Future NFT Trading: Insights from the chain (link)
The world of cryptocurrency and not free tokens (NFTS) develops quickly, and new possibilities appear every day. One of the areas that attracted significant attention is the cutting of blockchain and NFT trade technology. In this article, we will examine the future of NFT trade using a chain (link), a leading decentralized Oracle network.
** What are NFT?
NFTS, an abbreviation of not free tokens, are unique digital resources that represent property and origin. These can be everything from art and collector’s items to items in the game and even real estate. In the context of cryptocurrency, NFT are a new border in which investors can buy, sell and trade unique digital resources.
current state of trade NFT
Over the past year, NFT trade is growing rapidly, with some significant milestones:
- The total value of all connected NFT markets reached $ 3.2 billion in 2021 (Source: DEFI LAMA)
- The 10 best NFT markets have been recorded a significant increase in sales, from 4% in 2020 to 20% in 2021 (source: nonfungible.com)
- The number of NFT traded on popular platforms, such as OpenSea and Ribble, has increased exponentially
Chain (link) – decentralized Oracle network
One of the main players in the NFT commercial space is a chain, a decentralized Oracle network, which allows quick and reliable data channels intelligent contracts. Link is a native cryptocurrency of the chain platform and offers serious key benefits:
* Speed
: Chain oracles are provided by real -time data channels from external API interfaces, providing instant transactions.
* Reliability : The chain connection network has been designed as decentralized and resistant to censorship, reducing relying on central authorities.
* Security
: Oracle Link networks are built using safe technologies, such as homomorphic encryption (he) and wallets with many SIG.
observations from the chain
Link Link was at the forefront of the NFT commercial space, with insights that have far -reaching implications for the industry. Some key results include:
* NFT liquidity : The growing demand for NFTS caused high demand for liquidity suppliers who can provide data and prices to intelligent contracts.
* Intelligent contract optimization : Oracle Networks from LINK allows programmers to optimize smart contracts to obtain better performance, reduce fees for transactions and improving the user’s experience.
* Adjusting brightness : As the NFT industry increases, regulatory transparency will be necessary. Mainlink observations emphasize the importance of establishing bright guidelines and NFT trade standards.
Future of NFT trade
When we go forward in the world of cryptocurrency and blockchain technology, the future of NFT trade is clear. With a chain chain, it is likely that we will see:
* Increased adoption : As more and more people are aware of the benefits of NFT and the potential of the chain link, the adoption will increase.
* Improved data channels : Developing new Oracle networks, such as Oracle Aave, will increase the speed and reliability of data channels to intelligent contracts.
* Improved security : Using safe technologies, such as he and wallets with many SIGs, will further reduce the risk of hacking and other cyber threats.
To sum up, the chain (link) is a leading player in the NFT commercial space, providing fast, reliable and secure data channels for intelligent contracts. Continuing to discover new opportunities in this developing industry, it is clear that the link plays an important role in shaping the future of NFT trade.