Dear XANALIA Community,
Non-fungible tokens are going to be the next bull run in the crypto asset market. I believe this is true because we’re already seeing a huge progress from NFT projects. NFTs are now being used by liquidity miners looking for new ways to strengthen digital assets through available decentralized finance and exchange protocols. Liquidity mining is not more than putting cryptocurrency assets into usage by earning a return on the capital devoted.
This possibility kept on drawing in users, and the total value locked in DeFi protocols surged to over $14.23B, growing more than 20 times in the past year.
(Graph: The total value locked in DeFi protocols. Source: NonFungible.com)
Anyhow, the potential gains from liquidity mining highly depend on which protocol you are picking. XANALIA, is one of the best DeFi projects allowing traders to invest in the liquidity pool through PancakeSwap and earn LP token rewards. XANALIA’s protocol is making it one of the leading platforms that grow multiple asset pairs/pools, and where users can stake one asset and yield profit in the underlying multiple assets/pools.
Non-Fungible Tokens Join The Yield Farming Hype
Non-fungible tokens are now being used by yield farmers looking for new ways to leverage digital assets through available DeFi and exchange protocols. So XANALIA, the best decentralized NFT Marketplace based on the Binance Smart Chain for AR, VR generation providing the most straightforward road to earning a yield.
Game developers are now arduous to use the foundational premise offered by NFTs and to marry the idea with that of liquidity mining. The idea behind liquidity mining has achieved a lot of resorption over the past year or so particularly because it empowers crypto owners to stake their assets in return for tangible returns within short time windows.
Likewise, similar to liquidity mining, non fungible tokens, as well, have gotten very famous throughout the most recent few years. This is on the grounds that these cryptographic entities — whose qualities are straightforwardly connected to a particular asset — are ideal for owning physical things.
NFT Basics
A brisk summary of non-fungible tokens (NFTs) for those who are new: NFTs are new forms of crypto-collectibles that are unique, provably scarce, programmable, censorship-resistant as well as they are distinguishable and you can track the possession of everyone separately. They can show ownership in many different types of assets. Ranging from physical assets like house, weapon, to digital assets like avatars, environments in virtual reality universe. In general, all these assets are distinguishable no one is similar to each other.
In other words, non-fungible tokens can connect anything with non-fungible attributes; realize tokenization of the real world. And form a world of digital assets with value exchange.
How can NFTs be used within the domain of liquidity mining?
In this regard, throughout the span of 2021 alone, NFTs appear to have enraptured the imagination of crypto lovers worldwide primarily because they allow for digital data ownership processes to be encouraged in a highly streamlined, effective manner.
There are different blockchain-based digital collectible card games that are currently accessible online or can be created. Investors can create their NFTs & other crypto-assets and list them on XANALIA platform for trading. Their NFTs are entitled to “Copyright Protection” guidelines on our platform. NFT collectors, or gamers, etc., can stake NFTs to use them in Metaverse. Moreover, NFTs empower players to operate within a fantasy landscape, even allowing them to create a number of novel items, collectibles which can then be used in game in exchange for a wide array of digital goodies or even be sold across different marketplaces for financial remuneration.
Summing Up:
Despite brief difficulties, the assortment of liquidity mining projects keeps growing as long as exchanges like XANALIA offer algorithmic exchange rates for crypto pairs to investors. Try it today and let us know what works for you and does not. We are also more than happy to receive help around feature development and documentation. There will be more posts here about details around the usage of our NFT marketplace.
Last but not least, The wait is over! Our NFT marketplace is live now. Thankyou XANALIA community, we are grateful for your patience and support.