Solvo, an EU-based cryptocurrency startup, has announced the official launch of the Solvo app. It aims to convert crypto-curiosity into crypto-capability by bringing the best of the best of crypto to everyone. It is done through a simple, transparent, and user-friendly entry point. However, it also allows users to purchase simple financial products and gain a better understanding of cryptocurrencies.
Solvo removes the complex processes of crypto platforms
According to a 2022 survey conducted by 451 Research, a technology research group within S&P Global Market Intelligence. They found that 32% of non-crypto users cited a “lack of understanding of blockchain” as the reason they had not traded cryptocurrency. Meanwhile, 26% of non-users cited cryptocurrency as being “too complicated to purchase” as a barrier to beginning trading. Solvo gets rid of the intimidating and complicated procedures that other crypto platforms have. It offers products that are focused and clear and manages the vast array of options that a novice investor must wade through.
Main products Offered by the app
Three main products are offered by the app, which manages the plethora of options a novice investor must navigate.
1. Bundles: Baskets of sector-specific tokens without requiring the user to select from thousands of projects and tokens. Users can invest in blue-chip crypto projects, DeFi, or metaverse & gaming based on their preferences.
2. Vaults: Depending on their risk tolerance, users can earn a yield. They only need to make a FIAT deposit and choose the token they want to earn, and Solvo will take care of the rest.
3. NFTs: Using a generative AI, users can produce their own NFTs. Users can design their own NFTs by uploading or taking a photo. However, also by typing in a prompt that describes the image they want.
Users can generate NFTs using AI
Solvo aims to make the creation, ownership, and minting of NFTs easier as they are a part of the larger cryptocurrency ecosystem in addition to serving as a gateway to digital tokens for those who are interested. On the Optimism blockchain, it is possible to mint the AI-generated NFT for nothing. Users will be able to deposit and remove this NFT as well as others in future releases.
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The post Solvo’s Crypto App Will Create NFTs With Generative AI; Here’s How appeared first on CoinGape.
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