Three Cryptocurrencies Making it Mainstream- Dogecoin (DOGE), ApeCoin (APE), and Sanzooz Finance (SZFT)
Sanzooz Finance (SZFT) is set to make an impact on the mainstream in a completely different way with its ingenious Ethereum-based protocol for derivative asset trading.
The protocol, which is scheduled for release later this year, allows users to create derivatives with a smart contract through collateralising assets with their network, allowing these derivatives to be bought, sold, and traded amongst those using Sanzooz Finances (SZFT) platform.
The protocol has been crafted with great attention to detail. Sanzooz Finance (SZFT) outlines many of the issues currently holding back the derivative market and their solutions to them in their whitepaper.
For example, by using a peer-to-contract trading system, due to the choice of forgoing a book-based decentralised exchange in favour of manual trading, assets will be assigned an exchange rate and a value based on price feeds provided by an oracle. This results in almost infinite liquidity.
Suppose infinite liquidity up the value of the original assets doesn’t sound appealing enough. In that case, Sanzooz Finance (SZFT) also offers zero slippage, system collateral, and permissionless on-chain trading through its platform.
Sanzooz Finance (SZFT) is likely set for success with all these assets. And in an industry worth more than a quadrillion dollars, it will not be long before the mainstream takes notice.
In a recent announcement, it was revealed that Dogecoin (DOGE), as well as competitor Shiba Inu (SHIB) amongst others, will become a viable form of payment in selected Gucci stores in the United States.
The world-renowned high-end fashion company, known for its luxury bags and accessories, among other products, is not shy of taking risks, having created many unique items and provocative advertisements that have resulted in Gucci being a household name.
With the brand’s reinvention in the past decade, Gucci’s decision to introduce Dogecoin (DOGE) as a payment option is not entirely shocking. With a keen understanding of popular culture and what makes good free press, bringing cryptocurrency onboard will certainly allow the brand to continue its proliferation in the public consciousness.
However, it is also a sign of just how mainstream cryptocurrency is becoming and the stability it now holds to the point where big-name brands are willing to use it as payments.
We now live in a world where someone can buy a bag worth hundreds, if not thousands, from a brand like Gucci with a meme coin. It seems, with more understanding and expansion of the concept, there is no end to what the future for cryptocurrency holds.
ApeCoin (APE) is set for an exciting time ahead. It has recently been announced that the tokens parent company, Bored Ape Yacht Club, will be releasing two unique Bored Ape NFTs in collaboration with the critically acclaimed musical Dear Evan Hansen in support of mental health charity Child Mind Institute.
The company, which was most recently making headlines with the launch of their home token ApeCoin (APE), has been quoted as part of the project, with screenshots of emails regarding the event having been leaked and subsequently gone viral on Twitter.
In these leaked emails, it has been explained that two Bored Apes, dressed in the blue striped polo shirt that has become synonymous with the Dear Evan Hansen show, will become part of the Bored Ape Yacht Club collection, which plans to drop later this month.
As a Broadway musical addressing the issue of mental health in young people, it is fantastic to see this collaboration taking place in association with a mental health charity, with Bored Ape Yacht Clubs’ notoriety in the cryptocurrency community sure to spread the fundraisers’ mission even further.
With the explosive release of ApeCoin (APE) and its associated metaverse Otherside in recent weeks, these NFTs are also likely to become valuable assets for collectors. This is due not only to the fact that they are part of the Bored Ape collection but also to their connection to such a renowned Broadway show and their connection to such an important cause.
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