Is The NFT Market Still Profitable? The Case Of CashFi (CFI), Solana (SOL) And Waves (WAVES)
Non-fungible tokens were all the hype at the beginning of the year but with the recent concerns for digital currencies and the global economy, are NFTs still making investors money? CashFi news…
Both small investors and big-time investors have openly shared interest in these tokens as the rest of the world joins in on the hype. Non-fungible tokens refer to digital assets of items such as art, play-to-earn games, land and virtual real estate.
The profitable aspect of NFTs comes from the digital ownership that investors acquire when they purchase virtual assets, as these are forever stored on blockchain technology.
CashFi (CFI) Has Come To Revolutionise NFTs
CashFi is a recent addition to the cryptocurrency market and is currently in the presale stage. The project is a next-generation decentralised network and was designed to deliver an ecosystem that is ideal for providing top-tier liquid staking, NFT, and Synthetic Asset services.
Although the CashFi platform offers a variety of investment options, CFI NFTs have been particularly attractive to investors.
NFTs are integrated into the CashFi ecosystem’s framework and have the capacity to create cross-chain NFT marketplaces.
More so, this should allow an opportunity for digital artists and individuals to mint NFTs at a near-zero cost. Investors will also be aided with their NFT auctions as they can open their own NFT marketplace with CashFi.
One of the many benefits of CashFi is that the platform places a special focus on multi-chain operability, as interoperability between blockchains is one of the cornerstones of CashFi’s development.
Solana (SOL) Continues To Be An NFT Giant
Solana was launched into the market in 2017 and continues to be one of the most profitable tokens.
Known popularly in the cryptosphere as ‘Ethereum Killer’, Solana was initially created with the capacity to outperform market-leading blockchains.
According to Solana’s whitepaper, the project is a permissionless and high-speed layer-1 project that supports smart contracts.
Most impressively, Solana has become an investors’ favourite due to its innovative approach to NFTs, as well as rapid near-zero transactions.
Recently, Solana created a $100 million fund that should finance cryptocurrency projects which includes DeFi, gaming, and Non-fungible tokens (NFTs).
But there are plenty of Solana NFT marketplaces that are already making investors a lot of profit. These marketplaces support specific collections, low fees, communities and the tools available for creators, buyers and sellers.
Solana’s governance and utility token is SOL. The token had one of the best presales to date and if you invested $100 during the presale, you could have hundreds of thousands today.
Waves (WAVES) Offers The Best Decentralised Assets
Launched in June 2016, Waves has rapidly become a prefered alternative to Ethereum.
Waves is a community-based multi-purpose blockchain project that accommodates a stack of decentralised open-source technologies and intends to build scalable, user-friendly decentralised applications (dApps) and smart contracts.
Similarly to CashFi, the platform is big on multi-chain features and successfully bridges to other ecosystems for easy interoperability.
More so, Waves supports a world of NFTs which also include metaverse gaming and in-game non-fungible tokens. For example, Waves Ducks is a metaverse game that focuses on collectable digital duck images in the NFT format on the Wave platform.
The native token of the waves blockchain is WAVES. The token has been very profitable since the current trading price is still off by approximately 80% from its peak price of $62.32 in March.
Although Solana and Waves have recently become the preferred blockchains for NFTs, CashFi has been attracting the attention of many investors and this is your opportunity to invest.
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