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10 Best NFT Games in 2024

Blocksight Staff

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10 Best NFT Games in 2024

Last updated:

May 17, 2024 10:50 EDT
| 18 min read

NFT games use blockchain technology to incorporate non-fungible tokens (NFTs) as a fundamental component of gameplay. In these games, players can buy, sell, and trade NFTs both within and outside the game ecosystem.

NFT games often allow players to take ownership of their in-game assets, making it possible to earn real money while playing. In this guide, we review the best NFT games to play in 2024.

The Best NFT Games to Play Right Now

Our research found that the best NFT games available in the market today are those listed below:

  1. Hypeloot – AI-powered crypto casino with 64 million bets placed and 160,000 active players
  2. Matr1xFire – Cyperpunk first-person shooter for mobile players
  3. motoDex – Fast-paced racing game with over 1 million weekly players
  4. Alien Worlds – Galaxy-spanning P2E game with 9.5 million lifetime players
  5. Wreck League – Mech sports game featuring Bored Apes
  6. Axie Infinity – Pokemon-inspired NFT game.
  7. Decentraland – Buy and sell virtual land on the metaverse.
  8. PirateXPirate – Earn PXP tokens in a Pprate metaverse.
  9. The Sandbox – Invest in the future of P2E and metaverse gaming.

Top NFT Games Reviewed

Although there are tons of NFT video games in the market, some platforms stand out from the crowd – with unique features, excellent experience, and thriving community support.

As per our research, we will now discuss the overall best play to earn crypto games for 2024. 

1. Hypeloot – AI-Powered Crypto Casino With Exclusive NFTs

Hypeloot is the world’s first AI-powered crypto casino and has already accrued over 160,000 players since its launch in 2022.

Hypeloot features games like Plinko, Crash, and Crazy Wheel, all of which are provably fair and verified using the EOS and Chainlink blockchains. Plinko even has a 100,000 multiplier betting option. Players can also get mystery boxes with products from top brands like Nike, Gucci, Louis Vuitton, and Apple. Your rewards can then be exchanged for crypto tokens or shipped to your home.

hypeloot presale

Hypeloot is home to the “Hype NFT” collection, a series of limited edition characters that can be used on the Hypeloot site and grant exclusive privileges to the users. These NFTs are only available through the presale, and there are currently 4 types: Sir Satoshi, Gamble, Degendog, and Crouper. Each has different uses; for example, Gambler lets you make free bets and gives you access to an exclusive staking pool and the Hypeloot VIP Club.

hypeloot nfts

Central to the Hypeloot experience is its native token, $HPLT, currently available through presale. $HPLT offers users lucrative staking yields, access to NFT purchases, and complimentary casino credits. There is also a daily buy-back and burn system to make the token more profitable over time.

So far, this new NFT presale has raised over $500K. Stay updated with this cryptocurrency by joining the Hypeloot Telegram channel.

Token Symbol  HPLT
Presale Supply 40 million
Token Type ERC-20
Payment Method ETH, BSC, USDT, USDC
Listing Price  $0.15

 

2. Matr1x Fire – Cyberpunk First Person Shooter NFT Game for Mobile

Matr1x Fire brings the fun of first-person shooting onto your mobile screen in this futuristic cyberpunk game aimed at fans of games like Call of Duty. Developed by Singapore-based company MATR1X, the game lets you compete against other players and earn NFTs in the process. It’s the first game in the Matr1X metaverse, with two more in development.

matr1x fire

The game has 3 game modes:

  • TeamMatch Mode: Join up with other players to defeat the enemy
  • Competitive Mode: A more strategic gameplay with an economy system incorporated
  • DeathMatch Mode: Everyone is on their own in this all-out warfare style mode

Players can earn in-game NFTs (avatars and weapons) to gain a competitive edge and platform-level NFTs that give the holders benefits such as governance voting rights and access to the other games in the Matr1x ecosystem. Avatar NFTs vary from basic to high-level Mythic NFTs, and weapons come in different ranges, too. Platform-level NFTs include You Are The Champion (YATC) and MATR1X Kuku NFTs that can be earned by top players in the game.

