Upcoming NFT Projects to Watch out for in 2023

Introduction

NFTs or non-fungible tokens are an aspect of the crypto industry that is probably one of the more recent additional, but has had. a phenomenal claim to fame. It started from obscurity as a form of digital art which can’t be replicated and is verified on-chain – but has now become a symbol of art, taste and class. In 2021, before the crypto market bore the brunt of the global economic slowdown and quantitative tightening measures, NFTs were becoming more and more commonplace as the idea of metaverse was beginning of take off.

Both NFT and metaverse are concepts that are joined at the hip and amid the pandemic when play-to-earn games began to increase in popularity, NFTs began shooting into the limelight. There were NFTs before too, but those were standalone NFT collections from before too, the likes of Cryptokitties. However, standalone NFT collections like the Bored Ape Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC) soon got their own metaverse story with the launch of the Otherside metaverse and the launch of ApeCoins.

Now, a month into 2023, we’re seeing some strong recovery in the crypto markets, led primarily by the king coin, Bitcoin but followed closely by many of the top altcoins. This is typical of a bull market where the larger market cap coins, which are often considered to be more reliable and safer rally initially, improving the overall market sentiments and soon after we see the altcoin season kicking in when obscure coins see meteoric rallies in a matter of weeks, sometimes days. Along those periods, NFT collection also tend to increase in value as people begin to associate more value to the blockchain verified pieces of digital art.

With that understanding out of the way, let’s take a look at some of the most exciting and upcoming NFT collections that you need to know about in 2023!

Metacade

One of the most exciting upcoming NFT projects in 2023 – it is one that seeks to utilize blockchain technology to create the largest play-to-earn (P2E) video arcade game in the metaverse. It will also serve to become a hub for gamers on the platform to connect with other gaming enthusiasts, earn through the P2E ecosystem and even contribute to the Web3 gaming revolution.

This platform also features several unique passive income mechanisms for gamers, such as being rewarded for contributing and interacting with the larger community by writing game reviews or even participating in live chats online. The Metagrants program is another one of Metacade’s marquee features. It is essentially a system where budding game developers who want to build on the Metacade ecosystem can pitch their ideas and games and those with MCADE governance token can vote to determine which projects can receive funding in the form of grants. This give MCADE holders control in the priorities of the games being integrated into the ecosystem.

The Metacade presale is currently in progress, as of writing this article – and it has a long way to go. It aspires to become the metaverse’s largest arcade game with included functionality of NFT collection in it – although that is yet to be clarified. Thus is definitely becomes a NFT project you should look out for in 2023. Check out its whitepaper for more information on the same!

Read More: Top Metaverse Projects 2023

Meta Masters Guild

Meta Masters Guild is yet another upcoming NFT project in 2023. It aims to reshape the Web3 gaming industry with its innovative platform by allowing players to incorporate NFTs into their gameplay, and enhancing the interactivity and immersion of the gaming experience. It has also been making a lot of waves in the the blockchain gaming industry, by its focus on making its tech approachable and user-friendly.

One of the biggest positive things going for it is the fact that its presale stage has been met with a lot of excitement from the NFT enthusiast community. Very recently, the presale reached over $1.3 million worth of USDT, just a few days before launch. Those interested can still get the platform’s native token, MEMAG at a discounted rate of 0.013 USDT, and the price of the token is expected to rise up to 0.016 USDT in the next phase of launch. One of its unique aspects of its digital marketplace, where users can acquire rare NFTs linked to digitals wallets to be used across various games running on the Meta Masters guild platform.

To further its reach and influence in the gaming industry, it is attempting to forge partnerships with various game developers and companies and it also planning to incorporate the MEMAG token into its games, thus providing a financial incentive for players. The project’s litepaper speaks about their idea in much greater degree of detail.

Fight Out

As play-to-earn become more commonplace, we have a new category creating a niche for itself in a trend that began to explode early in 2022 and is now gaining a lot of popularity and appeal – and that is the move-to-earn games! A move-to-earn is essentially a kind of blockchain based games that rewards people with crypto for moving and being physically active.

One of the most exciting new and upcoming NFT project in 2023 in the space has to be this platform known as Fight Out. Fight out is a blockchain platform that empowers uses to attain their fitness aspirations through customized NFT avatars. The project has managed to generate a lot of interest since its announcement and as an investment has raised over $3.4 million via its presale stages. Fight Out’s official launch is expected soon too, and the value of its native token, FGHT is expected to increase to 0.033 USDT, but users can still jump in with its current price of 0.0167 USDT.

This platform offers a multitude of features, ranging from fitness centric ones like progress tracking, milestone tracking and even a social community feature so that players can connect with others and there can be some community based connection and motivation to achieve those fitness milestones. Fight Out has also one-upped the game by partnering with well known MMA athletes like Amanda Ribas and Taila Santos. These partnerships will definitely aid the ecosystem to gain more credibility in the community. Those interested can also refer to the platform’s whitepaper that expands on its various features.

IMPT

Yet another very unique and upcoming NFT project in 2023 that you need to watch out for is definitely IMPT as it is working on building a blockchain protocol that has a real-world use case and that also happens to be in a rapidly growing industry. The project aims to aid in the fight against the climate crisis by doubling down on the carbon-offsetting efforts of its users.

According to their website, IMPT is trying to become a part of a large ecosystem that connects socially responsible brands with business and individuals who are trying to reduce their carbon footprint in the world. Built on the blockchain, IMPT empowers users to buy, sell or even retire carbon credits while avoiding double counting and fraud.

To that end, IMPT has plans to turn carbon credits into NFTs and make them fully tradable on a new marketplace. Carbon credits are essentially a new system that has been put into place globally that allows companies to emit carbon dioxide into the atmosphere in exchange for funding global climate efforts – and one carbon credit is equivalent to one ton of carbon dioxide.

The market for this industry is huge as currently the voluntary carbon trading market is only about $2 billion annually as of now but is expected to rise up to $100 billion by as soon as 2030, according to an estimate by Bloomberg. IMPT users will be enabled to buy and sell their carbon credit NFTs as well as hold them for the long term. Companies and well known global brands like Amazon, Microsoft, and LEGO are among the many to have already signed up.

In initial fund-raising rounds, IMPT has raised $20.5 million and it has also secured listings in various exchanges across the globe. You can check out this project’s whitepaper for more information!

Metopia

Last but not the least, Metopia is yet another upcoming NFT project in 2023 that you know know about. The Metopia NFT collection consists of 1000 unique NFTs that are designed to act as member tokens for the Metopia platform. This collection is now live on OpenSea and the NFT offers its holders access to a wide range of features designed to appeal to crypto investors. Holders will get early access to MTPT token, first access to the project’s metaverse and invitations to exclusive, holder-only events!

Furthermore, holders of the Metopia NFT are also slated to receive a bonus for deposits on the Metopia staking platform which utilizes metaverse assets and give a yield to investors on the platform. It looks at capitalizing on the NFT and metaverse trend slightly differently, which makes it a strong contender on this list and while it hasn’t been market tested yet – the concept does seem good and functional.

Conclusion

Thus in conclusion, this is a list of some of the most exciting and upcoming NFT projects in 2023 that crypto participants and NFT enthusiasts must have an eye out for. While NFT volumes have gone down dramatically in the bear market of 2022, we have seen some strong recovery happening in the crypto market since the beginning of 2023 and if this trend continues, NFTs could make a comeback in 2023 too!

Read more: Top Blockchain Projects 2023