The future of NFT trading: insights from Chainlink (link)
While the world of digital art, collectibles and games continue to evolve at the speed of interruption, a technology has emerged as a turning point in the blockchain space: cryptocurrency. In particular, the NFT (non -fixable token) have become increasingly popular, with many artists, collectors and players who heavily invest in these unique digital resources. But what reserves the future for NFT Trading and in what way Chainlink, a leading data service provider for the Blockchain industry, will be at the forefront of this revolution?
What are NFT?
The NFT are unique digital token representing the property of an article or a specific resource in a digital world. Unlike traditional cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), which can be used to buy goods and services, the NFTs are exclusive for their original owner and cannot be exchanged with other activities. This scarcity, combined with the growing demand by collectors and enthusiasts, made the NFT a highly sought -after class of activity.
The rise of NFT trading
While multiple artists, creators and players turn to NFT as a way to monetize their digital content, the market has exploded in recent years. According to a report by Deloitte, the global value of the NFT has reached $ 10 billion in 2021, with estimates that foresee that it will reach $ 50 billion by 2022.
NFT trading platforms have also proliferated, offering users a series of tools and services to buy, sell and manage their NFT wallets. These platforms often include functionality such as market data, analysis and liquidity pool to help traders navigate the world of NFT.
Chainlink: a leading service provider
Chainlink (link) is one of the most important players in the Blockchain space, known for its innovative data services that allow intelligent contracts on the Ethereum network. As supplier leader of the real world data services, Chainlink has been at the forefront of many important projects, including decentralized finance (Defi), games and cryptocurrency trade.
Insights from Chainlink
In an interview with CoinTelegraph, Chainlink CEO, Brian Armstrong, provided some fascinating intuitions on the future of NFT trading:
“While the NFT are a new class of activity, they don’t go anywhere,” said Armstrong. “We are already witnessing the traction on the market, in particular between artists and collectors who want to have exclusive digital resources. Our data services have been fundamental to help these users build their wallets.”
Armstrong also stressed that Chainlink undertakes to expand his skills to support NFT trading, with plans to integrate the real world data in our platform.
Advantages of NFT Blockchain Trading
So what does the future of NFT trading from traditional markets distinguish? According to Deloitte’s experts:
“The NFT platforms based in Blockchain offer a series of advantages, including greater safety, transparency and efficiency. These platforms also allow more accurate evaluation metrics, which can help investors make better decisions on their wallets.”
COMPANY ABLE
While the future of NFT trading seems bright, there are still challenges to overcome. A great obstacle is regulatory uncertainty, since governments around the world continue to face how to classify and regulate digital resources.
Another challenge lies in scalability, since the NFT have shown that they are a complex and expensive class of activity to do. However, Chainlink innovative data services can help relieve some of these concerns by providing more efficient and accurate market data.
Conclusion
The future of NFT trading seems incredibly promising, with blockchain technology ready to revolutionize the way we think about property, evaluation and liquidity in digital markets.