🌅NFTs

🌈 Going forward

We want to be on the forefront of blockchain solutions. A part of that means creating non fungible tokens that will provide some value for our community. We are already working with some designers (and will be reaching out to even more) in order to create some unique NFTs for community.

❗️In the near future we will be releasing: 👨‍🌾 Our plans for NFTs that create farming benefits. 🐋 The very first Polywhale NFTs 💎 The scarcity and supply of the NFTs we have in mind. 🛠 The utility NFTs will have in our ecosystem.

NFTs will play a vital role in our continued efforts to keep making Polywhale a gamified website. We want to create some unique NFTs that are limited with some way of creating value by utilizing the KRILL token. One of the ways will be doing that, is by implementing NFT utility as a part of farming. It has never been done before, and we can't wait to show you how.

A teaser has already been for this feature, and can be seen in our Reef. We are also exploring how we can distribute NFTs as rewards for different achievements you receive by interacting on Polywhale. All the necessary details that apply for different NFTs will be shared with the community in an extended article.

🔥 NFTs as a burning mechanism

As any the features we will release, NFTs play a vital role as a way of continuously burning KRILL.

Some benefits that come with the Polywhale NFTs:

• We will be burning the majority of KRILL that is raised through the sales of NFTs.

• The interest and pledges to buy the various NFTs will increase demand for the KRILL token

• We are creating actual utility with the usage of NFTs that will incentivize buys.

The incentives structures for the various NFTs we are launching are still being experimented with. Once we have settled with the first range of NFTs we will be releasing, we will publish more details about how it will benefit KRILL holders.

🐳 Community votes & submissions

A big part of our NFT art releases will be conducted with our community. We are previewing different designs and letting the community vote for what NFTs they like the best. If you are a designer that want to submit some awesome submission, please reach out to us by email: [e-mail] or post your suggestion(s) on our reddit.