Lindsay Lohan, the world-famous entertainer, is planning to issue a fresh new kind of NFTs on the Tron Network. Unlike Ethereum, which is still a Proof-of-Work (PoW) based blockchain, Tron uses Proof-of-Stake (PoS), which is cheaper and faster to use.
The new NFTs from Lindsay Lohan will be based on the TRC721 protocol, which is similar in function to the ETH721 protocol, which has been the go-to format for most NFTs up until now.
Tron have created a new platform that is more than a marketplace for NFTs. The platform will let fans interact with creators via social and gamified activities. With the ease of issuance and use that Tron creates, the new platform is likely to become another popular option for NFT fans.
The ClubHouse announcement will be live March 18th 10:30pm PST and here’s the link: https://www.joinclubhouse.com/event/MwkpYaBe
Lindsay Lohan Jumps on a Hot Trend
NFTs are finding a massive audience, and many different kinds of content are being issues via NFTs. As the world’s most popular advanced blockchain, Ethereum has struggled to keep up with the demand for its functionality. This has led to high transaction fees and sluggish performance.
In fact, many low-cost NFTs are simply unable to be used as the gas fees on the ETH network are many times higher than the value of the NFT. Tron doesn’t have the market cap of ETH, but when it comes to performance, it is a far better choice for NFTs.
Lindsay Lohan said,
“Hollywood and the Music industry are finally waking up to crypto and it is large part thanks to NFT’s…The whole world has been keen to learn more about the NFT space. I couldn’t be happier to be a part of this revolution, helping to bridge the gap between creators and content admirers. The JUST.FAN team has been laser focused on creating a perfect blend of a creative marketplace and curators to provide both ends of the spectrum with great opportunities. I am also really excited to be jumping on board with Justin Sun, Founder of TRON, on Clubhouse to further discuss NFTs and the launch of my artwork. Be sure to catch our fun-filled and informative session.”
One great thing about the rising popularity of NFTs is that people have to enter the crypto ecosystem in order to participate. People who may not care much about decentralized currencies are buying them anyway, as they need to have the right tokens to participate in the NFT boom.
Tron is Growing in Popularity
The debate about PoW v. PoS was largely academic until the DeFi craze hit in 2020, but today, we are seeing just how important these ideas are as blockchain becomes a far more used technology.
It appears that Justin Sun’s decision to build Tron with a PoS consensus mechanism turned out to be a wise move. Now that blockchain really is going mainstream, the speed and low costs that PoS systems deliver are giving Tron a massive advantage.
Sun, the founder of TRON and the CEO of BitTorrent, commented,
“We welcome the launch of JUST.FAN and Lindsay’s NFT on the TRON blockchain…Lindsay is a true icon and has been very vocal about crypto, blockchain adoption and NFT’s. I’m looking forward to an exciting discussion with her this Thursday.”
While Tron is unlikely to beat our Ethereum, the issues on ETH have made it much easier for great blockchain projects like Tron to gain a much wider user base, and also attract top tier developers to the Tron ecosystem.
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Author: Nicholas Say