Its safe to say that the crypto market is in a difficult spot right now. The market has tanked after bitcoin was looking like it would be breaking past the $22,000 support level. The collapse of FTX has not been kind and this could have a long-lasting effect on how the future progresses.
However, despite the doom and gloom, there is hope for crypto enthusiasts in the form of NFTs. These unique assets continue to gain the attention of investors and some projects look very promising in the midst of this crypto crisis.
3 NFT Projects with a Bright Future in This Bear Market
1. The Uncharted
The Uncharted is one of the more novel NFT projects to enter the market recently. Unlike other NFT collections, its not about gaining collectibles and hoping they will increase in value. Rather, the collection is linked to a High-Frequency Trading Fund called XETA Capital Fund (XCF) High-Frequency Trading fund. 100% of the sales revenue of the NFTs goes towards this fund, which generates wealth for the holders.
There is a total of 21,000 NFTs and there are multiple financial benefits. Users can expect to earn up to 240% annually based on the historical performance of the fund. The NFT collection is stated for full launch this December 2022
— The Uncharted (@UnchartedNFT_) November 8, 2022
This fund distributes a percentage of its profit every quarter to all NFT holders via an airdrop. There is also a 36-month period for investment, compounding, and distribution of profits. At the end of the 3 years, the fund is split between the NFT holders and The Uncharted LTD. However, users are not locked in and can sell their NFTs anytime in between on OpenSea.
Silks is another unique NFT project, but this one is a P2E game. It mirrors the real world of thoroughbred horseracing and whatever happens in the real world is reflected in the Silks metaverse. That means if your horse wins in the real world, you are rewarded in the game.
The activities in the metaverse are quite varied, and there are many NFT collections to support them. These include Avatars, Horses, and Land. Players will need a Silks Avatar to participate in the game. These are jockeys that represent the players and have different traits and rarities.
The benefits of owning a Silks Avatar include a lifetime mint pass for the annual Genesis Yearling Sale, exclusive experiences, giveaways, and IRL events. These activities earn players rewards.
Gameplay mechanics include buying, breeding, and racing horses. There is also a staking mechanism in community farms.
IMPT is a project thats different from the rest here because its focused on a social cause. The project is a platform aimed at bettering the environment and is essentially a carbon credits platform for brands, businesses, and individuals to reduce their carbon footprint.
Stakeholders can use IMPT tokens to buy carbon credits, with 1 carbon credit can offset 1 ton of carbon output. These can also be earned by participating in various activities in the ecosystem.
Participants can also buy, sell, or retire their carbon credits to help them reduce their impact. If these carbon credits are burnt, the burner receives an NFT. The NFTs can then be held as a collectible or sold on an NFT marketplace like OpenSea or Rarible.
Users can also choose from hundreds of environmental initiatives to support and make contributions. The team will ensure that these projects are vetted and follow Global Certification Protocols.
NFT Projects Hold the Key to the Markets Future
Crypto investors shouldnt lose too much hope with the current market crash. The asset class has always bounced back and its been through worse. This is the period where the market shows which projects really matter and the likes of The Uncharted is already proving that. Theres a lot to look forward to in the future – until then, there are always some good NFTs to nab.
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