The crypto market expands every year with over 18,000 cryptocurrencies coming into existence since March of 2022. This allows you to explore and see which coin, token or crypto NFT you’d like to invest in. With a lot of cryptocurrencies venturing into the NFT market, you are given the possibility to make money through different streams. Amongst other tokens, Parody Coin (PARO) aims to make NFTs more accessible and will be among the three cryptocurrencies we will discuss in this article.
PARODY COIN (PARO) IS THE TOKEN FOR EVERYONE
Parody Coin (PARO) is an ecosystem on the Binance smart chain with a multichain function that supports interacting with Parody NFTs, trading and minting. PARO is a deflationary token, meaning that a certain amount of the tokens will be burnt to reduce the total sum of tokens in circulation. This also supports the concept of supply and demand, if the supply is less than the demand, the value increases accordingly.
The Parody Coin ecosystem has been designed to attract investors that are interested in the NFT market, one of its aims is to make an ecosystem that is more accessible to everyone interested in NFTs.
PARO provides the capacity to mint parodies of the most popular NFTs in the industry. Minting a non-fungible token means converting a digital asset or converting digital data into crypto collections registered to blockchains. These digital files or commodities will be stored in a distributed decentralised database or ledger that cannot be deleted, edited or changed.
SOLANA (SOL) ON THE RISE
Solana is a cryptocurrency that has introduced a new blockchain model based on proof-of-history, which is proof for verifying order and passage of time between events. This concept boosts usability and allows greater scalability of the protocol.
SOL is also known in the crypto world for the extremely short processing times it offers, with this it has been able to bring in a lot of institutional interest as well.
As a result of its speed and performance, in recent times they have even been seen as a threat and rival to one of the ‘crypto big guns’ Ethereum. The Solana protocol is intended to serve both small-time user and enterprise customers.
By September 2021 with the help and expertise of their creators, SOL rose to 7th in the CoinMarketCap ranking. This ranking came on the back of a great bull run where Solana gained over 700%. It has continued to be on the rise, largely due to the higher developer activity within the Solana ecosystem, the growing DeFi ecosystem, the rise of NFTs and the gaming vertical on Solana.
LET’S TAKE A LOOK AT CHAINLINK (LINK)
Chainlink greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation, while maintaining security and reliability.
LINK is a decentralised oracle network. Blockchain oracles are entities that connect blockchains to external systems, thus enabling smart contracts to be carried out based upon inputs and outputs from the real world.
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