• Arbitrum (ARB) token surged by more than 10% in 24 hours and had a 12% increase in price valuation.
• The network Arbitrum announced a new development allowing users to track NFTs in real time on its network.
• This feature was made possible by Alchemy, a blockchain infrastructure platform, which allows collectors and traders to closely monitor their NFTs for security.
Arbitrum Token Gains Momentum
Arbitrum token (ARB) is having a good day as it has gained by more than 10% in 24 hours with an increase of 12% in price valuation within the same period. The asset’s trading volume also surged over 140%. ARB is currently CoinMarketCap’s number one trending coin ahead of Ethereum despite its massive gains today.
Arbitrum Announces New Development
The network Arbitrum announced a new development allowing users to track Non-Fungible Tokens (NFTs) in real time on its network, which might have been attributed to its native token surging. This development was made possible by Alchemy, a blockchain infrastructure platform that provides tools and services for developers building decentralized applications. With this new feature, users can get real-time updates whenever an NFT is transferred between addresses on Arbitrum, making it easier for collectors and traders to monitor their assets for security.
Benefits of Real-Time Tracking
The ability to track NFT activity in real time is essential in the rapidly growing NFT market, where the value of these digital assets can change quickly. The announcement has been met with excitement from the blockchain community and its network, with many praising the integration of Alchemy’s infrastructure on the Arbitrum Network. This development is expected to improve user experience on Arbitrum as well as benefit the broader blockchain ecosystem overall.
Alchemy provides tools and services for developers building decentralized applications such as blockchains like Ethereum 2.0 or other layer two solutions such as ZK Rollups or Optimistic Rollups that are used for scaling transactions off-chain while maintaining high security levels through cryptographic protocols that keep data secure from malicious actors or hackers who may try to tamper with them. It also offers features like monitoring analytics so developers can better understand usage patterns and performance metrics of their applications or smart contracts deployed on various networks like Ethereum or Polkadot among others.
Adding real-time NFT tracking on Arbitrum is a significant step forward for both the network itself and the broader blockchain ecosystem at large, highlighting continued growth and development opportunities within this space. It will not only make managing NFTs easier but also provide increased safety assurance when engaging in transactions related to these digital assets–making sure collectors always have peace of mind when dealing with them