The NFT marketplace, Vention, is making a statement in the Decentralized Finance space with the latest developments.
Vention Garners Top Trending Status
The Vention Non-fungible Token (NFT) marketplace has experienced tremendous growth in the past week. The protocol is all about gaining value, fame, and protecting the skills and talent of its users. With the recent happenings, it is living up to expectations.
According to its official Tweet on 10th August, its native VNT token recorded number one trending token status on CoinMarketCap. In addition, the token price increased by over 100%.
“We have increased our price by 129.12% in the last 24 hours according to data by CoinMarketCap! As more and more people discover Vention, the price will continue to go up,” the Tweet read.
The protocol just completed the first phase of its roadmap, which comprises four phases. The second phase, which features Coingecko and CoinMarketCap listings, has gone full swing.
What’s more, the Philippines’ based NFT marketplace is developing its own application.
Philippines’ First NFT Marketplace for Local Artists & Celebrities
Currently, the Vention NFT marketplace has over 200 digital content and more than 150 registered artists. The protocol also has the NFT farming feature. This feature allows users (owners of whitelisted NFTs) to stake their creations shortly.
According to the project’s website, users’ creations are protected, and the token will yield profit. In essence, Vention was built to preserve undervalued talents and skills.
“VNT farming is provided to ensure that talent and skills are protected, given the proper fame, and of course the earning value that it deserves,” says their website.
Concerning the unique NFT farming feature, the Annual Percentage Rate (APR) will depend on the monetary value and rarity of the staked NFT, according to the details on Vention’s webpage.
The Growing NFT Ecosystem
The NFT market has taken the entire crypto market population by storm. Finally, the idea of representing digital items on a blockchain has worked effectively. Now, the world breathes NFTs.
Several NFT projects have fared well recently in the Decentralized Finance (DeFi) space. Projects like Axie Infinity (AXS), Tezos (XTZ), Decentraland (MANA) have also recorded huge gains in the past seven days.
Vention (VNT) is still growing. As a result, the BSC protocol still has a lot to cover on its roadmap. In any case, the protocol has carried out some of its plans, and it is expected that the rest will be completed soon. Yes, dreams come true.
Where to Find Vention App:
Source : bsc.news
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