Watch out for these NFT crypto tokens: Quitriam Finance (QTM), Apecoin (APE) and Decentraland (MANA)

26 April 2022

in NFT

Reading Time: 4 mins read

Many people have reimagined how the financial system works as a result of the rise of cryptocurrencies. These technical developments have become commonplace in society, and a few people have made significant fortunes as a result of their use.

This post will look at three NFT projects to keep an eye on (two that have already launched and one that is currently in pre-sale).

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Quitriam Finance (QTM)

Quitriam Finance (QTM) is a pre-sale project that is working to create a fun ecosystem of mithril mines, furnaces, and forges.

Users within the Quitriam ecosystem can harvest mithril, a virtual resource used to make NFTs and other in-game things like armour and other medieval-inspired equipment that produce revenue and can be traded for QTM, Quitriam Finance’s cryptocurrency.

Quitriam Finance (QTM) goes a step further by attempting to create an all-in-one P2E platform that includes a native decentralised exchange (DEX) called Quitriam Transfer, which allows users to swap tokens without leaving the platform.

The protocol’s native token is the QTM currency. QTM holders will be able to use a one-click interface to access liquidity mining services.

The main product of Quitriam Finance will be a decentralised exchange. The platform’s goal is to help retail consumers get access to yield farming platforms and create a passive money stream through liquidity mining.

The network incorporates a decentralised exchange, Quitriam Finance’s (QTM) environment will function as an incubator for new currency launches and provide liquidity solutions. NFTs will be cross-chain interchangeable.

Quitriam’s goal is to help the decentralised exchange (DEX) business overcome constraints. Most decentralised exchanges now impose large withdrawal fees for liquidity pool tokens, with customers receiving only a portion of the fees.

Quitriam’s decentralised exchange’s compatibility with a variety of chains will allow for rapid swaps between multiple blockchain networks. Quitriam Finance also avoids the difficulty that other Ethereum-based DEXs face because it is a multichain network.

Apecoin (APE)

In March 2022, members of the NFT collection of the Bored Ape Yacht Club received their cryptocurrency, ApeCoin (APE). Within a month of its inception, ApeCoin beat competitors such as Decentraland (MANA), The Sandbox (SAND), and others to become the largest NFT coin in terms of market capitalisation, with a market value of $4.2 billion.

The ERC-20 utility and governance cryptocurrency for the APE ecosystem is APE. It allows for the creation of a decentralised APE community at the forefront of Web 3.0.

The ApeCoin (APE) Decentralised Autonomous Organisation (DAO) manages APE, which is supported by the APE Foundation. APE holders have the ability to vote on DAO governance ideas and gain access to APE-only features such as games, events, and services.

Decentraland (MANA)

Decentraland (MANA) aims to create a virtual common area that is totally owned and controlled by its users.

In a nutshell, Decentraland is a blockchain-based platform that allows users to create augmented reality lands by purchasing, selling, or renting land parcels stored as NFTs on the Ethereum (ETH) blockchain.

Decentraland (MANA) is a decentralised virtual reality platform that allows users to create virtual reality environments, sell content, and earn Decentraland tokens by hosting other users in their virtual reality world.

MANA began trading at $0.024 during its initial coin offering (ICO) and reached an all-time high of $5.90 on November 25, 2021, representing a gain of 24,483 percent. The MANA token has dropped to $2.05. at the time of writing.