Projects focused on NFTs and cross-chain transactions continue to undergo explosive rallies as investors sharpen their focus on the sector.
High levels of excitement continue to surround all things nonfungible token (NFT)-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors.
In addition to the development of lucrative secondary markets for NFT listings and sales, crypto projects that are focused on NFTs, decentralized finance (DeFi) and cross-chain interoperability have also seen their native tokens rally significantly.
Three projects that fit in this category are Axie Infinity, Icon and Ark.
Axie Infinity is a blockchain-based trading and battling game inspired by games like Pokémon and Tamagotchi that allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.