Access Protocol’s native token ACS soared by over 50% within 24 hours after the project revealed new use cases for collateral non-fungible tokens (cNFTs).
Access Protocol, a Solana-based protocol aiming to create a new way content creators can earn money, has introduced two new use cases for collateral non-fungible tokens in its latest version. The first improvement is that cNFTs can now be wrapped using Access Protocol’s native token ACS, enabling new possibilities for content distribution and monetization.
Access v2 introduces two brand new use cases to NFTs
1⃣ $ACS wrapped cNFTs
2⃣Reward bearing cNFTsThis introduces a new level of composability for content distribution and monetization.
All enabled by @metaplex and Access Protocol v2.
Soon™️
— Access Protocol (@AccessProtocol) February 6, 2024
cNFTs, or collateralized non-fungible tokens, are a type of NFT that is backed by collateral. This collateral can be any digital or physical asset with value, such as crypto, real estate, or intellectual property rights. By collateralizing an NFT, its value is tied to the underlying asset.
You might also like: Japan Airlines and Hakuhodo to launch NFT collection
In addition to the cNFT enhancements, Access Protocol has also rolled out reward-bearing cNFTs, providing users with opportunities to earn rewards through active participation in the platform. This move is aimed at incentivizing engagement and fostering community activity within the ecosystem.
According to the announcement, the latest update was made in collaboration with Metaplex, a Solana-powered protocol that allows for the creation and minting of non-fungible tokens, auctions, and visualizing NFTs.
While specific details of the update are yet to be disclosed, the crypto community has seemingly responded positively, with ACS prices surging by over 55% to $0.00333 in the past 24 hours, according to CoinMarketCap data.
Founded in 2021, Access Protocol is a blockchain platform dedicated to offering decentralized access solutions for content creators, developers, and users. Utilizing ACS as a digital asset, the platform enables token-gated paywalls, empowering creators to distribute and monetize their content.
Read more: Spain’s finance ministry targets crypto, NFTs with new tax reform
buying cheap clomiphene price where to buy generic clomid get generic clomid pills can i get clomiphene pills can i get clomid without insurance can i get cheap clomid can i buy clomid without prescription zei:
The thoroughness in this break down is noteworthy.
I’ll certainly bring to be familiar with more.
zithromax 500mg canada – order tindamax generic metronidazole for sale online
order semaglutide 14 mg without prescription – order semaglutide for sale order cyproheptadine online cheap
generic domperidone – buy sumycin pills for sale buy cyclobenzaprine no prescription
order generic inderal 10mg – cheap inderal buy methotrexate 5mg generic
augmentin 375mg over the counter – https://atbioinfo.com/ acillin usa
buy esomeprazole 20mg generic – https://anexamate.com/ nexium generic
coumadin 2mg usa – anticoagulant order generic cozaar
buy cheap generic meloxicam – https://moboxsin.com/ buy mobic medication
purchase deltasone generic – apreplson.com buy generic prednisone 40mg
ed pills comparison – https://fastedtotake.com/ best ed pill
purchase amoxicillin generic – amoxil medication generic amoxicillin
buy generic forcan – https://gpdifluca.com/ order fluconazole 100mg
cenforce 50mg ca – this cost cenforce 50mg
mint pharmaceuticals tadalafil reviews – click mint pharmaceuticals tadalafil
cheap ranitidine – site zantac 300mg cost
cialis 20 milligram – this canadian pharmacy online cialis
Thanks recompense sharing. It’s top quality. https://gnolvade.com/
blue viagra pill 100 – https://strongvpls.com/ cheap viagra for sale uk
This is a keynote which is virtually to my callousness… Diverse thanks! Quite where can I lay one’s hands on the contact details due to the fact that questions? https://buyfastonl.com/amoxicillin.html
Thanks on putting this up. It’s well done. ursxdol.com
The thoroughness in this break down is noteworthy. https://prohnrg.com/product/diltiazem-online/
Facts blog you procure here.. It’s intricate to assign high status belles-lettres like yours these days. I really comprehend individuals like you! Go through mindfulness!! https://ondactone.com/simvastatin/
This is the kind of topic I take advantage of reading.
toradol 10mg usa
This is the gentle of literature I truly appreciate. http://zgyhsj.com/space-uid-978084.html
buy cheap generic forxiga – https://janozin.com/ buy forxiga 10 mg online