NFT marketplace is being built up by Degrain (DGRN)

by | Aug 5, 2022 | Market, Market News, News | 0 comments

The crypto market has been going through a rough latch for a long time and different types of crypto have had to endure the brunt of it. The bear market that the crypto is currently living through is one of the worst that it has ever experienced in its lifetime. As a result, various cryptocurrencies have hit a new low, reviving from which seems like a tough task to pull off.

It has also in turn affected this who have invested in it or are associated with it as their portfolios have also taken a major hit as a result of the downfall. Their search for new crypto coins that would help them get back their suffered financial losses, has also proved to be in vain.

Investors of Shiba Inu in search of an alternative

As mentioned above, the major Crashdown has left investors lurking in the dark about each of the savior crypto coins. The Ship, which is a native coin of the Shiba Inu, is quite similar to that of a Dogecoin, but it derives its name from the Japanese dog of the same name. Even though both of these coins have some similarities, Shiba Inu states that it is a better and improved version of Dogecoins.

The whole idea behind the Shiba Inu creators was to offer a place for dog-inspired creators, who can feel a sense of belongingness. It has often been referred to as the “artistic Shiba movement” by the creators. It also states that it is not devoid of value like Dogecoin and that it has a vision of making some serious developments in the crypto ecosystem shortly.

In the year 2021, the coin fell as low as 50% which was the lowest it had ever witnessed. However, it soon managed to get back to its former glory and achieved new heights that had never been achieved by any other crypto coin ever. It made a surprising recovery and touched new heights that left everyone surprised and in awe of the progress it had shown.

The game-changing VET project

The Vechain that works on a public blockchain that is referred to as VechainThor works in a similar fashion that any other public blockchain works. It is known for extending its support to smart contracts and can even be used as a great option for companies for the Toolchain feature it offers. It has numerous advantages as well because each transaction made on it can perform multiple tasks.

The VET can also be easily stored on the Vechain wallet and can even be simply downloaded on iOS as well s Android. It has proven to be an effective and efficient method. Its effectiveness and efficiency have also been tested and verified by different companies who have conducted studies on it and have used it.

The impact of Degrain (DGRN) on the NFT marketplace

Since its introduction, this new tool has brought about new waves of change in the crypto ecosystem. It has established a cross-chain MFT marketplace which would be a first of its kind. After the success that the NFT marketplace has been experiencing in recent times, investors have shown an eager interest in investing in the NFT marketplace.

Those users who access the platform for the buying or selling of NFT shall earn DGRN tokens. It has been said that the team hall also golds its liquidity for almost ten years. It also proposes to lock their team tokens and in the meanwhile get the smart contract audited. It is done so because the pass appears to be a safer investment for the holders.