2022 appears to be another exciting year for the NFT World. Opensea is the most popular marketplace for collectors, having just reached one million active wallets. The marketplace has recently begun a BETA test for Solana (SOL) based NFTs, a huge step for the space. FIREPIN news…
As we move into the era of the Metaverse, most forms of technology will likely begin to move towards NFTs. Chiliz (CHZ) is one of the industry leaders when it comes to sport and entertainment whilst FIREPIN Token (FRPN) has ambitious plans to conquer the crypto gaming markets.
What Is An NFT?
A Non Fungible Token (NFT) is a blockchain-based smart contract that represents ownership of certain digital assets. This encompasses, but is not limited to, art, film, music, and gaming.
What makes it special is that when an NFT is minted, an individual contract is produced and then recorded on the blockchain; this ensures that no two objects are identical and that each item may only have a single owner at a time.
The Solanart NFT marketplace is gaining pace, in part due to the low fees required by Solana. Despite recent performance concerns, SOL continues to handle hundreds of transactions per second. Ethereum, on the other hand, has a maximum transaction rate of about 13 per second.
Solana’s network efficiency is what makes it a go-to choice for NFT creators and buyers. With a reported capacity of about 50,000 transactions per second and prices as low as a fraction of a cent, SOL looks set to be the go-to blockchain for the space.
If Solana can capture a significant chunk of the Ethereum market there is no reason to believe that SOL won’t eventually match Ethereum in terms of market capitalisation and price.
Chiliz is the native currency of the blockchain that powers Socios.com, a website that enables users to purchase “fan tokens” for their favourite sports teams and leagues using CHZ.
Currently, most of the partnerships are with sports teams based in Europe. Some of the most established names that have built fan tokens on the Chiliz blockchain include:
- Manchester City
- Paris St Germain
- Inter Milan
- FC Barcelona
The sports and entertainment industries have long relied heavily on trading cards and memorabilia. CHZ is currently filling a void in the market by bringing this leisure activity online in the form of NFTs.
FIREPIN Token (FRPN)
FIREPIN Token (FRPN) has plans to revolutionise the NFT gaming sector within the Metaverse. The DeFi project states on its website that in the near future there will be a game studio built on the platform. From this, there are plans to produce several crypto games utilising NFTs to enhance the gaming experience.
The presale of FIREPIN Token is about to enter phase two. From here, the price of FRPN is expected to rise by at least another 1000%. This is on top of the 2800% it has already done since the start of the presale. A buzz of excitement surrounds FIREPIN Token. When it officially launches on May 27th, the price of FRPN could be worth 5x more than it is right now, don’t miss out.
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Join Presale: https://presale.firepin.io/register