- Polygon has been making moves in the NFT space recently.
- Orbeon Protocol is a new investment platform that will help users to invest in startups, using F-NFTs.
Polygon and STEPN are key players in crypto market, albeit in very different ways. Both projects have seen great success, but their prices have since fallen due to the bear market conditions. Orbeon Protocol also uses NFTs in a novel way, using fractionalised NFTs to represent a share in crypto based projects. Whilst STEPN and Polygon are consolidating, ORBN has recently risen from $0.004 to $0.0302, as it enters stage 3 of its presale.
>>BUY ORBEON TOKENS HERE<<
Polygon’s NFT market adoption increases
Polygon has been making moves in the NFT space recently, with data from Nansen indicating that its NFT market is experiencing significantly increased adoption, unlike Solana’s NFT users per week which is down from approx 160k users in late September to under 60k users as of the time of writing. This is in part due to collaborations with partners like Reddit.
However as yet, it hasn’t increased the bottom line for Polygon as there has been no significant growth in sale volume. Mert Mumtaz, CEO of Helius Labs also pointed out that whilst Solana has been criticised for centralization, Polygon has thousands less validators than Solana, a much lower TPS, and claims it is “100x more centralized.”
Despite these criticisms, Polygon remains a solid choice for investors due to its diverse use cases, thriving NFT market and association with a strong project – Ethereum. Many investors believe Polygon will continue to grow, and with a consistently high trading volume, this is likely to be the case.
STEPN’s initial success with Move to Earn is being challenged by newer games
STEPN, a Solana based project, made waves this year by becoming the first ‘Move to Earn’ project with mass adoption. Cognizant of the need to avoid the broken tokenomics that led to Axie Infinity’s decline, STEPN designed a better thought out system, whilst sticking with the 2 token model, with GMT being a governance token and GST the in-game rewards token for STEPN.
However, according to Dappradar, STEPN users have dropped by 67% over the last quarter, probably due in part to increased competition in the Move to Earn space, with new games like Sweat Economy (SWEAT) offering a similar model, but without needing to buy anything to get started.
Additionally, holders of STEPN may feel concerned when they consider that the top holder of GMT has 5.18 billion GMT tokens, a staggering 86.46% of the GMT’s circulating supply, making it very vulnerable to sell-offs.
>>BUY ORBEON TOKENS HERE<<
Orbeon Protocol’s innovations and ease of use could see a meteoric rise in price
Orbeon Protocol is a new investment platform that will help users to invest in startups, using F-NFTs (fractionalized NFTs). Each investor receives an F-NFT that represents their investment and can be purchased for as low as $1. If the project they have invested in doesn’t meet its funding goal, investors will be automatically refunded using a ‘fill or kill’ mechanism that has been hardcoded into the NFTs via a smart contract.
Orbeon Protocol have also added other innovative features to their platform, including a built-in wallet and on-ramp to help users get their fiat on chain, a dex, and a p2p swap. This diverse ecosystem provides various benefits for startups, like access to quicker fundraising while bypassing the regulatory red tape that has historically slowed fundraising in the VC industry.
These features are aimed to reduce friction for those new to on chain investing, and save time for those already familiar. This is similar to how STEPN’s app was able to get new entrants to the crypto market.
Orbeon Protocol is likely to further disrupt the market due to its ORBN token, which, according to the website, will launch on UniSwap. Holders are eligible for governance rights on the platform, therefore ORBN has already seen a 655% price increase with some analysts predicting a rise to $0.24.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
Credit: Source link