Punk Vision’s Road to NFT World
What is the origin of Punk Vision’s DAO + DeFi? First, we must know what NFT is. The full name of NFT is Non-Fungible Token.
If you have 1 BTC and another one has 1 BTC, too. Their value are the same, and they can be exchanged at will.
Cryptocurrencies such as Bitcoin and Ethereum can be exchanged,either. That is, 1 BTC can be swapped with 1 BTC, 1 ETH can be swapped with 1 ETH, and so on.
NFT is not like BTC, or ETH, which can be divided into 0.1 or 0.0002 units. The unit of NFT is always 1! NFT characteristics: unique and indivisible.
Therefore, the liquidity and transaction of NFT will become worse than Fungible tokens. How to solve this problem? The answer is to create a DeFi financial derivatives platform of NFT.
Providing staking and mining for NFT projects on Punk Vision’s NFT platform, users will get rewards provided by Punk Vision.
Punk Vision will do this!