Collectibles Go Digital with DigiCol, Multi-functional Infrastructure for the Next Wave of NFT adoption
October 11, 2020 | technology | No Comments
VICTORIA, Seychelles, Oct. 11, 2020 (GLOBE NEWSWIRE) — The hype in Decentralized Finance (DeFi) quickly dissipated as DeFi-related assets recorded sharp reversals in their price. DeFi users that were overleveraged observed their wealth evaporate as the value of their collateral diminished. As DeFi interest subsides, NFT interest has been piqued.
Non-fungible tokens (NFTs) are distinct token types that derive their utility from being diverse and unique from other tokens. Data is suggesting that we are approaching the next wave of NFT adoption.
NFTs can be considered to be digital collectables which are traded and secured on a blockchain infrastructure. They are commonly tied to non-fungible ERC721 tokens on the Ethereum blockchain. Google data shows record-high search volume for the term “NFT”.
DigiCol will provide the infrastructure for the next wave of NFT adoption. NFT users have previously faced stiff technical barriers to creating and using NFTs. It