The PENGU Spot ETF is the first NFT-based crypto ETF application, as Canary Capital aims to merge NFTs and DeFi—will the SEC approve this groundbreaking move

January 2024 marked a pivotal point in the crypto industry: the US Securities and Exchange Commission (SEC) approved a bunch of 

 (ETFs) after a decade of resisting it. Later that year, several Ethereum (ETH) Spot ETFs were also approved. These early successes encouraged investment funds focused on digital assets to seek approvals for other 

 (AVAX) and other high-cap cryptos have ended up on the SEC's desk in recent months.

Until Mar 20, 2025, one thing had never occurred: an 

-based crypto ETF application. Such a move was thought to border on impossibility, given how stringently and at length the SEC evaluated ETF applications even for established fungible cryptos. And yet, the Canary Capital investment manager submitted an application to the SEC for approval of the first NFT-focused crypto ETF product, the PENGU Spot ETF, triggering a mini-revolution in the emerging space at the junction of crypto and traditional finance.

If approved, this ETF will be the first of its kind in the industry, based on a mix of 

. Many observers expect Canary Capital to struggle mightily for SEC endorsement of its revolutionary product. Nevertheless, the SEC now has a track record of approving crypto ETFs — which raises hopes for both the altcoin ETFs mentioned above and the PENGU Spot ETF application.

The PENGU Spot ETF is a proposed exchange-traded fund (ETF) product introduced by the Canary Capital investment management firm, and is currently awaiting approval by the SEC. 

 on Mar 20, 2025, making this the first crypto ETF product with an NFT component that’s vying for the approval of America's primary financial regulator. The ETF has been registered in the US state of Delaware.

The Pengu Spot ETF's portfolio is envisioned as consisting primarily of PENGU tokens that will make up anywhere between 80% and 95% of total assets held, with the rest allocated to Pudgy Penguins NFTs. Small portions of Solana's SOL coins and Ethereum's ETH tokens will also be included in order to facilitate transactions and liquidity support, as PENGU tokens are mainly issued on the Solana blockchain, and Pudgy Penguins NFTs are an Ethereum-based collection. 

Since Canary Capital will hold these assets and periodically rebalance the portfolio, gas fee payments on Solana and Ethereum will apply, with fees paid in SOL and ETH, respectively.

Launched in 2021 on Solana, the Pudgy Penguins NFT collection consists of 8,888 items, each depicting a cute penguin with a distinct combination of five different traits. In December 2024, the project introduced a related fungible cryptocurrency, the Ethereum-based PENGU token. As of Apr 2, 2025, PENGU is a smaller-cap asset, ranked 191st in the crypto market, with a total 

 of $319 million. In contrast, Pudgy Penguins are among the leading projects in the NFT space, ranked second among all NFT collections, with a market cap of $155 million.

Canary Capital's application to the SEC is unique in two ways: it’s the first ETF with an NFT component, and it marks the first time ETF approval has been sought for a relatively smaller-cap cryptocurrency, PENGU, which isn’t even among the top 100 crypto assets by market cap. All of the other crypto ETF applications approved by the SEC (or currently vying for approval) are based on high-cap, leading assets that are typically ranked within the top 30.

As of Apr 2, 2025, the SEC has had the application for the PENGU Spot ETF application for just two weeks. The regulator has up to 240 days to review such applications, although historically, the SEC has pondered over crypto ETF applications for years. Now, however, the string of Bitcoin and Ethereum Spot ETF approvals in 2024 raises hopes that newer submissions may be subject to an already established evaluation framework — and thus greenlighted much faster.

At the moment, the SEC is also considering spot ETF applications for several high-cap cryptocurrencies, including Dogecoin, Solana, Polkadot, 

 (XRP). If the regulator decides to approve the applications in batch mode — all or several at once — Canary Capital will have reason to hope that its ETF is included.

However, there's been skepticism regarding the PENGU Spot ETF application, with some analysts believing that its chances might differ from those of the larger, more established altcoin ETFs. This isn't surprising, as a PENGU Spot ETF would be a distinct product, being the first NFT-focused ETF. In addition, NFTs have more limited liquidity than fungible cryptocurrencies. 

