Insight on NFTs/NFTY
Non Fungible Tokens (NFTs) are digital assets that represent objects like art, collectible, and in-game items. They are traded online, often with cryptocurrency, and are generally encoded within smart contracts on a blockchain. NFTs over the years have grown with massive sales recorded in 2021. Recent NFT trends include generative artwork, fractionalizing valuable collectibles, and participation from big brands into established communities.
NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.
Checkout more on NFTY community here👇 Here
NFTY Weekly Giveaways: "It's believed that the reward for hard workers is more work", as the NFTY community has adopted the principle of encouraging efforts, and commitment, through community Giveaways. Community engagement and fun activities are routinely organized to test participants knowledge with rewards given to winners and runner up and support as at were necessary.
Last week was a special one, because it was marked with lots of Activities, rewards and excitement to go around. A roll down of the activities that went down last week includes;
The week started with good news of $NFTY, the token that powered the NFTY community, being listed on Gate.io, an to celebrate the occasion Gate.io launched a Free Airdrop Program, aimed at supporting NFTY with $20.045USDT and get 105.5 NFTY with a target raise of 200,457 USDT. A landmark achievement was reached with over $21 million USDT raised, within a single day.
A creative Art contest was organized, with the aim of celebrating it's partner @mogulofficial_ with a $350 reward attached to the top 3 artists.
An exciting partnership announcement with 'The Husl' @The_HUSL. The Husl is a music-based NFT platform; together we are revolutionizing the involvement of NFTs with the music industry . An AMA session with The HUSL Team at the metaverse was with rewards given to active participants. Learn more
The NFTY community held its first reddit AMA. As its Co-founders @DigitalLawrence and @Tytaninc chatted and educated the community about landmarked reach and projected achievement intended. Community was given the opportunity to ask questions as top 5 picked questions were rewarded. Learn more:
Indeed a fun fill week I must confess, other notable activities that thrilled the week include #NFTYLabs & HUSL AMA a tour on Metaverse, @Dbcryptosphere listed as @mogulofficia_ contest winner with a $200 giveaway, @chainlink Meetup organized in LA, CoinF x NFTY AMA and a meet and greet program organized by NFTY on discord. For more updates subscribe to the NFTY Newsletter.
Follow the community to benefit from the numerous Giveaways and investment opportunity created.
NFTY Network: NFTY Connect: NFTY Labs: Discord NFTY Labs Twitter: NFTY Network Twitter: ANN Channel: Medium: Raddit: