NFT
This week’s visitor on the Cardano NFT Column is a challenge that reproduces the DeFi mannequin with NFT and permits staking many Cardano NFT collections to earn HEXO tokens: Cardano Lands.
Final week’s visitor was a challenge constructing a buying and selling card recreation (TCG) harking back to well-known TCGs like “Magic: The Gathering” and “Yu-Gi-Oh!”.
This initiative is some extent of reference for NFTs on Cardano and each week or two we are going to invite somebody to reply some questions and provides us an replace immediately from inside the Cardano group.
Contemplating that lots of our readers are new to the crypto area, we can have a combine of straightforward and technical questions.
Cardano NFT challenge: Cardano Lands
Cardano NFT challenge Cardano Lands brings utility to many NFT collections
Hey, glad to have you ever right here. Please introduce your crew, the place are you from, what are your backgrounds?
Whats up and thanks for inviting us!
We’re a crew of seven individuals from Europe and Latin America. The core crew of the challenge has already been working collectively for 7 years within the IT discipline. Ranging from easy options for creating web sites, e-commerce, fintech, ERP and video games.
Within the closing, we got here to the blockchain and determined to decide on Cardano.
What’s Cardano Lands? How are you merging NFTs with DeFi? And why have you ever chosen this blockchain to your challenge?
Cardano Lands is right here to carry extra utilities for current NFTs. We invite all Cardano initiatives from completely different corners to affix our Staking program to turn out to be certified and generate each day rewards! Holders can have advantages from NFTs that they already purchased a while in the past and maintain!
DeFi is an entire ecosystem of working purposes and protocols that ship worth to hundreds of customers and we reproduce this mannequin in Cardano Lands! Our Staking program is just the start of it. We plan to inherit among the metaverse mechanics and cross them with the mechanics of RTS video games.
Cardano is well-known for its scalability and safety. For the challenge like we’re constructing it’s essential to work with excessive transaction throughput and knowledge scale. The worth of the transaction is the necessary half as nicely. Our recreation that we launched on 12 October is absolutely on-chain and we’re glad for the small transaction charges on Cardano.
Final however not least, we wish to discuss how pleasant and nice the group is right here. Every single day in our Discord we see how individuals assist one another and create new relationships.
What are the benefits for different NFT collections to make use of your platform? How does the staking course of work?
Becoming a member of a staking program and turning into certified is a good push for forgotten or small collections, particularly with fairly low flooring value. We see how individuals purchase NFTs from third markets, like jpg.retailer to generate extra each day rewards in Hexonium (HEXO)!
Hexonium (HEXO) is the important thing to all upcoming content material in Cardano Lands Universe! It can be exchanged on the MuesliSwap. Good cashback to your NFTs if you happen to don’t wish to use Metalab.
HEXO is the reward token for staking Cardano NFTs on the platform
Our staking program is non-custodial – it signifies that all of your property stay in your pockets, and nobody will ask you to ship your NFTs someplace. Whenever you join your pockets to our web site you mechanically begin to stake your NFTs from certified collections.
Every single day you get a specific amount of rewards which is calculated by our staking system, in easy phrases the extra holders the gathering has the extra mining energy there can be.
You even have one other native token known as EXO. What’s its position within the ecosystem and what does the longer term maintain for the token and the challenge total?
Sure, EXO is our governance token and will be minted by means of our web site. At present 28 million of tokens have been bought however there’s much more to come back.
EXO is used to vote to find out collections as certified to generate rewards from staking.
There can be extra utilities for EXO tokens sooner or later. Now we have Lands, you realize? Lands is the start of the RTS mechanics and can be out there for mint in Q1 2023 just for EXO.
EXO is the Governance token in Cardano Lands
We plan to have EXO as the principle (cost) forex of Cardano Lands Universe to extend the worth of it and preserve a wholesome economic system.
Full tokenomic data about EXO will be present in our Whitepaper.
One among your first gamified experiences is the Metalab. What’s it?
Metalab – is the middle of the Cardano Lands universe and the place the place new FTs are born.
That is the first and most important utility for HEXO tokens. Customers should purchase primary parts and attempt to mix them in several variations and invent new recipes, after which utilizing the newly found sources, attempt to create sources of the next-tier!
There are 4 primary parts out there for buy: Air, Earth, Water & Hearth.
Assets are craftable FTs and created by combining parts in several proportions. Excessive-level sources would require not solely the mixture of parts, but additionally lower-tier sources.
Interface of the Metalab from the Cardano Lands Universe
By inventing new recipes customers get the Inventor standing. Inventor rewards check with the prizes customers obtain after they efficiently uncover new recipes. The primary one who manages to seek out the proper mixture of parts/sources that results in a brand new recipe is rewarded with the next rewards:
- Raffle tickets for a prize pool of 10,000 ADA contained within the Inventor’s Prize Pool
- 1000 $EXO tokens
- Mining Software – CNFT that offers you distinctive bonuses
- The pockets (stake deal with) of the inventor is immortalised within the FT representing the invented aspect
The Inventor Prize Pool will not be the tip purpose, all sources can be utilized in our upcoming recreation!
Nice contribution. Any closing ideas? The place can individuals be taught extra?
Initially, we wish to thank all our companions who joined our platform and particularly those that trusted us at first. We expect that with our challenge we can assist somebody and unite individuals.
If you’re not aware of our platform but, we invite you to affix our Discord, our nice group can be pleased to assist!
Disclaimer: The opinions and views of the individuals interviewed are their very own and don’t essentially replicate these of the Cardano Basis or IOG. Furthermore, this content material is for academic functions, it doesn’t represent monetary recommendation.