Komodo (KMD) is one of the top performing digital assets when writing on July 13. At spot rates, KMD prices are up 110 percent against the USDT on the previous trading day, equally outperforming ETH and BTC within the same period.
Komodo revealed that Vleppo and Tokel platforms are leveraging their technology to make NFT rights enforceable in the real world. The blockchain is an interoperable and highly scalable workshop and a platform for projects to build networks in a private yet secure environment.
Vleppo is a Komodo fork that empowers creators and unlocks the value of their digital work. On the other hand, Tokel is a highly scalable, zero fees portal where users can readily mint NFTs and create fungible tokens.
Preceding this announcement, Vleppo had, in June 2022, released a blockchain agnostic content management system (CMS) for NFT owners to create digital contracts in which they can embed their assets’ on-chain ID directly into the blockchain record of the same digital contract.
Subsequently, NFT owners in other networks, including Ethereum, Solana, and Polygon, can now get legal protection for their digital work through Vleppo’s CMS—a groundbreaking development with massive benefits to the digital world.
It also represents the first time an NFT solution has been released to fill the existing gap between current legislation and the digital world. Vleppo’s CMS addresses concerns about the legal enforceability of smart contracts anchoring NFTs.
The announcement was sufficient to propel KMD prices to spot levels, rapidly outperforming the tanking crypto market, responding to unfavorable U.S. inflation news.
According to recent statistics released on July 13, inflation rates in the U.S. are now at a 40-year high, rising to 9.1 percent. It is a discouraging performance that will likely force the FED to hike rates and further heap more selling pressure on stock and crypto markets.