MetaBlox NFT Overview #
Every purchase of a MetaBlox NFT supports MetaBlox’s WiFi OpenRoaming network by enabling the deployment of MetaBlox routers. These routers, which function as access points to MetaBlox’s OpenRoaming network, are also miners which can issue tokens for providing WiFi: when a personal device is used to validate a router while it establishes a new connection, it will generate $MBLX tokens for the miner owner and validator.
The MetaBlox Genesis series NFT gives users ongoing rewards–such as $MBLX tokens–in return for their investment in MetaBlox Network. These rewards are delivered via the NFT’s three special features or ‘utilities’: cloud mining, NFT staking, and OG community membership pass. After selling out on Binance, the NFT collection is currently available on OpenSea.
Cloud Mining #
Every MetaBlox Genesis NFT is connected to a router that provides access to MetaBlox Network’s OpenRoaming WiFi. These routers are also miners which generate $MBLX tokens while they connect MetaBlox Network users to WiFi. The more WiFi connections a given router establishes, the more tokens it issues.
Starting December 12th, 2022, every MetaBlox NFT will deliver to its holder’s crypto wallet the tokens issued by the miner to which it is connected. The miners connected to the NFTs are located in high-traffic areas where many WiFi connections are likely to be made, optimizing token yields for NFT holders.
The MetaBlox Network miners pegged to the NFTs are fully maintained and powered by MetaBlox, so NFT holders don’t accrue any of the operating costs associated with mining. After the initial investment in the NFT, there are no costs to receiving the tokens issued by the pegged miner.
NFT Staking #
The Genesis NFT can be staked for daily $MBLX token rewards. This involves simply depositing the NFT into MetaBlox Network’s staking pool, where it remains inaccessible to the holder until they choose to withdraw it from staking.
Holders stake their NFT on the MetaBlox staking site, and will receive $MBLX tokens for each day their NFT is staked. All tokens generated from staking will become available for withdrawal when the staking pool closes on December 12th. Holders can withdraw their NFT from the pool at any time, but need to wait until it closes to obtain their staking rewards. This article explains how to stake your MetaBlox NFT.
OG Community Membership Pass #
The Genesis NFT is also proof of OG membership status in the MetaBlox Network community, which comes with the following benefits:
-VIP status at special events held by MetaBlox and its partners
-Special airdrops from gamefi partners
-Boosted mining incomes from defi partners
-Discounted price for using the MetaBlox network for business
-Stronger voting rights in community governance