WSUM Art is the Marketplace that Has It All!

Non-fungible tokens (NFTs) are blockchain’s most-priced products of 2021. Since late 2020, NFT markets have shot up, exceeding anyone’s expectations about the sector’s performance. In Q1 of 2021, the NFT craze saw some unique digital tokens sell for millions of dollars, with a $69 million digital artwork sale to top the list. Although the dust is settling slowly on the NFT craze, the market is rapidly growing as new users join.

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Wrapped Tokens – Breaking the Barriers between Blockchains

Wrapped Tokens – Breaking the Barriers between Blockchains

Blockchain technology is rapidly growing in popularity. Many decentralized networks are coming up. Developers are thinking outside the box to exploit the technology’s potential. Additionally, developers continue to recognize that the blockchain requirements are too vast for one application to meet. The situation has given rise to the need for interoperability (connecting different chains).

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Introducing BTCB – Binance’s Bitcoin-Pegged Token

The industry is growing, and expectations heightening

Bitcoin has earned a position as a major 21st-century disruptive technology especially in the financial sector. Many users are joining the digital currency ecosystem due to its benefits to individuals, industries, and society in general. As the cryptocurrency industry grows, new expectations come up. The institutions in the industry are working hard to meet these expectations by developing new use cases of cryptocurrencies, especially Bitcoin. Binance, in June 2019, launched BTCB, which adds a new dimension to bitcoin usability.

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Investing in NFT art with WSUM

Investing in artwork may feel like a roll of the dice than an investment. In May 2019, gallerist Robert Mnuchin, founder of Mnuchin Gallery in Manhattan, bought a record- breaking $91.1 million sculpture of a rabbit. The art that was auction by Christie’s became the most expensive art ever sold by a living artist. Barely, two years later, in March 2021, the same auction company made a massive sale of digital art worth $69 million. The record sale of the non-fungible token art (NFT art) represents the latest massive development in the art industry.

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What brands need to know about NFT’s

The blockchain and cryptocurrency world is ever-growing. Non-fungible tokens (NFTs) have recorded a steady growth throughout the past three quarters since the beginning of the year. Businesses and individuals have closed mega NFT deals in the recent past. Consequently, the booming digital asset market has attracted many businesses, which see it as a potential area of making fortunes. In March, Christie’s, a British auction house accepted Ether for payment of the record-breaking NFTs deal. Christie’s auction “Everyday’s: the first 500 Days” digital artwork by Mike Winkelmann professionally known as Beeple for $69 million.

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WSUM Network Brings Ultra Low Fees to NFT Market

WSUM Network has entered the non-fungible tokens (NFTs) market following multiple achievements and milestones in the past few months. The leading platform for wrapping and staking aims to revolutionize this market and become a force for good in the global crypto scene. This latest product by WSUM Network deploys a user-focused approach to design and build a platform that works for the user. Taking it a notch higher, WSUM incorporates a first-of-its-kind mechanism to offset carbon footprints arising from the project’s activities.Built on BSCWSUM’s NFT project, WSUM Art, is built on the fast-rising Binance Smart Chain (BSC).

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