Logo
Cardano Ecosystem

BitcoinEthereumNews

11/15/2021

·

754 views


PhotocChromic Joins Hands with Paribus to Offer Additional Utilities for the Cardano DeFi and NFT Ecosystem

The post PhotocChromic Joins Hands with Paribus to Offer Additional Utilities for the Cardano DeFi and NFT Ecosystem appeared on BitcoinEthereumNews.com. Paribus is a type of cross-chain credit and credit platform based on the Cardano blockchain. Paribus is ready...

PhotocChromic Joins Hands with Paribus to Offer Additional Utilities for the Cardano DeFi and NFT Ecosystem

Paribus is a type of cross-chain credit and credit platform based on the Cardano blockchain. Paribus is ready to be the frontrunner in the industry by unleashing and fully understanding the inherent value of other unconventional assets and NFTs.

PhotoChromic allows users to securely own and verify their identity and personal information via NFTs.

New opportunities and growth are coming for the Cardano ecosystem, and one of the early DeFi leaders is Paribus. This unique project aims to discover new ways to store and present value in the value chain. 

In their recent prominence, NFTs have assigned themselves the goal of redefining value and usefulness for owners in Web 3.0. While traditional finance mostly runs smoothly, artists, digital nomads, and celebs flock to NFTs to build quite a strong follower community in their follower community. 

While the current scope of adoption of these two decisions is under discussion, Paribus wants to add to this new model of value store and community orchestration. 

PhotoChromic expands the NFT ownership record by allowing the owner’s biometric hash and generative art to be stored as a visual depiction of that person. Those wishing to identify can choose to display identifiable faces on the NFT. 

The use of blockchain technology in an intermediary-free space minimizes the regulatory role through centralized governance and autonomy. The effect of DeFi protocols, including borrowing, lending, derivatives and NFTs, is now readily available. As our awareness and awareness of value grows and our relationship with digital assets evolves, the chance for projects like PhotoChromic and Paribus to exist to support each other is gratifying. The collective impact of decentralization, encryption, distributed ledgers, DeFi, NFTs, and more will be profound and will continue to be great.

The development and delivery of this protocol on the key blockchain bring numerous added value and commercial opportunities. These can be tracked alone by PhotoChromic, developed in a joint venture with other parties, or provided to third parties who utilize the procedure for their commercial risks and benefits.

Source: https://www.cryptonewsz.com/photochromic-joins-hands-with-paribus-to-offer-additional-utilities-for-the-cardano-defi-and-nft-ecosystem/

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/economy/...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.6K views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)