Cashtokens Upgrade 3 Months Out: BCH Developers Building NFT Creator Studio, Marketplaces, Wallets, and More
Since the bitcoin cash network’s cashtokens upgrade on May 15, the blockchain’s development has continued at a busy pace. Development surrounding cashtokens, which allows for smart contracts to be processed onchain by utilizing unspent transaction outputs, has led to the creation of numerous non-fungible tokens (NFTs) and marketplaces like tapswap.cash. Despite modest NFT sales and trading activity, decentralized exchanges and marketplaces are still in their early stages.
With the power of the upgraded chain, advocates of cashtokens point to the ability to enable more types of permissionless peer-to-peer exchange for lower fees than other leading protocols. Some examples of NFT collections include bitcats heroes club, emerald dao, and bch gurus.
Paytaca, creator of the cashtokens-friendly paytaca wallet, is currently developing a tool called cashtokens studio, which will enable anyone to create their own NFTs via the cashtokens protocol. One popular NFT project is the bch gurus, which is building price prediction games using NFTs and other tokens on the new protocol.
To support the development of defi applications, new tools will need to be developed from scratch for cashtokens’ simple token primitives. Bitcoin Cash’s development has been thriving over the past few years, with entrepreneurs, dev teams, and individuals working together to make the peer-to-peer cash revolution happen.
To maintain complete control over one’s crypto, non-custodial bitcoin cash wallets such as Paytaca, Electron Cash, Cashonize, and Zapit are supporting the cashtokens upgrade.