The first ever miner pegged NFT with cloud mining capabilities was pre-launched by MetaBlox on August 24th, 2022, on Binance NFT. MetaBlox is a leading project in the Decentralized Wireless Network (DWN) and Decentralized ID (DID) sectors and is building important infrastructure for Web3. The MetaBlox NFT is a crypto mining NFT, each will link to a miner that provides the general public with free Wi-Fi at particular locations. The miners generate a passive income (MBLX tokens) for the NFT holders.
The value of traditional NFTs usually comes from their following characteristics:
The practical value of NFTs is supported by the commodities they correspond to, commodities like digital tickets, digital albums, and game tools. The legal function of NFTs lets holders uses them as IDs for certain services issued by a given platform. At the same time, certain NFTs offer emotional value as well, due to their artistic and representational capabilities.
Crypto Mining NFT: Earn Easy Crypto
Even though traditional NFTs maintain some market value, the crypto mining function of the MetaBlox Genesis NFT makes it especially valuable, demonstrating how Web3 utilities enhance market evaluations of NFTs.
Since MetaBlox NFTs connect to a hotspot miner, each one earns ongoing $MBLX profits for holders. This feature is the NFT’s cloud-mining utility. NFT holders start earning crypto from the miners on December 12th, 2022. Holders won’t pay any operating costs of the pegged miners–they’ll just get their profits.
On the MetaBlox app you will be able to monitor your mining progress and view the amounts earned. Cloud mining tokens will be deposited into NFT holders’ crypto wallets.
Beyond that, MetaBlox NFTs holders will also earn crypto from other lucrative NFT utilities:
For more crypto profits, the MetaBlox NFT is also stakeable. A staking pool into which anyone can deposit their MetaBlox NFT opens on September 12, and $MBLX rewards will be issued to holders for each day their NFT is staked. The staking pool closes on December 12th, on which day all profits from staking will be deposited into wallets
Flexible staking will let holders withdraw their NFT from the pool anytime and keep their staking earnings from the previous days.
VIP Community Pass
The NFT is also a VIP pass to MetaBlox communities, getting holders into special events and providing access to airdrops from GameFi partners, boosted incomes from DeFi partners, as well other location-based services. Expect special rewards from various sources as Web3 grows.
In the future, NFT holders will also be able to obtain co-mining tokens from ecosystem partners, as the MetaBlox NFT is equipped to receive tokens besides $MBLX.
During the NFT NYC event earlier this year, the MetaBlox team successfully demonstrated how the MetaBlox miners and app work together. The app connected to a miner, calibrating it to receive $MBLX.
Meanwhile, to better distribute WiFi hardware and services to every corner of the world. MetaBox joined the world’s largest open roaming network alliances, Wireless Broadband Alliance (WBA) and Wi-Fi Alliance (WFA). By the end of 2023 there should be 2.5 million MetaBlox open roaming nodes and 500 thousandMetaBlox mining nodes, all serving over 25 million users.
“It’s an honor to be developing the first miner-pegged NFT” said Jeffrey Manner, MetaBlox’s Co-Founder and Team Lead.
To learn more about the MetaBlox NFT, join the community on social media!
Official Website: https://metablox.io/.
Disclaimer: This is a paid post and should not be treated as news/advice.