Today the crypto market is at its peak with three trillion valuation and the whole market making a new ATH one day after the other. However, with the growing popularity the use cases of crypto market has also surged drastically with several new ecosystems thriving within the cryptoverse. Two of the most prominents use cases in the current market includes Defi which has grown to become a multi-billion dollar ecosystem on its own and the NFTs which have become the breakout use case of the crypto world. The NFT craze has engulfed the whole of mainstream with every mainstream brand and celebrity getting involved with some form of the NFT project. With so many use cases and ecosystems, it’s increasingly becoming complex for users to get everything in one place and this is where Out of Space comes to the rescue.
Out Of Space is constructing a full ecosystem that includes a trading terminal, CEX (centralised exchanges), and decentralised exchanges. ed trading in a single location and offers all DEX and CEX opportunities It takes advantage of all the benefits of existing DEX and CEX technologies and offers a variety of trading tools. The platform plans to launch its seed round soon. A user account that includes statistics and a listing of all transactions. The ability to change the size and location of any block in the terminal’s working space is provided in an interactive workspace.
The Out of Space project began recently and already has a beta product on offering. The creators released a fully functional product prototype which is constantly improving based on user feedback and market trends. The Out of Space community has been expanding by the hour and expects to become one of the most notable decentralized communities very soon.
What Makes Out of Space So Special
The Out of Space ecosystem is as different as the name suggests, it combines the best of Defi, P2P, P2E and NFT together, becoming a gateway to the crypto ecosystem for new entrants. What makes it even more special is the fact that it is building the whole ecosystem from scratch starting with developing its own blockchain, rather than depending on any other platform. This ensures safety, privacy and more decentralization as they won’t have to depend on a third party. Smart contracts will be supported by the multi-layered blockchain, allowing developers to deploy independent dApps that can interact with one another. Payments between different dApps on the blockchain are possible, as are the use of common ecosystem tools making for a seamless ecosystem.
The company has also created an internal P2P cryptocurrency exchange service for ecosystem participants. Any platform user can discuss the best conditions for exchanging digital assets. Furthermore, the escrow service will ensure transaction security and user trust.
The NFT marketplace would be centred on artists, where their creativity and potential would be assessed first, and then the best conditions for the creation of NFT would be offered. Only the lowest commissions and a detailed description of all NFTs are available. But that is not all we have to offer. Some people are always in need of something, while others are always willing to provide it. The marketplace has been developed for traders, investors, developers, job seekers, and IT/blockchain professionals, meaning created keeping every profession in mind.
There are hundreds of new NFT projects claiming to launch some ultra rare digital collectibles, however, there are very few selected and trusted number of marketplaces in the crypto market today due to lack of quality projects and review process. And a few which are great to use have a very high cost of transactions. Out of Space aims to end that with its platform that will host, list and trade only selected and rare NFTs with minimal trading and minting fees.
Out of Space is Building a Multi-Purpose Blockchain Ecosystem
Imagine a crypto platform where you can buy, sell and trade along with NFT auctions and trading and also a staking service for passive income. Out of Space has all these and its building even more functionality into its ecosystem. The platform offers the best of CEX and DEX functionalities as well which are integrated into the system, thus one can choose between the two as per their convenience. The seamless functionality is something that makes Out of Space so attractive.
Building a multi-utility crypto ecosystem could be a tough task, but Out of Space is taking each step with utmost care and aims to deliver a finished benchmark kind of platform. Investing in an ecosystem with such multiple uses and services would only multiply once the network becomes more mature overtime. The platform would also develop a decentralized NFT social network with a personal NFT page for each participant, and a messenger inside the ecosystem, that would allow traders to interact as well as earn from the social network platform.
To learn more about Out of Space visit Outspace.io