The blockchain space is filled with innovative projects that aim to solve a specific issue found in traditional finance or in conventional systems.
With the increase in inflation rates, most investors are aiming to diversify in assets that have historically proven to be a hedge against it. One of the most notable examples of this is the sphere of precious metals.
Gold, silver, and platinum are metals that have been appealing to billions of people globally. Sparklo is one of the latest blockchain-based projects that will be the go-to platform for getting into them through fractionalized NFTs, and today, we will go over how all of that works.
Precious Metals And Their Appeal
Precious metals have historically proven to be one of the most stable types of investments, as typically, the value of gold will increase with the inflation rate. They offer, as a result, protection against this inflation, but also have intrinsic value.
They have no credit risk, and they cannot be inflated. This means that in the minds of many, keeping their money in the form of gold is much safer when compared to keeping it in the form of a FIAT currency. No more gold or other precious metals can be printed out, for example, unlike FIAT currencies.
Key Challenges Faced By Investors Aiming To Get Access to Silver, Gold, and Platinum
In the traditional investment space, getting access to gold bars can be difficult due to transportation costs.
Additionally, investors will need to pay for a secure location deposit box to store the gold or have to deal with the risk of keeping it in a personal safe, which also needs to be bought. Getting gold bars will typically require a lump sum to get paid upfront. There are also a lot of fees involved with the traditional methods of acquiring gold, as usually, a centralized institution handles the transaction or a bank is used, both of which have costs associated with the transactions. This is where Sparklo will shine.
Sparklo (SPRK) And Its Role In The Web3 Space
Sparko will be an investment platform where anyone can directly make fractional investments within silver, gold, and platinum. Every investment will result in a non-fungible token (NFT) getting created through the minting process, after which it will get fractionalized. Users can then invest in either the full gold bar, which the NFT represents or get a fraction of it they want.
Upon getting the full NFT, they can get the gold bar delivered to their chosen location. This opens up many opportunities, as all of the traditional barriers are broken. The team is going over a KYC application, and InterFi Network has already audited the platform.
Investors and traders have the unique opportunity of getting into the project early through its presale to get the most out of it. At the level one presale, SPRK trades at just $0.015. Analysts and cryptocurrency price prediction experts have predicted that its value can increase by 4,000% in the upcoming months.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance