Here are 9 reasons that can make Chromia (CHR) a name not to be missed in this year 2021

It’s only a quarter of the way to 2021, but cryptocurrencies have reached new heights. Welcoming that wave of growth is Chromia (CHR) with many new developments that promise to make the platform one of the most promising names for the rest of the year.

Here are 9 reasons that can make Chromia a name not to be missed in this year 2021

# 1: Chromia deploys the NFT Originals platform

NFT has indeed become a phenomenon in 2021, and Chromia herself has not let herself be left in this trend by launching the NFT platform called Originals. This NFT standard is designed to support all games running on the Chromia blockchain.

# 2: Layer 2 scaling solution for Binance Smart Chain and Ethereum

Chromia is currently developing several solutions to increase the capabilities of Ethereum and Binance Smart Chain. Specifically, the NFTs on Binance Smart Chain is now linked to Chromia data. Soon, Chromia will introduce decentralized storage and token bridges to increase the use of Layer 2 scaling solutions for the aforementioned blockchains.

# 3: Independent Mainnet launch

Although 2020 has been a successful year for Chromia, the project has disappointed the community when it is late to this mainnet to 2021. However, Chromia is now ready to introduce its own mainnet. This means that CHR tokens will be transferred from ERC-20 on Ethereum to the FT3 token standard of the new Chromia blockchain. And yet, users will be able to use both tokens in parallel, as well as deploy apps that work purely on the Chromia blockchain.

# 4: Strengthen cooperation with governments

Chromia’s parent company ChromaWay AB has a vast client file, thanks to its own open-source public blockchain. Recently, ChromaWay advised a committee to research the use of blockchain in public bookkeeping for the Swedish government.

# 5: Promote land registration

ChromaWay has participated in several land registration pilot programs that are moving closer and closer to becoming a decentralized activity. These pilot programs include LAC Property Chain and a partnership with Lantmateriet, a Swedish land registry.

# 6: The field of gaming on the blockchain is getting bigger and bigger

Chromia is currently a member of the Blockchain Gaming Alliance. In recent years, Chromia Studios and Antler Interactive (game graphics studio owned by ChromaWay) have continuously released new products and updates. With Chromia’s mainnet rollout, existing games like Nova’s Journey and Mines of Dalarnia will be re-rolled on the new blockchain.

Besides, partner games like My Neighbor Alice will continue to bring new experiences to users. Not stopping there, these games will soon support the NFTs created through the Originals platform.

# 7: Plans for CHR tokens

By the end of 2020, Chromia has completed the allocation of CHR tokens, as well as has been listing on major exchanges Binance, Huobi, and Upbit. In 2021, CHR tokens will continue to be used more to become the “backbone” of the entire Chromia ecosystem.

# 8: Hedget and DeFi applications

The first project incubated by Chromia was that Hedger is stepping up to become a Defi giant. Hedget has just made a strategic move to integrate Binance Smart Chain, but will still choose Chromia as a Layer 2 scaling solution.

# 9: ChromaWay AB is also going sustainable

The success of ChromaWay AB has had a positive effect on even the Chromia blockchain. In 2020, Chromia was named Sweden’s fastest-growing technology company by Deloitte auditing firm. This is beneficial for both the parent company and the Chromia blockchain in the long term.

The most challenging stage for a blockchain project and its token is the development process after implementing the IEO until successfully building its product. It’s been a challenging journey, but the Chromia team is confident in both the technology and the business aspects that the project will overcome these challenges, realizing its goals in 2021.

Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.

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