Cardano NFT Column: Cardano Lands

NFT

This week’s visitor on the Cardano NFT Column is a challenge that reproduces the DeFi mannequin with NFT and permits staking many Cardano NFT collections to earn HEXO tokens: Cardano Lands.

Final week’s visitor was a challenge constructing a buying and selling card sport (TCG) harking back to well-known TCGs like “Magic: The Gathering” and “Yu-Gi-Oh!”.

This initiative is a degree of reference for NFTs on Cardano and each week or two we’ll invite somebody to reply some questions and provides us an replace straight from inside the Cardano group.

Contemplating that a lot of our readers are new to the crypto house, we could have a combine of straightforward and technical questions.

Cardano NFT challenge: Cardano Lands

Cardano NFT challenge Cardano Lands brings utility to many NFT collections

Hey, glad to have you ever right here. Please introduce your group, the place are you from, what are your backgrounds?

Good day and thanks for inviting us!

We’re a group of seven individuals from Europe and Latin America. The core group of the challenge has already been working collectively for 7 years within the IT subject. Ranging from easy options for creating web sites, e-commerce, fintech, ERP and video games.

Within the closing, we got here to the blockchain and determined to decide on Cardano.

What’s Cardano Lands? How are you merging NFTs with DeFi? And why have you ever chosen this blockchain on your challenge?

Cardano Lands is right here to deliver further utilities for current NFTs. We invite all Cardano tasks from totally different corners to affix our Staking program to change into certified and generate each day rewards! Holders can have advantages from NFTs that they already purchased a while in the past and maintain!

DeFi is a whole ecosystem of working purposes and protocols that ship worth to hundreds of customers and we reproduce this mannequin in Cardano Lands! Our Staking program is simply the start of it. We plan to inherit a few of the metaverse mechanics and cross them with the mechanics of RTS video games.

Cardano is well-known for its scalability and safety. For the challenge like we’re constructing it’s crucial to work with excessive transaction throughput and information scale. The worth of the transaction is the necessary half as nicely. Our sport that we launched on 12 October is totally on-chain and we’re glad for the small transaction charges on Cardano.

Final however not least, we need to discuss how pleasant and nice the group is right here. Every single day in our Discord we see how individuals assist one another and create new relationships.

What are the benefits for different NFT collections to make use of your platform? How does the staking course of work?

Becoming a member of a staking program and turning into certified is a good push for forgotten or small collections, particularly with fairly low flooring worth. We see how individuals purchase NFTs from third markets, like jpg.retailer to generate extra each day rewards in Hexonium (HEXO)!

Hexonium (HEXO) is the important thing to all upcoming content material in Cardano Lands Universe! It may also be exchanged on the MuesliSwap. Good cashback on your NFTs when you don’t need to use Metalab.

HEXO is the reward token for staking Cardano NFTs on the platform

Our staking program is non-custodial – it implies that all of your belongings stay in your pockets, and nobody will ask you to ship your NFTs someplace. Whenever you join your pockets to our web site you mechanically begin to stake your NFTs from certified collections.

Every single day you get a certain quantity of rewards which is calculated by our staking components, in easy phrases the extra holders the gathering has the extra mining energy there shall be.

You even have one other native token known as EXO. What’s its position within the ecosystem and what does the long run maintain for the token and the challenge general?

Sure, EXO is our governance token and will be minted by way of our web site. At the moment 28 million of tokens have been bought however there may be much more to return.

EXO is used to vote to find out collections as certified to generate rewards from staking.

There shall be extra utilities for EXO tokens sooner or later. We have now Lands, you recognize? Lands is the start of the RTS mechanics and shall be obtainable for mint in Q1 2023 just for EXO.

EXO is the Governance token in Cardano Lands

We plan to have EXO as the primary (fee) forex of Cardano Lands Universe to extend the worth of it and keep a wholesome financial system.

Full tokenomic data about EXO will be present in our Whitepaper.

Certainly one of your first gamified experiences is the Metalab. What’s it?

Metalab – is the middle of the Cardano Lands universe and the place the place new FTs are born.

That is the first and primary utility for HEXO tokens. Customers can buy fundamental components and attempt to mix them in numerous variations and invent new recipes, after which utilizing the newly found sources, attempt to create sources of the next-tier!

There are 4 fundamental components obtainable for buy: Air, Earth, Water & Fireplace.

Assets are craftable FTs and created by combining components in numerous proportions. Excessive-level sources would require not solely the mix of components, but additionally lower-tier sources.

Interface of the Metalab from the Cardano Lands Universe

By inventing new recipes customers get the Inventor standing. Inventor rewards confer with the prizes customers obtain once they efficiently uncover new recipes. The primary one that manages to search out the right mixture of components/sources that results in a brand new recipe is rewarded with the next rewards:

• Raffle tickets for a prize pool of 10,000 ADA contained within the Inventor’s Prize Pool
• 1000 $EXO tokens
• Mining Device – CNFT that offers you distinctive bonuses
• The pockets (stake tackle) of the inventor is immortalised within the FT representing the invented factor

The Inventor Prize Pool isn’t the top aim, all sources shall be utilized in our upcoming sport!

Nice contribution. Any closing ideas? The place can individuals be taught extra?

To start with, we need to thank all our companions who joined our platform and particularly those that trusted us to start with. We expect that with our challenge we can assist somebody and unite individuals.

If you’re not accustomed to our platform but, we invite you to affix our Discord, our nice group shall be comfortable to assist!

Disclaimer: The opinions and views of the individuals interviewed are their very own and don’t essentially replicate these of the Cardano Basis or IOG. Furthermore, this content material is for instructional functions, it doesn’t represent monetary recommendation.