AN INSIGHT INTO THE NFT TECH SYSTEM
NFTs (Non-Fungible Tokens) are rapidly taking over in the digital assets industry, as it has proven to be more efficient, reliable and a better investment tool for users in the cryptocurrency industry.
This digital asset is growing exponentially, due to the numerous benefits that have been discovered in it, and it is even considered to be the new gem, seeing as it has grown from a market capitalization of about $40 million to $380 million just within 2 years, which is quite an impressive performance.
Aside from the fact that this industry is still growing even at a greater pace, it has also opened up the digital asset industry to many, a lot of whom are reputable businessmen and public figures in society, allowing them to invest in, and own digital assets in the form of NFTs.
Irrespective of all the benefits which accompany NFTs, the lack of a liquid marketplace for the trade of these digital assets, stands out as a major problem in the NFT world, seeing as a liquid market is very vital for the efficient performance of any asset, to facilitate its seamless exchange.
This problem persists because the existing NFT marketplace is largely fractured and different platforms that have been created to solve this problem have proven to be ineffective.
To remedy this problem and make the NFT system more beneficial to the general masses, NFT TECH has been created.
WHAT IS NFT TECH?
NFT.Tech is an efficient system that has been created to be a reliable provider of NFT infrastructure, which will help improve the NFT industry and at the same time, unlock more benefits to the users.
One might ask, how does NFT.Tech intend to solve the long-standing problem of the NFT industry; let’s see an answer to that, shall we?
Having understood the bedrock of the problem, NFT.Tech has developed the “NFT Tech Liquidity Engine”, a cutting-edge technology that is considered to be the very first liquidity engine with matching capabilities designed to feature greatly in any NFT marketplace.
HOW IT WORKS
This liquidity engine will play an irreplaceable role in the industry, as it facilitates the creation of a bid-order book in NFT marketplaces that adopts it, to make its exchange easy.
It also encourages market makers’ incentivization by rewarding them when they provide liquidity even at a reduced price, allowing them to purchase NFTs at a low cost.
NFT.Tech also has a valuation calculator which gets valuation data from the existing NFT markets and previous sales, to assist users, especially the new buyers who would like to get reliable data before making an actual purchase decision, hence mitigating the risk of buying non-valuable NFTs.
In addition to the benefits released by NFT.Tech is the staking program which it has made available for market makers, with its APY dependent on the forces of demand and supply.
By staking on the system, market makers can earn a decent amount of returns on their assets, without stress.
The NFT Tech Liquidity Engine can easily be adopted by any marketplace to improve their performance in the exchange of NFTs and give more value to the users.
All these and many more, are the benefits of NFT.Tech to the NFT industry and the digital assets industry at large.
NFT.Tech is indeed a timely system that has all it takes to improve the NFT industry and give the global masses a full taste of its benefits.
Upon its full adoption, NFT will not only be an asset class for the coming years but will also help improve the global economy in a great way.
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