Polkadot (DOT) Not as Complex as People Say It simply Works like the Fulcrum

By June 12, 2021Polkadot
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Polkadot is a complex and nuanced project that has several elements which interact in a powerful, virtuous cycle. Twitter handle Ken Seiff shares the reasons to be excited about the project.

“The Blockchain, and the evolution of this Internet of Value, benefits from the ability to create customized blockchains for specific purposes.

The emergence of special purpose blockchains, which we expect will significantly contribute to the next wave of innovation, should last for the foreseeable future.

The resulting myriad blockchains and the many use cases that result from them could leave a new challenge.

Though we expect the emergence of special purpose blockchains to define the sector’s next wave of innovation, a lack of interoperability between discrete blockchains will create friction to adoption and inhibit innovation.

Polkadot solves for the global interoperability, scalability, and security issues endemic to all blockchains while addressing application-specific solutions and needs.

Its brilliance lies in the comprehensiveness of its solution: by addressing interoperability and security simultaneously, Polkadot removes potential brakes on the broader space’s utility and efficiency and facilitates the success of specialized blockchain applications.

We believe this positions Polkadot as one of the fulcrums of the entire sector.”

Meanwhile, NFTs have exploded in popularity with different use cases whether finding its use to be in gaming art or real estate. They have already hit the mainstream media taking the world by storm. However, users have trouble differentiating hype from real potential.

The new forms of blockchain-based unique digital assets consist of physical collectible rights or digital media like art, videos, music, gifs, games, text, memes, or code, and they are setting the stage for a new digital economy.

Enterprises, entrepreneurs, creators and speculators are beginning to take notice. Whether you are already in the space or interested in seeing it helps to watch the replay on the latest on the NFT space from the market players themselves.

With Peter Mauric, Head of Public Affairs, Parity Technologies as the moderator and Witek Radomski, CTO & Co-Founder; Enjin Shabane Shaame, Co-founder, EverdreamSoft; Elliot Safra, And Art Agency as speakers. The event is already over since June 10, 2021, and the replay is available for watch.

They have discussed several what are NFT’s and why are they important? Where we now and what are are the major trends in the market? How will NFT’s evolve in the coming years? What are the different NFT business models that are being explored? How can developers seize this powerful trend and build the NFT products and platforms of tomorrow? What does the intersection of DeFi & NFT’s look like? How can we address some of the NFT market challenges to support further adoption, such as increasing the quality of user experience, lowering transaction fees, and moving from fragmented to interoperable ecosystems? How are consumer NFTs creating new revenue streams for brands and creators and enabling deeper connections with fans?

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