Secretum, a Solana-based messaging and OTC crypto trading platform is proving to be a much-needed solution for the metaverse ecosystem.
The year 2021 has seen the rise of numerous innovations, including Metaverse, which has become quite popular among developers and users alike. The Metaverse consists of currently emerging technologies that create a virtual world with endless possibilities. The Metaverse became popular following Facebook’s decision to change its name to Meta.
Notably, this popularity was also primarily influenced by other applications that have provided much-needed solutions for users in the Metaverse. One such project is Secretum! The platform allows users to send encrypted messages to other users while enjoying the numerous benefits of blockchain technology.
By design, the platform can help solve the new challenges that gamers and NFT traders are currently facing in the Metaverse. Secretum provides a secure marketplace that allows NFT traders within the Metaverse to trade their assets tapping into the growing metaverse economics safely. In 2021, the NFT market grew to over $9 billion, a 25-fold growth from the $340 million recorded in 2020. However, users are still faced with the colossal transaction fees burden associated with the Ethereum network.
Currently, it will cost a trader a gas fee of about 23% to execute an NFT transaction successfully. Harnessing the benefits within Solana, Secretum allows fast and cost-effective NFT trading and P2P communications. On average, the transaction fee on the Solana blockchain is about $0.00025, processing about 700,000 transactions per second.
Notably, Secretum will allow secure NFT and crypto trading through escrow smart contracts that allow users to locate NFTs owned by other wallets. This will allow traders to meet other traders and execute trades safely. In addition, the platform has high-security storage on a network of distributed nodes that eliminate central points failures and other risks.
Despite allowing communications with other users, the platform is fully anonymous, allowing users only to use their wallets during their registration period. The platform also supports cross-chain operations making it easy for users to navigate between Solana’s, Ethereum, and Binance Smart Chain. What sets Secretum apart is that it is a one-stop solution for all communication and trading needs. As the Metaverse era continues to grow in 2022, Secretum will undoubtedly leverage massively, taking its operations to the next level.
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