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The Non-Fungible Token (NFT) market has grown substantially in recent years as a result of an influx of investors and artists looking to produce and trade one-of-a-kind digital assets. Recently concerns have been expressed about the long-term viability of NFTs on the Polygon (MATIC) chain, a popular Ethereum Layer-2 scaling solution. According to some, NFTs on Polygon (MATIC) are “dead.”
On the other hand, Sparklo (SPRK), a new investment platform has found an innovative way for investors and artists to make promising investments through NFTs. So while some may say Polygon (MATIC) NFTs are “dead,” everyone can very well say Sparklo (SPRK) NFTs have been born and show no sign of “death.” Let’s find out why.
Polygon (MATIC) NFT Market Experiences Zero Movement
Polygon (MATIC) NFTs failed to take-off in the Q2 and Q4 of last year as a result of Three Arrows Capital and FTX owing to crypto market contagion.
Initially use cases for NFTs were minimal but this has changed in recent months. Holders of non-fungible tokens can now use their tokens as collateral for loans as a result of the financialization of NFTs, providing owners with liquidity. So NFT chains were supposed to experience an increase in demand. Unfortunately this is not the case for Polygon (MATIC).
The growing number of use cases for NFTs increased the volume of trade on the Ethereum and Solana NFT platforms. Blur on Ethereum and TensorSwap on Solana have seen the most volume growth in the previous six months. Only Polygon (MATIC) did not have this experience.
This is due to two things. The first is the general deterioration of the bitcoin market preceding the January rise. Furthermore, buyers and sellers are in short supply on the Polygon (MATIC) NFT market.
The latter component eventually weakened the bullishness observed between January and March. However, Polygon’s MATIC transactions and network utilization increased during the same time period, demonstrating that the quiet NFT markets were unrelated to the broader market effect.
Sparklo (SPRK) Attracts Investors With Investments in NFTs Backed-Up By Precious Metals
Sparklo is the first cryptocurrency-based marketplace for precious metals investment. The platform offers investors a once-in-a-lifetime opportunity to invest in fractional NFTs backed by gold, silver, and platinum bars.
The physical asset can be obtained by purchasing the entire NFT as opposed to just a fraction of it. The coin has great development potential because of its unique protocol in the precious metal investment market.
Experts estimate a 4,000% rise in Sparklo (SPRK) by the end of Q4 2023, owing to the attractive nature of the rare metals market.
Furthermore, Sparklo (SPRK), which is now in the first phase of token presale, charges $0.015 per token. Only 60% of the total 1 billion token supply is made available during the presale period. Investors should seize this opportunity to invest before all of the tokens are depleted.
Find out more about the Sparklo presale:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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