What’s Kool on the Block?
What’s happenin’ 8ear!?
A Blockchain Rollercoaster!
It’s halftime, and the first two quarters were no joke on the blockchain! Markets are determined in the simplest and purest form of supply and demand. NFTs are valuable to your business and are a tool that can be used to market the business or yourself. But what’s been happening 8ear!? Kool8ear has been on the Blockchain and took a few notes. With the upgrade for Ethereum V2 on the way, solidifying the crowned position amongst competition under Bitcoin looks a solid one. Improving Gas fees unfortunately will not be one of the benefits with the improvements on at the moment. Making Polygon’s low gas fees all the more attractive for new and economic creators and companies to take advantage of.
On the Solana Blockchain recently, platforms and users are mitigating security issues. Once the vulnerabilities where found, the platforms moved quickly to notify users to shift their focus as a solution is found. As Solana became a home for many P2E games, and its recent growth of users and developing projects. There is a lot invested on the network as a whole. For that, many are looking forward to the upcoming solution for Solana. We can expect improvements in the foreseeable future.
Tezos:; has seen an exponential increase in trading volume to break their all-time record last month. The generative art on objkt.com and which is a personal favorite. When it comes to the community of creator’s brokers and buyers, becomes an attraction when first diving in. You won’t regret entering the sea of art flowing on the Tezos network. Open sea, sailing as one of the largest platforms had Trade volume slowed down since July. Even with that market, the NFTs are trading daily through the Blockchain on OpenSea. While Ledger on the other hand, sold out 10,000 NFTs from its roughly 4.8-million-dollar multi-chain collection. Security in this industry is more appealing than ever, it’s no wonder Ledger did well capitalizing on securing the investors through creation of Safe-transaction environment that makes customers and supporters comfortable. Companies are even offering travel loyalty programs with the use of NFTs. Celebrities most recently T-pain, releases “Can I mix you a drink” collection on Crypto.com. A colorful collection showcasing mixed beverages with the nostalgia of the classic hit.
The markets are volatile, which would beg the question? Is crypto dead? Is the NFT rave over? With the infinite possibilities to add utilities to further monetize non-fungible tokens and crypto assets, and the slew of new and seasoned investors to support the industry. Watching more investments towards Blockchain projects and the daily transactions, says otherwise. Ethereum miners outpaced Bitcoin miners this year, reaching 11 billion. Yes, while some decay occurred, new blossoming opportunities are definitely available for future investments. Might be a good idea to make a mine, mine. Just an 8ear perspective.
Happy Hunting! 🧭 Blockchain Explorers 🧭
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