NFTs are one of the latest buzz phrases within the crypto universe, and NFT crypto projects are the current trend that might as well revolutionize the way digital assets are monetized, and take over the crypto world in near future. In this post, we’ll discuss the top 10 low cap NFT crypto projects you can invest in, and NFT marketplaces you can get them from, but first, let’s get into a little detail about NFTs themselves!
So, What Are NFTs?
NFT is an acronym for the “non fungible token”, NFTs can be thought of as digital collectibles, like trading cards. NFT cryptos can represent both physical and virtual assets. Digital influencers, artists, and especially game developers have been using NFTs to monetize their exclusive real world/digital assets for quite some time now. The value of NFTs is set by the market demand for the data it contains.
NFTs are essentially indivisible and unique cryptocurrency tokens. They are handy for proving the authenticity and origin of one-of-a-kind assets, since each NFT crypto has a computerized code ingrained which makes it the only crypto token with that specific virtual identity, and no two NFTs are interchangable. NFTs are usually based upon the ERC-721 Token Standard.
Owners of NFTs can add metadata, or any attributes concerning the underlying asset into the NFTs. Now, this information is very significant to the NFTs, because that’s what allows them to take the form of music, video, original art, collectibles, trading cards, domain names etc. in various formats like JPG, JPEG, PNG, MP3, MP4, and GIFs. When a NFT crypto is passed on from one trader to the next, a ledger entry gets recorded on the respective blockchain ledger to document the current ownership of that NFT.
A very popular NFT project is CryptoKitties, widely regarded as the OG NFT crypto project that brought NFTs to the mainstream. The Ethereum based CryptoKitties is a game that allows players to buy, sell, and breed virtual cats. It got launched on November 28, 2017, and already had over 150,000 users and $15 million in transactions within two weeks! However, the Cryptokitties hype died down after a while. As of 2021, the most popular NFT projects in the world by market cap include Theta (THETA), Enjin (ENJ) and Decentraland (MANA).
In April 2021, we are witnessing NFTs tied to digital collectibles fetching huge prices. From original art to digital trading cards, people are spending millions of dollars on digital collector’s items, after all. For example, earlier in the year, there was the 10 second video clip created by digital artist Beeple (Mike Winkelmann) that sold for $6.6 million! A crypto art rendition of the ‘Nyan Cat’ flying Pop-Tart meme from 2011 even sold for near $600,000 in an online auction!
NFTs are revolutionizing how content creators like artists and musicians get paid; the immutably recorded NFT blockchain transactions and the fact that NFT cryptos can not be duplicated only adds to the already high prices the rare underlying assets of NFTs are fetching. The growing popularity of NFTs only proves that we might just continue to see NFTs being used increasingly across content creation platforms, and collectibles being packaged and traded in ways completely unfathomable even 5 years ago.
With that being said, let’s now take a look at the top 10 low cap NFT crypto projects you should definitely keep your eyes peeled for right now!
Top 10 Low Cap NFT Crypto Projects to Watch Out for:
FIO Protocol:
Market Cap: $61M
Price: $0.17
The FIO Protocol (FIO) is a blockchain platform that intends to provide users with a better, advanced way of sending or receiving digital tokens. The FIO blockchain uses a Delegated Proof-of-Stake (DPoS) consensus mechanism. The FIO token is the native utility token on the FIO Protocol, and it is utilized for transactions gas fees, as well as giving holders the power to vote on/suggest governance changes. The Block Producers on the FIO blockchain are elected by FIO token holders through on-chain voting. Theoretically, any user can register to become a Block Producer, and get the job if they receive enough votes from the other participants on the platform.
The top exchanges for trading the FIO token at the moment are Binance, WhiteBIT, Hoo, AscendEX (Bitmax), and Bithumb Global.
Phantasma Protocol:
Market Cap: $14M
Price: $0.145
Another great low cap NFT, the Phantasma Protocol is a swift, scalable, and highly secure blockchain solution that enables app developers to efficiently build decentralized applications or dApps. The platform is powered by a dual token system; there’s its native governance token SOUL, and the energy token called KCAL which facilitates interoperability with other blockchains, all the while maintaining a decentralized governance system. Phantasma comes with an innovative staking mechanism and advanced NFTs, and the platform allows its users to easily access virtual goods and services like communication, entertainment, marketplaces, and storage space.
SOUL is currency used within the Phantasma dApps. Users on the Phantasma platform can stake SOUL to earn KCAL, and users who get to be Soul Masters earn both SOUL and customized NFTs. To get to the SOUL token, you can visit any of the following exchanges: Bidesk, KuCoin, Uniswap V2, Gate.io, 1Inch Exchange, and Hotbit.
VIDT Datalink:
Market Cap: $15M
Price: $0.33
The VIDT Datalink is a NFT crypto project that acts as a hybrid blockchain validation and NFT creation protocol, which is already used by numerous integrators. According to the developers behind VIDT, the VIDT Datalink technology is powered by ‘a simple & strong formula that adds and protects value at minimum expense and effort’. Since VIDT has an every cloud to every chain approach, the integrators and publishers can use VIDT to secure their valuable digital assets. NFT Claim is one of the institutions to use VIDT Datalink to certify and secure virtual documents like certificates, invoices, diplomas and sensor-data.
The VIDT token follows the BEP-20 token standard. Every time an NFT gets minted on the platform, a $VIDT transaction gets made that documents all the necessary details into multiple blockchains. The total supply of VIDT is deflationary because of the timestamp-driven automatic burns conducted by the VIDT Autoburner.
