Sync Network Combines DeFi & NFTs to Create Real Use-Cases for NFT Users
At this point, non-fungible tokens, popularly known as NFTs, need no introduction. A by-product of blockchain technology, these digital collectibles have seemingly established themselves as digital diamonds and created immense new opportunities in industries like art, entertainment, and gaming. However, while NFT sales are skyrocketing, financial experts from across the globe are still debating whether these digital collectibles have any use-cases at all. To their satisfaction, most NFT projects too haven’t yet been able to present any use-cases for the “JPEGs”. But the SYNC Network is....
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The DeFi and NFT platform, SYNC Network, recently announced the launch of peer-to-peer lending on its platform to offer heightened security to lenders. SYNC, the Ethereum-based platform, aims to mitigate risk and bring stability to the DeFi space with the help of time-locked, reward-generating NFTs called CryptoBonds. To put this into perspective, the value of […]
Metabloqs has announced the debut of its Metaverse project. Metabloqs Announces the Launch of Its Metaverse Project built on @XinFin_Official https://t.co/7q5vsEzM6f#Metabloqs #MetaCity #Metaverse — Metabloqs (@metabloqs) March 4, 2022 The evolution of the digital environment into metaverses has been a headline topic for the past several months, so much so that popular social media platform, Facebook, changed its name to Meta in solidarity with change. A metaverse is a digital reality that combines social media, augmented reality (AR) and virtual reality (VR) technologies, and crypto....
NFTs present a revolutionary and innovative technology, but their real value has been obscured by hype. It's 2021. Super Bowl champion Tom Brady is starting an NFT company, Christie's is explaining CryptoPunks to everyone, Saturday Night Live is creating jams about NFTs, Beeple and Mark Cuban are advocating NFTs’ use case — yet, here I am, the CEO of a company that helps users securely store their nonfungible tokens and I still think the actual value of NFTs is to be decided. It's important to back up and remember that, although it seems like we have all always known about NFTs, the....
Crypto was born from the desire to create a better, more equitable financial system built atop of an infrastructure that’s inclusive, and accessible to anyone, no matter who they are or where they live. Since the introduction of Bitcoin in 2009, the cryptocurrency industry has matured far beyond its original concept as a medium of exchange, spawning countless new use cases. Decentralized finance, as these new use cases have collectively become known, refers to a range of financial services that can be accessed by anyone without the involvement of a centralized institution or intermediary,....
Non-Fungible Tokens (NFTs) have taken over the web3 space. Their popularity is second to none, as web3 enthusiasts have created an industry that has taken the world by storm. Use-cases have shifted from purely digital art marketplaces to certificates and even yield earnings. Digital art still dominates NFT uses. That will change. The Decentralized Finance (DeFi) space has figured out that NFTs have many product use-cases within the industry. NFTs get used as assets on several DeFi platforms. Before now, fungible tokens, stablecoins, and other digital assets reigned supreme. The entrée of....