11/6/2022 0 Comments Crypto market watchSo far, FTX raised a total $1.8 billion through 8 different funding rounds, each one being greater than the previous, showing investors’ strong confidence in FTX and the project’s credibility. Notably, FTX offers leveraged cryptocurrency products such as Bitcoin with 3x leverage as well as shorting products for investors looking to bet against certain particular cryptocurrencies, notably Bitcoin ( BTC ), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Ripple (XRP), and a few others.Ĭontrary to Coinbase or Binance, FTX is still an up-and-coming exchange that still has a long growth runway in the coming months and years. įTX distinguishes itself from other leading exchanges such as Coinbase, Binance, or Kraken through a number of points however, as a platform specialising on derivatives, FTX offers exclusive leveraged products that are not available on other platforms. FTX even issued its own Ethereum -based ERC-20 token, trading under the ticker FTT. Started as a derivative products trading platform, FTX progressively converged toward the crypto space and now displays a very complete range of crypto solutions. Similarly to Binance or Coinbase, FTX ( FTT ) is a trading platform that enables its users, amongst other things, to convert cryptocurrencies into fiat currencies or other cryptocurrencies. MANA is currently trading at $2.13, much lower than its $5.50 all-time high reached last November, despite the project still looking very promising. Naturally, the price of each item depends on its rarity. MANA tokens can also be used within Decentraland’s marketplace in order to purchase avatars, clothes, items, names, and more. Here’s another way to diversify your passive income streams! On top of being highly secure, this also makes the ownership of a Decentraland plot of land very exclusive, which contributed to the explosion in price for these virtual items throughout late 2021 and up until today.īesides, on top of just buying and selling plots of land, users can also rent them or build houses or mansions upon them, making the Decentraland universe an easily monetisable one. The Decentraland platform consists of 90,000 precisely-measured plots of lands whose price varies based on location: the more coveted the area, the more expensive the land, just like in real life!Įach of these plots of land are unique NFTs, meaning that their ownership is public and recorded on the Ethereum (ETH) blockchain. However, Decentraland’s public version didn’t come out until early 2020.Įssentially, Decentraland is an Ethereum -based virtual reality platform that lets people interact together with avatars, along with participating in a wide range of activities such as buying and selling items, going to the casino, building art galleries and other facilities, and so much more.ĭecentraland’s currency is called MANA and can mainly be used to purchase plots of land in the Decentraland universe. Decentraland ( MANA ) has now become a well-known name in the Metaverse space, along with The Sandbox (SAND) or Axie Infinity (AXS), two other leading projects with their own ecosystem currency.Īfter a $24 million ICO in 2017, Decentraland was launched.
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