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  • Writer's pictureDavid Manion

Cryptoons Provides Security to the Art Industry that Its Predecessors, Shiba Inu Failed to Do.

The global comic industry is one of the hottest in the world recently. It has gone beyond the era of being made “just for children”, with more meaningful works being produced and artists pouring their hearts into their works. However, a big issue remains.

As much as artists get rewarded for their work, users could easily find that artist’s work on the web as plagiarism persists. The whole issue with art theft is what Cryptoons (CTOON) aims to solve by implementing features other cryptocurrencies — such as Shiba Inu (SHIB) and Uniswap (UNI) — do not provide.

Cryptoons (CTOON) Non-Fungible Token (NFT) Factory Eliminates Issues with Art Theft

Cryptoons is a cryptocurrency platform that has acknowledged the work put in by artists and wants to create a better environment for them to deliver. Its focus is more on traditional art forms, including comics, manga (Japanese comics), graphic novels, etc. The goal is to take these artworks to the next level through blockchain technology and its numerous advantages.

CTOON is the native cryptocurrency of this platform, and it is built on top of the Ethereum blockchain. Cryptoons (CTOON) is the cryptocurrency that fuels the NFT factory, which is Cryptoons’ solution to art theft. The NFT factory is where artists can convert their artworks to NFTs (Non Fungible tokens), which has the advantage of its unique capabilities.

Only artists who have been verified to be original will be allowed to convert their works to NFTs. This, in turn, secures their work and makes it possible for it not to be plagiarized or replicated. Also, users can purchase these unique artworks with the CTOON token. It grants them a connection with their favorite artists in this factory model. Users also have the right to resell artworks they got with a percentage given back to the original creators to build an atmosphere of respect.

Shiba Inu (SHIB) Facilitates the Developers of Decentralized Exchanges (DEXs)

Shiba Inu (SHIB) is a meme coin that was created in August 2020 by Ryoshi. Shiba Inu was created to develop a cryptocurrency project that gave the community 100% of its authority.

The project started to make something out of nothing from the beginning. Shiba Inu’s developers believed that collective decentralization’s power could produce something significantly more significant than what centralization hoped to accomplish.

The project’s primary cryptocurrency, SHIB, is an Ethereum-based (ERC-20) token. The Shiba Inu (SHIB) token is a meme coin that enables the creation of DEXs (Decentralized Exchanges) and the integration of additional tokens and NFTs into the platform’s ecosystem by developers.

In July 2021, the token launched the Shibaswap DEX with features that provided numerous advantages to its users. The dig feature is one of the most notable. By staking their token, users were able to provide liquidity. As of the 11th of December, 2022, Shiba Inu has a market cap of over 6 billion with a total circulating supply beyond 540 trillion SHIB tokens.

Uniswap (UNI) Aims to be a Favored community-owned Token.

Software called Uniswap offers services similar to those of a traditional exchange. It creates a platform for users to connect, buy, and sell cryptocurrencies. It permits cryptocurrency trading without centralized or third-party intervention. Because its blockchain code is open-source, anyone can contribute meaningfully.

The primary token of governance on the Uniswap platform is UNI, the primary cryptocurrency. Uniswap (UNI) is crucial to the upkeep and operation of its network. Voting on proposals that have the potential to enhance the Uniswap ecosystem and provide growth opportunities is one way that holders of the UNI token contribute to the administration of the protocol.

The Uniswap team aimed to give users ownership of the protocol so that it could develop into a self-sufficient model. When Uniswap gave 400 Uniswap (UNI) to all of its users in 2020, this vision came true. As of 2022, only users with at least one percent of the total supply of UNI tokens can make suggestions for improving the platform.

Cryptoons (CTOON)

Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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