Decentraland (MANA), ImmutableX (IMX), and Orbeon Protocol (ORBN) Praised as the Top Contenders to Revolutionize NFTs

Decentraland (MANA), ImmutableX (IMX), and Orbeon Protocol (ORBN) Praised as the Top Contenders to Revolutionize NFTs


The post Decentraland (MANA), ImmutableX (IMX), and Orbeon Protocol (ORBN) Praised as the Top Contenders to Revolutionize NFTs appeared first on Coinpedia Fintech News

Non-Fungible Tokens are becoming increasingly popular owing to their ability to enhance the tokenization of real-world objects. NFTs improve the underlying objects’ distribution and security by tokenizing art, music, and other collectibles. Amid the growing focus on NFTs, Decentraland (MANA), ImmutableX (IMX), and Orbeon Protocol (ORBN), the decentralized investment platform that has surged by over 1815% in presale, are some of the projects that provide solid exposure to the burgeoning sector.

Orbeon Protocol Fractionized NFT Stakes

Orbeon Protocol is the latest sensation in uncovering new ways to leverage non-fungible token technology to enhance access to investment opportunities in early startups. It has consequently unveiled a decentralized finance launchpad through which startups and companies looking to raise funds can mint NFTs. Once minted, the NFTs are to be fractionalized to represent equity stakes.

Investors can purchase the equity-backed NFTs for as little as $1, representing ownership of the bigger projects. As a result, the fractionalized equity-backed NFTs will lower the barrier of entry in the crowdfunding sector, which venture capitalists have monopolized for the longest time.

In this case, investors will not need to spend thousands or even millions of dollars to invest in a project but the least amount possible.

While startups can be risky, Orbeon Protocol puts all investment opportunities into a strict vetting process before they can sell any NFTs. Additionally, startups must meet their funding goals before any funds are released. Finally, if they fail, the Fill or Kill mechanism ensures that all the funds are returned to investors.

ORBN, the native token powering the ecosystem, continues to thrive owing to the Orbeon protocol bid to enhance access to investment opportunities. The token offers exclusive access to investment groups and discounts on trading fees on the network. It also acts as a governance token allowing holders to vote on key proposals and decisions on the network. Holders can also generate some passive income by staking some of their ORBN tokens. With this unique potential, ORBN has already risen by over 1815% during presale, with analysts forecasting a further 6000% price increase.

Decentraland Unlocking Value in Virtual Worlds

Decentraland is another open-source project running on the Ethereum blockchain. Decentraland’s primary goal is incentivizing network users, allowing them to interact and unlock value in the shared virtual world.

In the Decentraland metaverse, people can buy and sell digital real estate. Decentraland also allows developers to develop and earn from blockchain games in the virtual world. LAND is the native token powering the Decentraland ecosystem that operates as a non-fungible token, allowing people to own land parcels representing digital assets on the Decentraland network.

ImmutableX Simplifying NFT Creation

ImmutableX is another layer 2 scaling solution sending shockwaves in the web3 gaming world owing to its growing ties with video game retailer GameStop. As an open-source blockchain platform, ImmutableX has moved to simplify the creation of non-fungible tokens while achieving security and scalability.

ImmutableX has also established a platform that ensures. Non-fungible tokens are traded in a decentralized manner secured by the Ethereum blockchain. ImmutableX also offers instant trade confirmation and near-zero gas fees while mining and trading NFTs.

While offering an effective and efficient way of creating and trading NFTs, demand for IMX, the ImmutableX network’s native token, has skyrocketed.

Bottom Line

Non-Fungible Tokens are the latest sensation taking the blockchain sphere by storm. Their ability to tokenize real-world objects continue to fuel investor interest in projects with exposure to the sector. Orbeon Protocol, ImmutableX, and Decentraland are some projects poised to revolutionize the sector and generate significant shareholder value.

Find Out More About The Orbeon Protocol Presale



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