NFTs may also be harder to valuate objectively. The prices of fungible cryptos are easily sourced from the crypto market, where supply and demand establish their value. In contrast, the limited liquidity and uniqueness of NFTs makes it much harder to price them efficiently.

Moreover, the PENGU token — which will make up most of the proposed ETF — isn't among the most traded assets in the crypto market. Because PENGU has a modest position in the crypto space (along with its origins as a 

), the SEC could view it with more skepticism than it does the leading altcoins.

Naturally, all these factors are just speculation at this point, and we’ll need to wait on the SEC’s initial comments regarding the first NFT-based ETF under their consideration in order to form a more defined view of the product's prospects for approval.

Current impact of the PENGU Spot ETF application on the crypto market

The news of the PENGU Spot ETF application has so far had no appreciable impact on the price of the PENGU token itself. On the day of the application (Mar 20, 2025), the token was trading at around $0.007. Two weeks later, it's still hovering around the same price. 

On the other hand, there's been a modest increase in the average price of Pudgy Penguins NFTs traded on the market: between March 20 and 28, the average price rose by 16% from around $16,450 to $19,120, though it has since retraced slightly to $17,490 as of Apr 2.

Given the modest price effect, investors are likely still cautious about the chances for the PENGU Spot ETF's approval.

However, if it is approved, the broader impact on the crypto market could be far-reaching, as such a step would signify the SEC's openness to both NFT-based ETFs, and ETFs made up of smaller-cap cryptocurrencies, including meme coins. The number of tokenized asset funds that offer NFT-based products would then be likely to increase significantly, facilitating mainstream NFT adoption within traditional financial markets.

An SEC approval of the PENGU Spot ETF may lead to a flurry of further ETF applications based on NFTs in some form. This could even include the first ETFs composed entirely of NFTs. Other crypto asset types — e.g., 

 (RWAs) — may also become candidates for the SEC’s consideration. Furthermore, in the unlikely event that Canary Capital’s PENGU Spot ETF were to be approved ahead of the altcoin spot ETFs currently in the SEC’s pipeline, it would send a very strong signal that those ETF applications are also a sure bet.

The current PENGU Spot ETF application is a pioneering event that may open up opportunities for NFT ETFs and other crypto ETFs based on partial NFT holdings. Although the SEC approved multiple Bitcoin Spot ETFs in early 2024, few people expected an NFT-based ETF to emerge so soon afterward. Probably even fewer expected a meme coin–based ETF to be taken seriously by the SEC. Unique in so many ways, the PENGU ETF flips the entire concept of traditional ETFs on its head.

Canary Capital's attempt to get approval for an NFT-backed ETF is truly a bold undertaking, though observers said the same thing about 

 just a few years ago. Someone needed to become a trailblazer in this area — and Canary Capital has taken up the noble role without hesitation. Now, all eyes are on the SEC as it prepares to weigh in on a product it has never before encountered.

Intermediate

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PENGU Spot ETF: A bold move for NFT investing — or just hype?

In this article, we break down what to expect from Liberation Day and how it could shape the outlook for equities, the US economy and crypto markets.

 April 2, 2025 as "Liberation Day" — a moment he claims will restore America's trade fairness through sweeping reciprocal tariffs. With few concrete details confirmed, global markets remain on edge. Investors are bracing for the economic fallout of a potential trade war, and crypto traders are watching closely to assess the impact on digital assets. In this article, we break down what to expect from “Liberation Day” and how it could shape the outlook for equities, the US economy and crypto markets.

Since returning to the White House in January 2025, President Trump has prioritized reshaping US trade policy with a renewed focus on tariffs. His administration has already announced 

 on all steel and aluminum imports. Many of these actions take effect this week, coinciding with his so-called Liberation Day.

Trump argues that tariffs are a necessary tool to reduce the US trade deficit and force foreign nations to stop what he calls "economic warfare" against the American worker. Treasury secretary Scott Bessent 

 countries with persistent trade surpluses — dubbed the 

 — as primary targets for reciprocal tariffs. These include China, the EU, Canada and Mexico.

However, critics point to the growing risk of a global trade war, with multiple partners already threatening or initiating retaliatory measures. Goldman Sachs recently 

, citing declining business confidence and mounting economic uncertainty. The tariffs, designed to protect US industries, could instead raise prices and weigh on consumer spending.

