With blockchain technology on the rise each passing day, cryptocurrency is on a fast track to becoming a popular way of trading. NFTs have specifically gained notoriety in recent days since they provide people with a mechanism of trading in digital art, music , videos and collectibles on the internet. An NFT (non-fungible token) is a digital asset that can come in the form of art, music, games or collectibles that can be bought and sold online alongside cryptocurrency. NFTs are built using the same kind of programming as cryptocurrencies but are different from cryptos in that each NFT has a digital signature that makes it impossible for NFTs to be exchanged as equal with one another.
Orbeon Protocol (ORBN) is one among some of the protocols used with NFTs. Other top performers include Helium(HNT) and Polkadot(DOT). The protocols mentioned above are offering innovative solutions to traditional financial systems in the trading of music, art, games, collectibles and even antiques in that it gives common people a chance to own an item or part of an expensive collectible and get paid whenever the item is sold. It also gives artists a chance to sell their art while still encoding a digital contract into the digital asset by converting them to NFTs and getting loyalties whenever they are sold.
ORBN has in recent days gained 1815% uptake and is now a top performer compared to DOT and HNT. Although the idea of Helium(HNT) is strong, it has a high cost of entry because only users with a high worth can invest in Tier 1 startups leaving the everyday investor stranded. ORBN on the other hand gives investors a chance to invest in NFTs with as low as 1 dollar. HNT also does not give equity to its investors meaning they do not own the projects they invest in. ORBN comes on top because it offers equity because it offers fractionalized NFTs with actual equity making it more attractive to investors.
Polkadot(DOT) on the other hand gives limited access to investors because of its complex architecture. It requires users who have a deep understanding of how it works in order for them to invest and this is partly because it allows for interoperability across different blockchains. This flexibility makes it very complex unlike ORBN which is very accessible and secure. ORBN is fractionalized hence offers accessibility and also it allows users to invest in tier 1 startups with a low as 1 dollar. It also offers refunds if the project does not meet its funding targets hence providing investors a safety net.
The above factors collectively have made Orbeon(ORBN) reign supreme as compared to Helium(HNT) and Polkadot(DOT).
