation of $4 Billion, Decentraland is set for a massive explosion.
The coin of Satire, Parody Coin (PARO)
Due to its Decentralized Application (DApp), which runs on the BNB Chain, Parody Coin is poised to disrupt the crypto market. Using a simple interface, you can now create BNB Chain, Ethereum, and other blockchain-based parodies of your favourite NFTs.
Owners of the original NFT tokens can own the parody tokens by locking or burning their original NFT tokens.
As a deflationary utility coin built on a Binance Smart Chain (BEP-20), Parody Coin rapidly became a favourite among investors due to its enormous passive earning potential. It is a parody of popular NFTs that can be mined, traded, and sold on the blockchain.
There is no need to fret about making the wrong investment leap with PARO, as according to their whitepaper, Parody will be pre-minting 300 million PARO coins before the Initial DEX Offering (IDO).
NFTs are set for a whole new change in the digital world, and related projects will benefit from these upcoming changes. For example, investments in crypto tokens like Parody Coin (PARO) will prove a great addition to your portfolio.
Parody Coin (PARO)