You can buy VIDT from exchanges like Binance, BKEX, KuCoin, and Uniswap V2.
Bondly:
Market Cap: $11M
Price: $0.0.5
Built on top of the Polkadot blockchain, Bondly is a secure, transparent, decentralized, and portable swap protocol that aims to make a user themself into a marketplace. This low cap NFT platform achieves this with a range of decentralized products and services that allow any user to conduct digital payments between their peers. For instance, one of the primary products of Bondly is BondSwap (BSWAP), a platform that facilitates direct wallet-to-wallet over-the-counter (OTC) trades executed by signing a smart contract.
Moreover, Bondly also supports smart links that can be shared through a user’s social media accounts or messaging apps. The platform is compatible with all ERC-20 tokens.
BONDLY is the native utility token on the Bondly platform. You can get the token through exchanges including Uniswap V2, Gate.io, Bilaxy, Hotbit, and the 1inch Exchange.
Aaavegotchi:
Market Cap: $37M
Price: $1.01
Aavegotchi (GHST) is a NFT crypto project running within the Aave ecosystem. The Aavegotchis are essentially game avatars not much unlike the famous cryptokitties, and these Aavegotchis can also function as collateral to provide holders with staking rewards on top of the platform. To interact with an Aavegotchi, a user must stake aToken forms of supported cryptocurrencies, like aLINK or aUSDC, into that Aavegotchi.
The Aavegotchis, being NFTs, are totally unique, and vary in body colors and characteristics. The Aavegotchis even have a pixelated ghost-like appearance as a nod to the Aave platform (Aave means “ghost” in Finnish).
GHST is the native token of the platform. You can find GHST listed on several major crypto exchange platforms, like Binance, OKEx, Bilaxy, and Uniswap.
Niftyx Protocol:
Market Cap: $5.5M
Price: $0.10
Shroom.Finance(Niftyx Protocol) originated as a fork of the SushiSwap platform. Since the platform focuses on in-game assets, Shroom.Finance is built within the Ethereum ecosystem, and the platform primarily deals in NFTs based on the ERC-721 and ERC-1155 token standards.
The Shroom.Finance platform had SHROOM as its native governance token; however, the platform has recently shifted to Niftyx.org, and that new domain too will continue using SHROOM as the utility token. You can get SHROOM from exchanges like Uniswap, Bilaxy, BitForex, and Hoo.
Rarible:
Market Cap: $42M
Price: $9.68
Rarible is a creator-centric NFT marketplace and also a NFT crypto issuance protocol. Any user can create and post NFTs on Rarible, The platform provides users with a fully-featured marketplace filtered and sorted in multiple categories so as to create a smooth user experience. Users on Rarible can turn assets like artworks, game items, etc. into NFTs. Creating NFTs on Rarible is also super simple, so much so that even newcomers to the NFT space can mint NFT cryptos with ease.
The RARI token, the native token of the Rarible platform, is used to reward users who actively interact with the protocol, along with functioning as the governance token. You can buy RARI from BKEX, Gate.io, Hoo, MXC, and Bibox. Grab this low cap NFT before it’s too late!
ChainGuardians:
Market Cap: $6M
Price: $0.19
ChainGuardians is a strategy game inspired by anime; the game comes with the tagline “Blockchain for Superheroes.” ChainGuardians is an NFT crypto project that brings together the blockchain tech and traditional gaming in a single application. The game incentivizes players by rewarding them for the time they spend playing, as well as their moves. ChainGuardians ingrains NFT-based elements into the game, like armor, weapons, supporting characters, etc.
CGG is the native governance token for ChainGuardians. To earn CGG, players on the platform have to either stake their NFTs, or play the ChainGuardians role playing game.
You can find CGG listed on any of the following exchanges: Hotcoin Global, Uniswap V2, Gate.io, and Hoo.
Playcent:
Market Cap: $1.1M
Price: $0.05
Playcent is a decentralized, blockchain-powered template based platform that allows various creators, developers, and gamers to monetize their work. The Playcent platform has many functions, including acting as a multichain wallet for users to store rewards, NFTs, etc., and as a NFT marketplace for creating and trading NFT cryptos. The collection of templates Playcent has built includes mostly simple and fun games, such as flappy bird and match-3. Aside from these games, Playcent has also built mini-apps, where users can remix and create items like interactive messages, memes, quizzes, and more.
You can get your PCNT from major exchanges like Gate.io, Uniswap V2, and Bilaxy
Gourmet Galaxy:
Market Cap: $645K
Price: $0.19
The Ethereum based DeFi platform Gourmet Galaxy is yet another gaming NFT crypto project, in addition to being an innovative yield farming platform while remaining a low cap NFT. The team behind Gourmet Galaxy intends to use the masterful combination of DeFi’s profitability, NFT cryptos, and gaming to bring a larger number of investors and traders to DeFi.
The native utility token of the Gourmet Galaxy platform is GUM. The three main products and services Gourmet Galaxy has on offer are GUM Swap and GUM Farming, GALAXY Markets, and NFT Universe.
You can find GUM on major exchanges like PancakeSwap, Uniswap V2, 1Inch Exchange, and Bilaxy.
And there you have it, the top 10 low cap NFT crypto projects you can consider investing in right now! We hope this post helps you make better investment choices! For more informative posts regarding cryptocurrencies, options, futures, and crypto trading in general, do give our website a visit!
Do check out our other curated lists on Altcoins as well:
Top 20 Cryptocurrencies to invest in 2021
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Disclaimer:
Altcoins listed in this article are based on the author’s research. The author is not holding any of these altcoins. Always do your own research before investing in any cryptocurrency.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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