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Pawn My NFT is Launching Revolutionary New NFT Utility

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Cape Coral, Florida–(Newsfile Corp. – November 3, 2021) – Pawn My NFT is happy to announce the launching of a new revolutionary NFT Utility. CryptoPunks is selling for millions, new marketplaces every month, new collections minting out (and not minting out) every week, and thousands of transactions a day. Will it ever stop? 

Figure 1: Pawn My NFT is Launching Revolutionary New NFT Utility

NFT sales volume surged to $10.7 billion in the third quarter of 2021, up more than eightfold from the previous quarter, With PawnMyNFT there is an added utility to these Non Fungible Tokens, instead of selling your NFT now you have the ability to use them as collateral against a loan, this allows user to acquire the funds they need without selling their NFT.

When you check the scoreboard, it becomes quite apparent that nothing seems to be stopping this enormous wave in the cryptocurrency industry. Like it or not, understand it or not, the fact is set in stone and the blockchain; NFTs are the future and are not going away.

$SHIB is up almost 800% in the last 35 days and its market capitalization is $38 billion. The global NFT marketcap is $43 Billion and shows no signs of stopping. Where do we go from here?

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According to research data published by Wette.de, the entire NFT space has a market capitalization of $43.08 billion and its trading volume is around $3.6 billion, and that’s not including the ones that have been lost at sea (inactive wallets) or burned. Save your seed phrases people!

Interest in NFTs has seen a parabolic rise the past year. Based on data from Google Trends, August of this year had a worldwide interest in the NFT asset class rocket by a whopping 426%.

During early August “how to buy NFT” had 20 search points per day. By August 29th, it had risen to 100. The level of search interest is measured in points, with 0 being the lowest and 100, the highest. The stats simply do not lie.

For the past ten months, NFT sales per week have ranged between $10 million and $20 million, with several crazy runs that have seen up to $170 million in sales in a week.

As of October, Beeple is still the top NFT artist with a total artwork value of $145.03 million. According to Cryptoart.io, he has sold 1,346 artworks so far with an average sale of $107,752. The second-ranking artist, Pak, is getting lapped on the track at $56.41 million in total value.

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Oh, not to mention Bitcoin cracked an all-time high this past week. Hard to see this growth stopping any time soon!

With the NFT market showing no signs of slowing, it’s inevitable that the boldest developers in the crypto space will go to great lengths to innovate on top of the unbelievable growth that is already happening on our screens. The ecosystem has seen many attempts at staking, defi and other gimmicks to try to capitalize on the NFT boom, but I believe the mother of them all has arrived.

With an admittedly simple name that belies the complexity of what they are building Pawn My NFT (launching November 3rd on BSC) has a massive head start on really making noise in the nascent NFT community.

With a well-known and trusted development team that is fully doxed and available for investor inquiries 24/7 (a rarity on BSC) they have launched several successful projects on the chain and managed to leverage that reputation into a successful round of private fundraising before launch.

The lending works as follows: User A puts an NFT asset up for collateral and seeks a loan. User B offers User A lending terms. Once accepted, the transaction is done through the platform, funds are released to User A and his asset is locked. If a user does not pay back the agreed-upon loan in time, the lender keeps the asset; in this case an NFT. The whole process is secured and safeguarded in a smart contract.

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In addition to offering P2P lending with adjustable parameters, they will also offer compatibility with multiple Blockchains. With the amount of new NFT collections selling out every day on Ethereum and most recently the Solana blockchain, it makes sense to plan for full cross-chain compatibility.

As for the lending, the project will start with ERC-721 NFT compatibility and have instant offers on select popular NFT collections such as CryptoPunks.

This team calls themselves innovators and they certainly appear to chase that label with vigor. They are the same team that started the entire rewards token run on BSC with Baby XRP. The list of goals for Pawn My NFT is admittedly a bit lengthy but the roadmap manages to touch on several exciting things such as rarity tools, floor price checks, a social up vote system, and advertising space for upcoming NFT projects on the blockchain.

Links:

Website: https://pawnmynft.io/
Project Telegram: https://t.me/PawnMyNFT
Twitter: https://twitter.com/PawnMyNFT
Instagram: https://www.instagram.com/pawnmynft/
TikTok: https://www.tiktok.com/@pawnmynft?lang=en
Twitch: https://www.twitch.tv/pawnmynft
YouTube: https://www.youtube.com/channel/UClmIb9i2Uxqac4V7aJOBoGg

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Media Contact:

Company: Pawn My NFT
Email: [email protected]

Disclaimer: Information or any fact found on above content is quoted by Pawn My NFT company. It does not represent the opinions of this site on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101848

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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blocks-&-headlines:-today-in-blockchain-(blackrock,-plume,-sealsq,-hedera,-deutsche-bank,-kucoin)

 

Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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