In the world of Cryptocurrency, there are few projects with a team more seasoned and ambitious than that of the Perpetual Protocol Network. A platform that uses blockchain technology to create transparent markets for renting, leasing, and trading goods, this project is designed from scratch to be a wholesale replacement for the current supply chain world. These days it seems like everyone is investing in cryptocurrencies or e-commerce. This surge in interest in decentralized markets has led utilities like Amazon to offer Prime members discounts on their products through an internal cryptocurrency of their creation called Amazon Coins. But Perpetual is taking a different approach. Rather than offer a currency for the sake of a currency, they’ve built the platform with the idea that for long-term success, a currency needed to be designed around an actual economy.
Perpetual Protocol and Synthetix rebound
The Perpetual project has been in its early stages since 2013 when it was founded by chief visionaries Christopher Allen, David Kabrinski, and Tom Zubko. Recognizing the world of cryptocurrency would eventually shape the future of e-commerce, they began work on a platform that would trade physical goods through virtual means: Perpetual is a virtual marketplace for things. But while the team at Perpetual had been working on their platform as they gained experience, they did not have enough capital to build their platform from scratch. Enter Synthetix Labs, a digital blockchain development firm co-owned by Christopher Allen, David Kabrinski, and Josiah Spackman. With Synthetix, the Perpetual team was able to refocus their attention on the project and in 2017 they released the first version of their new platform. After two years of development, Perpetual is finally ready for users. As with every other venture in this industry, there’s a market that banks a lot of money on the success of projects like this one. Consumers are on board as well: Already Perpetual has signed up nearly 4,000 suppliers across the planet to begin working with them.
Optimism price prediction
Since Perpetual’s launch, the project has been well received by the market. Keeping up with the latest trends in blockchain technology, the company has put a lot of thought into developing a platform that feels natural and intuitive to use. For example, one feature that differentiates the Perpetual Protocol from its competitors is a unique asset management system. Utilizing this system, users of the platform can track and manage their assets across multiple blockchain networks according to predefined rules set by them. And while other projects offer similar features, Perpetual’s platform is designed to be able to support new asset types as they are developed. This means that even as the technology grows and changes over time, Perpetual will be able to adapt and continue working alongside it. But while this is an important development, there’s another reason why Perpetual might be just what consumers are looking for right now. Recent news has highlighted the problem with big tech companies like Amazon: These days it seems like every move they make is designed around profits. But in cryptocurrency, this profit-oriented mindset is not always beneficial for the users of a platform.
What is Optimism (OP)?
Well, it’s a cryptocurrency that gives users a real sense of ownership of their assets: with the Perpetual Protocol, transactions are recorded across multiple blockchains and as a result, users will be able to see proof of every item they buy. And since every transaction is recorded on the blockchain, users are provided with security and transparency unlike they’ve ever seen before. In a digital market like this one, trust is essential. And with the Perpetual Protocol’s transparency, it’s clear that if users decide to invest in the future of Perpetual, they’ll be able to make future predictions based on current trends. It seems like a lot of people are optimistic about the future of Perpetual. The price of OP has gone up over 80% in recent days. As news hits the internet about their platform and its features, there’s no telling how much this value will increase as time goes on.
