The Industry's Existential Threat

Stackspace serves the purpose of addressing some existing issues by proffering practical solutions. These issues are discussed in this section.

On-chain Limitations

The very structure of NFTs creates security and non-fungibility; however, every NFT has on-chain restrictions. This means that NFTs created on the Ethereum blockchain cannot be traded on the Polygon blockchain. The lack of communication between these blockchains sometimes makes trading activities difficult, as users will often have to find alternative routes if they choose to embark on any trading activities.

This restriction has a ripple effect that often questions the functionality of the NFT itself. E.g., you can’t buy a Solana-based NFT and attempt to trade it on a Binance Smart Chain-based exchange or marketplace.

Scam Projects on Launchpads

The DeFi ecosystem experiences the highest number of cyber criminals attacks and also sees a higher number of scam projects. This is because the concept of DeFi promotes the non-involvement of a central moderating unit. The bad side of this is that anyone who can afford listing charges can create any project, and list it on a supported DEX. This poses a threat to platform users who might invest their hard earned assets.

Mono - Platform Economy

The DeFi ecosystem is quite broad, restricting the number of features on a platform to just swap/trade, and staking may not carry on the DeFi legacy properly. It doesn’t ensure easy use of DeFi tools if users are required to switch between Dapps to perform related functions.

Restricted investment Mechanisms

Most stake farms, liquidity pools, and other investment mechanisms available on DeFi platforms are static and not innovative in terms of entry. At Stackspace, we believe that there should be multiple points of entry through which users can make investments creatively, and can mimic the user's daily habits

Listing Considerations

Project owners searching for launchpads or marketplaces to list their assets often have to go through the process of finding platforms that can be compatible with their assets. Blockchain restrictions are usually one of the most significant factors in this case.

Project teams must look at factors like the size of the community, popularity index, blockchain support, and much more. Stackspace is about to render this particular process ineffective.