BitCake: Allowing You To Have Your Crypto Cake, And Eat It Too
So you’ve heard all the buzz around the crypto world, but is it really worth the hype?
The digital marketplace has skyrocketed in recent years with the global blockchain market expected to reach $23.3 billion by 2023. There has been an influx of businesses wanting in on the action, but uncertainty still remains for many people. After all, Bitcoin, arguably the largest and most well-known cryptocurrency available, was only invented in 2009.
However, with the recent attention given to blockchain and the popularity garnered by cryptocurrency throughout the world, new and exciting opportunities have begun to appear. BitCake is one of those industry-defining opportunities dead set on revolutionizing how collector items are traded, managed, and protected. BitCake allows users to discover rare music, videos, digital sports memorabilia, digital art collectibles, one-of-a-kind podcasts, and rad gaming collectibles through their Binance Smart Chain based NFT marketplace.
Not sure what any of that means?
Understanding the technology
Binance Smart Chain (BSC) allows for super-fast trading across multiple platforms, making it easy for users to exchange and trade cryptocurrencies. It’s essentially the new all-singing, all-dancing platform optimized for speed and reliability. Most other systems and services are using the Ethereum blockchain, which is considered one of the ‘original’ platforms. Unfortunately, it currently has some of the highest fees attached to it and its future performance is in question, causing many people to shift to BSC.
Non-Fungible Tokens or NFTs, are unique tokens that cannot be replaced or replicated. For example, original artwork is a one-off. You can make a copy of it, however, nothing can replace the original. And if you traded that art piece you would receive something different, perhaps money or another piece of artwork. The idea is that an NFT gives the buyer a one-of-a-kind digital experience. While someone may try to make a copy, buying an NFT makes you the owner of the original piece by imprinting the transaction and item into the blockchain, solidifying ownership and authenticity.
So who is BitCake and why should you take note?
BitCake is a creator-centric marketplace, founded by IBM and University of Colorado student Shane Cormier. Looking to “put the power back in the hands of the artists,” CEO Shane Cormier stated, “The music industry has taken a few beatings over the last 20 years, but BitCake is the solution to the music industry’s woes.”
BitCake will be the first major NFT marketplace on the BSC and is set to be the marketplace for artists and collectors. Hosting the most novelty based NFT’s of any marketplace, the platform will provide a hive of activity for creating, selling, and collecting digital items.
The international music industry has already got its eyes on BitCake as potentially holding the most expansive audio NFT offering of any digital marketplace.
How to get a slice of this BitCake
With rumors of weekly premiers showcasing exciting NFTs offerings from music stars to world champion sporting athletes, BitCake will soon be the go-to marketplace for novelty NFTs. BitCake even features in-house design by CakeShop. This collaboration allows for the development of incredible NFT collectibles for franchises, organizations, and celebrities, giving collectors a truly one-of-a-kind treasure.
So take a look at the BitCake marketplace today, it promises to soon be a collectors dream come true.