PRESS RELEASE

Uniglo (GLO) Investing In NFTs, Rumored To Be In Negotiations With Bored Ape Yacht Club (BAYC) And Paxos (PAXG)

Author: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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    Two asset classes that remained in high demand during periods of economic instability are proliferating and introducing younger generations to the market. Hence, it is no surprise to hear rumors about potential collaborations for Uniglo with the most prominent NFT collection and digital gold asset, which are sitting in many portfolios as preferred investment options of Gen-Z investors.

    Uniglo

    Uniglo made it its mission to mitigate the downsides occurring in volatile markets by backing the value of its native token GLO with a curated assortment of digital assets. As a result, investors can remain calm in times of high volatility, with a decentralized vault acting as a shield protecting and even raising the value of the protocol. In addition, the ultra-burn will facilitate the supply’s scarcity, which results in a favorable value appreciation even during bear markets.

    Bored Ape Yacht Club

    The Non-Fungible Token (NFT) market will grow twice as big as the traditional Art Market by 2026, offering digitized provenance minted transparently on the blockchain to collectors. The phenomenon Bored Ape Yacht Club, or short BAYC, is one of the most valuable collections to date, created by Yuga Labs. Every grungy ape of the 10,000-strong collection is trading at a minimum of $100,000 or 75 ETH (Stand: 20/09/2022).

    Rumors came to light just after Uniglo’s upcoming DAO started to back its native token in part with four digital art pieces. Since then, investors have voiced their support in pursuing a collaboration with the infamous Bored Ape Yacht Club, depicting contemporary apes with unimpressed expressions.

    Paxos – Digital Gold Rush

    Pax Gold is tapping right into the affinity of younger generations for digitalized assets, backing each of the issued tokens PAXG with a troy ounce, equivalent to exactly 31.1034768 grams of physical gold. Most consumers that purchase assets like gold or digital versions of it look for safety and liquidity, pursuing medium to long-term investment strategies. The historically low-risk profile of gold fits right into the design of Uniglo, eyeing value protection and wealth creation.

    Conclusion

    Buying an asset solely for rumors is as old as Wall Street. However, it can be a valid investment strategy if they pan out and return a decent profit. Keep in mind that Uniglo is currently in its seed stage of raising development funds, an opportunity that is incredibly rare if the team behind the project is pursuing a collaboration with industry giants like Bored Ape Yacht Club And Paxos.

    Find out more:

    Presale URL: https://presale.uniglo.io/register 

    Website: https://uniglo.io 

    Discord: https://discord.gg/a38KRnjQvW

    Twitter: https://twitter.com/GloFoundation1

    Telegram: https://t.me/GloFoundation

    Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.

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    Coinpedia

    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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