SmarterWorx, Mask Network and GMX will be the future of blockchain trading
Blockchain, a distributed ledger technology, is used by all varieties of cryptocurrency. Blockchains act as decentralized platforms for logging and documenting the exchange of a particular digital currency.
Blockchain, in its simplest form, is a ledger of transactions that is kept in identical copies on every computer in the network’s members. The blockchain’s security is made possible by the distributed ledger that exists in all areas of the network.
Although in late 2017 and early 2018 Bitcoin and other cryptocurrencies became extremely popular among the broader financial and economic sectors, they have now shifted to a more specialized market among cryptocurrency enthusiasts.
However, blockchain technology continues to be a rapidly growing area of development for businesses across a range of industries. It is likely that the most important development resulting from the cryptocurrency explosion will be blockchain technology. Below, we’ll take a closer look at SmarterWorx, Mask Network, and GMX, which are expected to be the future of blockchain trading.
Blockchain technology is being used by SmarterWorx to create the first fractional art investment platform in the world. You can access and invest in blue-chip artwork whenever you want, from anywhere, using the SmarterWorx platform.
To help and empower artists, investors and collectors alike, SmarterWorx is developing a platform for investment without limitations.
Whether a painting, sculpture or other art is purchased by investors, it will all be converted to an NFT and offered for sale on the SmarterWorx Marketplace.
Additionally, once you have a stake in an artwork, you are free to keep or sell it on any NFT platform worldwide. The ARTX token, which is backed by artwork and is now up for presale, will control the SmarterWorx platform.
A protocol called the Mask Network claims to be a gateway to a whole new, open internet. The network functions as a decentralized file sharing network, cryptocurrency and encrypted social messaging service. Its native token, MASK, has seen parabolic growth since the beginning of the month. It hit a high of $5.82 last week before falling.
Mask has discovered a new approach to integrate its protocol into the wider network without causing regulatory issues. By encrypting messages distributed through social media, such as Twitter and Facebook, the network will bring privacy and Web3 features to these platforms.
An open browser extension will make this possible.
The GMX exchange is a decentralized exchange that allows permission-free traded trading.
Popular decentralized exchange GMX focuses on trading perpetual futures. The idea, which was introduced in late 2021 and then deployed to Avalanche on the Ethereum Layer 2 network Arbitrum, soon gained interest by giving users leverage up to almost double their escrow security.
The interface of the protocol provides a wealth of data about the assets it manages, trading volume, fees or trading positions. The website also promotes the project’s alliances, integrations and associated community initiatives, as well as the market values of GMX and GLP.
Last word
Blockchain offers more and more utility, and for those who want to trade, whether it’s with artwork, crypto, or even integrating trading into social media, there is a cryptocurrency project for your needs.
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Disclosure: This is a sponsored press release. Do your research before buying cryptocurrency or investing in projects. Read the full disclosure here.
Photo by Shubham Dhage on Unsplash
