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At the time of writing, the NFT market is worth over $11 billion. Another research report by Verified Market Research (VMR) predicts that the NFT market will be worth an estimated $230 billion by 2030.
While the NFT market valuation varies depending on the source and compound annual growth rate (CAGR) estimates, all we can conclude is that NFTs are here to stay and will continue to rise to more billion dollar valuations in the future.
OpenSea, one of the leading NFT marketplaces, is worth more than $10 billion, other major markets include Rarible, Foundation, SuperRare, Nifty Gateway, LooksRare, etc.
Selfish Financea newcomer to the NFT trading space and will support easy NFT liquidity and target the valuations of the aforementioned NFT markets, including metaverse-based markets such as The Sandbox and Decentraland.
Let’s see more about the NFT market and Celebhish Finance below.
What is NFT Market?
NFT Markets are platforms dedicated to creating/mining, buying and selling NFTs in groups or as an individual venture. It’s hard to find internet savvy users who don’t know what NFT is or what it means. The NFT market is where all the activities that involve the creation and trading of NFTs are resolved.
With the increasing demands and interests of NFTs, there is a need for NFT markets collectively to handle NFT transactions effectively and quickly. The main problem that early NFT markets faced was liquidity. Celphish Finance is one of the few emerging NFT markets that aims to change the narrative and make interoperability across the NFT chain possible.
Why do we need cross-chain NFT markets
Cross-threading protocols have experienced some security setbacks lately, which makes it very difficult to trust these protocols with our assets. However, cross-chain protocols are much needed for the following reasons:
1. Easy fluidity
Chain NFT Markets makes it easy to quickly and easily convert NFTs across multiple chains. These types of marketplaces allow different blockchain networks to communicate by removing the barrier of exchange between chains.
For example, Ethereum NFTs (ERC-721) can be exchanged or sold in another protocol such as Solana or Polygon NFTs, this makes it easy for anyone with any standard blockchain token (ERC-20 or BEP-20) to mint and sell NFTs Auction without hassle.
2. Fast Transactions
Easy exchange between chains makes liquidity cheap and easy to get. You can mint and auction your NFTs on a single platform that supports different blockchain networks. For example, OpenSea supports about four to five blockchain networks; This makes it very easy to spend tokens or coins for any of the available blockchain networks and their underlying NFTs.
3. Improve user experience
Cross-chain NFT Markets improve user experiences due to easy access to liquidity and fast transactions. Users can conveniently switch NFTs across multiple chains and get paid through various encryption options.
4. Efficiency improvement
Cross-chain NFT markets have better efficiencies and outputs than single-chain markets due to their overall business output and faster transaction rate than many regular NFT markets.
What is Celebish Financing?
Celphish Finance is a DeFi ecosystem that provides seamless DEX and NFT services. It is also pursuing a smartphone interoperability feature that will make encryption and NFT operations available to mobile users.
Celebish Finance’s goal is to create a platform where NFTs and cryptocurrency can be exchanged at the lowest possible cost and also at a faster transaction speed.
Celebhish Finance introduces us to a new cryptocurrency – the original cryptocurrency – called CELP. CELP will be at the center of all activities that go in and out of the ecosystem, as well as activities that take place within the ecosystem.
To get started with Celphish Finance, you must purchase and accumulate a CELP token. You can purchase the CELP token via presale on the main Celphish Finance website. Otherwise, wait until the public launch that will introduce the token to a decentralized or centralized exchange.
What makes Celphish Finance unique
Celebhish Finance is almost similar to many of the existing projects/protocols, so what makes it unique? Why should you even trust him? Here are some of the features to understand about Celphish Finance that should give you a glimpse of what’s in store for its community users and traders.
CELP . symbol
The CELP Token is at the center of the Celphish Finance ecosystem and controls how transactions are executed and validated throughout the platform. CELP can be exchanged on a centralized or decentralized exchange where it is whitelisted.
The CELP will also be used for future governance and community-led incentives such as equity pooling, etc., on Celphish Finance. Hodlers of CELP tokens will earn percentages of the network fee transferred during normal transactions in AMM DEX.
CelphishSwap is a protocol for Celphish finance where cryptocurrency trading activities take place. CelphishSwap is an automated market maker (AMM) that creates a pool where liquidity providers can deposit liquidity and earn portions of transaction fees for each completed transaction.
CelphishSwap will also provide cross-chain liquidity to increase liquidity production and efficiency in the DEX. CelebhishSwap will be displayed in a mobile application to enable smartphone users to access liquidity with a simple one-click feature.
Celebish Finance NFT . Market
The NFT offering from Celphish Finance is unique and will be offered alongside CelphishSwap in the mobile app. As a decentralized protocol, users can define their activities on the platform simply by accumulating a CELP token.
Celphish Finance’s NFT Marketplace will offer cross-chain NFT services to create ultra-fast and easy-to-obtain liquidity via NFTs. A marketplace, such as OpenSea and Rarible, will allow for easy minting and auctioning of generative and low-end NFTs.
How does Celebhish Finance follow after Decentraland, The Sandbox
Decentraland is one of the most sought after NFT-metaverse platforms in the DeFi space. The same goes for The Sandbox, which was in the gaming industry before fully joining DeFi.
Decentraland and Sandbox provide the model upon which Celphish Finance’s NFT services are built. Celebish Finance follows these platforms to provide an easy-to-use platform to its users and potential users. He is also looking to solve some of the difficulties these platforms have had to create a better version of them.
Celebhish Finance will partner with industry leaders and also attract the most motivated community and DAO governance members to expand the ecosystem and deliver further innovation.
Members of the Celphish Finance community can be any group of people who hold a CELP token and are willing to lock them up to help grow the ecosystem. Community members and network contributors will be greatly rewarded with a portion of the fees generated by the protocol. Also, members get to increase their profit margin with a CELP token where they can participate in the occasional gifts and airdrops that are kept in the ecosystem.
How to Buy a Celebhish Finance Token (CELP)
If you are intent on joining Celphish Finance, the token should be easily locked into your crypto wallet. This means that you must have an active wallet where you send and receive digital assets.
Next up is to visit Celebhish Finance’s main website where it is currently undergoing pre-sale and promotion sign-up. The pre-sale is supposed to last between 60 to 90 days; During this period, Celphish Finance plans to allocate more than 40% of its token supply (about 86 million tokens) to private and public buyers.
There will be a lot of bonuses that apply to early buyers. Some rewards include 40% cashback on purchase within the first 30 minutes of signing up for the pre-sale. Furthermore, you can earn up to 115% cashback when you purchase a CELP token multiple times after registration. The good news is that these cashback rewards accumulate the more you participate in the pre-sale.
* This article has been paid. The cryptologist did not write the article and did not test the platform.