CashFi (CFI) Has Plans to Join the NFT Champions Apecoin (APE) and The Sandbox (SAND)
It has already been established that non-fungible tokens (NFTs) are an integral aspect of the blockchain industry and this is evident in the number of people getting involved on a daily basis and as a result, the number of new projects like CashFi in the space being released.
There are several projects that have made a name for themselves one way or the other in this sector like Solana (SOL), Apecoin (APE), Ethereum (ETH) and The Sandbox (SAND) amongst others. However, these veterans might need to adjust to make some space for this new project ready to join and maybe even take over them. CashFi (CFI) is a new crypto platform with some pretty promising additions to this continuously evolving sector of the industry.
OpenSea is Getting a Strong Competitor With CashFi’s NFTs
CashFi (CFI) is an integrated network built on Ethereum (ETH) that will use a qualitative methodology for off-chain cooperation while also enabling on-chain interoperability by adopting an ecosystem of multi-chain Web 3.0 products that have been designed to stimulate global liquidity and allow for seamless value exchange. The platform will use a unique fee-sharing approach to expose its users to a diverse array of asset classes like liquid staking, synthetics and NFTs.
CashFi’s (CFI) NFTs will be integrated into its ecosystem’s framework for creating cross-chain NFT marketplaces. The team realises how the NFT craze has accelerated the adoption of blockchain by the general public, and how it is well on its way to becoming the newest driving force on the planet with use cases being discovered every day in digital art, in-game assets, metaverse accessories, music, real estate among others.
Recognising the benefits of NFTs to peer-to-peer interactions on a global scale, they have plans to establish the CFI NFTs which will provide a next-generation interoperable NFT marketplace that will help to strengthen and promote the ever-growing industry of NFTs.
Through market research, CashFi (CFI) was able to identify certain obstacles to the current NFT market which they listed as limited assets, high gas fees, lack of interoperability and NFT and asset security.
The ecosystem intends to solve all these shortcomings by creating a safe and simple framework that will allow users to create their own versatile NFT marketplaces. The ecosystem will provide all tools that are necessary for users to create their unique NFT marketplaces that will allow users to mint extensible NFTs that can be traded across different blockchains thereby offering cross-chain and cross-platform interoperability.
CashFi’s NFT marketplace framework will enable users to create separate marketplaces for individual artists or for clustered creators who wish to showcase their art together. The team is expecting the ecosystem to take over NFT marketplaces like OpenSea with this unique feature of creating their own marketplaces which they believe is “even easier than setting up a shop in the real world”. The project is currently in its presale phase and its creators have a lot of expectations from it.
Apecoin (APE) is Getting Big in the Crypto World
Apecoin (APE), created only about a couple of months ago, has already made a lot of noise in the crypto world. It is affiliated with the Bored Ape Yacht Club (BAYC) which has been marked as the reason for its quick popularity and massive adoption.
Built on Ethereum’s (ETH) blockchain network, Apecoin (APE) operates on a proof-of-work consensus mechanism. Its creators have mentioned that it’ll be used as a currency on a blockchain game they are developing. The cryptos’ all-time high is $17.17 which it achieved a few days after its release. Being fairly new, there is a lot of space for improvement and growth in this project.
The Sandbox (SAND) Brings Pride Month Into the Metaverse
SAND is the native utility token of The Sandbox ecosystem which is used for all transactions on the network. It is currently ranked in the top 50 cryptos globally.
The Sandbox (SAND) is one of the most popular and most adopted games in the world today and has a market cap of over $1 billion. On the 31st of May, Tuesday, the platform entered into a partnership with People of Crypto Lab (POC) to bring pride month into the metaverse and this will be done in collaboration with NYX Professional makeup.
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