Not your grandmother’s Defi
Do you have a growing collection of NFTs? If you have been following the latest craze in the crypto community, the answer is probably yes.
You might know some of the things that an NFT can do; an NFT can be a character in your favorite game, a piece of rare art from your favorite artist, tickets to an event, or even an insurance policy. Up until now, you have only been able to farm FOR NFTs, but you have not been able to farm WITH NFTs. Yes, in addition to having NFTs in your collection you can sell, you will now be able to yield from them. That isn’t even the best part. Not only do you earn ERC20 tokens with your NFTs, it can increase the value of your NFT. Even better, it’s a game.
With Very Nifty you will wrap your NFTs turning them into vNFTs, aka characters in the game, these characters can be unwrapped as long as you do so while the character is alive. Your characters will earn ERC20 called MUSE that requires participation within the game at least once every three days (the more often you harvest, the more you will get). You can spend your MUSE to level up your character and increase your rewards, or you can sell it. Your character’s ranks will show on the leaderboard, with their time of death countdown, when the countdown hits 0 (by lack of participation) your character/ vNFT dies and the original NFT along with it.
Other players in the game can burn your vNFT after death and receive a percentage of the reward increases that character had. Any yield increases carry with a vNFT, as long as you can keep it alive in the meantime.
October 9th Very Nifty will be launched using vNFT native NFTs, although this is just the start, there are plans to incorporate MEME and other projects in the near future after launch. Have a favorite NFT project you would like to get whitelisted? Join the telegram/discord in the links below.
If you are lucky enough to be a part of their community before the launch, there WILL be an airdrop. In other words, it is completely free to get started (besides the gas fees).
If you are sick of all the food related defi projects flooding the market, with the exact same copy-paste yielding setup, this might be a breath of fresh air for you. This is not your grandmother’s defi.
Check out the FAQs for Very Nifty:
https://medium.com/@verynifty/very-nifty-museum-faqs-d16eea2b224c
Join the Telegram group:
Join the Discord:
View other related Articles:
Nifty: A fair(y) tail about life on blockchain
Project introduction
https://medium.com/@verynifty/verynifty-4945b9f3c27f
Follow the project on twitter:
https://mobile.twitter.com/NiftyMuseum
This post was written by Danielle Davis, one of our most active community Members:
Follow Danielle on twitter 😊:
https://twitter.com/NFTignition
Interested in NFTs/crypto but not sure how/where to get started? Check out Danielle’s NFT channel and chat within Altcoin Ignition VIP.