The game has already raised $20 million in funding and has over 400,000 monthly players. It’s available on Android and Apple phones.

3. Alien Words – Explore and Mine the Edge of Space Alongside 134,000 Players

Built on the WAX blockchain, this galaxy-spanning game allows players to explore and interact with virtual planets, mine resources, and compete in battles for control and rewards.

In Alien Worlds, players take on the role of “Prospectors” who traverse various alien planets, each with its own unique characteristics and resources. Through a process known as “mining,” players can extract the in-game token, Trilium (TLM), and Shards using tools and equipment within the game. Shards can be used to buy NFTs such as land, tools, minions, avatars, and weapons.

alien worlds

The game is free-to-play aspects, but expect to buy tools or NFTs if you want to level up quickly. Players can also stake their tokens to receive more TLM or even special NFTs. Staking missions have yields of 1% to 10%, depending on the mission chosen.

Alien World is governed by Syndicates – decentralized autonomous organizations run by players. Voting power is determined by the amount of TLM held.

4. Wreck League – AAA Mech Sports Game Featuring The BAYC NFT Collection

Newly launched Wreck League is a creation by nWay (Chronoblade) and Animoca Brands (The Sandbox). Wreck League features exciting real-time matches where you pit mechs against each other in intense player vs. player combats. Players can build their own NFT mechs, with 10 NFT parts used to create one mech NFT.

Players can disassemble their mechs at any time, giving them the option to rebuild or customize their mechs over time. Some constructors have even become famous across the game for their builds. Your roster of mechs can then take part in events and tournaments to rise up the league and win on-chain prizes.

wreck league

The game has also partnered with Yuga Labs for its first season to incorporate four NFT collections: Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherside Kodas.

To play, you’ll need to build a mech from NFT parts or buy a pre-built one from an NFT marketplace. NFT parts can be bought in different boxes on OpenSea.

5. motoDex – Addictive Motorcycle Fun With NFT Riders and Tracks

motoDex is an ideal web3 game for fans of fast-paced dodging games like Temple Run and Subway Surfers. Players take part in high-speed motorcycle races and can upgrade their riders and level up the tracks. You’ll need to watch out for hurdles like forklifts or fallen riders.

motoDEX racing game

With fun tracks and vibrant character design, motoDex is an entertaining ride that also lets you earn in-game currency. Players can collect coins to unlock unique NFTs, such as new characters and tracks. These can be bought or sold, allowing you to profit from the game too. Players can also take on the role of track owner and profit from tournaments held on your race track.

Running on the Polygon, Near, and Aurora blockchains, its addictive gameplay has earned it the top spot on Web3 game rankings this month with over 6 million monthly players. The ability to level up your riders and upgrade your tracks through NFTs adds an extra level of strategy, too, and has helped it gain such a large following since its launch.

6. Axie Infinity – Pokemon-Inspired NFT Game

Axie Infinity is an Ethereum-based game that was launched in 2018. The game has a lot of parallels to the Pokemon series; however, with blockchain integration, the finished product offers more immersive experiences.

With Axie Infinity, players breed and collect NFT-based pets called Axies. The main purpose is to battle Axies against digital pets owned by other players. Upon winning games, players can earn Smooth Love Potion (SLP), the game’s native token that doubles as a functional cryptocurrency.

Each Axie NFT has its own genetic imprint – with strengths and weaknesses that are passed down to their offspring.  And, of course, Axies can be traded on NFT marketplaces, and the price will depend on their rarity and core traits.

Axie Infinity NFT game

However, to start playing Axie Infinity, gamers will have to purchase three Axies. The NFT game also has a governance token, Axis Infinity Shards (AXS), which can be staked to earn rewards.

In fact, investors not interested in Axie Infinity’s play to earn games can simply buy AXS tokens instead – to gain exposure to this project. The AXS token can be purchased from popular cryptocurrency exchanges using a debit/credit card with low fees.

7. Decentraland – Buy and Sell Virtual Land

Decentraland is a virtual reality platform that allows players to build a 3D world in the metaverse. Land in Decentraland are available to purchase via an NFT. Once players buy a plot of land, they can develop it by building real estate, adding vegetation, farming on it, and more.

