Future of NFT’s trade: insight from Chainlink (link)
The world of cryptocurrency and non -blurred tokens (NFT) is developing rapidly, with new opportunities every day. One of the areas that receives considerable attention is the intersection of blockchain technology and NFT trade. In this article, we explore the future of NFT’s trade using Chainlink (Link), using the leading decentralized Oracle network.
What are nft?
NFTs, which are short for non-blurred tokens, are unique digital devices that represent ownership and origin. Whatever they can be from art and collectable objects to within -game objects and even to real estate. In the context of cryptocurrency, the NFTS is a new limit where investors can buy, sell and trade unique digital devices.
Current position for NDF trade
The NFT trade has grown rapidly last year with some remarkable milestones:
- The total value of all NFT market combinations in 2021 reached $ 3.2 billion (Source: Defi Lama)
- Significant sales in the 10 most popular NFT markets, from 4% in 2020 to 20% in 2021 (source: nonfungible.com)
- The number of NFTs trading on popular platform such as Opensea and Ritible has increased exponentially
Chainlink (link) – decentralized oracle network
One of the main players in the NFT trading space is Chainlink, a decentralized Oracle network that allows for quick and reliable data for smart contracts. The link to the Chainlink platform is a native cryptocurrency and offers many key benefits:
* Speed : Chainlink Oracles provides real-time data transmission from external APIs, providing lightning fast transactions.
* Reliability : The Chainlink network is decentralized and censorship resistant, reducing rely on central authorities.
* Safety : Chainlink Oracle networks are used using safe technologies such as homomorphic encryption (HE) and multi-sig wallets.
Insight from Chainlink
Chainlink was at the forefront of the NDF trade place with insights that have a far-reaching impact on the industry. Some of the key to take away from the following:
* NFT Liquidity : Increasing demand for NFTK has created high demand for liquidity service providers who can provide market data and prices for smart contracts.
* Optimization of Intelligent Contract
: Chainlink Oracle Networks allows developers to optimize their intelligent contracts for better performance, reducing transaction fees and improving the user experience.
* Regulatory clarity : As the NFT industry continues to grow, regulatory clarity is essential. The insight of Chainlink highlights the importance of establishing clear guidelines and standards for the NDP trade.
Future for NDF trade
As we move on in the world of cryptocurrencies and blockchain technology, the future of the NDF trade is bright. Since the core of the chainlink, we will probably see:
* Increased adoption : As more and more people are aware of the benefits of the NFTs and the potential of Chainlink, adoption will increase.
* Improved data channels : Development of new Oracle Networks, such as AAVE OTC Oracle, improves data channels speed and reliability for smart contracts.
* Increased Safety
: The use of safe technologies such as he and multi-sig wallets further reduces the risk of hacking and other computer threats.
In summary: Chainlink (link) leader in the NFT trading space, providing fast, reliable and secure data for smart contracts. As we continue to explore new opportunities in this emerging industry, it is clear that the link plays a vital role in developing the future of the NDP trade.