The pre-launch of MetaBlox’s Genesis series miner-NFT was a success, with its secondary market binance price increasing significantly over the price it opened at on Wednesday, August 24, 2022. Another 1000 units of the NFT are slated to be released on September 6th, 2022 on OpenSea.
Cloud Mining Effect
The NFT likely sold so fast because it is the first miner-pegged NFT. This enables its cloud mining feature, which delivers ongoing income to holders in the form of $MBLX crypto tokens. Holders collect all the $MBLX crypto tokens issued by a miner that provides WiFi to busy public locations.
These ongoing profits come at no extra cost to NFT purchasers because the miners are maintained and operated by MetaBlox. These miners will connect to the NFTs on December 12th, 2022.
A New Generation of NFTs
The early success of MetaBlox’s NFT demonstrates a clear appetite for utility-based NFTs that provide holders ongoing value. The collection is designed to provide ongoing income via its special utilities, making it more valuable than many artwork-oriented NFTs. In addition to cloud mining, the Genesis collection has the following utilities that earn holders crypto:
- Proof of OG status in MetaBlox communities, getting holders into special events, and providing access to airdrops from GameFi partners, boosted incomes from DeFi partners, as well other location based services.
- NFT Staking: holders can deposit their NFT into a staking pool starting September 12th for daily crypto rewards that become available December 12th
- Network profit splitting: holders split the profits from providing ISPs with Web3 infrastructure–providers purchase the WiFi services provided by the miners, which become nodes on their 5G networks. So miners earn rewards for serving companies as well as individual Web3 users.
Expect them to increase in price as their popularity inevitably grows, now is the best time to buy a utility NFT. At current prices, MetaBlox NFTs holders can earn back their investment within a few months, but returns relative to investment are bound to decrease in the future.
What’s Next?
Another 1000 units of the MetaBlox Genesis NFT will be available on OpenSea on September 6th, 2022, so load your wallets asap. MetaBlox will continue to grow its miner network with its partners in order to bring more rewards to NFT holders for building a decentralized internet.
MetaBlox is also committed to achieving WBA WiFi standards across its hotspot network, ensuring optimal user experience and security. MetaBlox will be presenting at the WBA conference in Amsterdam on October 17th, 2022.
On December 12th, 2022, MetaBlox NFT mining will initiate and staking rewards become available.
For more information on how MetaBlox is building Web3, visit the website. To chat and join the community, visit MetaBlox’s social media channels!
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