DREP’s Upcoming NFTpedia: Navigate You into a More Effective Metaverse
The NFT market is blowing another tide for Otherdeed by Otherside. The new NFT assets of parcels of land have been hyped to breathtaking prices, while scarce lands are distributed into different secondary markets, making it hard to be discovered across the chains. Through all that happened, there’s something we need to contemplate: Can NFTs be represented in a more comprehensive way?
Inconvenience to reach NFT info
Lack of a whole cognition towards the NFT market is another sign needed vigilance because this means our actions and measures are always lagging behind what has already happened. Another point that is essential for our alert is that NFT players often need to make a cross-chain swap of digital assets, which is very time-consuming, to identify the availability of the assets and appraise the values of what they wish to deal with, and this may also lead to redundant gas fees and low market efficiency.
Therefore data hub contained multi-chain assets and the latest market data may be the case, this means users can browse the information on various NFTs and make wiser choices. For example, introductions should cover as much as NFT projects, bluechip NFTs, hottest and most in-trend NFTs of high demand in the market. Therefore, users are able to compare the prices with a clear view of all listed NFTs. As a result, this makes NFTs circulate at an appropriate price range, and cases of overvaluing and drastic volatility in the NFT market can be fairly reduced.
Streamline NFT transaction process
In addition, ways to simplify the fussy procedure of NFT transactions, enhance market mobility, and meanwhile optimize safety while making deals need implementation. For example, NFTs derived from various blockchains at once for a streamlined transaction process, where batch buy and sell can be achieved in one transaction should be available. Gas fees that may occur on other trading platforms should be reduced by more wise solutions, such as using analytics to compare NFT listings. Moreover, the market should also provide a safer and more dependable transaction environment, making itself a more organized place.
DREP is armed for new challenges in NFT market
The crypto market needs instant measures to deal with unpredictable challenges. In this matter, DREP is expanding the service to suit multi-chain deals, transforming the Defi market into a more reliable and transparent place.