Magic Eden, the Solana-based NFT marketplace, recently announced a decision to change its royalties model, sending shockwaves through social media. They are following the changes made by other NFT marketplaces to allow buyers to adjust royalties paid towards an NFT project. This creates a system where some NFT creators may receive fewer or even no royalties for sold NFTs.
While this isn’t great news for NFT creators in the space, there are still some crypto projects that reward everyone. The most notable of these is Uniglo (GLO), which has some of the most robust credentials experts have ever seen in a new crypto project. It looks set to continue its strong growth when it officially launches after an incredibly successful pre-sale period. There’s still time to add it to your portfolio before it goes live. Here’s why many think you should:
Uniglo gives investors complete peace of mind with a price they can have faith in, thanks to the most substantial set of deflationary measures ever and an entire asset-backed store of value. This store of value is created in the GLO vault, which is made up of investments in a range of products, including NFTs, cryptos, gold, and more. Holders are given full voting rights to decide on purchases and sales, alongside the benefits of a diversified store of value that’s protected against market volatility.
The innovative GLO dual-burn mechanism also repurchases tokens to burn alongside destroying some on every transaction, ensuring GLO gets more scarce over time. All these features and more make Uniglo one of the best investments you can make right now as the world searches for an answer to growing inflation.
Solana has steadily been turning into one of the most vital blockchain development ecosystems out there. While its NFT marketplace has recently come under fire for changing its royalty system, the overall blockchain still has plenty of scope. And with lightning-fast speeds alongside strong eco-friendly credentials, experts think it could continue to grow.
While the rules for NFT royalties might be shifting across the crypto space, there are still plenty of projects that can bring profit to your portfolio. The best of these looks like GLO, which has all the credentials needed to succeed even compared to SOL.
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