These 5 NFT projects will start the bull run of 2024
Let’s take a look at the current state of the NFT market. In 2023, the highest market cap of NFTs was recorded in February, and since then, we have seen a significant decline. The market cap went from $10.6 Billion with a daily volume of $392 Million to $6.8 Billion with a $19 Million volume.
Despite the significant decline in the NFT market cap since its February 2023 peak, there are reasons to believe that a bull run could be around the corner. This is due to new and innovative NFT trends, such as Gaming NFTs, AI NFTs, X-to-earn NFTs, Rental NFTs, and Membership NFTs. These trends can be widely adopted across different industries with their innovative solutions.
This blog post will discuss 5 promising NFT projects that can start the next NFT bull run.
RobotEra
RobotEra is a Play-to-earn metaverse gaming project. 2023 witnessed a rise in gaming NFTs. RobotEra, which started in early 2022, is now on the verge of its launch. To play this game, you must acquire an NFT, a robot. Players act as robots and collaborate to rebuild a devastated planet. The game can be a hit in the long run because of its community-driven approach. On Taro, players have a variety of things to do at their disposal.
Moreover, the game being in the metaverse opens up multiple opportunities for future development and collaboration. RobotEra is still in development and is not yet available for public play. However, a presale for the TARO token has been conducted.
Website: https://robotera.io/#/intro?lang=en
Launch date: Yet to be finalized
Hits
A play-to-earn model with TARO as in-game currency
Collaboration and community-driven game
NFT customization feature
Complete ownership and control over robots, land parcels, and other in-game assets.
Misses
Huge Competition due to the lack of a proper USP
Dependency on Player Engagement and constant innovation
Crystals of Fate is a collectable card game similar to the popular game Clash Royale but taking it to the next level using blockchain technology. NFTs are represented as playable characters and artefacts, spells, and land parcels, giving the game much more depth. Unlike any other card game, CoF ensures both players play together, making it engaging and thrilling. Additionally, the game is fair to all, as it doesn’t promote pay-to-win activities. Crystals of Fate allows players to trade and sell their NFTs and follows a play-to-earn approach, providing players with earning opportunities. If this sounds good, participate in the ongoing Genesis sale on the official CoF website.
Website: https://www.crystalsoffate.com/
Launch date: November 17, 2023
Hits:
Unique concept for a collectible card game
NFT-powered gameplay with strategic depth
Play-to-earn model
The history, cultures, and conflicts of Fate give much more depth.
Misses:
Complexity of gameplay for casual players.
Graphics can be better.
Cardano Lands
A collaboration of decentralized finance and metaverse makes this project One of a kind. The project’s GameFi elements consist of two elements: Metalab and Lands. Players can stake their NFTs to generate Hexonium, the platform’s native currency. Players accumulate Hexonium and gain access to the Metalab, a virtual workshop, whereas Lands are virtual parcels of real estate. With the help of community, players can interact, share ideas, and shape the future of this digital world together. Cardano Lands can be the next big thing due to its strong focus on community engagement. Unlike most NFT projects, Cardano Lands has a clear and well-defined roadmap. The NFTs will be available to mint on January 1, 2024.
Website: https://cardanolands.com/
Launch date: January 1, 2024
Hits
Combination of DeFi and metaverse
Staking mechanism and rewards in Hexonium tokens
Diverse HEXO Token Utility
Sustainable Tokenomics and Token Burning Mechanism
Misses
Uncapped Total Supply of HEXO
Overall growth largely dependent on the metaverse
Dead Ape Club
As we know, apes and NFTs have a long history. Another ape NFT project is set to launch in April 2024. As featured in Coinweek, US Insider and New York Weekly, DAC unites the fashion industry with metaverse. Players can customize their NFTs with various accessories, transforming their apes into personalized avatars. Dead Ape Club grants holders access to a metaverse experience, providing a platform for gameplay, social interaction, and community engagement. DAC will also integrate with The Sandbox to expand the landscape of the metaverse further. As the world moves towards the metaverse, fashion items will become more substantial to stand out from the crowd. DAC is one of those projects that focuses on metaverse fashion. If DAC collabs with more metaverse projects in the future, it can become the next BAYC. You can read their whitepaper from their official website: https://deadapeclub.com/
Launch date: April 19, 2024
Hits
Unique customization feature with accessories and personalized avatars.
Integration with SandBox
Play-to-earn model
Exclusive benefits for Genesis Collection holders include airdrops and access to an alpha group.
Strong community for gameplay and social interaction
Misses
Utility of customized NFTs limited to the metaverse
Value is only apparent to some users.
Banksters
Operating in financial instruments or doing trading can be devastating if you don’t have the necessary knowledge. Banksters revolutionizes financial education with its innovative EduTech simulator that seamlessly blends finance and gaming by leveraging NFT capabilities. The unique Trade2Win model gamifies the entire learning process. The platform simulates actual trading scenarios, and because this is a simulation, players can develop their financial literacy without incurring financial losses. Gamifying financial education is something we’ve rarely seen in NFT projects. Banksters is a one-of-a-kind project that appeals to a much broader and younger audience than other NFT projects due to its focus on financial education. The game has been released, and they will have their strategic update 1.1 soon.
Launch date: February 1, 2023 (Beta launch)
Hits
Unique concept Combining finance, gaming, and NFTs.
Play-to-earn model
Beneficial for real-world trading experience
Simulation of real-world market conditions
Misses
Focuses on only simulated trading
Addiction risk
There you go. From immersive gaming experiences like RobotEra and Crystals of Fate to financial education platforms like Banksters, these projects showcase their ability to revolutionize various industries. As more and more projects come out from different sectors, we can rest assured that NFTs are the future, and this is the best time to get in. What projects did you find the most interesting? Let us know!
