If you’re like me, then you’re always on the lookout for new ways to make money, and if you’re interested in cryptocurrencies, then I’ve got some good news for you. There are now a lot of ways to make money from NFTs! In this article, I’ll introduce you to Logarithmic Finance (LOG), STEPN (GMT), and The Sandbox (SAND) – three platforms that allow you to do just that. So read on to learn more, and start making some money today!
Logarithmic Finance (LOG)
Launched in 2021, Logarithmic Finance (LOG) offers advanced functionality for liquidity providers with the contribution of ideas from the community. In addition, it creates a secure, scalable, and cost-effective ecosystem by keeping up with the innovations of decentralised finance (DeFi). The project has a unique advanced NFT platform, users can perform auctions and purchases here. However, all these are only available to LOG token holders; moreover, different cryptocurrencies and stable coins can be used in the NFT market. The goals of the project include increasing the number of cryptocurrencies they support and encouraging NFT transactions.
The project’s native token, LOG, is an ERC-20-based cryptocurrency and is used to incentivize the community. Users will be able to create recommendations to identify new features of Logarithmic Finance (LOG). In addition, the project also has a staking system. Staking allows users to lock some LOG tokens and earn rewards.
Besides all this, Logarithmic Finance (LOG) has a detailed burn plan. The aim here is to reduce the circulating supply of LOG. Burning refers to the act of removing the token from circulation permanently. As the circulating supply decreases, the value of the token will naturally increase. Thanks to this, Logarithmic Finance (LOG) will have a deflationary mechanism and increase its value in the long run. It is stated that the first burning mechanism will be at the protocol level. It will be automatically performed in a certain amount by the system. According to the development team, the burn rate will be regularly voted on by LOG token holders, thus adapting to users’ needs.
Logarithmic Finance (LOG) always values creating a vibrant and strong community, it will launch a new membership program to provide loyal community members with LOG tokens. It is stated that these members will have additional advantages and privileges apart from the existing LOG incentives.
STEPN is a mobile NFT game powered by Solana (SOL). The project is the first mobile game to win a hackathon award. STEPN (GMT) aims to functionally develop a synthesis of blockchain technology, social media, and gaming platforms.
One of the factors that make the STEPN project strong is because of the investments from technology giants such as Solana Capital, DeFi Alliance, Sfermion, and Spark Digital Capital. In addition to all these investments, it is worth noting that Zhen Cao and Santiago Santos are also involved in the project as angel investors. On the other hand, the STEPN (GMT) developer team aims to provide a healthier life to billions of people around the world with the income they will gain from the project and to introduce Web 3.0 technology to people.
The Sandbox (SAND)
The Sandbox (SAND) is a decentralised platform where users can create, experience, and monetize their virtual worlds using the Ethereum (ETH) blockchain. The project is developed by Pixowl, a game studio based in San Francisco and Buenos Aires. The Sandbox (SAND) uses non-fungible tokens (NFTs) to represent assets in its virtual world. These tokens can be used to create experiences, games, and applications. The project has a market value of $2.7 billion and is backed by investors such as Animoca Brands, Square Enix, B Cryptos, and True Ventures.