In the coming weeks, many new and exciting NFT projects are launching. Here are five of the projects that we find most interesting:
Snoop Dogg intends to transform Death Row Records into an NFT music label. In a recent interview, he said: “Death Row will be an NFT label, we will be putting out artists through the metaverse […] Just like when we broke the industry when we were the first independent [record label] to be major, I want to be the first major in the metaverse.”
Watchtower.cc is building an advanced dashboard for tracking, filtering and sorting “the events happening across the NFT ecosystem.” In other words, if you want to know the instant a Cryptopunk is listed for sale or need to track the biggest NFT buyers, Watchtower.cc is for you.
TheIdols.io is an experiment in embedding value in NFTs: the initial minting sale is used to buy staked ETH (stETH) and then staking rewards are distributed to NFT holders in perpetuity. There is also a secondary token that earns royalties on all NFT sales. The goal is to create a virtuous circle.
Floor.xyz is a NFT-inspired fork of Olympus DAO. The difference is that FloorDAO will accumulate fractionalized bluechip NFTs. For example, traders could earn Floor tokens by bonding PUNK tokens that represent shares of CryptoPunks in NFTX.io’s vault.
NFTgradient.com is a “DeFi lending protocol that enables immediate loans using any NFT as collateral while allowing anyone to earn interest from the NFTs they own.”
That is, of course, just a small sample of the many exciting projects that are launching in the near future. As always, please do your own research before interacting with, or investing in, any of these projects.
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