Moreover, on Decentraland, users can host events and concerts on their lands. Popular brands such as Estee Lauder, Dolce & Gabbana, Forever 21, and Selfridges have held virtual events in the Decentraland metaverse.

Decentraland metaverse project

To get started with Decentraland, players need to buy MANA tokens. MANA tokens can be used to purchase Land NFTs and other in-world digital goods and services.

8. PirateXPirate – Earn PXP Tokens in a Pirate Metaverse

Next up on our list of the best NFT games is PirateXPirate. This is a brand new play-to-earn game that was founded in mid-2022. The PirateXPirate team is behind one of the most successful board games in South East Asia, which illustrates that the project knows how to bring a product to the mass market.

The PirateXPirate ecosystem is based on a pirate-themed game that enables players to earn real-world rewards in the form of PXP tokens. The project – which operates on top of the Binance Smart Chain, offers immersive gaming experiences within a metaverse setting. Although the game is still in its early stages of development, it is already live.

PirateXPirate metaverse game

In its current form, PirateXPirate offers a PVP (Player vs Player) system. This means that players will need to enter battles on a peer-to-peer basis, with their chosen ship and crew. NFTs can also be earned within the PirateXPirate ecosystem, which enables players to build bigger and more powerful ships.

As a completely new play to earn games venture, PirateXPirate could be one of the best future cryptocurrency projects to keep an eye on. In fact, this is one of the best low-cap cryptocurrencies in the play to earn gaming space, with a valuation of under $1 million. As a result, the upside potential of this project could interest those in the market for the fastest-growing crypto.

9. The Sandbox – Invest in the Future of P2E and Metaverse Gaming

The Sandbox is a popular metaverse platform that shares much of this marketplace with Decentraland. However, unlike Decentraland, the Sandbox is still in its beta stage. This means that access to its metaverse world is somewhat limited. Players will need to obtain an Alpha Pass, which can be obtained in a number of ways – including through random lottery draws.

With that being said, the Sandbox has already attracted some significant interest from public figures. At the forefront of this is Snoop Dogg, who has purchased virtual land within the Sandbox and proceeded to build a mansion. Snoop Dogg is planning to offer immersive virtual music experiences from his virtual mansion, which is in conjunction with an NFT collection.

Sandbox NFT game

The Sandbox will not only offer some of the best NFT games in this space, but it also allows third-party developers to create and launch their own titles. Those looking to invest in the future of the Sandbox have two core options. The easiest way is to buy SAND tokens, which back the Sandbox ecosystem.

As per the crypto bear market, SAND is now trading at a huge discount from its prior all-time high. The second option is to buy a virtual plot of land within the Sandbox. Prices will vary considerably, so research is important. For example, land situated close to Snoop Dogg’s mansion trades at a huge premium. This concept is not too dissimilar to conventional real estate markets.

Learn more about how to invest in the metaverse in our beginner’s guide here.

What are NFT Games?

Blockchain technology has helped develop a new breed of games — popularly classified as ‘play to earn‘ or P2E. In simple terms, this phenomenon allows players to take real ownership of their in-game assets — which come in the form of NFTs.

When engaging with NFT games, players can own accessories or tools, such as avatars, weapons, characters, and even virtual land in the metaverse. Due to the nature of non-fungible tokens, each asset will be distinguishable and tamper-proof.

Furthermore, NFT-backed gaming ownership means that players can buy, sell, and trade their earned items. This is in stark contrast to how traditional gaming titles work.

For instance, while the likes of Call of Duty and FIFA enable players to purchase in-game assets, nothing is actually owned by the player. Most importantly, NFT games allow players to earn real-world rewards, paid in the native digital currency of the project.

How do NFT Games Work?

NFT games can outwardly look like regular video games, but there’s a twist. Instead of just playing with items that belong to the game, like characters or weapons, in NFT games, these items are like the player’s own collectibles. Each one is unique and can’t be copied, just like a real-life collector’s item. When a player owns an NFT in a game, it’s theirs to keep, trade, or sell as they please.

