Coinranking
NFT Tokens
723 coins #33 Page 12
Trending NFT Tokens
| Coins | Price | 24h | |
|---|---|---|---|
| |  Ethereum Name Service ENS | $ | +1.28%  |
| |  Axie Infinity AXS | $ | -2.35%  |
| |  PancakeSwap CAKE | $ | -0.84%  |
| |  Render Token RENDER | $ | +1.13%  |
| |  Chainlink LINK | $ | -0.45%  |
Top Gainers
| Coins | | | |||
|---|---|---|---|---|---|
| |  Dego Finance DEGO | $ | +5.11%  | ||
| |  Collector Crypt CARDS | $ | +5.09%  | ||
| |  Vulcan Forged PYR | $ | +4.45%  | ||
| |  Chromia CHR | $ | +3.94%  | ||
| |  Ultra UOS | $ | +3.28%  | ||
| All Gainers | |||||
What is an NFT token?
An NFT token is the native cryptocurrency that powers an NFT-centric ecosystem—used to mint, buy, sell, stake, or govern non-fungible digital assets such as art, game items, virtual land, or music.
Examples include APE (Otherside), MANA (Decentraland), SAND (The Sandbox), and AXS (Axie Infinity); these coins act as both medium of exchange and governance keys for their metaverse or game economies.
Quick Facts
- Purpose: Pay gas, mint NFTs, bid in marketplaces, stake for rewards, vote on treasury.
- Chains: Ethereum (80 %), Polygon, BNB Chain, Solana, Flow, Immutable X.
- Supply model: Fixed to billions; often burn-to-mint mechanics tie supply to NFT demand.
- Market size: NFT coin sector >$25 B market cap; quarterly NFT trading volume $3-8 B.
- Royalties: Smart contracts enforce 2.5-10 % creator fees paid in native token.
Top NFT Tokens (Live Examples)
| Token | Ticker | Ecosystem | 2024 Utility Highlights |
|---|---|---|---|
| ApeCoin | APE | Yuga Labs (BAYC, Otherside) | Land bids, DAO treasury, staking. |
| Decentraland | MANA | Decentraland metaverse | Buy wearables, estate auctions, DAO votes. |
| The Sandbox | SAND | Sandbox game world | Mint ASSETS, land sales, play-to-earn rewards. |
| Axie Infinity | AXS | Axie game | Breed Axies, governance, staking yields. |
| Flow | FLOW | Dapper Labs (NBA Top Shot) | Gas & node staking, NFT minting. |
| Immutable | IMX | Immutable X L2 | Gasless NFT trades, protocol fee rebates. |
| Chiliz | CHZ | Socios fan tokens | Mint & trade sports NFTs, club governance. |
| WAX | WAXP | WAX blockchain | Cloud-wallet NFT drops, vIRL items. |
How It Works
- Acquire NFT token (APE, SAND, MANA) on exchange or via play-to-earn.
- Connect wallet to marketplace (OpenSea, Blur, Magic Eden).
- Mint or bid – pay token + gas to mint NFT or place reserve bid.
- Staking/locking – lock tokens to earn exclusive NFT drops or yield.
- Governance – vote on IP partnerships, royalty rates, metaverse upgrades.
Benefits
- True digital ownership – NFTs live on-chain; no platform can seize your skin or land.
- Creator monetisation – automatic royalties enforced in token terms.
- Cross-game utility – stake AXS to breed new Axie NFTs that can be rented.
- Transparent scarcity – fixed mints provable on-chain; no hidden inflation.
- Global liquidity – 24/7 secondary markets in native token pairs.
- Play-to-earn loop – earn tokens via gameplay → reinvest in NFTs → compound earnings.
Risks & Trade-offs
- Speculative bubbles – JPEG prices can drop 90 % when hype fades.
- Token dilution – high emissions to reward players can depress coin price.
- Smart-contract bugs – minting flaws or royalty bypass can sink project value.
- IP disputes – CC0 vs. commercial rights confusion; takedown requests on marketplaces.
- Wash-trading – inflated volume misleads investors about real demand.
- Regulatory grey – SEC labels some NFT offerings as unregistered securities.
Final Thoughts
NFT tokens are the fuel for on-chain culture: they let gamers, artists, and sports fans own, trade, and govern scarce digital goods without middle-men.
The upside is programmable royalties and metaverse economies; the downside is reflexive hype cycles and dilutive token rewards.
Treat them like early-stage entertainment equity: enjoy the utility, but size positions knowing that both coin and JPEG prices can halve overnight.