The Future, Now: NFTs and their prospects within FirePin token (FRPN), Solana (SOL), and Stepn (GMT) ecosystems

NFTs are unique, non-transferable data units that are stored on a blockchain. For example, digital assets like photographs, movies, and audio can be NFTs, as they keep the underlying digital files open to sharing and copying so that the public certificate of authenticity or evidence of ownership may be issued.

Solana and STEPN have benefitted from the recent boom in NFT interest, and it will be interesting to see how FIREPIN's venture will benefit the project.

Hoping to FIRE(PIN) on all cylinders: uses, tokenomics, and more

FIREPIN token (FRPN), founded in February 2022, is a community-orientated project that will allow users to utilize features such as DeFi (decentralized finance), NFTs (non-fungible tokens), and the metaverse space.

The token is a decentralized autonomous organization (DAO), with the blockchain-centered around the demands of the users. DAO integration and artificial intelligence support will be realized in the first quarter of 2023.

They are also creating a metaverse empire that will aid in providing a unique experience using virtual reality.

FIREPIN is available on the Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC) networks, with 100.000.000.000 FIREPINS tokens across all protocols.

The NFT usage is an attractive prospect, with both Ethereum and Solana benefitting from the influx of users looking to join this rapidly developing area of the crypto world.

This could lead to a similar performance for FIREPIN in the market as user adoption increases, especially as FIREPIN plans to have its NFT marketplace accessible across several different blockchains – Ethereum ERC-20, BEP-20, or Polygon ERC-20.

Here comes the Sun: Solana and NFTs

Solana launched on Mainnet Beta in March 2020, shortly after raising $1.76 million in a public token auction hosted on CoinList, and since then, the so-called 'Ethereum-killer' has risen in popularity. With over 76 billion transactions, 1000+ transactions per second, and a $0.00025 average cost per transaction, it's easy to see why Solana has become so widely adopted.

NFT usage across the Solana ecosystem has also aided in its impressive performance, and the leading Solana NFT wallet, Phantom, has over 2.1 million users, with an estimated 100,000 joining every week.

The release of their app on iOS and Android has made the adoption of this software even more widespread, and despite a drop in the price of Solana over the past few months, many users in the NFT space are still bullish on the long-term prospects of the project, regardless of the bear market we find ourselves in.

STEPN – to the future

STEPN was developed by FindSatoshi Lab Ltd., with the goal of becoming the leading crypto-fitness game for smartphone users.

It won fourth place at last year's Solana Ignition hackathon and is available to download on Android and Apple devices.

STEPN falls under the 'move-to-earn' NFTs, with a varying range of rarity shoes offering different levels of token earnings (GST) through movement. The cheapest shoes on the app are 6 sol ($279.60), while on the leading Solana marketplace, Magic Eden, shoes are 7.35 sol ($342.5) at the time of writing.

With over 580,000 players, it's clear the prospect of being able to 'side-hustle' simply by walking, jogging, or running, is an appealing one to many within the crypto-sphere.

However, the value of both the shoes and of the Green Satoshi Token (GST) took a downturn after the game was banned in China as Chinese authorities deemed all activity related to digital assets to be illegal.

This now gives prospective users a lower cost of entry and may even be the correction needed to appeal to an even wider audience, which may only benefit holders soon.

Join Presale: https://presale.firepin.io/login

Website: https://firepin.io/

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