In this dashboard ,aim to provide an overview of the most popular NFT marketplaces AB2 Gallery and get a better understanding of their marketplace performance.
What is Algorand ? How does it competes with Ethereum ?
With ALGO, the native currency of Algorand, the network is decentralized and uses blockchain technology.By combining well-established cryptocurrencies with new technologies, such as Algorand will offer features such as decentralization, transactions without a central authority, and easy-to-divide tokens, without sacrificing speed or computing power.
According to reports, Algorithm could challenge Ethereum’s position as one of the biggest and most significant altcoins. Here are some differences.
Developers of DeFi have turned to Algorand as a network to develop applications due to the lower transaction fees on Algorand compared to Ethereum. To generate new coins, both Ethereum 2.0 and Algorand use the proof-of-stake method. However, members of the Algorand network only need one coin, while Ethereum 2.0 requires 32ether.
Algorand – AB2 Gallery
This NFT marketplace was developed by Khoa Tran, an artist who has become a large fan of the NFT network. AB2 Gallery , is a blockchain-based decentralized marketplace for encrypted art. AB2 Gallery offers artists and collectors trustless, permissionless, and secure trading solutions.
In this dashboard, we can get an overview of the number of NFTs sold from AB2 Gallery, the daily volume (ALGOs) and transactions held from the Gallery, as well as the limit up to which an NFT can be sold on a particular day.