When playing an NFT game, you can buy, sell, or trade these NFT assets with other players. Since all trades are stored on the blockchain, no one can cheat or fake ownership. Plus, because these items have real value, some players even make money by playing NFT games and trading their valuable items for cryptocurrency. For many NFT game players, it’s not just about having fun—it’s also about owning and investing in digital assets.

Advantages of Playing NFT Games

When compared to conventional gaming consoles, NFT games offer a full wealth of advantages and benefits.

We explore this in more detail in the sections below:

Suitable for All Budgets

First and foremost, NFT games are designed in such a way that people from all walks of life can gain access. At one end of the spectrum, players on a budget can often play their chosen NFT game without actually spending or risking any money.

On the contrary, there are many free play to earn crypto games for 2024 – and even more lined up in the coming months. And, the more time dedicated to the game, the more rewards the player can earn.

There will also be players who are happy to allocate money to their chosen play to earn the game. For example, the player might wish to give themselves the best chance possible of progressing through the game by purchasing a weapon upgrade, which is backed by an NFT.

In-Game Cryptocurrencies

NFT games feature cryptocurrencies native to the project. In-game cryptocurrencies are typically utilized to reward players. For example, when engaging with the Meme Kombat game, players are rewarded with MK when winning bets.

However, non-gamers can also purchase these in-game cryptocurrencies and gain direct exposure to the popularity of the game.

  • For instance. Meme Kombat is a new NFT project that is yet to launch its game.
  • Even before the game has arrived, Meme Kombat tokens have become a huge hit in the crypto market, with $10 million raised in its presale.
  • With that said, Meme Kombat is not the only in-game cryptocurrency popular in this market.
  • Some of the best play to earn games — such as Axie Infinity and Decentraland, also have their own tokens — which have performed very well since launching.

This is one of the core reasons why digital tokens associated with play to earn games are attractive for both players and crypto investors.

Future Growth Potential is Huge

It goes without saying that the future growth potential of the NFT gaming space is significant. From an investment perspective, the underlying crypto asset that backs the NFT game will have real-world value. Its value will be determined by demand and supply.

meme kombat staking

As such, the value of the play to earn cryptocurrency could increase as the project becomes more popular. For example, those investing in MANA – which backs the Decentraland metaverse, have witnessed gains of over 2,000% since it was launched.

Axie Infinity has performed even better, with peak gains of over 100,000% at one point. This is why new cryptocurrency projects in the NFT gaming space — such as Meme Kombat and Hypeloot — are increasingly becoming popular with value investors.

Immutability

When a conventional video game shuts down, players will typically lose any privileges associated with in-game purchases.

NFTs, on the other hand, exist independently on the blockchain. As such, in-game NFTs can be purchased and sold regardless of what happens to the game.

And there is even a chance that the absence of the game might make the NFT question more attractive in the secondary market — which could drive up demand.

What’s more, new games can also be designed that could integrate the existing NFTs. Ultimately, the possibilities of NFT gaming ecosystems are endless.

Methodology – How We Ranked the Best NFT Games

Before beginning our testing process, the Cryptonews team conducted thorough research to identify a diverse range of NFT games across various genres and platforms. We considered factors such as popularity, innovation, and community engagement to ensure a comprehensive selection. After identifying five key factors, we assigned a weighting of 20% to each one, allowing us to rank the games we reviewed according to our satisfaction with each metric.

1. Gameplay Experience – 20%

Each NFT game was evaluated based on its gameplay mechanics, user interface, and overall player experience. We spent significant time immersing ourselves in the virtual worlds of these games, exploring their features, completing objectives, and interacting with other players.

2. NFT Integration – 20%

A key aspect of our testing involved assessing how effectively NFTs were integrated into the gameplay and economy of each game. We examined the diversity and uniqueness of the NFTs available, as well as their impact on progression, customization options, and in-game transactions.

3. Community Engagement – 20%

We also considered the level of community engagement surrounding each NFT game, including the size and activity of its player base, as well as the developer’s responsiveness to feedback and updates. Community-driven features such as tournaments, events, and social interactions were taken into account.

