Last week, Polkadot’s (DOT) NFT space witnessed significant growth and metrics favored thePolkadot (DOT) token. Meanwhile, Orbeon Protocol (ORBN) started stage 7 of the presale, recording a whopping 1675% increase in price.
Polkadot (DOT)
Polkadot (DOT) is a popular Layer 0 blockchain that supports both the Solidity and Rust programming languages. In other words, it provides a foundation on which other crypto projects can build. Following Polkadot’s (DOT) weekly roundup of February 6, Moonbeam, a launchpad on Polkadot (DOT), achieved cross-chain interoperability. So, dApps built on Moonbeam now enjoy cross-chain functionality and improved user experience.
Also, Efinity, a cross-chain token infrastructure, invited users to come and create their own NFT collections on it using Polkadot. This led to an increase in total NFT trade counts and trade volume in USD on Polkadot’s (DOT) NFT ecosystem. Furthermore, Bitgreen, a sustainability Layer 1 protocol on Polkadot launched a hydro project in Africa and a conservation project in Peru.
With all the aforementioned developments and more, Polkadot (DOT) topped the list of blockchains in terms of development activity in the last 30 days. DOT, the native asset of Polkadot, is not left out. The coin’s performance on the metrics front has been impressive.
According to CoinMarketCap, DOT’s price increased by 6% in the last seven days, and at the time of writing, it is trading at $6.27 with a market capitalization of over $7.2 billion. Positive sentiments around Polkadot (DOT) abound, showing the community’s trust in the token.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN), a new investment platform on the Ethereum blockchain is another top gainer from last week, with a 1675% increase in price. Lyubomyr Koval created Orbeon to make investment opportunities available to everyone.
Orbeon Protocol (ORBN) makes seed funding more accessible using its NFT-as-a-Service (NFTaaS). The Orbeon Protocol (ORBN) removes the barrier that limits investment rewards to the VCs alone. It achieves this by minting reward and equity-based NFTs for crypto start-ups in need of funding. Then it fractionalizes these NFTs to enable everyday investors to purchase small fragments of the companies with as little as $1.
Additionally, Orbeon Protocol (ORBN) operates a “Fill or Kill” safety mechanism that automatically returns investors’ money if a company fails to meet funding targets in the given period. All the investment terms are written into the smart contract of the NFT created for companies, which is publicly available and tamper-proof. This builds trust in users and also makes Orbeon Protocol (ORBN) a center of attraction in the industry.
Moreover, users need ORBN, the native token of the ecosystem to buy NFTs from the Orbeon marketplace. Besides, holders of the Orbeon Protocol (ORBN) enjoy benefits like transaction discounts, priority access to upcoming funding rounds, voting rights, and more. You can buy the Orbeon Protocol’s (ORBN) token from the ongoing presale.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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Source: https://www.thecoinrepublic.com/2023/02/16/analysts-favor-polkadot-dot-and-orbeon-protocol-orbn-as-top-gainers/