The recent banking crisis in the United States, which saw the bankruptcy of the Silicon Valley Bank and rumors of a crisis at First Republic Bank, has triggered a surge in Bitcoin and cryptocurrency prices, with analysts predicting a sharp recovery for the crypto market. Balaji Srinivasan, former CTO of Coinbase, has even predicted that BTC prices could exceed $1 million within 90 days due to the weakening USD, although other experts are more cautious in their predictions.
The growing interest in cryptocurrencies has also led to a surge in popularity for NvirWorld’s NVIR, a deflationary coin operating on the Ethereum and Solana blockchains. The company offers various blockchain platform services, including a non-fungible token (NFT) marketplace, decentralized finance (DeFi) platform, and a hybrid decentralized exchange. Its upcoming Layer-3 mainnet is expected to be operational in Q4 of this year.
The deflationary structure of its native currency, NVIR, ensures its growing scarcity and value, attracting more investors to the platform. Key to NvirWorld’s appeal are its patented technologies and its dedication to corporate social responsibility management. The company has conducted various public interest activities such as NFT donation campaigns and recently signed a contract with World Vision, a leading non-governmental organization, to promote global donation projects.
As NvirWorld’s ecosystem expands, with a focus on high-potential markets such as NFTs, DeFi, DEX, P2E, and online social casinos, the mainnet launch in Q4 could be a major tipping point for the company. NVIR’s deflationary structure, with coins being burned based on mainnet activity, offers both potential benefits and risks for investors, and it remains to be seen how the activation of new services and the mainnet launch will impact the coin’s value.
CEO Jin-sook Lee remains optimistic about NvirWorld’s potential, stating, “We planned and executed the NvirWorld project to become a company that represents blockchain beyond Ethereum, and we are still moving forward to achieve our goal. The time has come for what we have built up to shine. That will be our turning point to grow into a company that leads the Web3 era.”
As the crypto market continues to evolve and expand, fueled by crises in traditional financial institutions and the development of innovative platforms such as NvirWorld, it is becoming increasingly apparent that digital currencies could potentially lead the way toward a Web3 revolution. However, it remains essential for investors and users to remain vigilant and research potential risks and rewards associated with emerging technologies and platforms.
Source: crypto.news
NvirWorld could ride the crypto bull run expected in Q2 2023
