Home BlockchainTechnology NFTs Becoming More Interesting By Day: Updates from Decentraland (MANA) and Use cases from Vechain (VET) and Digibyte (DGB)

NFTs Becoming More Interesting By Day: Updates from Decentraland (MANA) and Use cases from Vechain (VET) and Digibyte (DGB)

Non Fungible Tokens

The world of Non-fungible Tokens (NFTs) have changed shape and size since the surge in 2017. The NFT space has become more interesting and widely adopted by popular centralized brands. 

Decentraland released an update announced on Jul 20th that its marketplace app has been added to the Samsung Blockchain wallet. Therefore, Samsung phones that support the blockchain wallet app will be able to keep their NFTs such as Lands, wearables, and names on their phone as well as trade them.

NFTs has been known to be resident on Ethereum blockchain, but recently, there has been an expansion as other blockchains are implementing NFTs with innovative ways to use and interact them.

8Hours Foundation

Built on Vechain, 8Hours Foundation created VIMs which are unique NFTs which are created by burning some EHrT (Eight Hours Tokens) tokens. These NFTs are like digital souls of an avatar, physical items, game collectibles, etc. The value of VIMs can be improved by feeding them with some EHrTs. Game developers can include these NFTs such that as they are fed with tokens they can gain experience and grow in power. The platform recently announced a second event to distribute VIMs to early adopters before it goes live:

“Over 1,100 wallets joined our first #VIMworld giveaway & now we’re back one last time before VIMworld goes live! Sign up now for your FREE $EHrT loaded #VIM, as well as a chance to win 1 of 10 A-Tier #VIMs!”

8Hrs has advisors from all relevant industries to guide it with the pool of their experience. It is interesting to watch out for what they have in stock for people after the platform launches.

DigiByte DigiAssets

NFTs on Digibyte blockchain is used for even wider purposes than being just collectibles as widely used by many people. Digibyte Foundation proposed the issuance of DigiAssets to its donors to vote (just like ballot box methods) for the next line of action for the foundation. Digibyte Hodlers Certificate uses them to vote. Some DigiAssets are used as investments that generate returns in DGB for the holder, others are used to represent a course like that of SC Tree. These assets can be traded on the Digi-Broker website.

Much Faster means Better

The exciting news is that the existence of NFTs on other blockchains like Vechain and Digibyte brings out the true beauty of its uses. These blockchains process transactions way faster than Ethereum with much lower fees, which means that NFTs can be used more efficiently in games than on the first blockchain where it was created.

Read more about:
Share on

Ayobami Abiola

I am Ayobami Abiola from Nigeria. I am a Cryptocurrency enthusiast who like to write about creative and great innovations- The wonders of the blockchain technology.

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.