What to expect from Trump's ‘Liberation Day’ announcement

Trump is expected to reveal his tariff plans in a Rose Garden press conference on April 2. White House press secretary Karoline Leavitt 

 that the president would impose tariffs on "any country that has treated the American people unfairly" — though no nation-specific exemptions have been confirmed. Trump has promised these reciprocal tariffs will be 

While final details remain under wraps, proposals have included both country-wide and sector-specific tariffs. These could range from uniform, percentage-based levies to targeted charges on industries like pharmaceuticals, semiconductors and autos. Trump's advisers, including Trump trade adviser Peter Navarro and commerce secretary Howard Lutnick, claim the new tariffs could generate over $600 billion annually — though many economists dispute this figure.

Delayed tariffs on Canadian and Mexican imports, 

 in early March, are also set to take effect this week. These include taxes on agricultural products, energy goods and automotive components. Trump has also 

 a 25% tariff on imports from countries that purchase oil or gas from Venezuela.

Given the administration's conflicting signals in recent weeks, there's a wide range of potential outcomes. Whether “Liberation Day” ushers in immediate enforcement, additional delays or future negotiation rounds remains to be seen. For now, uncertainty reigns.

Potential impact on the US economy and global markets

Economists warn that broad-based tariffs could lead to slower US growth, higher consumer prices and widening inequality. Goldman Sachs now 

 Trump's trade policies to reduce annual GDP growth to 1.5% from 2%, while the odds of a recession are being raised from 20% to 35%.

Global equity markets have already shown signs of stress. European and Asian indices dipped ahead of “Liberation Day,” while the S&P 500 and Nasdaq-100 

 in March (respectively). Auto manufacturers, tech firms and retailers could be especially vulnerable if tariffs disrupt global supply chains.

There's also the question of the Federal Reserve's response. With inflation risks rising, policymakers may hold off on anticipated rate cuts, further complicating the economic outlook heading into Q2.

How will ‘Liberation Day’ affect the crypto industry?

Crypto markets have mirrored broader risk sentiment over the past quarter, with investors reducing exposure amid macroeconomic turbulence. As of April 1, the 

 is down 16.9% year-to-date. Bitcoin has fallen 10.48%, Ethereum 44.2% and Solana 33% — despite reaching new highs in January on hopes for pro-crypto policies from the Trump administration.

Investor optimism has since cooled as recession risks, inflation concerns and policy unpredictability drive a risk-off mood. Bitcoin dipped to $81,656 over the weekend, marking its weakest Q1 since 2018. Traders remain cautious ahead of “Liberation Day,” awaiting clarity before opening new positions.

“Liberation Day” could further weigh on crypto prices if market volatility increases and capital rotates out of risk assets. However, some analysts believe any resulting sell-off may offer an opportunity to 

 — especially if Trump follows through on crypto-friendly regulation later this year. For now, though, many eyes are on April 2.

With details still unknown, the crypto market remains in a "wait-and-see" phase. “Liberation Day” could mark a turning point — for better or worse — depending upon the scope and execution of Trump's tariff agenda.

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Trump's 'Liberation Day': What it means for crypto markets

Grayscale has filed to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). 

Daily top performer — Compound Finance (COMP)

The S&P 500 rose 0.38% as investors awaited new tariffs amid weak factory data and declining job openings. Gold eased to $3,113 after hitting a record high, driven by profit-taking ahead of Trump's tariff announcement, but remains strong due to safe-haven demand and economic uncertainties. The Coindesk Indices, which tracks the broader crypto market, are up by 1.30%, with Bitcoin and Ether are up 3.10% and 5.19%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is COMP, up 14.3%, following the proposal for the creation of a foundation to ensure consistent leadership and coordination by Compound.

Compound Finance (COMP), launched in September 2018, is a DeFi lending platform that allows users to earn interest on crypto assets. Built on smart contracts, it adjusts interest rates based on supply and demand, connecting lenders and borrowers without intermediaries. In June 2020, Compound decentralized with the launch of COMP and full governance transfer. However, it lacks a core operational pillar. With Compound v4 development and increased community engagement, the need for consistent leadership has grown. To address this, Compound Labs 

 creating a Compound Foundation for structure, clarity, and coordination, similar to other ecosystems like Uniswap.

