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5 NFT platforms that are more than just 'digital collectibles'

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by COINS NEWS 228 Views

Swelling in popularity in the first quarter of 2021, this year seems to be the year of non-fungible tokens (NFTs) as prolific celebrities, athletes, and musicians poured into the space awash with buzz and excitement over the revolutionary creative possibilities the nascent ecosystem presented.
Ever since it's conception, the attention of the NFT space has been focused primarily on digital art and collectibles. Platforms such as OpenSea and Rarible currently capture a lion's share of NFT minting and selling.

However, what is often overlooked is that NFTs aren't just about digital collectibles. There are so many more use cases and innovative applications of NFTs. Here are 5 platforms that are more than just digital collectibles in the NFT space.

1) Uniswap v3: Uniswap is the largest decentralized exchange for digital currencies. The newest version, called Uniswap v3, allows liquidity providers to allocate liquidity to one or more closed intervals of the price of an asset, instead of over the total range of prices. Due to the increased complexity of liquidity provision for v3, these NFTs present a simpler alternative to ERC20 liquidity tokens.

2) Drops: Drops is a new protocol that is designed to leverage NFTs as a collateral for loans. Designed with the future of financial NFTs in mind, Drops aims to optimize the utility of NFT assets to minimize their opportunity cost and maximize the returns of holding them. This platform enables you to get more leverage out of your assets for loans and yield-farming.

3) Solv Protocol: By creating a brand-new token standard for Financial NFTs, Solv has made NFTs Computable. They allow users to create 'vouchers' that represent unique investment allocations, bonds, deposit receipts, cover notes and more. Vouchers can be used to release the liquidity of lock-up assets, as well as control distribution in the form of transfer, trading and lending.

4) Unifty: Unifty is a multi-chain infrastructure platform, focusing on the creator economy. They focus on developing, and enabling fully decentralized no-code solutions for creators, with all things, and services around the NFT space. Users can mint, buy, sell, swap, and create NFTs and NFT farms with just a few clicks, while fully owning their contracts.

5) Charged Particles: Charged Particles Protocol allows users to deposit any ERC tokens into any Non-Fungible Token (NFT). This leads to the creation of 'baskets' of multiple tokens. This can include interest-generating tokens, creating some of the very first interest-earning NFT assets.

submitted by /u/davetawin
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