Yield Protocol, which is renowned for its open-source facilities to process yield farming strategies, has announced the decision to collaborate with NFTrade, a multi-chain Blockchain company that specializes in mining and transaction of Non-fungible tokens.
With NFTrade, one can easily initiate, mint, switch NFTs, and situate them in the center of Non-fungible token economic system. After the collaboration comes into action, investors and users in Yield will be enabled to wager the $YIELD tokens to mining rewards and profits in the form of non-fungible tokens. One such NFT reward will give the lucky users advanced beta development passage to using YieldShield powered by Binance Smart Chain technology.
While the NFT market had exploded in the first half of 2021, especially from January to March, when the aggregate market value of NFT schemes has become manifold by 1785 %, it has stabilized after that. However, the sales record was as high as 2 billion dollars in that period. Despite the cooling off of the growth of the NFT market, the profits are much higher than that in 2020. Hence, it can be safely asserted that the NFT market has substantial investment potential.
As a stakeholder of $Yield tokens, one can gain non-fungible tokens, profits from liquidity mining, and beta access to utilizing Binance Smart Chain for automated liquidity farming. These are the main lucrative offers offered to potential users.
According to one spokesperson of Yield Protocol, the organization is pleased to witness that the $YIELD tokens have contributed to expanding the NFT market. They believe that their partnership with NFTrade will be of extremely lucrative commercial benefits to the owners of YIELD tokens. Similar optimism was expressed by the spokesperson of NFTrade.com, where they demonstrated their excitement about joining the Yield Protocol. They are hopeful that this partnership will allow the Yield community to reap benefits from the bustling NFT market on NFTrade.