Top 3 NFT Projects on Binance Smart Chain
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Looking for the hottest NFT projects on BSC, then “ Top 3 NFT Projects on Binance Smart Chain“, is for you.
We’ve come a long way from CryptoKitties, and BSC is the place where projects can leverage high performance and low fees to create NFT innovations.
Introduction
Whether it’s NFT exchanges, games, or finance, BSC has projects breaking new ground in what NFTs can do. Let’s dive into the top Decentralized Applications (DApps) in each area and explore why NFT projects have so much success on BSC.
BakerySwap: Collectible NFTs
Just as you would expect, the DApp’s marketplace contains the usual collection of art and furry crypto monsters. The value placed on these NFTs depends on their collectibility and possible utility. A powerful monster sells for more than a weak one. Rare and in-demand art also fetches a much higher price. Below is an example of a BakerySwap art NFT.
If you browse through the NFT categories on BakerySwap carefully enough, you’ll find some interesting NFTs on offer. These tokens give you much more than just the rights to a PNG image or song.
Each NFT combo provides staking power and can be staked to earn BAKE tokens. There’s some randomness to each combo’s amount of staking power. There’s a lot more to this NFT Supermarket now than just a few paintings for sale.
Battle Pets: Gaming NFT
The combination of NFTs and gaming is another classic NFT use case. Right from the early days of CryptoKitties, gamification has been a winner in NFT adoption. BSC now boasts a large share of fighting, furry NFT creatures that you can do more with than just trade and battle.
Battle Pets starts to break the mold when we get to its battling mechanics. Tournament and Siege involve directly staking your NFT pet for farming rewards in FRUIT, one of its native cryptocurrencies.
You can also forge weapons that provide actual staking power, giving you financial benefits rather than just improved game stats.
It’s simple to sell your forged weapons and pets on NFT marketplaces like BakerySwap, improving the diversity of NFTs available. The NFTs are also redeemable for a certain amount of tokens, but you must destroy the item in the process.
PancakeSwap: Financial NFTs
DeFi platforms on Binance Smart Chain owe part of their success to clever NFT implementation. NFTs with a financial twist rather than pure, creative collectibility are now driving NFT sales.
Users buy their lottery tickets with CAKE which is pooled together as the prize fund. Each NFT ticket contains four numbers that need to match the draw in the correct order. A portion of the prize fund is burned, and the rest is divided between the winners. It’s a perfect example of how NFTs don’t just have to be collectibles.
Why choose Binance Smart Chain for NFTs?
From a user perspective, buying and selling NFTs using BSC is more affordable. High fees for Ethereum transactions make trading NFTs too expensive for smaller investors and collectors.
In the past months, there have been so many developments and innovations in the world of non-fungible tokens and smart contracts, especially on the Binance Smart Chain and Ethereum blockchain. NFTs now have more to offer than digital art and ownership rights and are being used widely in other applications.
Binance Smart Chain is quickly growing up its NFT ecosystem as more projects continue to take advantage of its speed and affordability. If you want to get involved with this new wave of NFTs or simply trade your collectibles, you can find it all on Binance Smart Chain.
That’s the much we can take on the topic “ Top 3 NFT Projects on Binance Smart Chain”.
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