The advent of the internet has made the entire world shift for the next phase of life. One part of this transition is the invention of social media, which allowed people to communicate instantly. The trend of social media skyrocketed, and it is indispensable in today’s world. Progressively, it transformed a myriad of sectors, thereby making the processes simple and effortless. Among these, the financial sector is crucial and blockchain technology has levitated it to greater heights. Cryptocurrencies are one of the dynamic and powerful applications of blockchain. Decentralized finance Non-Fungible Tokens are the two buzzwords that made the entire crypto community look back. What happens if these trending concepts amalgamate into a single unit? Amazing, right? DeFi+NFT+Social media is definitely the next-gen pair. The massive rise of crypto trends has made it step into a novel age of utility innovations, which leads to mainstream adoption of crypto. This blog exclusively concentrates on this pair to unleash the potential it owns.
Torum – A Social Media Platform That Integrates DeFi And NFT
To all those questions wandering around your mind, Torum is the answer. It is basically a social media platform that is exquisitely designed for crypto users. As said, Torum (Beta) is the first social media that brings in DeFi and NFT innovations over a single platform. The name Torum had its origin from the amalgamation of the terms’ tokenization’ and ‘Torum.’ This platform strives to unite crypto users all over the globe to establish an end-to-end crypto ecosystem of the industry. It works on a remote crew administration. They are a bunch of 18 representatives, which includes the founders and core developers from India, Malaysia, Turkey, and etc., with excellent proficiency in UI/UX, smartphone applications, cybersecurity, and much more.
The platform was built top-down with an initial development fund of $300,000. It just kick-started with 1000 seed users, while presently, they have more than 25,000 active users. Securing under 50,000 ranks by Alexa, it remains one of the supreme platforms for crypto communities from various parts of the world. In short, the crypto devotees could stay connected with one another and take in access to all the crypto-based services on Torum.
The DeFi And NFT Creativity
In order to establish a unique place in the crypto space, it is necessary to be different from the top giant players such as Facebook, Twitter, etc. This made Torum come up with a groundbreaking strategy, thereby creating a social media platform exclusively for the audience who loves cryptocurrencies and blockchain. It wishes to encompass the modern utility innovation to stand out in the market. When asked the CEO of the platform, Ah Go, he uttered that the rise in Decentralized Finance and NFT is an ideal accelerator to bring onboard a wave of entrants into space, and definitely, Torum is the starting point.
The ideology of the platform is to bring in the newbies from a plethora of verticals, even without the knowledge of cryptocurrency. Incorporating these innovations will facilitate the crypto enthusiast to step forward greatly. Also, it fascinates the users who show massive interest in the concepts and technology behind blockchain and cryptocurrency.
Technology Stack Behind Torum
Torum, the social media platform integrated with DeFi and NFT, is a Binance Smart Chain-powered platform. It also provides space for an interoperable facility, which is the cross-chain swap feature on the Ethereum network. The tokens available in the platform are of BEP-20 standards that are compatible with ERC-20 tokens. On the whole, it is a dynamic platform that brings cutting-edge use cases to the industry.
Development Of DeFi And NFT Integrated Social Media Platform
The development of platforms similar to Torum is really essential. This is because it stands as a platform that bridges the gap between the general audience and the crypto ecosystem. Such platforms can rightly be developed by seeking the top-class blockchain-powered social media creation service provider. Before seeking the organization, it is mandatory for you to have extensive knowledge about NFTs and DeFi. Only with this comprehensive knowledge, you could be able to furnish the best result for your users.
The Future Trend Of DeFi And NFT Integrated Social Media Platform
We all know that DeFi had quite a slow start and the crypto space needed some time to recognize its abilities. After acknowledging such a sophisticated system that facilitates smoother and swifter applications, the projects involving DeFi elevated. And NFT is another red-hot concept in the industry. The unique traits and its scarcity make the owners gain millions and millions of dollars. What would be the future of a platform that integrates both? Assuredly, an apex! Undoubtedly, this platform would have a long run in the future and would continuously make efforts in exploring its potential to evolve to the subsequent stages.
How Would Cryptocurrency Exchange Script Assist you?
Cryptocurrency Exchange Script is one of the world-class blockchain and DeFi NFT social media platform creation providers. Our trademark is the quality service that we bestow all across the globe. Our out-of-the-world ideas, up-to-the-minute technologies, and adept experts make us the best suit for all your NFT and DeFi-based needs. We watch the market meticulously to update ourselves with modern trends. Social media integrated with DeFi and NFT is one such trend that will rule the industry in the near future. Our technical team lends an ear to all your requirements and develops the first-class Torum like platform with tailor-made functionalities and features.
Cool, right? Discuss with our team to take this to the next level.