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How to Find the Right Buyer for Your NFT

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How To Find The Right Buyer For Your Nft
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Despite the recent downturn in the cryptocurrency market and NFTs, the use-cases for NFTs are constantly expanding. NFTs are here to stay, and with the current diminishing prices, it signals a good buying opportunity for investors.

But with NFTs being a new technology, buyers and sellers are still facing difficulties because most platforms make it very hard to find the right NFTs. A company called LUDO is currently developing its own platform to simplify the user experience in the near future. Today, with no optimization or aggregation on marketplaces, organic exposure, SEO, or proper advertising, it is tough to find the right NFTs. But with the tools Ludo is developing for the space, they will change all of that.

NFTs have become immensely popular in the last two years, recording a 200x surge in trading volume to reach $21.5 billion by late 2021. However, such growth has also led to a saturation in the market. The NFT space has become so massive and crowded that discovering promising projects is like finding a needle in a haystack.

Leading NFT marketplaces like OpenSea and Rarible have successfully connected buyers and sellers, but, at the same time, their scope is mostly limited to front pages and promotions. This creates a gap, especially because existing NFT marketplaces are seldom creator-friendly.

Most NFT marketplaces focus on high trading volumes above everything else, including customer turnover. But while ‘trending’ projects get much push from the platform’s algorithm, others remain undiscoverable. Therefore, with no search option helping buyers easily find projects they like, it is virtually impossible to find smaller projects that are not in the top 100. At the same time, creators find it difficult to sell their NFTs unless they are super trendy or have a massive marketing budget. Everything would be different if there was a  ‘explore’ section helping buyers find projects according to their tastes and interests. This would also significantly empower creators, increasing their chances of a sale. This is where Ludo comes in.

LUDO, An All-In-One NFT Platform

Ludo is a data-driven metasearch engine aggregator that feeds user data to help NFT collections achieve maximum discoverability. With a set of profiling tools and features that help unique projects stand out from the crowd and reach buyers with similar interests. Users enjoy a metaverse experience tailored to their needs based on a proprietary AI-based profiling algorithm or connecting their digital wallets.

One could think of Ludo as being the new optimizer for the space, in the same way, Google optimizes ads and search functions according to the users’ profiles.

Ludo is an app store that recommends similar apps to users who have a liking for them, this could be NFTs, metaverse collectibles, and other non-fungible items. This can help creators like you get the best value for all kinds of NFTs without relying on viral marketing alone.

In conclusion, marketplaces like Opensea are platforms where ANY buyer could buy from ANY seller. This leads to saturation and discoverability problems for creators. However, Ludo is a tool that would help connect the RIGHT buyers to the RIGHT sellers based on user profile data and preferences, opening new exciting opportunities for both.

 

 

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Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31

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Members of the crypto community have cast their ballots, so to speak, and now we’ll find out whether or not their forecast was accurate.

The consensus of the cryptocurrency market predicts a 20% increase in MATIC prices before the month ends, as reported by CoinMarketCap’s price prediction metrics.

This fairly optimistic forecast from the community suggests a high level of faith in both the token and the ecosystem.

Good news has recently hit the Polygon community thanks to a tweet from the official Polygon Twitter account announcing a new collaboration with the trading platform Robinhood.

Will Robinhood Team-Up Bring Good Results?

The tweet suggests that Robinhood has teamed up with Polygon to offer a bitcoin wallet service. FThe Robinhood Wallet app is built with DeFi in mind.

According to Polygon’s blog post, the Robinhood Wallet is a self-custody wallet, meaning that its owner has complete discretion over their cryptocurrency holdings.

Robinhood has made other forays into the cryptocurrency market, so this isn’t their first venture.

From its inception in 2018, it has been actively involved in the crypto industry, with Bitcoin and Ethereum being the first coins to be freely traded on the platform at no cost to traders. The change began in a select number of states.

By 2021, the trade of crypto assets has expanded across the whole United States, with the exception of Hawaii and Nevada.

The trading platform supports 11 cryptocurrencies, including Bitcoin and Ethereum. It also facilitates the trading of alternative cryptocurrencies, similar to Polygon’s MATIC token.

With over 37,000 decentralized applications available on Polygon’s platform, it will undoubtedly aid Robinhood’s most ambitious cryptocurrency endeavor. But how did investors and traders of Polygon respond to the news?

Rally In The Offing For Crypto?

As of this writing, MATIC is trading at $$0.778741, down 0.1 percent in the last seven days, data from Coingecko show, Saturday.

Currently, the token trades between the 50 Fib level ($0.6876) and the 61.80 Fib level ($0.7761).

The present support line lies at $0.7252, which is essential because this will be the support line the bulls can rely on if things go south.

If the price reaches the 61.80 Fib level again, we can expect a slight correction if there is sufficient buy demand.

Investor confidence is high as Polygon presses forward with its Robinhood relationship, given the community projection of a near 20% price increase.

MATIC total market cap at $6.8 billion on the daily chart | Source: TradingView.com

Featured image from VOI, Chart: TradingView.com

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Solana Outage Becoming a Recurring Event Worrying Investors

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Solana Achieves 100 Billion Transactions Milestone
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