Upon announcement of a decentralized blockchain protocol marketplace and wallet we see the signs of a reversal. The market is built on L2ETH and has reduced the costs greatly. The protocol is non-custodial and can transfer ownership of many kinds of digital assets. The “0” beta version of the market is running right now and mostly selling art from their online community. In 24 hours the market broke 3million$ in transactions. The company expects to launch the “alpha” market any day. The utility of tokens like ERC20 are vast when one takes into account smart contracts that can be build into them. Concert tickets, games, film, books, software, movies, stocks, bonds, deeds of ownership, mortgages, t-bills, etc, could all be accessible in this marketplace in time. Thats from one secure wallet with the rights of ownership too another with very little cost. The cost to produce or “mint” these assets is also low, pennies each. This kind of market place is also a great aid in keeping inventory and helps to make the internal systems of a business considerably more efficient and transparent. The marketplace appears to be fully transparent I far as I understand it and has had easter eggs hidden in the code for their online communities to pick through and discover.
Note that the 200 day moving has been crossed and that it had diverged from the S&P500. Check out my second photo for a tweet about US yield plummeting.
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