4. Security and Reliability – 20%

Security and reliability are paramount in the world of NFT games, given the value of digital assets involved. We assessed the integrity of each game’s blockchain infrastructure, as well as its track record regarding security breaches, hacks, and data protection measures.

5. Long-Term Viability – 20%

Finally, we evaluated the long-term viability of each NFT game, considering factors such as ongoing development support, sustainability of the player-driven economy, and potential for future growth and innovation.

Can You Play NFT Games on iPhone and Android?

Mobile gaming is now a huge, multi-billion dollar industry that is expected to grow year on year. As a result, many players will specifically seek mobile NFT games as well as the best NFT apps.

With that being said, many NFT games in this space currently only offer access to the platform online, via a standard web browser.

Nonetheless, some of the best new NFT games discussed on this page are building a mobile app for both iOS and Android, so expect more releases in the coming months.

Top NFT Games and Platform Compatibility

Game Available on iOS Available on Android
Hypeloot Yes Yes
Matr1xFire Yes Yes
motoDex Yes Yes
Alien Worlds No No
Wreck League No No
Axie Infinity Yes Yes
Decentraland Yes Yes
PirateXPirate No No
The Sandbox Yes Yes

Conclusion

Play to earn games enable players to earn money by doing something they enjoy. Given the popularity of NFT games, more developers are adding innovative features to their ecosystems, subsequently allowing players to earn real-world rewards.

One of the top NFT games right now is Meme Kombat. Players can purchase unique Meme Kombat NFTs and pit them against each other. Purchase in-game Meme Kombat NFT meme characters, use your characters to battle, wage bets, and earn rewards.

Players can also access an NFT marketplace and make purchases with $MK. The $MK token is currently available to buy on presale.

FAQs

What is an NFT game?

An NFT game is a gaming title that operates on the blockchain. Throughout gameplay, players can earn real-world rewards, both in the case of NFTs and crypto tokens. The former enables players to own the in-game assets that they earn or buy, such as a weapon or avatar. The latter rewards players for engaging with the game in the project’s native token.

What are some examples of NFT games?

Some of the most popular NFT games to date include Axie Infinity, Decentraland, and the Sandbox. New NFT games to keep an eye on include Meme Kombat and Hypeloot.

What is the number one NFT game?

The number one NFT game at the moment is Meme Kombat. Meme Kombat sees viral NFT meme characters battle it out as players wage bets on the outcome.

Are there any free NFT games?

Yes, there are many free NFT games in this market. Players simply need to connect their crypto wallet to the platform before playing games to win rewards. However, do note that the most successful players in the NFT gaming space typically make in-game purchases. This isn’t, however, compulsory.

Can you earn real money playing NFT games?

Yes, the overarching concept of playing NFT games is that players can win real-world rewards. In the vast majority of cases, NFT games distribute rewards in their own native token. The tokens can then be sold for other digital assets like Tether before cashing out to fiat money.

What are the best Ubisoft NFT games?

Established gaming developer Ubisoft recently entered the NFT marketplace via its popular Ghost Recon Breakpoint franchise. However, the developer has since announced that it is winding down its exposure to NFTs – with the venture failing to attract any notable traction.

References

  1. NFTs incoming: Matr1x doubles funding to $20M ahead of its debut Web3 mobile launch (pocketgamer.biz)
  2. What are DAOs? (The New York Times)
  3. Top Blockchain Games (dAppRadar)

About the Author


Kane Pepi

Kane Pepi is a financial, gambling and cryptocurrency writer with over 2,000 published works, including on platforms like InsideBitcoins and Motley Fool. He specializes in cryptocurrency guides, exchange and wallet reviews, and covers new crypto projects for Cryptonews.com. His expertise includes asset valuation, portfolio management, and financial crime prevention. Pepi holds a Bachelor’s in Finance, a Master’s in Financial Crime, and is pursuing a Doctorate in money laundering in crypto and blockchain. Connect with Kane on LinkedIn.

