Non-fungible tokens (NFTs) and the mining of Stablecoins have become the most attractive ventures for investors in the crypto-verse. They are also some of the most interesting topics for investors wanting to generate higher gains from the crypto industry.
The recent Terra (LUNA) dilemma has become a major topic and concern among people in the cryptocurrency industry. They are now eager to know why assets such as Avalanche (AVAX) and Bitcoin (BTC) should be adopted for backing up stablecoins.
Origin Protocol (OGN) is Gaining Momentum
Origin Protocol (OGN) is among the protocols that have gained popularity in the decentralized finance and NFTs sector. The on-chain data analysis surrounding Origin Protocol shows that on May 8, it exhibited a low price of $0.25.
After undergoing a 143% upwelling, Original Protocol’s exchange value had grown up to $0.725 by May 15.
There are multiple reasons that have led to Origin Protocol’s growth despite the overall cryptocurrency dip. Among the reasons, the first one is rewarded for staking, next reason is the developments made by OGN with the stablecoin, Origin Dollar (OUSD). Then the next reason is the expansion of the ecosystem for non-fungible tokens.
OGN Aims to Make Staking Extremely Lucrative
Origin Protocol is waiting to gain a proposal for the governance. If that happens, then the stakers will start receiving fees from the Origin Story platform. If that happens, then Origin Protocol would become extremely lucrative for the stakers and users.
Even the creators, celebrities, and musicians prefer using the launchpad provided by OGN for NFT minting. If they stake their NFTs and other tokens, they will get a portion of the fees the users pay on the Origin Story platform.
Origin’s Stablecoin is Overhauled
Origin has also overhauled its Origin Dollar. It has also worked on boosting the performance and boosting the performance and utility of Origin Dollar. To increase the demand for Origin Dollar, they will be working on listing the Origin Dollar on different cryptocurrency exchanges. Origin will also be adding a governance token to the protocol.
Origin Protocol already carried out polling to find out if the holders of OGN are willing to go for the governance token or not. The polling took place in March and saw many OGN holders voting in favor of the proposal for the governance token.
Advancement of the Ecosystem for Non-Fungible Tokens
Origin Protocol is constantly working for the expansion of the ecosystem it is offering for the users. In recent months, Origin Protocol has launched many projects for the growth of the NFT ecosystem.
Apart from the NFT ecosystem, Origin Protocol has launched a PVP role-playing game, Blades of Valor.