Reality TV star and model Kendall Jenner and musician J Balvin hit the news for a unique reason recently — for judging an NFT competition. The celebrities would be selecting 100 artworks that will be turned into NFTs. The sale proceeds from the NFTs would go to amfAR or the Foundation for AIDS Research. With even big stars acknowledging the impact that cryptocurrencies and NFTs can drive, there is no better time than now to explore these blockchain-based digital assets. Take the example of DigiToads (TOADS), Crypto Punk, and the Bored Ape Yacht Club. Of the three, DigiToads is the latest entry into the NFT universe and has been making waves with its dynamic passive income-yielding model.
DigiToads: The best crypto investment of 2023
It won’t be wrong to call DigiToads one of the best altcoins to buy now as it has a unique staking mechanism that ensures that you get lucrative rewards for your staking efforts.
DigiToads is a cutting-edge stake-to-earn platform where users can stake NFTs and earn cryptocurrencies as rewards. The Ethereum-based platform has rolled out an NFT marketplace where its users can buy NFTs. They can stake the NFTs and earn rewards. The longer the duration for which the NFT is staked, the highest would be the rewards. These NFTs can be purchased using the platform’s native token — the TOADS token.
The toke can be purchased on presale and it has so far raised over $5.75 million in presale funding. The DigiToads team had set aside 69% of the total supply of tokens for the 10-stage presale process. By the ninth stage, the project has already sold off 94.86% of the tokens.
The rewards are given from an NFT staking pool which is maintained by diverting 2% from all TOADS transactions processed on the network.
What makes DigiToads a good crypto to buy, is its multi-utility model which has been designed by combining the features of three different cryptocurrencies. So, you can not only stake but also trade tokens and enjoy Web 3.0 games with exciting crypto rewards.
Is Bored Ape Yacht Club still popular?
The Bored Ape Yacht Club is a leading NFT collection where users get the chance to choose from a range of 10,000 digital assets. These NFTs are powered by the Ethereum network and are represented as Bored Apes. Each of these NFTs can also be used as a membership card for the online Yacht Club and enables its holders to have exclusive perks. These benefits include access to ‘The Bathroom’, a collaborative graffiti board. Over time, the Bored Ape Yacht Club will be unveiling other perks that are currently in the pipeline. The rights have been delegated to the APE foundation which in turn is governed by a DAO and utilizes a native token known as APE. The BYAC NFTs are still very popular and remain the top favorite collection among buyers.
Yuga Labs’ new Crypto Punk NFT series to have its book
Inspired by the modern-day CryptoArt movement, Crypto Punk is a collection of 10,000 digital collectibles. These NFTs are hosted on a user-friendly platform powered by the Ethereum blockchain. The platform was released in 2017 and since then has made a name for itself with its nuanced approach to art. Originally launched by Larva Labs, Crypto Punks NFTs was later acquired by Yuga Labs. In the past, Crypto Punk NFTs have been a part of auctions at Sotheby’s and Christie’s. They have also graced exhibitions organized at some of the leading exhibitions of the world including LACMA and the ICA Miami. The platform was recently in the news after Yuga Labs announced that its Crypto Punks NFT collection would have its own physical book. Yuga Labs would be developing the book with the help of ZAP Group. The book would cover the project and the founders’ journey so far.
Conclusion
DigiToads, Crypto Punks, and Bored Ape Yacht Club are among the top NFTs that one can find in the market today. If you ask analysts for their opinion, most of them are likely to choose DigiToads as it has higher growth potential. With a lucrative stake-to-earn feature and multiple opportunities to earn passive income, DigiToads allows users to build a steady source of income. Experts even feel that the DigiToads NFTs will become more popular in the future and the TOADS token price also has the potential to jump by 40x over the next few months.
