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Saturday, January 28, 2023

Why Avalanche investors should maintain caution despite these new updates

  • Avalanche’s NFT ecosystem got good news as NAKAVERSE went multichain.
  • A few metrics and market indicators were in sellers’ favor.

Avalanche’s [AVAX] NFT ecosystem got good news on 23 January, which could help the network register growth in the field. Nakamoto Games, a metaverse ecosystem, recently announced that NAKAVERSE was poised to go multichain. They began by integrating NFTs with Dogecoin [DOGE] and would soon add other networks, including Avalanche.

The #NAKAVERSE will integrate #NFTs from all major #Web3 #Protocols.

Starting with $DC and $REEF , followed by $TRX, $SOL, $AVAX, $BNB, $DOT and $ADA.

This is part of our $NAKA Vision to make Nakamoto Games a central #Web3 Gaming Hub #Buildinghttps://t.co/5J722SwYaA

— Nakamoto.Games (@NakamotoGames) January 23, 2023

However, Avalanche’s performance in its NFT space was not up to the mark. Santiment’s chart revealed that AVAX’s total NFT trade counts and total NFT trade volume in USD declined over the last seven days.

Apart from the NFT space, Avalanche validators also got a new opportunity. DeepSquare, which is a decentralized cloud computing ecosystem, revealed that it was looking for 10 Avalanche validators to validate DeepSquare’s subnet.

Are you an #Avalanche Validator and would like to validate @DeepSQUAREio's Subnet? This is your moment!

Find all the details on how to join our grid!#AVAX #CloudComputing #Subnethttps://t.co/cRiiRKIRJO

— DeepSquare.io (@DeepSQUAREio) January 23, 2023

How has AVAX been?

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source: https://ambcrypto.com/why-avalanche-investors-should-maintain-caution-despite-these-new-updates/