First-of-its-kind mobile NFT explorer provides users a clear overview of digital collectibles
Despite their significant short-term gains, NFTs are as misunderstood as online shopping in the 1990s

With nonfungible tokens (NFTs) quickly rising to value, more and more people want to go all-in on this asset class. But, as any wise investor would encourage, the value of investing is in diversification. Leveraging this strategy, investors can balance short-term risks with a well-diversified portfolio while exposing it to the most long-term growth potential. The only downside is that tracking these assets, which are often managed on different applications, is another story.

Retail investors have to juggle multiple financial apps to stay on top of the market, making it nearly impossible to get an overarching view of their investments. Therefore, the thought of adding another one for nonfungible tokens (NFTs) has proven enough to deter first-time investors of this asset class.

Delta, a Belgium-based smartphone application, has gained traction by addressing this gap in the market with its multi-asset investment tracking app. Through this app, users gain a live view of everything in their portfolio with access to tools and charts, including popular stocks, cryptocurrencies, ETFs, mutual funds and NFTs. For investors, this means they can now access all pressing information at a single glance rather than navigating between financial apps in isolation.

Although user experience (UX) has been a focus of many application developers, Delta is one of the first to incorporate NFTs, which offer their own complexities, including managing multiple wallet addresses and staying up-to-date on new projects which have been popping up at an increasing rate, across over a dozen networks. Therefore, rounding out the Delta application is the addition of the first mobile NFT explorer that investors can connect to an Ethereum (ETH) wallet, either automatically or manually. This release will be followed by another update that will include multichain later this year, the team shares.

Like online shopping in the 90s

Although analysts deemed 2021 as the year of NFTs, many still do not understand what these applications are or how valuable these investments might one day become. As a member of the Delta team shares, "People don't understand NFTs, metaverse, and crypto today the same way they didn't understand online shopping in the 1990s."

Much like online shopping, many were used to the physical experience of going to the store. However, as the world spends more and more time online, they have become accustomed to a blend of physical and virtual reality, a stepping stone to the natural progression of the metaverse.


Polygon and others extend helping hand to Terra blockchain projects
In an effort to benefit the community and projects, Polygon Studios’ Ryan Wyatt tweeted on Monday that Polygon is assisting a number of Terra projects in moving over to the Polygon Network.

Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks.

In a move that is expected to benefit both the Polygon (MATIC) community and Terra projects, Polygon Studios' CEO Ryan Wyatt tweeted on Monday that Polygon is working with a number of Terra projects to assist them migrating to the Polygon Network. The Polygon community, according to Wyatt, "is ready to welcome the developers and communities of these Terra projects." He also stated that Polygon would provide the capital and resources needed to assist them in their migration.

Polygon founder Sandeep Nailwal added his two cents by detailing the options most suitable for Terra projects. He suggested that Polygon's proof-of-stake (PoS) chain may be utilized by community projects needing a common chain. Nailwal noted that zk-Rollups will be available on the PoS network soon.

Layer-1 blockchain project Fantom (FTM) also extended its support to the Terra community by stating that Fantom is prepared to assist any project or developer who desires to move away from Terra blockchain. The team at Fantom also detailed a grant program to help with integration, marketing and connections.

These efforts are sure to help get many Terra projects back on their feet following last week's events. Do Kwon, the creator of Terra, finally spoke up and offered a recovery plan. The possibility of implementing a hard fork in the Terra blockchain is one of the ideas being considered. However, because there is an overabundance of LUNA in the market right now, Binance CEO Changpeng Zhao stated that this approach will not work.

Despite his reservations, CZ agreed to offer assistance to the Terra community. He stated that:

“Regardless of my personal views, or the solution chosen in the end, we will always be here to support the community in any way we can.”

Ethereum co-founder Vitalik Buterin has also offered his opinion on the issue. Buterin thinks that any repayment plan for Terra should give special consideration to small investors.


The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures
B3’s director of information technology also said in January that the Brazilian stock exchange would launch several products with exposure to cryptocurrencies in 2022, including Bitcoin and Ethereum futures.

B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group's chief financial officer, André Milanez, made the announcement during a conference call on Monday.

Milanez did not provide many details on how the product will work. It is not yet known if B3 will form a partnership or if it will offer Bitcoin futures trading directly, but the timeline for launching this product was stated to be relatively short. "We plan to launch bitcoin futures in the next three to six months," he said.

Currently, in Brazil, institutional and retail investors can trade 11 ETFs through B3 with exposure to cryptocurrencies, including CRPT11 from Empiricus with Vitreo; the NFTS11 of Investo; QBTC11, QETH11 and QDFI11 all from QR Assets and META11, HASH11, BITH11, ETHE11, DEFI11, WEB311 all from Hashdex. In addition, in Brazil, there are more than 25 investment funds approved by the Securities and Exchange Commission (CVM) that offer different types of exposure to the crypto-assets market.

In January Jochen Mielke de Lima, director of information technology at B3, had already said that the Brazilian stock exchange would launch several products with exposure to cryptocurrencies in 2022, including Bitcoin futures and Ethereum (ETH) futures

At the time, the executive highlighted that the Brazilian stock exchange had been looking closely at the cryptocurrency market from a technological point of view since 2016.

According to the statement, B3 only needed to settle the question on whether the negotiations would be carried out against the U.S. dollar or against the Brazilian real. Futures contracts need a reference index, so if the team chooses Brazil's native currency, it will be necessary to compose a crypto-assets index in reais — something that does not exist now.

The B3 rep also said it is exploring ways to provide data inputs for the country’s central bank digital currency, or CBDC.


This Daily Dose was brought to you by Cointelegraph.

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