Weekend in NFTsSep 13, 2021
Cool Cats recently unveiled its plans to launch $MILK tokens that are passively earned by holding and an egg that can be claimed per Cool Cat (try sending that to your friend who isn’t crypto-pilled). The token will gamify the project, and potentially bring value to Cool Cat holders.
CyberKongz has been gaining steam, in part due to its yield generating capability. The price floor for Genesis Kongs sits at 62 ETH today. Each Genesis’ Kong yields 10 $BANANA (~$240) per day which enables different features such as custom name and bio, or the ability to breed a ‘Baby’ Kong. Holding a CyberKongz also gives you access to the Wall Street Kongz discord which has been known for great alpha plays.
Given the success of utility-embedded NFTs, future projects might implement similar mechanics to boost their attractiveness.