Check out the latest prices, charts, and data of 

 to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). The fund, which currently holds 79.4% Bitcoin and 10.69% Ethereum, has grown by 478.83% since its launch in 2018. The conversion would allow everyday investors to access the crypto market, covering about 75% of the digital asset market cap. If successful, it would eliminate the current barrier that restricts access to accredited investors. The filing is still in progress, with management fees and other details pending.

Yesterday, BTC spot ETF had a total outflow of $157.8 million, with GBTC seeing a loss of $10.1 million and non-GBTC products losing $147.7 million.

 that its airdrop might be approaching, with a claim page now live. Registration for the airdrop runs from April 2 to April 17, and claims are expected to open on April 22. However, nothing has been officially confirmed yet. Stay tuned for updates.

Beginner

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Grayscale files to convert digital large cap fund into publicly accessible crypto ETF

In this guide, we'll dive into how to trade crypto with the Bybit app, a convenient and feature-rich platform. Explore spot and derivatives trading for beginners on the Bybit app.

Welcome to our step-by-step guide on trading using the Bybit app. In this article, we’ll walk you through everything you need to know — from downloading the app and setting up your account to executing spot, margin and derivatives trades. Bybit is a leading cryptocurrency exchange that offers a fully localized and user-friendly mobile experience, making it easy for both beginning and seasoned traders to manage their investments seamlessly.

First, download the Bybit app from the App Store (iOS) or Google Play (Android). Once you’ve installed the app, open it and select your preferred language.

 and register using your email address or phone number. Complete the verification process by submitting your mainland Chinese ID or passport as required. This step is crucial to ensure your account is secure, and to unlock higher withdrawal limits.

After verifying your identity, head over to the 

 tab to fund your account. You can directly deposit cryptocurrencies like BTC or USDT. Our 

 (UTA) streamlines fund management, allowing you to trade seamlessly across different markets without the hassle of multiple wallets.

Spot trading with Bybit lets you buy or sell cryptocurrencies at current market prices with immediate settlement.

To begin, log in to the app and tap on the 

Choose your desired trading pair, such as BTC/USDC or ETH/USDT, from the list.

 lets you specify a price at which you want to buy or sell. 

Enter the amount you wish to trade, review the details and confirm your order.

Once your order is executed, monitor its status in the 

Bybit has an intuitive interface that displays real-time updates, so you can track your trades anytime with ease. 

How to execute a spot margin trade with the Bybit app

For traders looking to leverage their positions, Bybit offers a spot margin trading feature that allows you to borrow funds to increase your buying power. Start by logging into your account and tapping on 

Choose a trading pair, such as ETH/USDC, which supports margin trading with leverage options of up to 10x. 

Once your trading pair is selected, you’ll need to select the margin amount (e.g., 

 at which you want your limit order to execute.

You’ll also see several other important metrics, such as 

Enter the amount you wish to trade, and then carefully review all of the details.

After confirming your order, your margin trade will be executed. You can track your position in the 

 tab, where you can also set up stop-loss or take-profit orders to manage risk. 

How to trade derivatives with the Bybit app

Bybit also offers derivatives trading, which allows you to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Derivatives include Futures and Perpetual contracts, which can be traded with leverage, sometimes up to 100x.

To start, log in to your account and tap on 

Set your desired leverage (e.g., 50x) and choose between 

 margin modes, based on your risk preference.

 (if using limit or conditional orders) and 

Once you’re satisfied with your parameters, confirm your order and your position will appear in the 

Trading with the Bybit app offers numerous advantages that make managing digital assets both efficient and secure. The platform’s user-friendly design, high-speed execution and comprehensive risk management tools cater to traders of all levels. Our Unified Trading Account (UTA) streamlines fund management by consolidating assets for spot, margin and derivatives trading under one account, which reduces operational complexity and enhances overall efficiency. This streamlined approach lets you focus on strategy rather than logistics.

Additionally, Bybit’s state-of-the-art security measures — such as multi-factor authentication, regular independent audits and cold storage of assets — ensure that your transactions are conducted safely and transparently. With an interface designed to minimize distractions and provide real-time data, you can quickly monitor market movements and adjust positions. 

