Non-Future Tokens (NFTs) are becoming increasingly popular as authentic, verifiable digital assets stored on the blockchain. In some cases, these digital artworks sell for a very high price and reward investors who have been willing to hold them for a long time. While most of them are still standing, some NFTs are being burned with the goal of increasing the shortage of other assets in the pool. As a result, many NFTs are not actively traded, but remain inactive in the portfolio while the investor anticipates an increase in the value of the platform. Similar procedure for people carrying coins in a bag. For these reasons, liquidity has often been a major problem for NFTs already struggling to deal with an undeveloped ecosystem.
As a result, industry experts and crypto enthusiasts faced the question of how to improve the liquidity of NFT?
Since NFTs are token assets, just like tokens, they can be invested in a cryptocurrency value creation project or, in theory, in an asset that can generate a regular revenue stream. This concept, known as NFT cultivation, requires that NFT assets or other token assets be moved to an “effort platform” where the assets can be allocated to management to select the tokens and rewards issued.
The reward is usually based on the asset’s ability to generate recurring income, such as royalties. Again, we can compare with interest-bearing savings accounts that hold paper money and reward bank account holders with payments added to the account balance.
Not only does this system give investors access to more significant rewards, but it significantly accelerates the development of the digital resource ecosystem for NFTs.
The Umi Digital platform aims to reduce technological barriers to accessing artists, simplify transactions, and help connect new audiences to digital art. The decentralized technology project uses the blocks of Ethereum (ETH), Polkadot (DOT), and Sora (XOR) to also allow users to benefit from the growth of NFTs. According to the team, the platform is described as “a multi-chain decentralized finance and indestructible growing token.”
Where NFT meets Agriculture
Umi Digital continues to offer several NFTs to artists in an effort to expand its existing market and brand. Among the most notable features is the ability to share NFT Umi and other crypto assets for a reward. Each NFT has its own income generating opportunities that can help increase the premiums charged when investing in other cryptocurrencies. The latest release of the platform includes digital monkeys made by a talented Japanese artist.
More information about UMI DIGITAL here
If we take a closer look at the group itself, only 20 out of every 20 chimpanzees in the group will be affected, giving a total of 400 publicly available NFTs. In addition to chimpanzee fundraising, the first customer will receive a UMI Millions gift via Airdrop. If you add this gift, owners will be able to share UMI DApps with their NFTs. NFT chimpanzees are said to be turbocharged to provide higher annual income (APY). The team behind Umi Digital also believes that the release of the collection will be the catalyst and driving force behind the platform. Fast-paced collectors who can unlock a full set of digital chimpanzees will have access to even more features.
Both Liquidity Farms and the NFT are currently available on the testnet, with a major network launch planned in the near future.
The way to become a network is neutralization
To continue supporting new artists, Umi Digital strives to be chain-neutral and offers DApps and services across multiple networks, including Polkadot, Matic, Binance Smart Chain, and Sora. According to their official roadmap, these initiatives will be completed with the launch of UMI and NFT efforts, NFT mining and marketplace on the Ethereum Mainnet, followed by the launch of a DApp in Sora.