Non-Fungible Defi: Perfect mix of NFT and DeFi on One Platform

August 23, 2021 05:28 PM BST | By Kamalika Ghosh
 Non-Fungible Defi: Perfect mix of NFT and DeFi on One Platform
Image source: Thanakorn.P,Shutterstock

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. 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next