Our commitment to a secure and reliable trading experience is evident in our continuous improvements and proactive customer support. These features empower you to make informed trading decisions, fostering confidence in your ability to navigate the dynamic crypto market.

Bybit delivers a secure, robust and intuitive mobile platform that simplifies cryptocurrency trading for everyone. In this guide, we’ve explored how to set up an account, fund it and execute various types of trades — spot, margin and derivatives — using a fully localized and user-friendly interface. Our Unified Trading Account and comprehensive risk management tools ensure a smooth trading experience so you can focus on growing your investments.

Looking ahead, Bybit remains dedicated to innovation and excellence in the crypto industry. We continually refine our platform, based on user feedback and market trends, ensuring that you have access to the latest tools and features. Our commitment to transparency and security underpins everything we do as we build trust and empower traders. 

How to trade spot crypto on Bybit app.png

How to trade with the Bybit app

Bybit Learn

Altcoins

Cartesi is a Layer 2 infrastructure that facilitates the development of DApps on the blockchain using Linux. Find out more about how it works in this article.

Since the inception of cryptocurrency, software developers have used blockchain-specific programming languages to build a variety of apps on the 

 offers an easier alternative to creating 

 (DApps) on the blockchain using the mainstream language 

This article explores the potential use of Cartesi and explains why the CTSI token is worth investing in.

Cartesi is a decentralized Layer 2 infrastructure that facilitates the development of DApps on the blockchain using the well-known Linux programming environment.

It's also said to be the first operating system on the blockchain because it bridges the gap between mainstream software and 

The infrastructure incorporates both on-chain and off-chain components to solve problems associated with scalability. In addition, its network nodes are blind to the blockchain, which means that Cartesi's DApps-building platform can be used across multiple blockchains.

Since most software developers have some Linux-programming experience, they can code scalable smart contracts on Cartesi with the use of rich software tools and services they are used to. Ultimately, this knowledge transfer will help accelerate the development of 

The project is the brainchild of four aspiring individuals: 

Originally conceived as a trustless artificial intelligence marketplace, it evolved into a blockchain OS when Chief Operating Officer Augusto Teixeira convinced his experienced friend 

 to invest in the infrastructure. One of the co-founders of the 

 foundation, Popov also acts as an advisor to the founding members of Cartesi.

Cartesi's co-founders have experience in startup space and software development; for example, CEO Erick de Moura previously worked as a software developer, designer and engineer.

As part of the initial offering, 100 million CTSI tokens were sold in April 2020. The IPO fetched $1.5 million for the project. Besides the IPO, Cartesi has also received funding from various prominent sources that include 

Governed by the Cartesi Foundation, the project aims to increase ecosystem and network adoption. Its co-founders, partners and community members will all play their respective roles in the evolution of the project.

At this time, the co-founders have a majority stake in the decision-making process. As the project matures, the foundation will gradually decentralize the government.

Calling itself “the first blockchain operating system,” Cartesi lets developers utilize the capabilities of Linux to build DApps for blockchain. In other words, Cartesi bridges the gap between mainstream software and the smartchain. Since everything from supercomputers to smartphones utilizes Linux, building an app using the Linux platform and running it on the blockchain sounds like an interesting proposition.

Using Linux also offers developers the opportunity to perform intensive computations otherwise not available through traditional blockchain resources. By relying on the processing power of Linux, Cartesi enables developers to access every tool designed for Linux in the last two to three decades.

As explained earlier, the platform uses a combination of off-chain and on-chain components. Here is a brief overview of these components and their prominent features:

 is a groundbreaking virtual machine that can run a full-fledged Linux operating system. It's used to implement DApp calculations off-chain. DApps running inside the Cartesi Machine can seamlessly process a virtually unlimited amount of data. By moving most of the DApp logic inside the machine, developers are free from the limitations imposed by a typical blockchain.

The level of knowledge required to interact with the Cartesi Machine depends on the complexity of the DApp. A simple application may require only a few steps. In contrast, you will need to understand the hash-based state manipulation primitives to run high-end apps.