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We are the editorial team of Blocksight, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on Blocksight, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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News

Ether Drops Further After ETF Launch

Blocksight Staff

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Bitcoin Surpasses $66,000 Thanks to Strong ETF Flows

Key points

  • Spot ether ETFs began trading in the U.S. today, with the funds initially having more than $10 billion in collective assets under management.
  • Analysts expect the launch of spot ether ETFs to have a net negative impact on the underlying price of ether in the near term, due to expected outflows from the pre-existing Grayscale Ethereum Trust.
  • Spot Bitcoin ETFs continue to see strong inflows, with BlackRock’s IBIT alone seeing more than $500 million in inflows on Monday.
  • Franklin Templeton, a spot ETF issuer on bitcoin and ether, has invested in a project that intends to bring Ethereum technology to Bitcoin.

Nine-point ether exchange-traded funds (ETFs)) started trading on the stock market on Tuesday, but all the optimism ahead of their approval did not translate into gains for the cryptocurrency markets.

Ether (ETH), the native cryptocurrency of the Ethereum blockchain, dropped less than 1% around the $3,400 level as of 1:30 PM ET, while Bitcoin (BTC) fell more than 2% to around $66,000.

Ether ETFs’ Debut Isn’t as Flashy as Bitcoin ETFs’

Spot ether ETFs began trading at just over $10 billion assets under management (AUM)), according to Bloomberg Intelligence analyst James Seyffart, most of that money is in the current Grayscale Ethereum Trust (ETHE) which has now been converted into an ETF.

“In the long term, Grayscale will simultaneously have the highest and lowest fees in the market. The asset manager’s decision to keep its ETHE fee at 2.5% could lead to outflows from the fund,” Kaiko Research said in a note on Monday.

Outflows from ETHE, if they occur, would be similar to those faced by Grayscale’s Bitcoin Trust (GBTC) after spot bitcoin ETFs began trading in January of this year, most likely due to high fees for the two original funds. Grayscale’s existing fund charges 2.5% fees, while a new “mini” ether ETF will charge 0.15% and commissions for other ETFs are set at 0.25% or less.

Such outflows could impact the price of ether and market sentiment.

“There could be a pullback shortly after the launch of Ethereum spot ETFs, i.e. outflows from Grayscale Ether Trust could dampen market sentiment in the short term,” Jupiter Zheng, a partner at Hashkey Capital’s liquid fund, told The Block.

But Grayscale remains optimistic.

“Compared to the splashy debut of spot bitcoin ETPs in January, the launch of ethereum ETPs has been relatively muted,” said Zach Pandl, Grayscale’s head of research, adding that investors may be “undervaluing” ether ETFs that are “coming to the U.S. market in tandem with a shift in U.S. cryptocurrency policy and the adoption of tokenization by major financial institutions.”

Bitcoin ETF Inflows Continue to Rise

As for bitcoin, there is clearly no lack of demand for spot ETFs, such as BlackRock’s iShares Bitcoin Trust (IBITS) recorded its sixth-largest day of inflows in its short history on Monday, at $526.7 million, according to data from Farside Investors. Daily inflows for the overall spot bitcoin ETF market also hit their highest level since June 5.

In particular, asset manager Franklin Templeton, which has issued both bitcoin and ether ETFs, appears to have decided to cover its back when it comes to Ethereum by investing in Bitlayer, a way to implement Ethereum technology on a second-layer Bitcoin network, according to CoinDesk.

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Spot Ether ETFs Start Trading Today: Here’s What You Need to Know

Blocksight Staff

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Spot Ether ETFs Start Trading Today: Here's What You Need to Know

Key points

  • Spot ether ETFs will begin trading on U.S. exchanges on Tuesday. Nine ETFs will trade on Cboe BZX, Nasdaq and NYSE Arca.
  • Ether ETFs offer investors exposure to the price of their underlying assets.
  • Commissions on these new ETFs generally range from 0.15% to 0.25%.
  • These ETFs do not provide exposure to Ethereum staking.

The U.S. Securities and Exchange Commission (SEC) has officially approved nine ether spots (ETH)exchange-traded funds (ETFs) for trading on U.S. exchanges. Trading for these new cryptocurrency investment vehicles begins today. Here’s everything you need to know.

