5 Best NFT Investments to Buy Now – October 2021

Non-fungible tokens (NFTs)-enabling protocols have become popular choices for crypto investors given the boom in the nascent sub-sector. With digital collectibles like CryptoPunks and Bored Ape Yacht Club (BAYC) selling for millions, NFT protocols have seen several interests. This article explores some of the best NFT investments you can add to your portfolio right now. 1· Axie Infinity (AXS) A play-to-earn blockchain-based gaming platform, Axie Infinity has become a popular choice for several investors. The platform’s token Axie Infinity Shards (AXS) has surged more than 5,000% following a remarkable growth in users’ engagement and a fortunate rally in NFT interests this past year. Each in-game character (called Axie) is an NFT with unique strengths and attributes. Some of the rarest and most unique Axies get sold on the Axie Marketplace for large chunks of digital cash. Vietnamese game maker @SkyMavisHQ, which developed the blockchain-based game @AxieInfinity, has raised a $152 million Series B funding round led by the prominent Silicon Valley venture capital firm Andreessen Horowitz. pic.twitter.com/KInaSrZkXm — Forbes Asia (@ForbesAsia) October 6, 2021 Given this, top crypto investment firm Andreessen Horowitz recently led a Series B investment round for the Vietnam-based game maker. This saw Axie Infinity raise $152 million propelling the protocol’s valuation to $3 billion. The Vietnamese government has also taken cognizance of the gaming platform and is set to levy taxes on the players. However, the framework to be used is still unknown. The Philippines is looking to tax players of the blockchain game Axie Infinity, but it’s unclear how. “How will our government pinpoint who owns an Axie team? If a miracle happened and they did, how will they know if that person is earning from it?” https://t.co/geXM0XDQCP — Rest of World (@restofworld) October 6, 2021 Meanwhile, this news has not impacted AXS price too much as the ERC-20 token is still trading above the $100 mark. At press time, AXS is trading at $124.69, down by 8.54%. Weekly gains of 69.25% show that AXS is one of the best NFT investments to buy for the long term. Buy Crypto Now 2. Theta (THETA) Video…

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