Cartesi offers its own version of optimistic rollups. 

 is a Layer 2 system that lets the blockchain provide data availability and order input data. It can also bridge tokens between Layer 1 and Layer 2, and resolve disputes.

Using an interactive fraud-proof mechanism, Cartesi Rollups require only a single instruction to distinguish between an honest and a misbehaving element. Just like other components, Cartesi Rollups achieve scalability by moving the bulk of computation off-chain.

 sidechain decreases the data load by storing the bulk of data off-chain. It helps developers use more data than the existing 

 layer and other base layers. When the data is no longer needed, Noether deletes the data to save space, creating greater efficiencies in the long term. This also results in reduced 

 is a simple infrastructure that developers can use to run computations that otherwise are too expensive to execute.

On a traditional blockchain, computations are run by every full node on the network. However, in the case of Descartes SDK, DApp participants verify computation off-chain, which eliminates a transaction fee. The blockchain is used only if participants don't agree with the results, and when it’s used, the transaction cost of performing such computations is negligible.

The main purpose of the Cartesi project is to introduce a blockchain platform that’s similar in scope to traditional platforms.

Just like the standard platform interface, Cartesi DApps are composed of a front-end and a back-end part. The front end can be UI or a command-line interface. Similarly, the back end comprises verifiable logic that runs inside the Cartesi Rollup infrastructure.

Another way that Cartesi is unique is that it allows developers to use their mainstream environment for more than 90 percent of their work. As blockchain or Cartesi-specific procedures are seldom required, the learning curve involved in the creation of DApps on the platform is negligible.

Cartesi blockchain OS aims to bring the scalability and power of mainstream software development to the blockchain, which is why many developers have used it to build highly immersive applications. Take a look at some examples:

 is an IoT commercial building control system that helps occupants reduce their carbon footprints. The project is part of the incubation program launched by Cartesi. It lets users set targets to lower their energy impact.

 is a virtual marketplace designed for eSports lovers and simulated racing fans. The decentralized marketplace will enable you to sell and purchase 

 racing assets. You can own your car and parts, which are represented by NFTs. SimThunder uses Cartesi's Descartes SDK to ensure the safety and privacy of digital assets.

 Developed using the Cartesi blockchain OS, 

 is a decentralized package manager that allows developers to share and store data components in a way that lets other developers reuse their work.

A maximum of 1 billion CTSI are in circulation and, according to the CTSI Foundation’s April 2022 report, approximately 604 million of these are unlocked. The total supply will be gradually unlocked until April 2024.

The supply distribution of tokens is divided into eight parts: launchpad sale, mining reserve, foundation reserve, seed sale, private sale, strategic sale, team and advisors.

 The 10 percent launchpad token sale was initiated on Binance Exchange in April 2020.

 Mining reserve tokens comprise 25 percent of the total supply. These are reserved for rewarding mining operations. You can read a detailed transparency report

 Almost 40.22 percent of tokens are allocated to this fund. These tokens are used for the continued research and development of the Cartesi blockchain operating system. The foundation will also use them for marketing, community-based objectives, business operations, development grants and legal expenses.

 Two percent of the total supply is dedicated to seed sale, which is scheduled to occur every quarter until October 23, 2022.

 Comprises 5 percent of the total CTSI token supply.

 The strategic sale comprises only 0.67 percent of the entire allocation. This has been 100 percent allocated.

 Team tokens make up 15 percent of the entire supply. Approximately 4.29 percent of the 15 percent has already been allocated through two previous unlocks.

 Tokens dedicated to advisors are 2.11 percent of the total token supply. As of this writing, six advisors are on the Cartesi team.

 of Cartesi blockchain OS defines how it delivers sustainable performance in the long run. Based on the existing analysis, it seeks to develop effective protocols and infrastructure for the foreseeable future.

According to executive management, the road map is mainly designed to improve the information flow between Cartesi’s primary contributors and its community. Accordingly, the existing road map defines four milestones:

The completed first milestone included basic deliverables critical to understanding the concept and managing the infrastructure. This phase supported the implementation and testing of full DApps, literature, and setting up simple DApp examples for developers.

Still in progress, the second milestone helps developers deploy applications on the 

 Testnet. Polygon is elected for the Cartesi Rollups’ first version because it’s cost-efficient and offers high performance. 

