The decentralized finance (DeFi) space has become a very exciting corner of blockchain technology. It is continually growing and might be on its way to its next wave.
Many DeFi projects are now also adopting non-fungible tokens (NFTs), which can store value and prove ownership. According to a report by DappRadar, NFT trading volume had a 533% year-on-year growth during the second quarter of 2022.
As such, established names in crypto like Polkadot (DOT), Fantom (FTM), and Solana (SOL) are carving their positions in the DeFi and NFT spaces. But a new crypto player called Uniglo (GLO) could be shaking things up for them.
Uniglo (GLO)
Uniglo is a new Ethereum-based project that aims to make a name for itself in the DeFi sector and NFT market. It offers an investment opportunity that entails indirect ownership of various assets to be held in the Uniglo Asset Vault.
What is key with this vault is the strategic mix of digital and NFT-related assets handpicked by the community to help withstand fluctuations and bear markets. Uniglo’s main chain does not bind the project to acquire only scarce NFTs. Hence, its principle is having “Everything, Everywhere, all at Once.
Moreover, Uniglo supports value transfers and integrated protocols, and it aims to create a community vault across different chains including Ethereum, Binance Smart Chain, Polygon, and Solana.
Polkadot (DOT)
The Polkadot ecosystem enables cross-blockchain transfers of tokens and various data and assets. The project enables cross-chain communication, protocol integration, value transfers, and many other DeFi functions. Founded in China, Polkadot quickly achieved global adoption. Today, it is listed in major exchanges such as Binance and OKEx. It also has numerous NFT projects including RMRK, Skybreach, and Kanarias.
Fantom (FTM)
Fantom is a highly scalable smart contract platform for the DeFi space. Developers prefer using this platform because of its transaction speed which could be just under two seconds. At the start of 2022, Fantom became the third-largest DeFi protocol by total value locked (TVL)—the TVL for DeFi projects built on Fantom surging 52% during the third week of January. The platform also aims to grow its NFT ecosystem, which at present is still relatively small. The low-cost yet scalable capabilities of Fantom, however, are well suited for an NFT market expansion.
Solana (SOL)
Solana is one of the fastest blockchains in the world and has thousands of DeFi projects. With its high speed, exceptional security, scalability, and low fees, DeFi and NFT projects have flocked to Solana. Its NFT section is particularly gaining traction. Based on the DappRadar report, Solana outperformed all platforms in the second quarter of 2022 in terms of NFT trading volume.
The bottom line
As more practical applications and lucrative opportunities come to light for blockchain, the DeFi space and the NFT market are both becoming exciting spaces for developers, users, and investors. The new crypto gem Uniglo is, therefore, taking on a solid strategy in establishing a corner both in DeFi and NFTs.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
