The Ether the Merge and the NFT
Ethereum’s transition to Proof-of-Stake is one event everyone in the industry is anticipating. There are some opportunities that arouse as a cause of this. The developers recently released an update for the “Merge” event.
This is great news for developers and any party interested. There’s a bounty on bugs, and the price for each Head skyrocketed. The bug country program, up to $1,000,000 to be raised for any vulnerabilities or errors found. This may be a nice payday for finding flaws and expanding your developing network to tackle problems. When is this upgrade and what’s it called? The upgrade dubbed Bellatrix and will happen on September 6th, which is not too far away. The expected timeframe for the transition is later in the month on the 20th and as early as the 10th. We will just have to sit right and be a proactive observer. While that’s been going on The Blockchain has been very active in growth. Solana made a huge recent comeback surpassing $1,000,000,000 in an all-time high trading volume! The developer’s dedication to improvement draws the crowds in. Ethereum has the crown for the most popular blockchain for NFTs for several years. Being first gave a Smart contract has its advantages. However, in recent months, Ethereum has been experiencing prohibitively high transaction fees causing users to branch out and find equitable homes for their online Web3 businesses. Solana switching to Metaplex as its main protocol strengthen the chain, developers managed to create a permission-less infrastructure for NFTs. While more than 80% of NFTs are minted out with this. Of course, Ethereum still holds the title for most NFT transactions. However, Solana is quickly catching up. At certain points of this year, Ethereum’s fees have been so high that many users have turned to Solana as an alternative. The Solana community has been steadily growing for over a year now. The company also has the 9th-largest cryptocurrency on the market. The Future is Looking Bright for Solana!
But What in the Metaverse!?
This is a game, and we have to play it! The metaverse has been a highly contested topic lately, with so much venture capital pouring into the future of our internet. There’s been much debate about how the metaverse is going to be and how user experience feedback will result. What will dominate the two on the metaverse will be real estate and video games. This is great news for both types of developers as companies run to create their next P2E game pushing new boundaries. Digital real estate planner's ready new communities, new high-rises in a city trading currency and assets as we do now. Classes, meeting and everything you can imagine will be accessible to the everyday user. Kool8ear is in the video games market, that was valued at $195.65 billion last year and is expected to expand at a compound annual growth rate (CAGR) of 12.9% from 2022 – 2030, as per Grand View Research. Games developers have been working to create and combine a immersive, social platform which empower gamers to build, create, connect and even own. The possibilities are what we create. Furthermore, younger gamers are more likely to play online games to compete with friends, family, and strangers, compared with adult gamers, who tend to play for fun and are more likely to play solo. Different demographics have different needs, a sea of opportunity. The demand for social experiences in the metaverse, like concerts, sporting events, and commerce, will continue to grow as this world continues to expand. But in terms of gaming for Long-term growth will depend on community, that expand beyond the games. Building fun and immersive experiences that are social, multiplatform, and customizable would be a welcoming strategy for the win. So many exciting things happening on the Blockchain, we must do our best to stay informed. So, we can make informed decisions.
Happy Hunting! 🧭 Blockchain Explorers 🧭
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