The future of cryptocurrency: knowledge from Chainlink (link) and market feeling
While the world of cryptocurrency is developing, a concept has recently attracted considerable attention: non-deficient tokens (NFTS). These unique digital assets have aroused curiosity among investors, enthusiasts and even in the mainstream media. In this article, we will deal with the current state of the NFTS, investigate knowledge of Chainlink (link), a leading provider of cryptocurrency infrastructures, and analyze the market mood in order to better understand the future of this emerging asset class.
What are NFTS?
NFTS that are short for non-macellosis tokens are digital assets that are stored on a blockchain and can be uniquely identified by their cryptographic hash. In contrast to conventional cryptocurrencies such as Bitcoin (BTC), which have identical code, NFTS offer clear property and origin. You can represent everything, from art and collector’s pieces to elements in the game and even virtual real estate.
The rise of NFTS
NFTS has been around since 2014, but its popularity has increased in recent years due to the progress in blockchain technology, the rise of decentralized marketplaces (e.g. Openea) and the growing interest in art, music and collector’s pieces. During the « NFT boom » in 2021, the value of NFTS shot up with many remarkable examples such as the Peeple’s « Everyds: The first 5000 days » of over 69 million dollars.
chain link (link)
As a leading cryptocurrency infrastructure provider, Chainlink is well positioned to play a crucial role in the NFT ecosystem. With its innovative technology and partnerships with top blockchain platforms such as Ethereum (ETH), Polkadot (DOT) and Binance Smart Chain (BSC), Link offers real data for decentralized applications (DAPPS). Here are some important knowledge of Chainlink into the future of NFTS:
- Scalability
: The technology of Chainlink enables seamless interaction between blockchain networks and ensures that NFT marketplaces can cope with large transactions volumes without significant scalability problems.
- Data integrity : Link’s data review and validation functions ensure the authenticity and lack of NFTS, which gives investors trust in the value of these unique digital assets.
- Market monitoring : The real-time data feeds from Chainlink enable market participants to monitor market trends, liquidity and mood so that they can make well-founded trading decisions.
Market feeling
Investigation towards cryptocurrencies, including NFTs, is currently optimistic. According to a recent survey by CoinmarketCap:
- 70% of those surveyed
believe that NFTS have the potential to achieve new levels of values.
- 45% The investor expect that the NFT prices will increase considerably next year.
The same survey also showed that 75% of the respondents want to learn more about NFTs, whereby the most important reasons are:
- Investment options : 62%
- Art and collector’s items : 46%
- Community Engagement : 44%
Diploma
The future of cryptocurrency is likely to be shaped by the intersection of blockchain technology, decentralized marketplaces and emerging financial classes such as NFTS. The innovative technology and data infrastructure of Chainlink is well positioned to support the growth of the NFT markets.
Since investor’s mood continues to prefer cryptocurrencies with unique promises such as NFTs, it is likely that we will determine increasing adoption and interest in these assets. Regardless of whether you are an former user or an experienced investor, you can understand the underlying technology and the market trends to inform your decisions and maximize the returns.
Liability exclusion: This article should not be regarded as investment advice. Cryptocurrency markets are very volatile and NFTs are a relatively new asset class.
