Altura Introducing Staking $ALU For NFTs With NFTrade
Altura is excited to announce a partnership with NFTrade on the farming of NFTs. This partnership will allow Altura holders to stake $ALU and in return receive Altura NFTs. Through NFTrade, $ALU holders will receive exclusive access to NFTs which will be accessible and listed on NFTrade.
What is NFT Farming?
NFT farming is built off the ideas of token staking and liquidity farming. Traditionally, when staking a token a reward is distributed through the natively staked token. In NFT farming on the other hand the rewards are in the form of NFTs. The benefit of this is that users can obtain rare and distinctive assets which may produce a greater yield.
What Altura NFTs Will You Be Able To Receive?
With Altura’s launch of their collectible Founder NFTs, users will be able to stake $ALU to receive these NFTs as rewards. In the future, Altura is planning to launch utility NFTs that have governance over the Altura ecosystem. In simple terms, this means the community is given a say on how Altura’s future can look like. When released these NFTs will become available as rewards for $ALU NFT farming on NFTrade’s platform. Additionally, any new NFT drops by the Altura team will be available as rewards on NFTrade.
NFTrade is the first cross-chain and blockchain-agnostic NFT platform. They are an aggregator of all NFT marketplaces and host the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.
Altura is a smart contract platform that allows game developers to mint, distribute and transact Smart NFTs representing in-game items. Smart NFTs are NFTs with dynamic properties that can change based on certain conditions. Smart NFTs are the next step to making decentralized in-game items mainstream and offer a massive range of potential opportunities that are not possible with traditional NFTs. We want to create an easy-to-use interface and API for creating Smart NFTs, an open marketplace for transacting NFTs using the Altura token, and we want to introduce truly random smart loot boxes to the blockchain.