The linking of Tron to MegaCryptoPolis further shows the attractiveness of NFTs, which are appropriate for Tron blockchain, which facilitates quick and cost-effective dealings and other kind of interactions. The foremost metaverse, which will include a complete NFT marketplace, is the Sun Tower.
Users will be able to transform their ideas into NFTs. Since being in development for the past three years, the Sun Tower claims to provide incredible features and stands as a model to what can be achieved in a virtual metaverse.
Tron users will be able to buy land plots or districts with the TRX cryptos, while district owners can conduct various dealings with MegaCryptoPolis’ secondary market or utilize it to create passive income and you can even have a total virtual view of Tron founder Justin Sun’s office within the Sun Tower.
Additionally, players will be able to trade on the open market, create resources that are necessary for other buildings to function and receive a share of funds disbursed on a daily basis by MegaCryptoPolis.
NFTs are in big demand at this point in time and for a specific reason. Non-fungible tokens symbolize distinct cryptocurrencies on a blockchain that does not permit alteration and copying. All these features will transform NFTs as fairly common and are on track to safeguard cryptos and several other assets of value.
Also famous influencers such as Gary Vaynerchuk cite NFTs as greater than the web itself, with big enterprises such as the NBA have created millions of dollars in NFT sales. Notably, NFTs are aiding a surge in digital art, even though they can be utilized to reflect real world goods such a real-estate, music rights and other kinds of fractional ownership.
The NFT market expanded from $30 million in 2017 to more than $300 million by the end of last year and there seems to be no indications of a slowdown, with single-day sales eclipsing aggregate sales last year. Furthermore, by getting into metaverse, Tron blockchain has opened new opportunities for DeFi solutions similar to JustSwap and JustLend. The entry into metaverse also permits users to offer the best of both DeFi and NFTs.
Tron’s commitment to exepdite the decentralization of internet via blockchain technology and DeFi (decentralized finance) applications is clear with its foremost entry into NFTs via MegaCryptoPolis. Established in 2017, Tron attained network independence two years back, took over BitTorrent in the same year and is currently one of the biggest cryptos in the world by market cap, at $3.45 billion.