DeCo of the future: NFTs become DeFi 2.0
Decentralized commerce has become our present and established its future. The past 2020 is called the year of DeFi, and 2021 already claims to be the year of NFT. Over the past months, the intersection of NFT and DeFi technology has been undeniable, and we are accurate witnesses of this process.
Why has NFT technology got a lot of attention?
There are several reasons for the emphasis on non-fungible tokens:
- NFT has become a convenient and profitable solution in the period of popularization of remote communication methods. This is due to the fact that on the Internet you can sell not only a digital asset, but also digitize real things. Sell them or exchange them and get what you want.
- The debate about the illogicality of some NFT acquisitions has continued throughout the existence of this type of token. The core value of NFT is exclusivity, not online availability. Therefore, many connoisseurs purchase the digital original as well as the physical original of the painting.
- NFTs can act as investments if valuable digital or real assets are tokenized for such tokens. The invested value in a unique token can grow after some time, that’s how the owner or investor earns when he sells the investment to the new owner.
NFT static data now and forecast for the future
The NFT market is changing rapidly, also blockchain infrastructure and technology has undergone significant changes in recent years. However, today there are still many questions: according to what rules can and should the NFT market work and in what areas can non-fungible tokens be used?
NFTs are able to influence not so much the creativity itself, but the related formats of interaction between consumers, distributors and content creators. Thus, NFT is only a “zero” mark in the development of relations between subjects of decentralized commerce.
People are interested in new ways to create collections, to express themselves, so this process will continue. NFT can be applied to many formats of goods and services on digital platforms, including real objects used as digital ownership of this tokenized real product.
DeCo Barter Smartplace + NFT
Considering the history since 2016, the NFT ecosystem is still very young due to complexity of algorithms and legal significance of transactions, but at the same time it is diverse and free for new revolutionary ideas. That is why the merger of Defi and NFT technologies brings a new impetus to the development of the world of cryptocurrencies and expands the audience of users for the entire blockchain industry.
Confluence of technologies has primarily two important components: an increase in liquidity and introduction of new management mechanisms. The increase in liquidity is necessary for the further development of NFT ideas. The technology of crushing NFT tokens for the possibility of purchasing parts of it or fractional ownership of property, in our opinion, is a new step in this area. At the same time, we are developing and building a system for issuing loans in cryptocurrencies and stablecoins against valuable NFTs.
The next couple of years will show how fruitful the process of merging NFT and DeFi technologies will be, and whether it can attract new users to the ecosystem without serious problems for it. At the moment, every step towards a serious increase in users leads to increase in commissions and network congestion. Our team implements its unique ideas for a smart contract system, applying the innovative capabilities of this market.
Two brightest stars in the NFT and DeFi blockchain ecosystem were somewhat isolated from each other until 2020, but became the arena for a large number of projects, innovations and the flow of funds.
Become a member of the Barter Smartplace platform: create, sell, purchase NFT at http://smartplace.barter.company/
For all questions, please contact our chat https://t.me/barterteam
Telegram wallet: http://t.me/barterwalletbot
