The NFT market is quickly shifting from meme to moneymaker for those wise early adopters – DaFIN, one of the premier fintech NFT service providers is already making waves in the rising tide of the burgeoning marketplace. DaFIN recently began turning more heads when news of their MOU (Memorandum Of Understanding) with NFT players Changdeok Collection and Miracle City Gallery came to light.
This agreement is a huge step for DaFIN to secure more lucrative and established artworks and contracts that has allowed them to set their sites on opening a unique NFT marketplace that will solidify the foundations of the concept.
DaFIN: Growing Pains
Anyone with an internet connection has already seen how the general public view the Cryptocurrency movement, there are sadly too many misunderstanding the movement (much to their detriment) and not seeing the NFT and Cryptocurrency market as untapped potential for tomorrow’s world.
One only has to see what pundits like LINE Tech Plus have said about NFTs to know that they’re not a passing fad, they’ve predicted an upward growth to around $187 Billion dollar market by the end of 2025, and that’s being conservative. With such a trajectory on the cards, it seems silly to not be a part of the growing digital empire that the NFT market represents.
At the present time, an NFT can be construed as a ‘certified registered copy’ that is currently applied to digital assets like Virtual Art (you may recall the original apes), Virtual Real Estate (Metaverse vibes), as well as in-game items of value.
While the explosive exponential growth of the marketplace is something to behold for the fintech company, DaFIN is understandably conservative when it comes to the growing pains that the industry is working through, it’s a wild west in its current state, but with the germination of solid and expansive horizons if properly nurtured.
DaFIN has also gone on to say:
… “In order for the NFT market to be established as an industry, institutional mechanisms, investor protection, and technical stability measures are important. However, above all, considering the life cycle of the work, the fairness and transparency of the creation, storage, distribution, authenticity, and appraisal system should be secured as much as possible…”
DaFIN: The Current Landscape
Buyers in the current NFT landscape are able to determine the transaction price on top of various tidbit information bites on the seller’s other artwork assets – there is an expressed lack of information surrounding the workability and price rationality however which has led to levels of confusion surrounding the true value.
This is where DaFIN comes into the fray, basing their generation of NFTs on more tangible variables like the authenticity of the artwork itself, certs of ownership and history, as well as storage certificates and verifications. Through their fintech services DaFIN will also be able to access and securely store the entire process (including transaction histories).
DaFIN & The Future
Their recent MOU with two of the biggest NFT players has opened the floodgates for opportunities to establish legitimacy and stability for NFT marketplaces while also promoting real NFT business practices.
DaFIN is also in the promotion game for safe and secure storage of digital assets and have continued to expand their partnership circles with artists, galleries, and auction houses in domestic and international marketplaces to boost sales and stability across the marketplace. Artowkrs that are secured through the DaFIN service will be opened and propagated through real NFT marketplaces, with fintech services expected to be available in conjunction with their upcoming release of ‘DaFIN APP2.0’.