What is NFT farming?
Let’s break this down like we’re dropping a hot new beat: NFTs (Non-Fungible Tokens) are like digital collectibles. They’re one-of-a-kind pieces of digital art or media that have been verified on a blockchain, making them unique and impossible to replicate.
In recent years, particularly in 2021, NFTs have seen an incredible surge in popularity – like a TikTok dance challenge gone viral! Everyone from musicians to athletes and digital artists are getting in on the action, selling their exclusive digital goods for high prices. It’s like a 21st-century art-collecting movement with an exciting modern twist!
Think of owning an NFT as owning a rare pair of Jordans; only instead of sneakers, it’s an original digital painting or video clip. Like sneaker culture, NFTs offer exclusivity and bragging rights – just like owning the ultimate pair!
Now, what is NFT farming?
First of all, NFT (Non-Fungible Token) farming refers to a non-fungible digital asset created with similar programming techniques as cryptocurrencies. The NFT tokens rely on blockchain technology and cannot be traded or exchanged just like other cryptographic assets such as Bitcoin or Ethereum can.
NFT farming refers to any method that generates income using non-fungible tokens. NFT farming is typically accomplished by placing tokens into a pool or lending. The former involves NFTs/tokens being placed into an investment vehicle that earns rewards according to an established annual percentage return (APY).
What is Superverse DAO?
SuperVerse aims to make it simple for anyone to create non-fungible tokens (NFTs) farms with little or no programming knowledge. NFTs can be used as a representation of real assets like artwork, music, and in-game assets, as well as financial derivatives and other financial derivatives.
SuperVerse DAO attempts to give communities the ability to create, manage and farm NFTs with intuitive, user-friendly tools. The project seeks to raise awareness about NFTs and their long-term uses while making this technology accessible.
Superverse also claims that its NFT partners are/will be hand-selected for their ability to infuse their NFTs with market value and connectivity, creating a level of asset value never seen before in NFT projects. Each partner is meant to be selected based on their capacity for using crypto or non-crypto projects with their NFTs.
SuperVerse is a decentralized ecosystem that unites multiple products under one governance token called SUPER. It has recently been rebranded from its previous iteration, SuperFarm. The SuperVerse platform consists of two primary verticals: NFT Marketplace and Gaming.
What are the Advantages of SuperVerse DAO?
SUPER is SuperVerse’s native utility token. The token will be used primarily for governance purposes and as a way to make purchases.
Super token holders will have the power to vote on platform governance issues and create SuperVerse Improvement Proposals (SVIPs). Furthermore, decisions about fees generated from ecosystem products will be sent directly to the DAO Treasury for consideration.
Moreover, SUPER tokens are required in order to access core features of the platform.
Web3 and Superverse gaming
SuperVerse’s vision is that games can bring the first billion people into the metaverse. Web3 has the potential to surpass its current limitations by creating enjoyable and accessible titles for modern gamers. Now, SuperVerse is ready to become mainstream among content creators and players alike.
SUPERVERSE will be featuring three AAA video games powered by NFTs. NFTs give players ownership over their items and make them interoperable, and we hope others will join our metaverse; however, NFTs can still provide great utility even without this connection.
Participate in the NFT Marketplace and Metaverse
The NFT marketplace infrastructure is an essential Web3 element, serving as the central point for community engagement and creativity. Both Web3 natives and new users alike can find value in the NFT marketplace in the SuperVerse.
How will this be achieved exactly?
The team behind SuperVrse promises that projects will have an endless number of ways to maximize NFT utility and properties through cultivation. NFT farms can provide projects with a way to add a gamification element in various ways, giving rise to virtually endless possibilities with this technique.
What is the process of farming Superverse tokens?
The process of NFT farming works in a pretty straightforward manner.
SUPER token holders can stake their SUPER tokens to earn GEMS block-by-block based on their share of the total pool.
In the initial phase of the project, these points can be redeemed for SuperFarm Genesis Series products. Any unredeemed points can be used in the future.
What is the history of Superverse?
SuperFarm was a platform designed to make non-fungible tokens (NFTs) more accessible and user-friendly.
It provided an NFT farm cross-chain platform that promised that it could enable anyone to launch their own digital tokens or NFT farms without any programming expertise necessary.
SuperFarm was rebranded as SuperVerse. Some members of the original SuperFarm have expressed their disapproval on Reddit or YouTube.
SuperVerse’s rebrand has nonetheless garnered considerable interest.
SuperFarm has recently announced that it will partner with The Sandbox, an open-source platform that enables creators to monetize their voxel assets and gaming experiences on the blockchain.
The company anticipates announcing many additional notable partners shortly.
Is SuperVerse worth your time and investments?
SuperVerse is a project of considerable potential. Its endorsement by big-name exchanges such as Binance or partnerships with projects such as The Sandbox goes to prove this.
Yes, of course, the NFT market has hit a hurdle lately. However, it’s not one that is impossible to overcome.
Only the projects that offer real value will be able to thrive. SuperVerse promises to do just that and we’ll just need to wait to see how they live up to their promise.