Degrain Crypto is an up-and-coming NFT marketplace with its own token that is planning to launch in a matter of weeks. However, there is a lot of chatter about its potential and overall credibility. Let’s take a closer look at this new addition to the NFT industry. In addition, is Degrain Crypto a smart investment?
Degrain Crypto Overview
Degrain Crypto labels itself as the “world’s first cross-chain NFT trading platform” on its website. And its goal is to be at the forefront of the NFT boom.
Specifically, non-fungible tokens (NFTs) are unique digital tokens that exist on a blockchain and cannot be replicated. This includes anything from digital art to games and sports collections.
Degrain wants to rewards buyers, sellers and stakers on its platform for trading and accepting payments for NFTs. Supposedly, it’s the first NFT protocol to work with real world companies and revenue share via a backed NFT.
Degrain Crypto claims to offer lower fees, no venture capitalist investments and higher trading volumes than its competitors. It’s currently in phase two of its presale that ends on October 1, 2022. It will launch on Uniswap once the phase two presale ends.
However, cryptocurrency investors are not convinced despite the positive headlines. And they have every reason to be concerned.
Can Investors Trust Degrain Crypto?
Degrain’s credibility is in question for many reasons. For starters, there are crypto and NFT scams popping up…
