Non-Fungible Tokens (NFTs) Are The Next Big Thing After DeFi
They say the bigger they come, the harder they fall, and DeFi sure fell hard during this market dip. With that, NFTs have suddenly become the next big thing. NFTs are unique tokens that are not interchangeable as a result of their distinctive characteristics. As “one-offs,” the idea of investing in NFTs is gaining ground. […]
Related News
Many are pushing non-fungible tokens (NFTs) as the next big thing in cryptocurrency. While market uncertainty continues to reigns, in particular DeFi markets, which have failed to recapture the levels seen before the recent slump, now is as good a time as any to make a mark. Certainly, Bitcoin bull Anthony Pompliano believes this to […]
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....
Ethereum NFTs have gained the most clout in the crypto space. These NFTs have recorded sales of up to 69.3% for a single piece of artwork. Investors are moving towards owning NFTs as a form of long-term investment in addition to their cryptocurrency holdings. Although other blockchains are coming up where NFTs can be minted, the majority of it still happens on Ethereum. This is why investors have flocked towards non-fungible tokens minted on the blockchain. Its growing popularity has led to some striking similarities with the pattern of holding seen in cryptocurrencies. For example, the....
As the cryptomarkets may see their bull run continue for fungible tokens (aka Bitcoin, Ethereum, etc) in 2021, the asset class of non-fungible tokens (NFTs) will quickly catch up. An extremely interesting development in this asset class coincides with the rise of metaverses, or parallel worlds where people are spending more and more of their […]
Strip Finance, a Collateralised NFT & DeFi Liquidity Protocol, is putting NFTs for better use by collateralising them for stablecoins and providing greater liquidity. A next-generation NFT platform called Strip Finance is making it possible to collateralise Non-Fungible tokens while still maintaining ownership of the assets, taking DeFi and NFTs to a whole new dimension. Created by veteran crypto entrepreneurs, Strip Finance allows users to lend their NFTs for stablecoins allowing them to attain liquidity without selling or leveraging the value of holdings to mint more NFTs. Moreover,....