💹Hybrid DeFi NFTs
WHAT IS A HYBRID NFT?
Last updated
WHAT IS A HYBRID NFT?
Last updated
A hybrid NFT is inherently linked to a specific number of tokens, enabling seamless exchange between NFTs and tokens.
Future Invst stands as one of the pioneering generative PFP collections leveraging the SPL404 standard. Following the minting of Future Invst, you have the option to retain them as NFTs or convert them into $INV tokens. These $INV tokens serve as the linchpin of the Future Invst reward ecosystem. Subsequently, you can choose to either hold onto the $INV tokens or revert to a Future Invst NFT. Reverting to an NFT involves the burning of a portion of tokens and reactivating all your traits, resulting in a new Future Invst NFT. This process of 'carryover' offers the opportunity to acquire rarer traits, allowing for continuous engagement akin to an infinite loot box and introducing an entertaining gamification layer to NFTs.
The SPL 404 standard addresses several growth obstacles observed in recent cycles, including:
Liquidity concerns
Distribution and expansion of intellectual property
Traders reporting undesired traits or issues in genre distributions
Dilution mechanics surrounding trait/seasonal trait/artistic improvement sharing