Launch of a new protocol of interest to Chiliz and Fantom Holders » CoinFunda

Launch of a new protocol of interest to Chiliz and Fantom Holders » CoinFunda

The new NFT protocol has caught the interest of cryptocurrency holders, especially Fantom (FTM) and Chiliz (CHZ). These two cryptocurrencies are unique and stand out in the market which is why they have attracted many investors. But the owners of these two digital assets seem curious about what the social media company Meta, formerly known as Facebook, has recently launched.

On July 1, 2022, Meta’s Product Manager, Navdeep Singh, announced the launch of the company’s new feature – the option to display a user’s NFT on its website dashboard. By integrating NFTs into the platform, it would create a link between digital wallets and Facebook profiles. Social media giant Facebook currently has 1.93 billion users per dayand this would encourage all its users to engage with NFT posts – very similar to how they already post photos and videos, comment, like, react and share.

Meta’s announcement was made in parallel with the release of a new protocol – Degrain (DGRN). Degrain is the latest innovation in digital protocols and a long-awaited revolutionary token. It will be the world’s first decentralized multi-chain NFT platform that will allow users to trade their NFTs between different blockchain networks. Investors were not shy about showing their enthusiasm as 11 million tokens were sold in the first 60 seconds of the market opening.

Degrain has many attractive features that users will enjoy, such as offering rewards to buyers and traders of their NFTs, paying royalties for future resale, and charging less trading fees compared to other NFT platforms. Another exciting feature is the creation of NFT communities, making it an effective marketing tool for real-world companies that see the potential of such innovation.

Parties that definitely show signs of interest in Degrain are the owners of Chiliz and Fantom. Chiliz is the leading blockchain-based digital currency in the sports industry. Chiliz owners can buy fan tokens of their favorite teams and gain access to special privileges, such as meet and greets with players or winning unique apparel such as a signed jersey/kit. Chiliz, through fan tokens, provides users with a unique experience that was not possible before the development of these digital assets.

Investors who own Chiliz understand the value it brings to its owners and how it can increase engagement between fans and teams. For the same reason, Chiliz owners are interested in Degrain because it also has the potential to increase engagement between billions of people on different blockchain networks.

Phantom is one of the most popular blockchains based on smart contracts on the market. It offers a way to set up smart contracts and can process them extremely efficiently – thousands of transactions per second. While Fantom aims to ensure compatibility for all global transactions, Degrain already claims to allow users to trade their NFTs between different blockchain networks. Perhaps that’s why Phantom owners are now looking toward Degrain.

The crypto market is an ever-evolving industry with new innovations keeping investors on their toes. With a new protocol currently on the market, Degrain, investors are keeping an eye on it and are expected to dive in, especially those who have already invested in Fantom and Chiliz.

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