Will NFTs Triumph Over Cryptos, With 3X Returns On Investments This Q1?

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The folks from the coin market have been on a constant search for ideal strategies. To make the most out of the revolutionary fintech business. Whilst mainstream cryptocurrencies have been catching the wind of the traditional money market’s turmoil. Merchants and investors from the business are keen on low-volatile and high return-yielding digital assets.

Successively, the business has been exploring the diversity of the business that have been reacting sensibly to the economic turmoil. Amongst DeFis, DAOs, metaverse, gaming, NFTs have been stealing the majority of the limelight. Consequently, traders and blockchains are now hopping onto the bandwagon of NFTs.

Will NFTs Outperform Layer-1s By The End Of 2022?

Traders and investors have rolled up their sleeves to make riches out of the crypto industry. And the folks have been learning and exploring the diverse offerings of the business. That includes DeFis, NFTs, DAOs, Web 3.0, Metaverse, and smart contracts. As previously mentioned NFTs have been stealing a majority of the limelight.

The crypto-verse in its constant shift of interest has now come across a surprising event. As the folks from the business have been eyeing NFTs over cryptos. Successively, the recent search results according to Google trends, enlighten that NFTs are weighing heavier on cryptos. 

In succession, the two of the major reasons for traders opting out of cryptocurrencies. Are firstly the value of NFTs being closely linked to the network’s native token. Secondly, the value of NFTs generally takes a relatively lesser plunge, in comparison to the network’s native token. Making it an ideal investment option to counter the economic turmoil, whilst the floor sees a steady rise in due course of time.

Successively, protocols are now leaving no stones unturned, as they have been hopping onto the bandwagon of NFTs. What has been overwhelming for the sector is layer-2s and smart contract platforms venturing into the space. While Polygon going mainstream with bigger names joining the parade is widely known. Treasure Land NFT, a multichain NFT aggregation protocol is live on Moonbeam.

Summing up, NFTs have outnumbered at numerous fronts, and have been garnering the interests of the crypto folks. From being an overpriced digital art form to a viable investment option, NFTs have been shaping the perception of traders. Notable names in NFTs such as Bored Ape Yacht Club, and Crypto Punks have redefined the business.