Published
2 years ago on
October 11, 2021
Table of Contents
Digital collectibles have taken over the crypto industry, becoming one of the most popular use cases. When it comes to real-world applications, through NFTs only digital collectibles, through NFTs, have penetrated popular culture.
Although popular now, most digital collectibles exist in silos, not a part of a bigger ecosystem. This sort of isolation has restricted NFTs to be nothing more than a JPEG or a GIF file with no emotional value attached.
To exemplify this using a thought experiment; think how popular would a Dogecoin collectible be? A DOGE NFT issued by the Dogecoin network! The Dogecoin network has a long way to go to cater to such a requirement but there are other technically superior networks that have the capabilities to do so. SphynxSwap is making a pioneering effort in integrating digital collectibles into their ecosystem.
SphynxSwap Collectibles Releasing soon
SphynxSwap has announced the release of its exclusive NFT collection, Sovereign Sphynx Council. The NFTs will begin minting on 11th October 2021. The collection includes 8,888 NFT collectibles that can be minted at the price of 0.08 ETH each.
NFTs in the Sovereign Sphynx Council collection serve more than just a collectible, they also act as a source of passive income.
The platform has incentivized early participation that is coupled with long-term staking rewards.
In an additional effort to incentivize long-term NFT holding, Sphynx will reward the NFT holders with 50% of OpenSea royalties along with 50% of the fees from the SphynxSwap ETH Bridge. It is an initiative taken by Sphynx which is synchronous with their aim of making the crypto world more rewarding and accessible to users.
More details about the prizes and NFTs can be found on Sphynx’s Twitter and Discord channels.
SphynxSwap has already established itself as a key player in the AMM market as the one-stop solution for every cryptocurrency exchange needs. They are a one-stop solution that combines some of the most sought-after features in a trading platform such as trading, farming, staking, and holding digital assets to offer a hassle-free environment to the users. With the launch of NFT collectibles, SphynxSwap can also capture the NFT market.
In regards to their roadmap, the Sphynx Platform has already made headway in securing a pivotal position in the crypto exchange and trading market. Now the platform aims to capture the NFT market while following its roadmap, which will soon lead to the launch of the Sphynx NFT platform.
About SphynxSwap
Sphynx is a decentralized exchange that lives on the Binance Smart Chain, designed to allow investors to be able to trade in under 10 seconds. This is achieved by the automated configurations of user experience on the Sphynx platform, offering the quickest swap in the industry, with the lowest fees in the industry.
Sphynx aims to provide an all-in-one solution for trading, farming, staking, and holding. This includes one single platform with a consolidated wallet to always have a birds-eye view of your assets, dynamic charts, farms, and staking portals so users never have to leave the Sphynx platform.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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