Avalanche’s NFT Ecosystem Gains Traction With Multichain NAKAVERSE and DeepSquare Validator Hunt
• Nakamoto Games recently announced that their NAKAVERSE would be going multichain, with NFTs being integrated with Dogecoin and other networks such as Avalanche.
• Avalanche’s performance in its NFT space has been declining, as evidenced by Santiment’s chart showing a decrease in total NFT trade counts and volume in USD.
• DeepSquare is looking for 10 Avalanche validators to help validate its subnet.
The cryptocurrency space recently got some exciting news as Nakamoto Games announced that their NAKAVERSE would be going multichain. This means that their NFTs will be integrated with Dogecoin and other networks, such as Avalanche. This could be a major step forward for Avalanche’s NFT ecosystem, helping it register growth in the field.
However, Avalanche’s performance in its NFT space has been declining. According to Santiment’s chart, the total NFT trade counts and total NFT trade volume in USD have been decreasing over the last seven days. This could be a cause for concern for investors in the network.
DeepSquare, a decentralized cloud computing ecosystem, recently revealed that they were looking for 10 Avalanche validators to help validate its subnet. This could be a great opportunity for Avalanche validators to show their capabilities and prove their worth.
Apart from the NFT space, Avalanche’s price has been increasing steadily. According to CoinMarketCap, the price has increased by 8% in the last seven days, and at press time, it was trading at $18.33 with a market cap of $2.68 billion.
Overall, Avalanche has been making steady progress in its aim to become a major player in the cryptocurrency space. With the news of NAKAVERSE going multichain, and DeepSquare’s call for validators, there is a lot of potential for the network to grow and succeed.