Polygon Boosts Layer-2 Kit with Celestia Data Availability Integration, Everlodge Brings Real Estate to the Blockchain
Photo: Everlodge
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/Everlodge/ – Polygon (MATIC) recently saw a major level of attention as the team behind the project unveiled plans to include Celestia’s data availability solution in the CDK. The move promises to reduce the cost of projects that choose to use it, and this integration is the second big planned upgrade that has been outlined, giving the crypto a boost.
Everlodge (ELDG) will be a property marketplace that will enable any user the opportunity to fractionally invest in hotels, vacation homes and luxury villas on the blockchain.
Polygon (MATIC) to Integrate Celestia Data Availability – Value to Reach $1.50
Polygon (MATIC) Labs announced that it would integrate Celestia’s data availability (DA) solution with the CDK as part of its available customization options for chains building with the stack.
As highlighted in the report, this move can reduce the costs for Layer-2 chains that opt to use the DA solution and will enable them to prove their transactions without needing to download the data to Ethereum. This typically incurs extra costs. Polygon Labs estimates that the cost reduction can lead to 100x reduction in fees for users.
During the past week, the Polygon crypto traded between $0.827356 and $0.930923. According to the Polygon price prediction, it can surge to $1.50 in 2024.
Everlodge (ELDG) Will Enable Fractional Investing in Properties on the Blockchain
Everlodge (ELDG) is an upcoming real estate marketplace that will solve key issues that have been a part of the real estate market for decades. For example, properties can cost millions of dollars in upfront capital. As a result, it was locked only to the elite.
Through Everlodge, all of this can change as the platform mints properties as NFTs and then fractionalizes them into smaller pieces. If a property is worth $7,000,000, it can be split among 70,000 pieces worth just $100 each.
There is also a Rewards Club where users can access free nightly stays. Each fraction can be resold at any time and contribute a lot of liquidity to the market.
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Moreover, a Property Launchpad will be implemented for builders to get access to funding from the community, and members will get access to early investment opportunities for high ROI. The native crypto can also be staked for passive income or used in governance.
Users who co-own properties on the marketplace can use the property-backed NFTs as collateral to obtain short- to medium-term loans as well.
Summary
Polygon can soon grow in value, but in the meantime, many are diversifying their holdings with Everlodge. With the massive utility of the ELDG crypto, the project has gained significant attention from traders.
Now, the project is undergoing its crypto ICO phase. During Stage 8 of the presale, ELDG is offered at $0.027. With its unique approach, blockchain implementation, and global accessibility, it can disrupt the $280 trillion real estate market. As a result, it’s seen as one of the best cryptocurrencies to buy now.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
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