At this time, the team intends to design and test the Cartesi node infrastructure, as well as review and re-factor features such as voucher execution. Periodic functionality tests and resolution of essential issues will further contribute to the overall improvement. In the future, the rollup will be integrated with other chains.

Also in progress, the third milestone includes the official release of HTTP API documentation and testing. In this phase, the management seeks to offer economic incentive for validators using a Cartesi validator node. Incentives will be paid in CTSI.

In addition, the third milestone also seeks support for packaging and deploying DApps to local and remote networks, including comprehensive SDK documentation.

The final milestone is contingent upon the completion of the third milestone. Tasks awaiting execution include final test, auditing and Mainnet deployment.

If you'd like to invest in the Cartesi project, keep in mind that the road map isn’t final. As executive management seeks to compile a definite plan, they will offer frequent updates. In the future, you may see a revised version of the road map that community members can access and update.

The token was first released in April 2020 on Binance Exchange. Since the initial launch, the price trajectory has somewhat followed the overall crypto market. During this time, CTSI price peaked at $1.75 in May 2021.

It's been said that CTSI experiences a slight rise in its value when a new set of tokens is unlocked. While the pattern may not entice investors looking to invest in the long run, it's something you may want to keep an eye on.

Due to the fluctuation in price, uncertainty in global markets, and regulations, predicting the price of crypto is a difficult task. However, everyone agrees that some projects will stand out over the long run. Cartesi certainly falls in this category as it offers a unique proposition to the crypto community.

Having said that, you can expect the CTSI price to double within the next twelve months, if the crypto markets continue to gain traction. This projection is consistent among analysts. The medium-term trend is also encouraging; however, don't expect the price to skyrocket in two or three years unless there is another crypto boom.

Investing in CTSI will pay off in the next seven to ten years. If the crypto market continues to yield stable returns, there’s no doubt that 

You can buy CTSI tokens from a variety of online exchanges, including Bybit. Simply 

 with your email or mobile phone. Depending on your preference, you can register either on the desktop or mobile app.

Bybit is one of only a few crypto exchanges where CTSI is traded as perpetual contracts, which are derivatives without an expiration date or settlement. In other words, you can trade them as easily as any other financial instrument, including the ability to use very high leverage.

To buy CTSI, you need to deposit a certain amount to the Bybit exchange. There are multiple ways to do it. The easiest method is to deposit USDT using one of a variety of payment methods. Here are the steps:

Depending on where you live, you will be presented with multiple options to buy USDT at the existing rate.

Choose from a variety of payment options that may include bank transfer, credit card, Google Pay and local payment merchants.

Once USDT is deposited in your account, look for the CTSIUSDT pair under the 

An investment is only as good as its underlying fundamentals. If you want to invest in crypto, you need to review its unique selling proposition, road map, major investors, the team behind the project and the community.

Based on what we've learned so far, CTSI is definitely worth a place in your portfolio. It's impressive because Cartesi bridges the gap between mainstream software development and the blockchain. Similarly, it has a very experienced management team, as well as astute advisors. All of these people come from software and academic backgrounds with years of development experience behind them.

As discussed already, there is a clear road map and there are guidelines for everyone to follow. Everything from documentation to testing and implementation is working according to plan. The development is marked by regular investment from high-profile firms from around the globe. Finally, everything is backed by a highly active community that seems keenly interested in the latest development.

Cartesi is built on a concept that will decisively impact the development of DApps on blockchain. Prior to Cartesi, everyone used 

 as the only object-oriented language for implementing smart contracts. Now Cartesi has changed the DApp landscape by empowering developers to use a mainstream programming language.

These developments are enough to make Cartesi one of the most inspiring projects in the crypto space. This also means that the existing price of Cartesi is irrelevant, because it doesn't portray the upside potential of CTSI. As long as investors are willing to contribute to the project, Cartesi is a future gold mine.

If you're ready to invest in a crypto project, Cartesi is a mouthwatering prospect. While much is going on in the crypto space, very few projects pack a punch, and Cartesi is one of them.

Cartesi (CTSI): Build Revolutionary DApps on a Blockchain OS

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards