The four best NFT trading terms

Since most NFTs have been placed on the Ethereum blockchain, ETH (Ethereum) has long been the most popular cryptocurrency for purchasing NFTs.

However, with the growth of the metaverse and additional markets and virtual reality platforms setting up their own NFTs, a few tokens may become quite popular in the future.

GALA

“Gala Games is another Ethereum-based application that accepts the GALA token as payment. NFTs are sold, bought and traded for the GALA token, making it the hub of blockchain gaming. All of this has a significant impact on game releases, in-game purchases and other considerations.

SAND

SAND is one of the few NFT-related tokens that allow users to control, create and monetise their gaming and digital asset acquisition experience. It comes from the Sandbox environment. If you’ve played 3D games on the Sandbox platform, having SAND at your fingertips allows you to share and create resources, as well as vote on platform-specific choices.

ENJ

The ENJ token is used to pay for website development and other non-monetary tokens (NFTs) in the Enjin ecosystem, which help users create and upload digital assets. The ENJ cryptocurrency is also used to tokenise all digital assets in the blockchain.

MANA

LAND NFT and other digital assets can be purchased using the MANA – ERC20 token. The Decentraland blockchain is synonymous with it. MANA can be used by Decentraland developers to promote virtual builds, experiences, theme parks and more.

To summarise

Given the current pace of development, the idea of NFTs is undoubtedly the future of digital art, collectibles and ownership.

The Metaverse horizon will be even more exciting with the availability of NFT-relevant tokens, unique virtual markets and entire virtual worlds.