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Although the NFT market has significantly declined this year, five NFT tokens hold notable potential for 2025, including Decentraland, Blur, Immutable, Axie Infinity, and Magic Eden.
NFTs are dying out — it’s not an overzealous statement but a fact. According to the latest data, monthly NFT trading volume was around $240million in November 2024, a significant decline from its average $2billion peak in 2022. Most notably, trading volumes have consistently declined throughout the past two years.
This indicates declining engagement and interest in the sector. However, some NFT projects have shown resilience and promise, as they’ve established a Web3 ecosystem beyond conventional NFTs.
Here are the five NFT cryptocurrencies that still have potential in 2025:
1. Decentraland (MANA)
Remember the metaverse platform where you could buy virtual real estate? That’s Decentraland, and it’s still going strong.
Decentraland is a virtual world built on the Ethereum blockchain. Users can buy, develop, and sell parcels of virtual land, known as LAND, which are represented as NFTs. This setup allows for a decentralized environment where users create and monetize their own content and applications.
The platform uses two main tokens: MANA and LAND. MANA is an ERC-20 token that serves as the in-world currency. Users spend MANA to acquire LAND parcels, which are ERC-721 NFTs.
When purchasing LAND, the MANA tokens used are burned, reducing the total supply of MANA over time. The token is also used to purchase avatars, wearables, and other items within Decentraland’s marketplace.
Most notably, the project recently launched Decentraland 2.0 – its biggest upgrade since launch. The upgrade introduced a new desktop app available for both Mac and Windows users. This update enhances the virtual world’s performance, graphics, and user experience.
Key improvements include faster load times, higher frame rates, and the ability to render up to 80 parcels simultaneously, providing smoother gameplay. The update also features procedurally generated environments with enhanced lighting, visuals, and sound effects, creating a more immersive experience.
Overall, Decentraland 2.0 offers a more dynamic and engaging virtual environment, setting the stage for future expansions into virtual reality (VR) and mobile platforms. So, MANA’s utility is likely to increase with this upgrade, which makes it a great NFT token to consider for 2025.
2. Immutable (IMX)
Immutable X (IMX) is a Layer-2 scaling solution for Ethereum, tailored specifically for NFTs. It leverages zero-knowledge rollups (zk-rollups) to enable rapid, gas-free transactions while maintaining Ethereum’s security standards. This architecture allows for high-throughput minting and trading of NFTs without the typical constraints of Ethereum’s mainnet.
The IMX token is an ERC-20 utility token. Users utilize IMX to pay for transaction fees, stake for network rewards, and participate in governance decisions, thereby influencing the platform’s development. This integration of IMX with NFTs enables seamless transactions and incentivizes active participation from both users and developers.
As of December 2024, IMX has a circulating supply of approximately 1.69 billion tokens, with a maximum supply capped at two billion tokens. The token distribution is strategically allocated: 51.74% for ecosystem development, 25% retained by Immutable for project development, 14.26% designated for private token sales, and the remaining 5% for public token sales. This structured allocation aims to foster sustainable growth and widespread adoption of the platform.
3. Axie Infinity (AXS)
As a Web3 and NFT-based game, the longevity and consistency of Axie Infinity is truly remarkable. According to data from DAppradar, the game currently has over 184,000 monthly unique active wallets and monthly transactions of $4m.
Axie Infinity Shards (AXS) are ERC-20 tokens on the Ethereum blockchain, serving as the native currency for the Axie Infinity game. Players use AXS to purchase, breed, and trade digital pets called Axies, each represented as a unique non-fungible token (NFT). This structure allows players to own, trade, and monetize in-game assets, integrating AXS directly with the game’s NFT ecosystem.
As of December 2024, AXS has a circulating supply of approximately 155.56 million tokens, with a total supply capped at 270 million. The token’s utility extends beyond transactions; it enables holders to participate in governance decisions, influencing the game’s development and future updates. This is why AXS is a potential NFT token to consider for 2025.
4. Blur (BLUR)
Blur (BLUR) is the native governance token of Blur, an NFT marketplace and aggregator on the Ethereum blockchain. The platform offers advanced features like real-time price feeds, portfolio management, and multi-marketplace NFT comparisons, catering primarily to professional NFT traders.
BLUR tokens empower holders to participate in the platform’s governance, influencing decisions such as setting protocol fee rates and issuing treasury grants. This decentralized approach ensures that the community has a significant role in the platform’s development and future direction.
The token is deeply integrated into the NFT ecosystem, facilitating transactions and rewarding user engagement. For instance, Blur has implemented airdrop programs distributing BLUR tokens to active traders and platform users, incentivizing participation and loyalty.
As of December 2024, BLUR has a circulating supply of approximately 2.1 billion tokens, with a maximum supply capped at three billion. The token distribution includes allocations for community incentives, core contributors, investors, and advisors, structured to promote sustainable growth and ecosystem development.
5. Magic Eden (ME)
Magic Eden’s ME token, launched on December 10, 2024, serves as the native utility and governance token for the Magic Eden ecosystem, a leading multi-chain NFT marketplace. The token has a total supply of 1 billion, with 12.5% allocated for an airdrop to reward active users.
ME tokens are integral to the platform’s operations, enabling holders to participate in governance decisions, stake for rewards, and access exclusive features within the marketplace. This integration fosters a decentralized environment where users have a direct influence on the platform’s development and direction.
The ME token is closely associated with NFTs, as it enables transactions and interactions within Magic Eden’s marketplace, which supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. By utilizing ME tokens, users can seamlessly buy, sell, and trade NFTs across these networks, enhancing liquidity and user engagement.
Although the ME token has dropped 60% from its launch price in 24 hours, it was expected. As the token was airdropped, it was likely to go through a liquidation cycle. However, it looks like a cool-off period has been achieved, and Magin Eden can potentially go through a bullish cycle if engagement remains consistent. So, it’s definitely one to watch for 2025.
Final thoughts
Investing in NFT tokens in 2025 requires careful consideration due to the volatile nature of both the cryptocurrency and NFT markets. Prices can fluctuate rapidly based on market trends, platform performance, and broader economic factors, making them high-risk assets. Regulatory scrutiny is increasing, and changes in legal frameworks could impact token utility and market dynamics.
Additionally, while some tokens may show promise due to their association with popular platforms or innovative use cases, not all projects will succeed in the long term. Conduct thorough research, evaluate the underlying technology and tokenomics, and avoid speculative investments driven by hype. Diversifying your portfolio and understanding the risks involved are critical steps to navigating this emerging space responsibly.
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01.
Are NFTs still profitable?
The profitability of NFTs has significantly declined since their peak in 2021. By October 2022, NFT sales had plummeted by roughly 90%, and many collections lost substantial value. As of 2024, the market continues to face challenges, with reports indicating that over 95% of NFT collections have zero monetary value. While some NFTs may still yield profits, the market is highly volatile and speculative.
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02.
Should I invest in NFT tokens?
Investing in NFT tokens carries significant risks due to market volatility, regulatory uncertainties, and the speculative nature of the assets. It’s crucial to conduct thorough research, understand the technology and market dynamics, and be prepared for potential losses. Consulting with financial advisors and considering diversification can help mitigate risks.
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03.
What are NFT tokens?
Non-fungible tokens (NFTs) are unique digital assets recorded on a blockchain, certifying ownership and authenticity of items like art, music, or videos. Unlike cryptocurrencies such as Bitcoin, which are fungible and identical in value, each NFT has distinct information making it one-of-a-kind and not directly interchangeable with other tokens.
