With the meteoric rise of the Defis and NFTs in the metaverse, there has been a tremendous rush to cater to and provide the best environments and services for this ever-growing branch of cyber business, the ethereum blockchain. And yes, all of that, as we try to entertain the users too.
Let's go to the bustling side of the internet, where the formidable ongoing potential of NFT's and other platforms are working to contribute to this burgeoning market. Let's look into some of these services that may potentially become permanent niches today and in our very near future.
This platform is one of those decentralized exchange protocols that rose to the top of the heap by innovating better ease-of-use and functionality. Uniswap has become a one-stop shop for exchanging ERC 20 tokens with just a few clicks in a much safer environment. No need to worry about phishing, KYC, or undergoing rigorous "know your customer" procedures.
Its new system can run autonomous on-chain transactions at an even lesser cost. The Uniswap Ecosystem allows developers, liquidity providers, and traders to work together in what is today's probably biggest decentralized exchange site. Its total trade volume is already at $386 billion, with an unlimited number of users at 1.5 million. It's a definite candidate to becoming the standard in future DEX's
Predominantly a Chinese cryptocurrency site, BitKan has a strong following that uses Ethereum-based Kan tokens. The creators and owners emphasize community cooperation among their followers. BitKan is an All-in-One Digital Asset Investment Platform that caters to markets, the community, the news. Aggregate Trading and Multi-Chain wallets both in China and the rest of the world.
Besides having access to hundreds of trading platforms globally, BitKan provides a host of other adjunct services like real-time info on prices, Currency, K-Line charts, and many others. With more than 5 million users from more than 170 countries, this giant has also achieved cooperation with 70 International media. It has gained exposure to more than 300 news updates on a daily basis.
A system that is an integrated market trying to serve every need of the user while wielding much media influence truly adds to its potential for growth and stability. The wise investor may want to get on board with this company as soon as possible.
This marketplace serves mostly the buying and selling of art assets and virtual collectibles. Right away, on the landing page is an endless scroll-down album of non-fungible art collectibles and virtual characters displayed in digital glass cases. Note that, Rarible also pioneered the launch of a governance crypto token in the NFT sphere.
This site also offers a simple NFT minting process that requires little to no coding skills. This feature is especially attractive for artists and creators who have no coding experience but want to join. The no-middleman buy and sell process allows trading to happen with just a smart contract registered on a blockchain ledger. As a result, the user can enjoy transparency and security throughout the entire procedure.
The advantage of using Rarible includes community governance that will soon be, or may already have been converted to DAO or Decentralized Autonomous Organization. It is still open source and has a solid investor base. It is user-friendly too for those who specialize in digital art.
Sporting the IMX, an ERC-20 utility token, Immutable X is an amped-up next-generation protocol that significantly accelerates confirmation and the approval of NFTs. It is the first-ever layer-2 scaling remedy for NFTs on Ethereum. It facilitates quick trade recognition, extensive scalability of up to 9,000+ trades per second, all done without compromising custody. It even has no gas fees and so much more.
The Immutable X layer 2 solution is an additional protocol that rides on the back of the blockchain. It keeps decentralization and security consistent while increasing overall throughput. All the user has to do is follow three simple steps to earn IMX tokens: trade, gain points through activity and receive regular IMX rewards as appropriate.
This app is set to become the go-to site for instant trades, zero gas fees, and being able to build your NFT business in just a few hours with the tools they provide.
Minterest is a lending protocol that provides a gateway or avenue for individuals or companies to acquire financial services. It is a desirable choice for users, corporate or otherwise. In it, you can request short-term crowdfunding financial assistance. It charges 15% on the interest earned and has a lower default rate. No long-term investments are offered, by the way.
MInterest claims to be reliable when it comes to auditing, of which it focuses on asset security to ensure long-term yield for any investor who joins. It has a user-friendly interface that provides the necessary tools to make crucial assessments about the requestor's portfolio and risk/reward potential. With all these available, the investor can make confident and well-informed decisions.
Their straightforward approach holds a promising future for any investor since they aim to cater to all financial institutions and even in real estate classes.
Swarm's primary goal is to create a decentralized storage and communication system that puts back data control in the hands of its rightful owner. It seeks to "redecentralize" the internet. It makes use of a peer-to-peer system of nodes that is economically self-sufficient because of its built-in incentive structure run by smart contracts on the Ethereum chain.
The not-so-secret component of its success is being resilient through redundancy. It lessens, if not eliminates, connectivity issues. It also makes the system impervious to targeted DDoS attacks. The idea of being able to regain control of your data and keep it safe will always be a contention today and even in the future. Swarm is proposing the ultimate solution to that.
KnownOrigin is a platform that caters to artists and digital creators. This site exists to solve the problem of authentication and provide the avenue for a reliable and legit marketplace in selling rare digital artwork and other collectibles. This site uses the power of the Ethereum blockchain to keep the integrity of valuable digital resources in the art world.
It aims to solidify proof of ownership, authenticity, provenance, and reduction of forgery. It showcases and sells artwork unhindered, bound only by smart contracts that directs the commissions straight to the blockchain. Artists and collectors may now make and own rare assets in the stable and reliable environment of the blockchain marketplace.
The future will belong to the quick and the bold for these companies that are right at the frontier of a new era. We are currently seeing the lines between the real world and the metaverse that are slowly being fused to enhance our digital lives. That sounds pretty exciting.