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Main Blog Product Greet YGG, INJ, PHA, BLUR, RNDR tokens on itez!

Greet YGG, INJ, PHA, BLUR, RNDR tokens on itez!

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Today’s great news is that there are five new coins in the itez widget: YGG, INJ, PHA, BLUR, RNDR. It means that you can now add them to the collection without any hassle!

Getting these new coins is easy – no need for extra installations. The whole process is still quick, smooth, and convenient. Simply choose a coin in the itez widget, select a fiat to pay with, then pick your preferred payment method (bank card, SEPA, or Google Pay), and your coins will be in the wallet in just a few minutes!

Here is a summary for you to learn more about each of the projects.

What is Blur (BLUR)

Blur is a platform for NFT trading, allowing you to monitor popular NFT collections’ prices in real time, sweep NFT across marketplaces, and manage your portfolio with analytics.

NFT stands for ‘non-fungible token’. Such tokens are unique and usually made by artists to promote their art.

BLUR token, launched in February 2023, aims to provide the whole community with control over the DAO and participate in the project’s management. It has also attracted traders and liquidity. 

What’s Render (RNDR) made for

Render Network is a blockchain-based peer-to-peer marketplace made for a better 3D content creation experience. It allows artists to monetise the idle GPU compute powers via rendering.

GPU stands for ‘graphics processing unit’, while rendering means ‘image synthesis’. GPU was initially designed for graphics and image processing, but is now used for mining, gaming, content creation, machine learning, artificial intelligence, and so on.

RNDR is an ERC-20 service token required to provide rendering within the network. Tokens can not only be bought on exchanges but also earned for work done on nodes.

The purpose of Yield Guild Games (YGG)

YGG is a decentralised autonomous organisation (DAO), supported by Polygon, Animoca, and 200+ partners. It invests in NFTs used in games, aiming to create the largest fair virtual economy so that every player could get yield.

The YGG token is made for all the DAO participants to equally own and manage the entire network. There are now 285M coins in circulation, with a total supply of 1B. Part of coins are set aside and will be distributed gradually later to support the community.

What’s the aim of Injective (INJ)

Injective is a layer-1 blockchain made for building financial applications. The project's aim is to create a truly free and inclusive financial world.

INJ is the native token powering the whole Injective blockchain. It’s used to pay fees, provide security via staking, and govern upgrades.

What’s inside Phala Network (PHA)

Phala is a confidential blockchain with smart contracts that is made for developers. Using it, they are able to make seamless cross-chain integrations for their dApps, as well as provide them with connectivity to the internet, and heavy computation.

PHA is the network’s native token used for buying computing resources, paying fees, guaranteeing security through Proof-of-Stake (PoS) algorithm, and governance within the Phala project.

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Maria Kachura
Maria Kachura

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