#Blockchain wallet litecoin drivers
In the NFT segment, trading volumes of around 10.67 billion US dollars were recorded from July to September, a little more than 700 percent more than in the previous quarter.Īxie Infinity supermarket was one of the main drivers behind the blockchain game. “With all the excitement surrounding Ethereum collectibles like CryptoPunks and Bored Ape Yacht Club (BAYC), the role of NFT in-game items can be overlooked.” NFT collectibles in this game generated $ 2.32 billion in revenue for the third quarter, the study adds, adding that that number represents 22% of total NFT trading volume over the period: The increase in gaming activity is mainly driven by the play-for-money movement and the tokens that cannot be used in the game. Unique active wallets refer to unique addresses that interact with a particular smart contract, so this does not necessarily carry over to daily active users. This equates to almost half of the industry’s activity, with the blockchain industry registering an average of 1.54 million individual daily active wallets over a three-month period. Thanks to OmniLite, building a layered economy on top of Litecoin has never been this accessible.Ĭurrently, OmniLite supports a wallet mode (Litecoin Omni) and is available on three platforms: Windows, Linux and MacOS.According to new research, the number of crypto wallets participating in blockchain games has skyrocketed in recent months.Īccording to the “Blockchain Gaming Report” from DappRadar in the third quarter, the individual active wallets that were connected to decentralized gaming apps totaled 754,000 in the reporting period. While other networks such as Bitcoin and Ethereum’s have been experiencing saturation issues, developers may want to take advantage of the significantly cheaper transaction costs and security Litecoin has to offer. The creation of OmniLite will also facilitate the creation of stablecoins on top of the Litecoin blockchain. Thanks to the hard work by Litecoin developer Loshan and the Litecoin Foundation, with OmniLite, creating on top of the Litecoin network has now become significantly easier.
Litecoin, considered to be one of the most enduring cryptocurrencies over the past decade, is a prime example of this aspiration to tweak and innovate.ĭue to Litecoin’s minimal fee’s, along with its decade-long persistence and 100% network uptime, the opportunity to build assets on top of the Litecoin ecosystem was only a matter of time.
Over the years, the rapidly growing and ever-evolving cryptocurrency industry has become a hub of opportunity for builders across the globe. Consequentially, all digital assets created via Omni L ite benefit from the network advantages Litecoin has to offer. The tokens created via Omni L ite can be considered to be an extension of Litecoin and as a result, the transactions from these tokens are recorded on its blockchain. Omni L ite, being a layered protocol built on top of Litecoin’s blockchain, takes advantage of its reputable network security and low fees. Omni L ite is a an open-source platform that facilitates the creation of decentralized tokens and smart contracts along with crypto-assets such as tokens and NFT’s.
The Litecoin Foundation launches ‘OmniLite’ a decentralized token creation platform