Rocketize Token Proposes A New Approach To NFTs: Do Decentraland And The Bored Ape Yacht Club Need To Revamp Their Tokens? |

Rocketize Token Proposes A New Approach To NFTs: Do Decentraland And The Bored Ape Yacht Club Need To Revamp Their Tokens?

Rocketize Token (JATO) is set to completely revolutionise NFTs in the crypto market once released.

Ever since NFTs came onto the scene in 2015 they have brung elements of fun and innovation in an otherwise monetary-focused industry.

It doesn’t matter if you want to use your crypto to purchase an eye-catching digital collectible, concert tickets, or fan tokens, the possibilities are endless.

Thanks to NFTs, crypto geeks can interact with celebrities, sports teams, and parallel universes which were previously not possible. Besides, making smart investments in rare items that can be sold for huge profits in the future.

Hence, the success of renowned NFT projects like Decentraland (MANA) and Bored Ape Yacht Club (BAYC).

However, these projects and many others do not allow investors to create their own NFTs. Individuals are forced to indulge in whatever tokens are available without using their initiative and adding value to a community of their own accord.

Rocketize Token plans to give each investor a sense of pride and ownership for every NFT they bring to the ecosystem. This is a notion that Decentraland and BAYC may need to implement if they want to stay ahead of their competition.

Decentraland: Is Virtual Land Enough Of An Incentive?

Decentraland is a virtual reality world that runs on Ethereum. Users can purchase an in-game NFT token known as LAND to own digital real estate and utilise Decentralands’s primary token, MANA, to facilitate all in-game interactions.

To Decentraland’s credit, those who own large amounts of LAND can put their imagination to use. Users can create a range of games and then monetize them by charging other users to play them.

Not to mention, hosting a variety of events. For example, a music festival recently took place in Decentraland which included renowned artists such as Ozzy Ozbourne and Soulja Boy.

BAYC: Is It Time To Release New Apes?

The Bored Ape Yacht Club is one of the most popular and lucrative NFT collections on the market. An Ape was notoriously sold for $3,408,000 which means someone made a life-changing amount of profit.

With 10,000 designs varying in expression, colour, accessories, and clothing, it is no surprise the NFT collection has been so successful.

Nevertheless, the cost of a non-rare Ape is astronomical and it might be time for the BAYC gods to release newer designs.

And if they allow investors to have a part to play in the creation, they can further increase their market cap while providing a community sense of ownership that is currently missing.

Rocketize Token: Bringing The Concept Of Meme NFTs To Life

Rocketize Token is planning to give investors the power to manifest meme-based NFTs through special minting events.

Everyone who is part of Atomic Nation, the Rocketize Token community, will have access to ROCKMint which uses Web 3 wallets to facilitate the storing and generation of NFT collectibles.

Then all users need to do is upload their favourite memes and transform them into a collectable trading card.

Final Thoughts

Rocketize Token is portraying the future of NFTs where those in the crypto community can seamlessly create their own tokens.

Decentraland allows investors to be creative through virtual land projects in the metaverse, yet users cannot add new in-game tokens that are not already present.

Meanwhile, BAYC may need to give users the power to create their own Ape designs, so investors can still participate in a highly expensive marketplace.




Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

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