Many observers have been dunking on NFTs ever since the digital asset peaked in 2021. Much of the criticism NFTs have received is fair—at the time, their proponents were believing their own BS.
Markets do become irrational. The “gem” of the sector, BAYC, has fallen to insanely low floor prices; holding BAYC NFTs is no longer the flex it was back in 2021. However, writing NFTs off as a mere exercise in financial psychedelia is a mistake since the format does have some salient utility. It’s not all monkey and PFP jpeg trash. Immutable and Theta Network, for instance, are examples of projects incorporating NFTs in their value proposition, as is newly launched crypto sensation Raboo, which has raised over $1 million and is currently in stage 3 of its presale.
Let’s explore why these tokens are set to define the NFT landscape this year.
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Raboo: The AI-powered meme coin with a SocialFi twist + NFTs
Raboo isn’t just another meme coin—it’s an AI-driven powerhouse merging the explosive virality of meme coins with SocialFi and a robust dose of NFTs featured in its ecosystem. Raboo draws its value from its content generation platform, which enables the creation of not just memes and related video content but also NFTs. The platform rewards content creators with its post-to-earn mechanism, compensating them for creating, promoting, and distributing content designed to drive interest and engagement. This, in turn, opens up its native RABT token to limitless price appreciation.
Raboo’s presale saw RABT tokens launch at only $0.003. After two consecutive sellouts, RABT tokens are still at a discounted price of just $0.0042. By the end of the presale, Raboo will have risen by over 230%, with early investors in line for what could be upwards of 100x once RABT goes live on global exchanges.
Immutable: The next-generation blockchain for NFTs
Immutable has carved out a niche for itself in the cryptosphere, particularly within NFTs and blockchain gaming. Immutable features a Layer-2 scalability solution that enables instant transaction finality and minimal gas fees while seamlessly integrating with the Ethereum mainnet. This is what makes Immutable an ideal network for blockchain games and NFTs without the insane gas fees that Ethereum charges during moments of congestion. This foreshadows Immutable’s central role within the broader Ethereum NFT ecosystem in 2024 and beyond.
Theta Network gets into NFTs
Theta Network isn’t just a blockchain catering to decentralized video streaming and, more recently, AI-focused applications. Besides utilizing users’ idle bandwidth for content delivery, Theta Network has already entered the NFT space with the launch of ThetaDrop. ThetaDrop is the blockchain’s leading NFT marketplace. NFT transactions on the Theta Network cost a fraction of a penny and work 100 times faster than Ethereum. Moreover, ThetaDrop enables live-stream broadcasts on TV through its partnerships with Samsung and Sony, indicating the traction that Theta Network has accumulated thus far.
The final word
NFTs are the furthest thing from dead—they haven’t come close to peaking yet. Raboo, Immutable, and Theta Network are among the best investment opportunities for individuals looking to gain exposure to NFTs. However, Raboo trumps them in terms of upside. Forget BAYC—in 2024, the smart money is going into Raboo.
You can participate in the Raboo presale here.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.