Best NFTs to Buy in May 2022

Non-fungible tokens (NFTs) have continued to experience phenomenal adoption. Some works from well-known collections have fetched millions of dollars and many of these projects present an appealing investment opportunity for smart investors who can spot them early in their development cycle.

Let’s look at the best NFTs to buy in May for maximum gain.

1. Lucky Block (LBLOCK)

The best NFTs to buy in May are Lucky Block’s Platinum Rollers Club NFTs.

At press time, LBLOCK, Lucky Block’s token, trades at $0.001026, a rise of 28.16% in the last 24 hours. However, the digital asset has slumped by 27.83% in the past 7 days and is 89.75% below the all-time high of $0.01. The rise in the price of the asset is an opportunity to buy and make profits amid the ongoing downtrend in the crypto market.

Lucky Block is a cutting-edge game-centric crypto platform that runs on the Binance Smart Chain (BSC). The platform intends to promote gaming transparency and fairness by creating a gaming system that provides all players with a better chance of winning while also contributing to the community by giving token holders a sound investment plan.

To ensure a fair and transparent system, Lucky Block shortens the time between draws and allows for multiple draws per day. Furthermore, the adoption of distributed ledger technology (DLT) allows for faster payouts and thorough documentation and verification, despite the magnitude of the jackpot prize.

Lucky Block’s app and NFT platform enable token holders to participate in daily prize draws. LBLOCK can be used to purchase $5 entry tickets, with one jackpot winner each day.

The prize draws for the Lucky Block Platinum Rollers Club NFT collection have been scheduled for earlier. Before all 10,000 NFTs in the Lucky Block Platinum Rollers Club NFT collection are sold, the giveaway will take place. However, the date will be announced one week before the event.

Lucky Block plans to give a $1 million LBLOCK prize in the first giveaway. However, if the NFTs sell out, there will be a Lambo giveaway. Holders of the Platinum Rollers NFTs have indefinite tickets to the Jackpot-style prizes.

2. Solana (SOL)

According to our ranking, Solana is the second-best NFT to buy in May. The decentralised app platform allows users to make smart contracts, non-fungible coins, and decentralised apps (dApps).

SOL, Solana’s token, currently trades at $50.23. The digital asset has seen a rise of 26.67% in the last 24 hours, despite slumping 38.21% in the past 7 days and being 80.58% below the all-time high of $260.06.

Solana is an open-source project that develops decentralised financial (DeFi) solutions using permissionless blockchain technology. Low transaction costs, scalability, and processing speed are all priorities of the project.

The project aims to make decentralised app development easier (DApps). To achieve this ease, Solana intends to boost scalability by merging a proof-of-history (PoH) consensus with its underlying proof-of-stake (PoS) consensus. Solanas is known for its lightning-fast processing rates and hybrid architecture, allowing faster transaction and smart contract validation.

As a result of its lightning-fast processing times, Solana has attracted much institutional interest. Instagram, Meta’s social media platform, will enable non-fungible tokens (NFTs) for crypto art from many major blockchain networks, with a trial to be announced soon. The NFT implementations are planned for Solana, Ethereum, Polygon, and Flow.

Meta has yet to confirm the change, but the internet giant might make an official statement soon.

3. Decentraland (MANA)

Decentraland comes next on our list of best NFTs to buy in May.

Currently, MANA, Decentraland’s token, is priced at $1.02. Despite slumping 30.03% in the past 7 days and being 82.68% below its all-time high, the digital asset has seen a rise of 46.94% in the last 24 hours.

Are you searching for one of the best NFTs in the metaverse ecosystem to invest in? Decentraland is a great option. Users can create in-game avatars and buy land plots in this blockchain-based open-world play-to-earn crypto game. A fascinating thing is that these plots of land are structured as NFTs, allowing them to be traded and monetised with other users.

The native currency of Decentraland, MANA, is housed on the Ethereum blockchain. As the concept of metaverse has risen in popularity, Decentraland’s in-game items have also become incredibly popular, with ‘land packages’ being one of the most sought after. Users can purchase these land plots on the Decentraland Marketplace or OpenSea.

Millennium Hotels and Resorts, run by Singaporean billionaire Kwek Leng Beng, and Regal Hotels Group, owned by the Lo family, have purchased virtual properties on Decentraland.

According to Millennium Hotels, the M Social Decentraland hotel will be “a space for anybody to assemble and discover the virtual reality cosmos” in the metaverse platform.

4. The Sandbox (SAND)

The Sandbox is next on our list of best NFTs to buy in May. Non-techies can design, sell, enjoy, and profit from virtual reality NFTs in this decentralised NFT gaming metaverse.

At press time, SAND, The Sandbox’s token, is trading at $1.36. Although the digital asset saw a downtrend of 34.42% in the last 7 days and is currently 83.70% below the all-time high of $8.44, SAND increased by 24.20% in the last 24 hours.

The Sandbox is a unique platform that mixes blockchain technology with games. Part of the platform’s attraction is that it focuses on user-generated material. Users can use SAND to express their opinions on the project’s progress.

In addition, The Sandbox is a decentralised virtual world built on Ethereum where users can monetise assets and game experiences. Furthermore, investors will be able to profit safely and securely from The Sandbox’s growth due to exchange-traded products (ETP).

Dubai’s Virtual Assets Regulatory Authority (VARA) has revealed plans to establish a metaverse headquarters in The Sandbox virtual world.

VARA has remained tight-lipped on the role of its “MetaHQ”. However, they stated that the headquarters would be the key avenue for engaging Virtual Asset Service Providers worldwide.

Additionally, VARA intends to share its knowledge and experiences with consumers and peer authorities to raise awareness, facilitate safe adoption, and promote worldwide interoperability.

5. Tezos (XTZ)

Last on our list of best NFTs to buy in May is Tezos.

At press time, Tezos’ token, XTZ, trades at $1.84. The digital asset increased by 15.45% in the last 24 hours, despite seeing a downtrend of 26.60% in the past 7 days and trading 84.99% below the all-time high of $12.19.

Tezos is a decentralised computing platform and cryptocurrency. Among the platform’s characteristics are proof of stake (POS) consensus and formal verification, which allow developers to verify the validity of their code and allow stakeholders to vote on protocol changes.

For constructing dApps, the blockchain project provides a highly scalable platform. Tezos’ strength is its future-proof architecture, which allows it to scale without requiring a hardfork. Also, for users in the DeFi, NFT, and Metaverse ecosystems, Tezos is known for high-performance and low-cost transactions.

Staking is a familiar practice across blockchains, but Tezos adds a spin to it. The process of creating Tezos blocks is known as baking. Baking allows participants to take part in the network’s governance by effectively staking XTZ. This provides a financial incentive for participants and also ensures they act honestly.

Tezos, one of the first and longest-running Proof-of-Stake blockchains, has launched the ninth protocol upgrade, nicknamed “Ithaca 2“, following community approval. Ithaca 2 replaces the current consensus algorithm Emmy with Tenderbake, a game-changing improvement that ushers in a new era of Tezos protocol innovation.

The new Tenderbake consensus mechanism reduces block times, resulting in speedier transactions and more stable Tezos applications.