Top 5 Upcoming NFT Collections To Buy

The NFT world is full of innovations and creativity. Numerous NFT collections are displaying good performance. This article is all about the top 5 upcoming NFT collections that could blow up. Let’s take a look at it in more detail.

What are NFTs?

To understand what Non-Fungible Tokens are, we must first disassemble the words that comprise them:

Fungible: this word represents a property that allows something to be interchanged. A fungible dollar bill is one example because you can give it to someone else without changing its core or value.
Token: cryptocurrency tokens are cryptocurrency assets that do not have a monetary value. Loyalty points, for example, or ownership of something else… Consider it similar to a stock, but instead of ownership in a company, it can be owned in anything.

NFTs are digital ownership tokens that operate on blockchains that support smart contracts, such as Ethereum. Their non-fungibility is analogous to real-world contracts in which you cannot trade one contract for another because the “actual content” differs. The same is true for NFTs, which cannot be interchanged because their underlying “contract” changes with each one, resulting in their non-fungibility.