After a slight down trend last week, Bitcoin has one again surprised us all with a new all time high. This time, it topped $61,805, and is still showing signs of strength. Ethereum also did well for itself, at one point reaching $1,943 after starting the week at $1,716.
With all that said, what we want to highlight this week are another 3 NFTs - UOS, DEGO and SOUL - which KUCOIN Blog will now hold under a magnifying glass.
Dego Finance (DEGO)
Dego Finance is a protocol and infrastructure for NFT and DeFi. It provides an extensive NFT ecosystem, with services that cover the whole NFT lifecycle. It is also developing an NFT protocol. This protocol will provide infrastructure that will allow for cross-chain distribution and development of NFT applications. The DEGO token is required to utilize this NFT Suite, where users can trade, auction and mint their own non-fungible tokens.
Being a big name in the NFT space thanks to its extensive range of relevant services, Dego Finance were a major beneficiary of the heightened interest in the market. The same is true due to its application in the DeFi space has also helped boost the price of its token. Otherwise, its listing on BINANCE and newly announced partnerships this week increased its visibility, reach, and potential. Add to that the ongoing KuCoin activity involving DEGO, and it is clear to see why DEGO achieved a 231.3% 7-day ROI.
Trade DEGO and 200+ other altcoins on KuCoin.
Ultra (UOS)
Ultra is an entertainment platform first and foremost. It provides a whole range of services relevant for the gaming industry, from buying and playing games, to organizing contests and hosting live streams. The UOS token provides numerous utilities for the platform, such as payment for games, advertising and, most importantly for today, creating NFTs.
Thanks to UOSs role in the creation of NFTs, it has been able to ride the wave of popularity that the NFT market has been enjoying for the past few weeks. At the same time, blockchain gaming has also become somewhat vogue, adding to UOSs growth further. Finally, Ultra’s continued development of its mainnet that will supposedly provide interoperability between blockchains has captured the interest of many, which is why UOS achieved a 79.7% 7-day ROI.
Trade UOS and 200+ other altcoins on KuCoin.
Phantasma (SOUL)
Phantasma is a decentralized content distribution system that operates on the blockchain. It is a fast, secure and scalable dApp platform where developers can build on the Phantasma blockchain for a wide range of applications. One such example is the creation of NFTs, which requires SOUL, the utility token of Phantasma, to be staked.
This week has been busy for Phantasma and its SOUL token. Together with Hashoshi, Phantasma helped organize and judge the NFT Art Challenge, which saw participants submit NFT art pieces to be judged. Recently, the project also teamed up with hip-hop artist ‘Ill Bill’ to release his new track ‘Silk Road’ as an NFT, following in the footsteps of the Wu Tang Clan. The auction for the NFT will be conducted using SOUL for bidding. Both of these helped bring attention to SOUL, which is why it was able to achieve a 31.4% 7-day ROI.
Trade SOUL and 200+ other altcoins on KuCoin
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