Why Decentralized Exchanges Choose Blockchain Technology
Over the past ten years, Blockchain, the underlying technology of cryptocurrencies, has grown dramatically. Bitcoin is the first real example, when just launched, it has received a lot of support from countries around the world.
1. Unlock Blockchain’s Full Potential
Currently, Blockchain has impacted the industry in various ways. But for the technology to reach its full potential, solutions that evaluate interoperability and cross-chain functionality are needed. Built with the Cosmos SDK in mind, Konstellation caters to expanding decentralized capital markets through its cross-chain infrastructure. It strives to make asset management more seamless for users by operating under one umbrella.
In doing so, Konstellation integrated VegaX, an ASM known for its crypto investment products. As a result, users with access to VegaX’s indexing strategies can improve overall returns in DeFi. Furthermore, the platform has a separate suite of portfolio management tools, available on Taebit — a Korean DeFi platform that simplifies cryptocurrency investing and staking.
Konstellation also gives investors exposure to the metaverse through the Solana-based NFT game, Squid Squad OG, and an integrated marketplace, Kambrian. Furthermore, Konstellation recently went a step further to foster blockchain-driven innovation by launching a partnership incentive program with Osmosis Zone. This strategic partnership also sheds light the importance of Cosmos in general, when it comes to shaping the future of blockchain.
2. The scope of disruption provided by Blockchain
The functionality of the blockchain does not end with Bitcoin. There are many prominent use cases of blockchain technology that have helped the crypto market to accumulate over $1.8 trillion in market capitalization. That too, albeit with little or no interest and involvement in the early adult days.
Blockchain technology will be a disruptive force in industries. For example, it could transform the venture capital industry, reshaping the way companies raise money with the help of cryptography. This will help companies increase capital efficiency exponentially while also allowing decentralization. Security Token Offerings (STOs) are an effective use case in this respect. With STOs, startups can freely distribute tokens as equity and raise capital in a fully regulated manner.
Gaming is another prominent industry that blockchain has disrupted. GameFi is emerging as the next era in gaming and entertainment, in-game content innovation and NFT. As a result, gamers have access to unprecedented revenue streams, as evidenced by the massive popularity of Play-to-Earn (P2E) games. Furthermore, unlike traditional video games, blockchain games allow players to maintain ownership of assets and derive value in open markets.
NFT is very important to GameFi. But even further than that, they facilitate a number of use cases, including those of entertainment and digital art. Furthermore, DAOs or communities exclusively use NFT to define whitelisting and to control access. Emerging artists and creators also use NFTs to tap into their fan bases and generate revenue significantly above what they are earning on the Web2 platform.
In general, however, blockchain has a larger purpose. It solves the problems of a fragmented monetary system with digital assets.
3. Conclusion
Besides enhancing decentralized capital markets, projects like Konstellation greatly enhance the value proposition of blockchain for individuals and institutions alike. They unlock cross-chain liquidity, helping to prepare the ground for scalable and sustainable markets.
In turn, this initiates a positive feedback loop — innovation drives adoption and adoption encourages innovation. As more and more sectors implement blockchain, the world moves closer to Web3.
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