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Home BUSINESS

Arbitrum Odyssey Week 2: Venturing into NFTs and Perpetual Trades

BlockNews Team by BlockNews Team
October 6, 2023
in BUSINESS, MEDIA, NFT
Reading Time: 3 mins read
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  • Arbitrum revives its Odyssey campaign, aiming to boost user engagement by exploring key protocols within its ecosystem, with a spotlight on tofuNFT and Aboard Exchange in Week 2.
  • Participants delve into NFT trading on tofuNFT and perpetual trading on Aboard Exchange from October 2 to October 7, earning exclusive NFT badges for mission completion.
  • Despite Arbitrum Foundation’s stance on future airdrops, speculation abounds on potential rewards, underlining the Odyssey’s pivotal role in Arbitrum’s bid to reclaim Layer 2 dominance.

In an attempt to regain its stronghold amidst rising competition from other Layer 2 networks, Arbitrum has reignited its Odyssey campaign. This initiative, initially launched in 2022, came to a halt due to escalating transaction fees but has now resumed, post the crucial Nitro upgrade. The Odyssey is a meticulously crafted 7-week expedition aimed at enkindling user engagement by exploring 13 quintessential protocols and communities within the Arbitrum ecosystem. 

Participants stand a chance to earn 16 unique NFT badges by accomplishing various tasks throughout this journey. As the Odyssey sails into its second week, the spotlight turns to tofuNFT, a bustling decentralized marketplace for non-fungible tokens (NFTs), and Aboard Exchange, a perpetual decentralized exchange (DEX) with a palette of professional trading tools. Users have until October 7th to complete week 2’s missions.

Unveiling the NFT Marketplace and Perpetual Trading Horizons”

The foray begins with tofuNFT, a decentralized marketplace that is quickly carving a niche for itself in the ever-expanding NFT landscape. As a successor to SCV’s NFT Marketplace, tofuNFT has harnessed the preceding platform’s merits while infusing a slew of enhancements to cater to the evolving needs of the NFT community. The marketplace is lauded for its intuitive user interface which eases the navigation for both seasoned traders and newcomers alike.

Moreover, tofuNFT is engineered for efficient trading, ensuring a seamless and swift transaction experience. The platform is also making strides towards accommodating a broader spectrum of NFT standards and blockchain networks, a testament to its ambitious roadmap. Participants of the Odyssey are encouraged to engage in buying or selling activities on tofuNFT, thus bolstering the platform’s traction while exploring the eclectic range of digital collectibles it hosts.

On the other spectrum lies Aboard Exchange, a perpetual decentralized exchange (DEX) that has melded the virtues of on-chain and off-chain architectures through its hybrid order book model. This innovative approach ensures that while the settlement of trades remains on-chain, fostering transparency and trust, the trading activities are executed off-chain. This amalgam not only facilitates lightning-fast order execution but also significantly trims down the associated transaction costs. 

Aboard Exchange currently boasts a diverse array of trading pairs, and its offerings are continually expanding, reflecting the platform’s commitment to catering to the diverse preferences of the trading community. Within the Odyssey, participants are beckoned to delve into perpetual trading on Aboard Exchange, a venture that promises not only the prospect of earning badges but also an opportunity to experience a cutting-edge trading infrastructure.

Possible Airdrops and Rewards

Although the Arbitrum Foundation has made it clear that Odyssey participants will not qualify for any future airdrops, the suspense surrounding the rewards for participants is palpable. The potential rewards could span from exclusive access to new project launches, special recognition within the community, to even financial incentives. Moreover, considering the soaring popularity and value of NFTs, possessing exclusive Odyssey NFT badges could morph into a lucrative asset for participants.

The future of Arbitrum’s Odyssey is intertwined with the Layer 2 network’s ambition to re-establish its dominance. As rival networks like zkSync Era, Starknet, and Base continue to challenge Arbitrum’s reign by transaction throughput, the success of the Odyssey campaign is paramount. While the rewards for the Odyssey participants remain under veils, the endeavor to enhance user engagement and showcase Arbitrum’s upgraded capabilities is evident.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Arbitrum OdysseyNFT Marketplace
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