How to make money from NFT mining?
Compared with traditional liquidity mining and airdrops, NFT liquidity mining is more widely spread, with more methods, possibilities, and better scalability. That said, it’s still vague, so let’s look at a few cases.
Mobox: Through liquidity pools, liquidity mining and NFTs, GameFi’s infrastructure will not only find the best liquidity mining revenue strategy for users, but also mint NFTs with distinctive game features. A savings account is established during the game. The more the user saves, the more resource gains in the game, and more game heroes can be summoned. The Mobox platform supports Venux-based leveraged liquidity mining and PancakeSwap’s LP token mining.
NFT-hero: The first NFT-related game launched by the Huobi ecological chain Heco. Users can pledge virtual currencies such as HT on it in exchange for drawing cards (drawing rare NFT cards, which can be used to upgrade combat power in the game).
MEME: After users buy MEME on Uniswap and pledge it to the NFT farm (NFTFarm), they can harvest pineapple points every day. Enough pineapple points can be exchanged for NFT MEME collection cards. Users can collect cards or hang them on Sold on Open Sea.
Aavegotchi: On Aavegotchi, users can obtain small ghost images by staking atoken (equity tokens on Aave), and each small ghost is an NFT token. What is special about Aavegotchi is that the collateral atoken behind the little ghost is an interest-bearing token (that is, its token value will increase with mining due to mechanisms such as interest) and its value will grow.
Crypto Wine: GRAP is a token of a liquidity mining project with the logo of grapes. Users can obtain it through mining or buy it directly from Uniswap, and users can obtain NFT collectibles (Crypto Wine) after participating in Grap mining. Every player in the GRAP staking pool can randomly get an airdrop of Crypto Wine, and each Crypto Wine is a cryptographic art painting inspired by wine bottles. After players get Crypto Wine, they can freely trade or collect them.
How about NFT mining?
The biggest difference from traditional mining is that the rewards obtained by traditional mining are tokens. And NFT mining obtains NFT; users can mine homogeneous tokens, non-homogeneous tokens, game assets, rare commemorative coins, etc. in their own way.
Compared with ordinary tokens, NFT is more rare, unique, and unique, and it is easier to map to reality (for example, if you save money in the bank for a certain period, you can draw a lottery, and there is a probability to draw commemorative coins from the bank. sales), which can stimulate people’s enthusiasm for mining, which is also a major reason for the explosion of NFT mining.
NFT mining will be an innovative practice of NFT and an incentive method. The more people participate, the more it can catalyze the development of NFT and accelerate people’s acceptance of the mapping between NFT and reality. The next wave of NFT is very likely to be authentication; identity authentication, real estate authentication, qualification authentication, property rights protection, and even birth and death certificates, all of which may realize the mapping between reality and virtuality. Imagine, in the future, we only need an app, a digital wallet, and even a fingerprint to prove our identity, qualifications, and possession of the right to use, without complicated physical certificates, paper certificates, multi-party seal authentication, etc. And that would essentially be a protection against reality proofs.
In fact, the application of NFT in online games is also the easiest to understand and accept. If we can compare NFT with the current online games, then NFT should be in the stage of StarCraft now, that is, as soon as there is the concept of online games, just as no one would have imagined that online games and e-sports would be so hot at the time, we don’t know how much NFT will develop in the future.
Post time: May-04-2022