Parody Coin to launch its own NFT marketplace. It’s ready to compete with Solana (SOL) and Axies Infinity (AXS).
You must have been hearing a lot of the term NFT, if you are just hearing about it then you’ve probably been in outer space for the past 7 years. NFTs have become a hot topic all over the world in just under 2 years. It’s basically pictures of anything, selling for a lot of money.
Its promotion can be seen on social media sites like Twitter and YouTube. There, you see those that are either bragging about it or shooting down a particular brand. There are two cryptos that have pounced on the opportunity to become a part of the NFT business, Solana (SOL) and Axie Infinity (AXS). These two cryptos have seen a huge rise in their value since they became part of the NFT business. One of the projects that looks like it’s about to join this bandwagon is Parody Coin (PARO). This new token has announced its plans to start its own NFT marketplace. Let’s analyze it all!
Solana (SOL) has a very special selling point and that’s its speed of transaction. It’s said to comfortably handle over 50,000 transactions per second. This is huge when you compare it to Bitcoins (BTC) 7 per second. Solana (SOL) can also easily host decentralized applications and has shown its efficiency in hosting initiatives like Defi and NFTs.
One of the main issues NFTs are facing now is basically their gas fees, especially those charged on Ethereum (ETH). Solana (SOL) has so far gotten itself a vast number of users because of its quick speed and very small fees. With the Solana network, NFTs can be created in masses at very small rates, meaning that traders can buy and sell without having to worry about the NFT gas so much.
Axie Infinity (AXS)
Axie Infinity (AXS) came out as one of those new blockchain-based metaverse games where users can go and make real money as they play. Before you can start playing on the platform, you have to actually buy three unique Axis (NFTs). With them, you can fight other opponents in the game as you wish. You can also trade your Axies with the other players in the game and even go on and breed your Axies in a bid to get future Axies that can be sold.
When playing Axie Infinity (AXS), you earn a currency called the Smooth Love Potion. It’s quite different from the token, AXS. This Smooth Love Potion however can be traded for other different currencies including USD and Pounds.
2021 saw the rise of many good cryptos, but Axie Infinity (AXS) stands out as one of the best in terms of performance. As a matter of fact, the game was already becoming very popular before the announcement of Meta.
Parody Coin (PARO)
Since Parody Coin (PARO) entered its early presale stages, it has been able to cause quite a buzz. Parody Coin (PARO) allows its users to become investors in a number of ways.
This means that owners of the coin can earn a different type of passive income in different ways. One of the ways is to create parodies and sell them on its new NFT marketplace. These parodies are of popular NFTs in the market already. Another good way is to share your PARO tokens so as to get extra rewards here. You can also get some more Parody Coin (PARO) by just holding the coin for a very long time. This is because the community airdrops extra funds into your wallets, weekly.
With Parody Swap, users can easily swap any crypto they want for PARO, anytime.