BakerySwap

Could you introduce your project?

BakerySwap is the all-in-one DeFi platform: a comprehensive decentralized exchange including swaps, liquidity farming, NFT+DeFi, NFT marketplace, NFT+physical, NFT+Blind Box, launchpad, gamification, and much more. Bakeryswap believes that NFT is the new direction of the crypto market, and we are trying to innovate and combine. ​

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What is your belief in NFT? Which field do you think has the most potential for NFT to be implemented?

The type of assets that are tokenized in an NFT does not go by the standard rule of supply and demand. Assets like painting and artwork increase in value because of their scarcity. For other tradable goods, an increase in demand is met with an increase in supply. But, an increase in demand for Picasso’s artwork will never lead to an increase in supply. This scarcity helps the underlying assets of NFT to grow in value. NFT is going to grow in the future because it's far more inclusive and exciting than the traditional realm of DeFi investments. In the DeFi market, the interest is towards only the financial return. Here, in NFT, the user expects a far deeper reward at the psychological level. With the world becoming full of digital-native objects, NFT is also expected to permanently settle the question of ownership. ​

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What do you think is the biggest challenge so far in the NFT application?

Need more practicality and functionality instead of hype. ​

What is the most exciting part of your project so fa and in the future?

BakerySwap has already laid out and developed a financial NFT gameplay that combines art, games, sports, etc., giving the platform currency BAKE financial attributes, creating a lot of BSC token assets and single-currency/dual-currency mining pool assets. Circulation conditions. At present, the Bakery ecosystem has formed a relatively complete closed-loop ecosystem. Users can not only trade Financial NFT assets on the platform, but also participate in high-yield mining pools, and participate in IDO, blind box, and real asset payment.We are expanding our influence in the NFT field. ​

Company Website: Bakeryswap.org

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