What new ether ETFs are starting to trade today?

Spot ether ETFs starting trading today can be found at Quotation, NYSE Arkand Cboe BZX. Here’s a breakdown of each ETF you can find on these three exchanges, along with the fund tickers:

Cboe BZX will list the Invesco Galaxy Ethereum ETF (QETH), the 21Shares Core Ethereum ETF (CETH), the Fidelity Ethereum Fund (FETH), the Franklin Ethereum ETF (EZET) and the VanEck Ethereum ETF (ETHV).

Nasdaq will have the iShares Ethereum Trust ETF (ETHA) created by BlackRock, which also operates the largest spot bitcoin ETF under the ticker IBIT.

NYSE Arca will list the Bitwise Ethereum ETF (ETHW) and the Grayscale Ethereum Trust (ETHE). The Grayscale Ethereum Mini Trust (ETH), which will begin trading on the same exchange.

How does an ether ETF work?

Spot ether ETFs are intended to offer exposure to the price of ether held by the funds. Ether is the underlying cryptocurrency of the Ethereal network, the second largest crypto network by market capitalization.

ETF buyers are buying shares of funds that hold ether on behalf of their shareholders. Different spot ether ETFs use different data sources when it comes to setting the price of ether. Grayscale Ethereum Trust, for example, uses the CoinDesk Ether Price Index.

None of the ETFs launching today include pointed etherwhich represents a potential opportunity cost associated with choosing an ETF over other options such as self-custody or a traditional cryptocurrency exchange.

Ether staking currently has an annual return of 3.32%, according to the Compass Staking Yield Reference Index Ethereum. However, it is possible that the SEC will eventually approve Ether staking held by ETFs.

How can I trade Ether ETFs?

ETFs can simplify the trading process for investors. In the case of cryptocurrencies, instead of taking full custody of the ether and taking care of your own private keysSpot ether ETFs allow investors to purchase the cryptocurrency underlying the Ethereum network through traditional brokerage accounts.

Today, not all brokers may offer their clients spot ETFs on cryptocurrencies.

What are the fees for ether ETFs?

The fees associated with each individual spot ether ETF were previously revealed In the S-1 OR S-3 (depending on the specific ETF) deposit associated with the offerings. These fees are 0.25% or less for all but one.

The Grayscale Ethereum Trust, which converts to an ETF, has a fee of 2.5%. The Grayscale Mini Ethereum Trust has the lowest fee at 0.15%. These fees are charged on an annual basis for the provider’s management of the fund and are in line with what was previously seen with spot bitcoin ETFs.

Brokers may also charge their own fees for cryptocurrency trading.

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News

Kamala Harris Odds Surge Amid $81M Fundraise. What Does It Mean for Bitcoin and Cryptocurrencies?

Blocksight Staff

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Kamala Harris Odds Surge Amid $81M Fundraise. What Does It Mean for Bitcoin and Cryptocurrencies?

Market odds and memecoins related to US Vice President Kamala Harris have soared as the latest round of donations tied to the Democratic campaign raised $81 million in 24 hours, bolstering sentiment among some traders.

The odds of Harris being declared the Democratic nominee have risen further to 90% on cryptocurrency betting app Polymarket, up from 80% on Monday and setting a new high.

Previously, in early July, bettors were only betting on 8%, but that changed on Saturday when incumbent President Joe Biden announced he would no longer run in the November election. Biden then approved Harris as a candidate.

Polymarket traders placed $28.6 million in bets in favor of Harris, the data showsThe second favorite is Michelle Obama.

Somewhere else, Memecoin KAMA based on Solanaa political meme token modeled after Harris, has jumped 62% to set a new all-time high of 2 cents at a market cap of $27 million. The token is up a whopping 4,000% from its June 18 low of $0.00061, buoyed primarily by the possibility of Harris becoming president.

As such, Harris has yet to publicly comment on cryptocurrencies or her strategy for the growing market. On the other hand, Republican candidate Donald Trump has expressed support for the cryptocurrency market and is expected to appear at the Bitcoin 2024 conference on Saturday.

