Binance NFT introduces staking for Sandbox NFT, while DogeMiyagi unleashes unique NFTs
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NFTs provide digital ownership of various collectibles such as artwork, music and videos, and they operate on blockchain technology, which also powers cryptocurrencies such as Bitcoin. The NFT market has surged in popularity, now valued at over $40 billion according to blockchain data firm Chainalysis’ 2021 NFT Market Report. Binance, one of the largest cryptocurrency exchanges, entered the NFT market in 2021 with its NFT Marketplace, which aims to offer a highly curated selection of NFTs.
Binance NFT offers a range of digital assets, including artwork, collectibles and game items, and stands out for its low trading fees of just 1%. The platform is user-friendly, uses similar technology and setup to Binance’s exchange, and benefits from operating on its own blockchain, giving it a competitive edge.
Individual items and mystery boxes containing various curated collections are available for purchase. In addition, there are “standard” and “premium” collections. Standard collections contain items marked by typical users, while premium collections are exclusive drops from popular influencers.
The Binance NFT marketplace has hosted NFT releases for high-profile celebrities and institutions such as Russell Simmons, Paulo Del Valle, Uganda National Museum, Franck Muller and Parimatch since launch. The highest recorded sale on the platform for newcomers was $2.8 million.
The Sandbox NFT Staking Program was recently launched by Binance NFT, which allows users to stake SAND tokens and get exclusive NFT rewards. This effort seeks to stimulate user participation in the NFT ecosystem, as well as promote the expansion of The Sandbox platform, a popular decentralized virtual gaming ecosystem built on the Ethereum blockchain. This new program will be available to all users until July 5, 2023, and further updates will be announced on Telegram, Twitter, Discord and Instagram for Binance NFT. The Sandbox NFT staking program is currently exclusive to Binance and it only supports LAND NFTs held on the Polygon network.
To participate in The Sandbox NFT Staking Program, users must have a flexible subscription. Unlike other staking programs, users are not required to have SAND tokens to deposit their LAND NFTs. Users can earn daily SAND rewards, which depend on the current APR, and incur no gas fees from Binance NFT for staking and unstaking LAND NFTs. The Sandbox NFT Staking program demonstrates the growing interest in virtual gaming and NFT adoption. Innovative initiatives like this program are expected to play a crucial role in the development of the blockchain gaming industry, creating new opportunities for users and developers as the NFT market continues to grow.
DogeMiyagi (MIYAGI) is a community-driven project built on the Ethereum Blockchain, with plans to become a full-fledged Decentralized Autonomous Organization (DAO) after the token launch. With a total supply of 96,192,515,112,011.00 and a circulating supply of 9,518,812,011.00, the MIYAGI token acts as an ERC-20 token on the Ethereum blockchain, facilitating the formation of an ever-evolving community. The MIYAGI token offers a variety of features such as peer-to-peer cryptocurrency transactions, cross-border payments, the ability to purchase DogeMiyagi NFTs, network management, and other features. Its meme potential sets it apart from other cryptocurrencies, making it a valuable asset.
DogeMiyagi provides users with two main services, namely Killer Swap Machine and DogeMiyagi NFT. The Killer Swap Machine, powered by Uniswap, is a user-friendly decentralized exchange that enables easy trading of MIYAGI with various ERC-20 tokens and Ethereum. Users can connect to their decentralized wallets, such as MetaMask, and start trading seamlessly.
DogeMiyagi is also developing a special NFT Club to provide members with an immersive experience and exclusive benefits. The club will be a place where members can explore the vibrant DogeMiyagi ecosystem, indulge in martial arts, relive nostalgic childhood memories and enjoy tempting freebies in a lively atmosphere. Purchasing a DogeMiyagi NFT grants exclusive access to a designated domain where members can enjoy a variety of benefits that will continuously grow and transform over time.
DogeMiyagi sets itself apart from other cryptocurrencies by being proud to be completely community-driven, with no central authority. Also, community members can earn free MIYAGI tokens by participating in a referral program. This program offers a 10% commission on investments made by referred members, thus encouraging community growth and increasing the value of the MIYAGI token. The referral program is an intelligent way for community members to earn money while contributing to the growth of the community.
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Disclaimer: This content is not part of NFTgators editorial content and is not investment advice. Do your due diligence before making any decision.