Which NFTs Will Take Off in 2023?
Cryptocurrencies are not going away, and they’re certainly not slowing down. Here’s a list of my personal favorite non-fungible tokens that I believe will take off in 2023, as well as their current market caps on January 1st, 2018, according to Coin Market Cap at the time of writing this article. For your convenience, I have included their respective ticker symbols, their total supply (TOT), their circulating supply (CIRC), and their market caps (MARK). Enjoy!
Cryptokitties
The most successful example of an ERC-721 token to date, CryptoKitties set a new bar for consumer adoption and garnered mainstream media attention. Since its launch, it has seen more than $15 million spent on purchasing kitties. It’s not hard to see why: spending real money on unique, breedable digital assets is alluring. Additionally, unlike blockchain-based games like Ethermon and Cryptobattles, there are no rules for how CryptoKitties must be used—its success lies purely in its appeal as a collectible asset. The craze shows no signs of slowing down—even if you don’t play yourself, chances are you know someone who does. There’s even been talk of CryptoPuppies!
CryptoKart
The blockchain-based car-selling platform is getting a lot of attention from investors and early adopters alike. Not only does it allow for decentralized car auctions, but it also tracks transactions on its blockchain, creating an indisputable trail of data for buyers and sellers to follow through every transaction. If you can’t wait to get your hands on a new Lamborghini or Tesla, check out CryptoKart when it launches later next year. It’ll revolutionize how you buy your next supercar. Or at least that’s what its website says; we may need to see some proof before we buy into that!
CryptoSquare
The first iteration of CryptoSquare is a game that’s designed to teach people about cryptocurrencies. You can move around tiles on a 4×4 board, with each tile representing an altcoin. And, as you make your way through levels, you gain experience points and virtual goods that allow you to try out different strategies or learn more about cryptocurrency investment. The long-term goal of CryptoSquare is to make it easy for people to test drive different cryptocurrencies and identify which ones they like best—and then use those tokens as they would fiat currency.
Cryptobonds
Blockchain-based securities are already being issued for physical assets and tokenized traditional securities; however, until a decentralized security exchange and a standardized tokenization protocol become available, it will be difficult to evaluate the scope of impact these blockchain solutions can have on financial markets. Once they do emerge, it’s easy to see how they could disrupt some traditional business models. One of those businesses is stock exchanges. Private companies have been able to circumvent exchanges by issuing debt through crowdfunding portals but publicly traded companies have not yet been able to use blockchain technology in such a way because most securities laws were written before cryptographic tokens or smart contracts existed. This may soon change, however.
CryptoBots (e.g. BigFishGames?)
CryptoBots are Non-Fungible Tokens (NFTs) that represent virtual characters that you can buy, sell, or battle. Some people prefer to think of them as rare collectibles on a blockchain. While both CryptoKitties and CryptoPuppies can be considered CryptoBots, there are other kinds of CryptoBots with different uses. One kind is used for gaming like CryptoKitties or CryptoPuppies, another for trading shares like stocks, bonds, commodities like gold & silver and cryptocurrencies like bitcoin (or even non-fungible assets such as equity interest in your house). Yet another kind is an asset representing real-world items such as physical land titles or ecommerce certificates representing ownership of a product in inventory.