However, some expect Harris or the Democratic Party to mention the sector in the coming weeks, which could impact price action.

“While he has not yet received the official nomination, there is consensus that last night’s development is in line with current Democratic strategy,” cryptocurrency trading firm Wintermute said in a Monday note emailed to CoinDesk. “Keep an eye on Democrats’ comments on this issue in the coming days.

“The prevailing assumption is that Harris will win the nomination and any deviation from this expectation could cause market volatility,” the firm added.

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Top 30x Cryptocurrency and Coin Presales Today: Artemis Coin at #1, Others Are: BlockDAG, 99Bitcoin, eTukTuk, and WienerAI

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Top 30x Cryptocurrency and Coin Presales Today: Artemis Coin at #1, Others Are: BlockDAG, 99Bitcoin, eTukTuk, and WienerAI

The cryptocurrency market has seen a lot of growth and imagination lately, with new ventures popping up regularly. A critical pattern in this space is the rise of crypto pre-sales, which give backers the opportunity to get involved with promising projects early on. Artemis is a standout option for crypto investors looking to expand their portfolios amid the many pre-sales currently underway.

Cryptocurrency presales, commonly referred to as initial coin offerings (ICOs), allow blockchain ventures to raise capital by offering their local tokens to early backers before they become available on open exchanges. Investors can take advantage of these presales by purchasing tokens at a lower price. If the project is successful and the token’s value increases, investors stand to receive significant returns.

>>> Explore the best cryptocurrency pre-sales to buy now <<

The Ultimate List of the Top 5 Cryptocurrency Pre-Sales to Invest In

  1. Artemis: The aim of Artemis (ARTMS) will become the cryptocurrency equivalent of eBay or Amazon. The upcoming Phase 4 will see the launch of the Artemis Framework, which will serve as a stage for digital money exchanges where buyers, sellers, specialized organizations and those seeking administration can participate in coherent exchanges.
  2. DAG Block: uses Directed Acyclic Graph technology to increase blockchain scalability.
  3. 99bitcoin: operates as a crypto learning platform
  4. WienerAI uses AI-powered trading bots for precise market analysis.
  5. eTukTuk focuses on environmentally sustainable transportation options, such as electric vehicle charging infrastructure.

We have determined that Artemis is the best new cryptocurrency presale for investment after conducting extensive research. It presents itself as the unrivaled cryptocurrency presale choice currently open.

>> Visit the best cryptocurrency pre-sale to invest in now <<

Top 5 Crypto Pre-Sales and Best Cryptocurrencies for Investment Today

Artemis (ARTMS) is attempting to establish itself as the cryptocurrency version of eBay or Amazon. The Artemis Crypto System, which will act as a platform for cryptocurrency transactions, will be launched in Phase 4. Buyers, sellers, service providers, and requesters will all benefit from seamless trading with this system. Customers will be able to purchase things, such as mobile phones using digital money, as well as sell products such as involved bicycles and get paid in cryptocurrency. Additionally, crypto money can be used to pay for administrations such as clinical consultations, legitimate care, and freelance work. Artemis Coin will act as the main currency of the ecosystem, with Bitcoin and other well-known cryptocurrencies from various blockchain networks backing it.

Artemis Coin has increased in price from 0.00055 to 0.00101 from 0.00094. Artemis may be attractive to individuals looking to recoup losses in Bitcoin, as predicted by cryptocurrency analysts. At this point, it seems to present an interesting presale opportunity.

>>> Visit the best cryptocurrency pre-sale to invest in now <<

The world of digital currency pre-sales is an exciting and exciting opportunity that could open the door to game-changing blockchain projects. Projects in this article, like Artemis Coin, offer the opportunity to shape the future of various industries and the potential for significant returns as the industry develops.

However, it is imperative to approach these investments with caution, thorough research, portfolio diversification, and awareness of the risks. You can explore the digital currency pre-sale scene with greater certainty and increase your chances of identifying and profiting from the most promising venture opportunities by following the advice and methods in this article.

>>> Join the best cryptocurrency pre-sale to invest in now <<

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