129 Interactions, 2 Today
Over the last few months, the digital art world has evolved dramatically thanks to blockchain technology. However, the digital art world is still full of objects that consumers may find difficult to interact with. To fix the problem, Orion Protocol, a network originally intended to consolidate the liquidity of several crypto exchanges into a decentralised platform that offers a single, non-custodial portal into the entire digital asset market, has introduced an aggregator for non-fungible tokens (NFTs).
The company will also launch the first NFT Oracle to insure equal NFT pricing, according to the company. Blockchain technology has democratised various facets of the financial economy. To continue, Bitcoin opened the first chapter, encompassing both the payment system and the store of value part. Other applications have arisen a decade back, including smart contracts, the open banking system, and now the Non-Fungible Tokens, or NFT.
However, in recent weeks, non-fungible tokens have caught the interest of the majority of celebrities. Notably, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk, nicknamed the “TechnoKing of Tesla,” recently released an NFT song via Twitter. While he later refuted his intention to auction the NFT album, the message was sent that avoiding the NFT market is no longer a choice.
For the first time, the modern Orion protocol NFT aggregator will tie together sellers and buyers. “By definition, NFTs are one-of-a-kind digital properties that cannot be repeated. As a result, sellers must choose the marketplace they believe would yield the best price for their assets, while buyers must navigate various marketplaces to locate the assets they want, according to the company’s press release.
Orion Protocol has assured users that trading will begin on March 31. Following the introduction, digital art providers should now be reassured that their work is accessible via the Oracle NFT protocol. Furthermore, customers can now use different bong-fungible tokens by visiting a single company website.
Notably, the Orion NFT protocol is supposed to benefit synergistically from exchanges that have mass acceptance in the NFT industry.
“The launch of the Orion NFT Aggregator will mark the first time that buyers and sellers can have a holistic overview of all marketplaces via a single user interface. NFT marketplaces will provide liquidity to the Orion network to drive accessibility, liquidity, and volume to the currently fragmented NFT space,”.