Blockchain
DeFi Yield Protocol (DYP) Announces Cats and Watches Society
Bucharest, Romania–(Newsfile Corp. – April 11, 2022) – DeFi Yield Protocol (DYP) announces the imminent launch of its Cats and Watches Society NFT collection, due on April 13, 2022. This hotly anticipated event comes with prizes and promising new features propelling DYP into the industry’s spotlight.
DYP NFTs
What is Cats and Watches Society?
Cats and Watches Society, which is DYP NFTs, is a collection of unique, randomly-generated Cat NFTs from more than 235 different attributes. These icons are present on the Ethereum blockchain as ERC-721 tokens, and the Interplanetary File System (IPFS) will host them.
This exciting NFT collection comes from the DeFi Yield Protocol (DYP), one of the most experienced and innovative projects in decentralized finance. The project seeks to promote DeFi adoption and has made significant partnerships with big names like Chainlink, Avalanche, Kyber Network, Crypto.com, Coin98, and others.
DYP is a platform offering solutions for yield farming, staking, NFTs, and other DeFi tools. So far, the team has consistently rolled out several functional products. Now, it is ready to launch DYP NFTs, a high-utility NFT series with multiple perks for its members.
Every cat in the CAWS collection has its own personality, outfit, expression, and other unique traits. Most importantly, each has its own watch preferences, making some of them stand out more than others. Users can discover their quirky features and intriguing stories before fostering one or more.
These super rare cats will be available for adoption starting on April 13. Every adopter will get a funky cat wearing a luxury watch, which provides access to the members-only Society Benefits Zone. New cat owners also receive 10% of the minting fees. Moreover, they get a chance to earn ETH rewards by joining the DYP NFT staking pool.
Details on how to be eligible for the prizes are available through the DYP NFT whitelist process.
Distribution and Society Benefits
Another aspect that differentiates DYP NFTs from other NFT projects is its anti-whale purpose. The team believes that whales shouldn’t be the only users able to mint NFTs. In fact, minting a Cat costs only 0.08 ETH, which should be accessible for most users. Furthermore, the project does not impose price tiers or complex minting conditions. This way, everyone looking to adopt an NFT Cat pays the same price.
Getting 10% of minting fees and access to the Cats and Watches society staking pool are not the only enriching means for Cat adopters. Those minting and owning more cats get a higher share in the staking pool, substantially increasing their ETH rewards.
After minting, every holder can mint an additional standalone NFT watch for free, which will provide other future benefits.
Upcoming P2E Game
DeFi Yield Protocol is also building its own Metaverse with an exciting play-to-earn (P2E) game still in development. During the game, players will have their NFT cats as companions, which they can customize by purchasing items and animations. Above all, the cats will interact with their owners in various ways, especially through sounds and animations.
The game will challenge players with an adventurous quest to dig for treasures and complete daily, weekly, and monthly quests. Users will be able to earn coins for their achievements, which they can later trade for various tools.
The game will require players to use two tokens, iDYP and DYP. For instance, they will use iDYP to boost the energy levels of their characters and cats. On the other hand, they can use DYP tokens for purchasing in-game items.
One of the game’s strongest points will be the social interaction between players. For instance, users will be able to invite each other to participate in a task and work together to progress. This way, the game will act as a social platform with P2E benefits, where players can meet, chat, and collaborate. Currently, the game is still in development. However, it’s already showing signs of becoming one of the most exciting P2E games in the Metaverse.
Join the whitelist and be ready to adopt a funky cat on April 13.
For more information about Cats and Watches Society, please follow the links below:
| DYP NFTs | DYP Website | Twitter | Telegram | Discord |
Contact Information:
Tek Kol
DYP Finance
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120072
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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