Volt NFT is what I would call “the latest kid on the block of the NFT market” because it is one of the latest platforms where Non-Fungible Tokens (NFTs) can be traded.
This would not be the first time that a platform like Volt NFT would be launched. There have been several platforms that claimed to be the next big thing as far NFT trades are concerned.
Yet, those platforms either did not live up to expectations or they failed to beat or meet up to the standards already set by established NFT marketplaces, such as OpenSea.
Thus, this is an in-depth analysis of the Volt NFT platform, pointing out some of the attributes I think are great and making a couple of suggestions on what needs to be improved.
THE SUPPORT FOR THE CREATOR ECONOMY IS COMMENDABLE
The Creator Economy is one of the markets that received a major boost following the bubbling of the NFT market.
For the first time in many decades, artists and creatives can now be paid what they are worth. These creatives and artists are now receiving their works’ dues in a currency that they can control.
It is a great feeling to be an artist or creative at this time. It is more thrilling when you are a creative or artist relying on the improved creator economy created by Volt NFT.
The Volt NFT ecosystem unites both the creators/artists/creatives and those who will patronize their works.
Through this medium, the creators can push out their works directly into the NFT marketplace for onward purchase by the consumers.
MONO CURRENCY MAY NOT BE A GREAT IDEA
Most cryptocurrency projects indeed have native crypto tokens that fuel the financial systems. The same holds of the other projects, such as NFT projects.
However, I think that Volt NFT could have done more to improve financial inclusion by enabling or allowing some of the traditional payment methods in the cryptocurrency market.
Supporting cryptocurrencies like Ethereum (ETH) could have gone a long way to allowing more users to partake in all that the platform has to offer.
This doesn’t appear to be the case because no mention was made of those. The only mention made in that regard is the support for the native token of the project – the VOLTY Token.
Mention wasn’t made if Ethereum or some other cryptocurrency can be swapped or exchanged to get the VOLTY Token. The Volt NFT team needs to lay more emphasis on this.
MULTI-CHAIN SUPPORT: A RISK WORTH TAKING
Another aspect of the Volt NFT project I like the most is the support for multiple blockchains. This is coming at a time that the Ethereum blockchain, which was used for most of the cryptocurrency projects, is embroidered in so many issues, ranging from limited scalability to high network fees.
Therefore, I think that the support for multiple blockchain networks gives the Volt NFT platform leverage over other NFT ecosystems.
This way, more blockchain opportunities would be explored in line with the commitment of the project to provide more robust NFT opportunities for the crypto community.
CONCLUSIVELY;
Volt NFT has started some of its developmental projects on good footing. A little improvement here and there (especially in the area of supporting one crypto token) would set Volt NFT on the path of giving other NFT marketplaces a run for the money.
FOR MORE INFORMATION PLEASE VISIT THIS SITE:
Website: https://www.voltnft.com
Twitter: https://twitter.com/VOLT_NFT
Github: https://github.com/voltnft
Reddit: https://www.reddit.com/r/VOLT_NFT
Instagram: https://www.instagram.com/VOLT_NFT
Discord: https://discord.gg/BxxKMbeyVM
AUTHOR
Bitcointalk Username- Dividesug
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