The world of NFT investing is about to change forever with the introduction of traditional financial services coupled with NFT technology. Chainlink (LINK) is bringing a new protocol that will allow users to lend their NFTs thus increasing their utility and acceptability.
Bitcoin (BTC) blockchain is gaining steam in the NFT markets like Blur and OpenSea as creators, artists and NFT enthusiasts/investors turn to Bitcoin (BTC) ordinals as the latest big thing. Elsewhere, Sparklo is shaking up the precious metals industry with a protocol that uses fractionalized NFTs to ensure smooth investments in precious metals.
Chainlink (LINK) is Set to Add NFT Lending to the Market
There have been a lot of things that one can do with an NFT, but borrowing it out was never on the menu. Thanks to plans by the Chainlink (LINK) blockchain, NFT owners could borrow their digital tokens in exchange for money. Chainlink (LINK) knows that NFT lending and borrowing are essential for the game-fi NFT industry – users can borrow their NFTs, including game characters and landscapes. Lending and borrowing out NFTs would need a framework to keep the industry regulated.
Chainlink (LINK) lenders will be able to give secure loans and informal uncollateralized loans. The success of secured loans will depend on Chainlink’s (LINK) smart contracts, and the formal agreement signed with the success of uncollateralized NFT loans will depend on how much trust the lender has in the borrower. Chainlink (LINK) is making serious moves to make NFT lending a serious part of the decentralized finance world.
Bitcoin (BTC) Ordinals has Become the Latest Market Favorite
Bitcoin (BTC) becomes the latest blockchain to integrate NFT through a technology called Ordinals. Bitcoin (BTC) ordinals allow users to engrave NFTs onto them. They were first launched in Mid December 2022, but their popularity skyrocketed around the start of 2-23. According to Dune Analytics, nearly 650,000 Bitcoin (BTC) ordinals have been inscribed since the program’s launch. Unlike traditional NFTs, Bitcoin (BTC) NFTs will always be stored on the blockchain.
Sparklo (SPRK) Launches NFT for Investing in Precious Metals
Investing in precious metals had several difficulties until the Sparklo was created. Sparklo offers investors a way to invest in these rare and precious metals without the usual problems of needing high capital and paying exorbitant maintenance fees. With Sparklo, users don’t have to worry about these issues. Firstly, the precious metals are held in special storage on behalf of Sparklo users meaning they don’t have to worry about maintenance.
Another advantage is that Sparklo allows fractionalized NFTs, enabling users to buy any amount of precious metals offered by the Sparklo investing platform. For instance, instead of buying a whole bar of gold, investors can buy any percentage, and that amount would be represented by NFTs.
Sparklo is a unique investment opportunity for blockchain users because the precious metals industry is one of the most sought-after, especially when investors want to protect their wealth. Thus making it a great investment destination for its customers. In addition, users can redeem their NFTs for cash or sell their NFT portfolio to others. This flexibility gives users greater control of their investment portfolio.
The best part is that the Sparklo seems to be an excellent investment, but it’s still priced at a very cheap rate of only $0.015 making now the best time for many investors to get in on an exciting financial opportunity. To know more about the Sparklo presale, check the following links.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
