FastAF partners with Solana-based NFT project Degen Apes as part of token-gated merch drop
NFT
The “fast commerce” agency FastAF and Degenerate Ape Academy have partnered to facilitate NFT-gated commerce on cell phones.
FastAF is an organization that delivers magnificence merchandise, house items and different gadgets to prospects inside three hours in the event that they’re primarily based in New York Metropolis, Los Angeles or San Francisco or inside 5 enterprise days if situated elsewhere within the US. Over 100,000 individuals use the platform, FastAF CEO Lee Hnetinka tells The Block.
The brand new association lets Degen Ape holders buy merch because of having a Degen Ape NFT of their FastAF pockets — offering a use-case for “token-gating,” or proscribing entry to a superb, service or occasion relying on NFT possession.
Hnetinka says that Degen Ape holders gained’t want to maneuver their beneficial NFT out of chilly storage, or place digital property offline for safekeeping, to say their merch. Reasonably, FastAF will airdrop sure NFTs to all Degen Ape holders that may then be used to unlock unique content material on FastAF.
“We actually imagine that NFT’s are creating a brand new type of buyer acquisition, the place we’re seeing prospects who’re truly shopping for into the model,” Hnetinka tells The Block.
Degen Apes — quick for Degenerate Apes, a play on the crypto meme of calling reckless crypto merchants “degenerates” or “degens” — was the primary Solana-based NFT undertaking to web over $1 million in a single sale.
The transaction occurred on September 11 of 2022 when the blockchain advisory agency MoonRock capital purchased Degen Ape #7225 for five,980 SOL, or $1.1 million on the time, The Block beforehand reported.
At its peak, The Block’s information exhibits that Degen Ape Academy introduced in over $33.28 million in August of 2021.
