DeFi and NFTs are landscapes that have almost existed as separate entities. Both existing on predominant blockchain networks illustrate that they are more connected than we understand. And GryffinDAO (GDAO) is a new project on track to unite DeFi and NFTs under an ecosystem.
NFTs blew up in 2021, and the market recorded millions of dollars in daily volume. The space has been influential for creators and artists, enabling creators to get more out of their work. However, it has not been able to lay an impact on the cryptocurrency market as a whole. The cryptocurrency market also impacts the NFT landscape less than the DeFi market.
The crypto market could be in a bear market, and the NFT landscape will be recording high trading volume unaffected by the momentum of tokens. NFTs are beyond just art, and seeing as networks like Decentraland (MANA), Sandbox (SAND), and others have created a virtual world out of it, the future looks promising for projects looking to create tailored solutions for it.
DeFi, however, blew up in 2020 as soon as the market discovered the boundless opportunities it provided. DeFi operates like a banking system but without a banking system. This means all central bodies and authorities are eliminated, and this allows users to get back 100% of gains that could have gone to central bodies like banks.
Decentraland (MANA) is a virtual reality platform that runs on Ethereum. In this virtual environment, you buy land parcels from which you can later explore, develop, and profit. The possibilities are endless.
The areas you interact with in Decentraland are LAND, non-fungible digital assets you buy from other players. The platform allows you to own LAND NFTs that you can use as you wish. You can see the LAND as a replica of real estate in real life. You can create 3D dynamic scenes, a virtual school, a museum, a casino, etc.
It provides a fully immersive experience that is made possible by augmented and virtual reality. However, you take part in a three-dimensional world rather than playing on a two-dimensional screen. It appears to be the future of gaming as the gaming industry has always sorted for ways to make games more intense and real.
GryffinDAO is a new decentralized protocol on the BNB Smart Chain. The GryffinDAO protocol looks to unite NFT and DeFi utilities under an ecosystem. It will allow its community access to various features that make the platform unique. Innovative DeFi offerings like bonding and liquidity bootstrapping can help bring the protocol to a new market resulting in an inflow of liquidity and profit for early buyers.
GryffinDAO is a community-governed project, and seeing as it has proved to be a very effective model for growth and ensuring that projects have a direction, GDAO could be a safe bet. Its NFT offering will power its gaming platform, NFT marketplace, and virtual reality.
Various NFT collections will be available on the GryffinDAO gaming platform, some of which will be essential to the gameplay. The gaming platform would display the various rarity classes and available NFT use cases. In addition to the NFTs produced by the platform, GryffinDAO enables community members to produce their own distinctive NFT designs that may be applied in the gaming industry. This enhances our users’ overall gaming experience while generating an additional revenue source.
GDAO is on stage 2 presale, having recorded a successful stage 1 presale. Buying the token now is cheap and comes with decent bonus offers. You get up to 12% when you buy with top cryptocurrencies like BNB, ETH, USDT, and BNB. Consecutive purchases can earn you up to 95%, and you could end up with a lot more GDAO tokens than your money’s worth. However, the referral program lets you earn without buying a token–you get $40 for every $200 your referee spends on the presale. Join the presale here.
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