Degrain Crypto is a promising NFT market with its own token that plans to launch in a few weeks. However, there is a lot of talk about his potential and overall credibility. Let’s take a closer look at this new addition to the NFT industry. Also, is Degrain Crypto a smart investment?

Degrain Crypto is an Upcoming NFT Marketplace

Introducing Degrain Crypto

Degrain Crypto promotes itself as the “world’s first cross-chain NFT trading platform” on its website. And its goal is to be at the forefront of the NFT boom.

Specifically, non-fungible tokens (NFT) are unique digital tokens that exist on a blockchain and cannot be replicated. This includes everything from digital art to games and sports collections.

Degrain wants to reward buyers, sellers and sniffers on its trading and payment acceptance platform for NFTs. Supposedly, it is the first NFT protocol to work with real-world businesses and share revenue via supported NFT.

Degrain Crypto claims to offer lower fees, no venture capital investment, and higher trading volumes than its competitors. It is currently in phase two of its pre-sale which ends on October 1, 2022. It will launch on Uniswap once the pre-sale phase two is complete.

However, cryptocurrency investors remain unconvinced despite the positive headlines. And they have every reason to worry.

Can investors trust Degrain Crypto?

Degrain’s credibility is in question for many reasons. For starters, there are crypto and NFT scams popping up all over the industry. And they stole millions from investors. Plus, all of Degrain’s big press comes from the team itself or from paid promotions. This is not a good sign given that no major outlets cover this supposedly “revolutionary” platform.

Additionally, Degrain Crypto has not undergone a full audit. Crypto-security company CertiK is currently finalizing an audit, although it has been repeatedly delayed.

Its symbolic price continues to increase and the Degrain’s Twitter account says the first phase of the presale was sold out and the second phase is on track to do the same. It may be, but many experts think it’s too good to be true. And even more analysts are suggesting a “wait and see” approach before making any investment decisions.

There are no independent news articles on Degrain Crypto. That alone should put you on guard against a pre-sale investment. At least wait until CertiK’s audit is complete. You can keep track of audit updates here.

Investing in Cryptocurrencies and NFTs

Bitcoin is the poster child of the cryptocurrency boom and bust cycle. And now, NFTs have also become a real investment opportunity. Yet the debate will always continue. Figures such as Elon Musk support digital currencies. Other distinguished investors, such as Bill Gates and Warren Buffett, are not fans at all.

Nevertheless, it is important that you do your due diligence before making any investment decision. Consider signing up for a FREE investment newsletter which provides you with crypto trends, stock tips and expert analysis. This research can help you balance and possibly improve your portfolio during this volatile market.

It is clear that Degrain Crypto is an intriguing opportunity for investors. However, it is too early to tell when it comes to its legitimacy. For now, you might want to keep a close eye on the news cycles surrounding this NFT platform and its next release.