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The Non-Fungible protocols have spread like wildfire, especially in 2021. The non-fungible tokens (NFT) have had a good 2021, registering sales of US $2.5 billion in the second quarter from just US $13.7 million in the first half of 2020. The decentralised finance market (DeFi) too has had a bull run in 2021, DeFi protocols such as Aave, UniSwap, MakerDAO etc., witnessing impressive gains, especially in August.
People are now exploring the Non-Fungible Defi (NFD), a unique protocol that allows users to combine the best NFT marketplace and DeFi opportunities over a secure network. One of the advantages of NFD is that it will enable the market participants to promise to offer the highest yield for the investments and an ideal opportunity to earn passive income. What it does is when a user makes a deposit, the platform draws the fund to the correct consensus to ensure gains.
Besides, the users can also withdraw their gains and initially deposited tokens to trade in any of the cryptocurrencies, making it the most sought after and valuable token in the ecosystem. With the NFD Token, the users get full access to all the non-fungible DeFi projects. So, the owner will have all the rights of utilising the DeFi products through staking, yielding farming etc.
What makes NFD so unique?
Being an open-source protocol, NFD offers transparency. It doesn't allow any form of tampering, which enables it to easier to maintain financial records. Due to the array of facilities, investors are keen on it and the participation of experienced professionals from the crypto industry, thereby reaching a targeted audience seeking investment opportunities. NFDs are often dubbed as the futuristic version of NFTs and DeFi in a highly sustainable ecosystem.
The holders of NFD token gets access to all the DeFi products and NFT's thereby making the NFD ecosystem the most viable and handy. The idea is to integrate the financial service products such as DApps (decentralised applications) and wallets in one place. The NFD ecosystem includes four core parts: NFD Play for gaming rewards, NFD wallet, which allows holding tokens, NFD farm, which helps to earn dividends by staking and farming and NFD trade – thereby providing plenty of earning opportunities on a single platform. Besides, the transaction cost is minimal when one does it in near-instant.
Conclusion
Non-Fungible token offers a unique opportunity to the crypto market participant to enjoy the best of both the worlds – NFT & DeFi. With the latest buzz and sales growth seen by the NFTs in 2021, couple with DeFi boom, the NFD is an ideal investment platform for crypto enthusiasts. Dubbed as the future of NFTs, the NFDs offers better passive earning opportunities to the investors.
