The development of NFTs has already begun to transform the gaming industry. One trend is to make games more immersive than ever, and another aspect is that a lot of people are now looking for opportunities in this sector due as it’s one of the most exciting things happening currently.
Smart contracts are a new form of software that is used on the Ethereum blockchain. They allow people to create agreements and transactions with each other without any middlemen. A smart contract can be programmed in a language called Solidity, which was created specifically for this purpose. These contracts are then stored on the blockchain, where they cannot be modified or deleted by anyone but the owners of said contract.
This article first appeared on Crowdfundinsider.
Kirobo revealed this week that their Liquid Vault, a non-custodial on-chain wallet, now supports NFT. Its ability to interface with decentralized finance (DeFi) services on compatible blockchains has also been enhanced.
The total wealth locked in the DeFi ecosystem has also increased, providing investors and traders with a variety of innovative services driven by on-chain smart contracts. As blockchain continues its triumphal march into mainstream banking and entertainment, both trends are projected to accelerate in 2022.
With this update, Liquid Vault now supports all ERC-721-compliant NFTs, allowing users to transfer their tokens in and out of the vault as well as mint them directly in the vault. A user-friendly graphical interface presents the material linked with each token in a digital album, allowing users to access and enjoy their belongings straight from the vault. All of the vault’s other features, such as backup and inheritance, will operate with NFTs as well.
The second significant new feature in the upgrade is Wallet Connect, which allows users to access practically any smart contract on compatible blockchains. Users may put their assets from the vault to work in a range of DeFi services, including yield protocols like Compound and Aave, stake or sell them on exchanges like Uniswap and Sushiswap, and utilize a variety of other decentralized apps via Wallet Connect (dApps). The upgrade significantly increases the number of services accessible via the vault’s dApp Connect feature, taking it to a whole new level of flexibility.
“DeFi must be as user-friendly and secure as possible to become our default method of handling money,” says Asaf Naim, CEO of Kirobo. “The new capabilities in the current release build on the strong basis that our core functionality already provides. They provide users with the same flexibility as any on-chain wallet, but with additional features that make it safer and easier to use. Liquid Vault is the ideal entry into crypto that anybody can think of, with its NFT display and extended DeFi functionality.”
“In conventional internet banking, your app serves as a one-stop shop for everything from account management to investing and trading,” explains Tal Asa, Kirobo’s co-founder and chief technology officer. “With the new upgrade, Liquid Vault extends this to the blockchain space, providing customers with easy access to all prominent dApps.” The additional capabilities enable the Vault to serve as both an NFT hub for minting, storing, and more, as well as a nexus for all of the user’s DeFi requirements, considerably increasing its adaptability and utility.”
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