5 NFT Projects to Watch Out for in 2024

Last Updated on March 19, 2024 by newseditor

NFTs exploded in 2021, and virtually everyone wanted to own one. However, while the NFT wave has significantly died down, NFT projects are still being released. This is largely because NFTs can be deployed in many ways, and these projects are being deployed to take advantage of the numerous use cases. 

While there are many NFT projects in the market, it is often difficult to identify the promising projects. This is why we have compiled a list of NFT projects you should watch out for in 2024. 

NFT Projects You Should Watch Out For in 2024

Pudgy Penguins 

Pudgy Penguins is a collection of over 8,000 NFTs. These NFTs are images of adorable penguins. This project was released in 2021 and it quickly drew the attention of the NFT community due to the unique, expressive, and adorable penguins. 

However, three years after its release, the Pudgy Penguins NFT has distinguished itself by modifying its business strategy by expanding to physical stores. Last year, Pudgy Penguins announced that it was launching toys that would be available in 2,000 Walmart stores. This strategy is likely to increase the project’s footprint and boost its popularity. 

Fight Out

Fight Out is a metaverse fitness project that allows users to create their NFT fighters. Players are allowed to train their NFT fighters and challenge other players within the game. You can also choose multiplayer pools and battle it out with thousands of players. 

One feature that stands out with Fight Out is that it incorporates fitness devices that allow users to monitor their real-life health conditions and use the information to improve their fighters. 

Axie Infinity

2024 seems to be the year of play-to-earn games. Axie Infinity is a blockchain-based game that allows players to collect cute little creatures that are called ‘Axies’. Each Axie has a unique genetic composition and as users continue to play, they can equip their Axies with unique strengths. 

While Axie Infinity has been around for a while, it has largely maintained its popularity. The game reportedly has over 86,000 daily players. This puts the project among other promising projects in the NFT ecosystem. 

Doodles

Doodles is a collection of 10,000 colorful NFTs created by Scott Martin and two other co-founders. This NFT collection is based on a set of unique visual traits that Martin created. However, where it gets interesting is that the project automatically generates NFT images by randomly mixing these traits. 

Doodles has maintained significant traction in the NFT market because of its generative feature. The randomness of each NFT image provokes a sentimental value. Its progress is definitely worth watching in 2024. 

Metropoly

Metropoly is a real estate NFT project that allows users to purchase real-life properties. The way it works is that each NFT represents a fraction of an income-generating property. Thus, when users buy the NFT, they are indirectly investing in actual real estate. 

The Metropoly project undoubtedly has huge potential, especially because it has a product offering that transcends the NFT ecosystem into the real world. It would be interesting to see how much the project grows in the next few months. 

Final Words

NFTs are still major investment assets, even in 2024. As the highlighted NFT projects continue to gain more traction in 2024, this will likely boost NFT adoption and positively influence NFT prices.