1./ One of the projects I'm really excited about although not many people are talking about it is @Minerva_NFT. As the name shows, it's a NFT project. Unlike many of the NFT "projects" that only distribute mostly worthless JPEGs, @Minerva_NFT has a real use case. A thread 🧵
2./ Although @Minerva_NFT is a NFT projects, they don't make use of the default NFT standard. They are going to use the ADOs made available by @AndromedaProt. Another time I'll explain what the difference is, for now, let's focus on @Minerva_NFT
3./ So if it has nothing to do with JPEGs, what is it? @Minerva_NFT is bringing real world assets to the blockchain. What kind of real world assets? Wine people, wine 🍷 So why is this a thing?
4./ Wine is an asset people like to invest in. If you like it or not, if you think it's smart to do or not, it's a fact. But there is one disadvantage for sure. Investing in wine means locking your money. How is @Minerva_NFT going to solve this?
5./ By making wine available on the blockchain as an ADO people can buy wine and use it as collateral and so start earning yield on their asset. This could possibly unlock a huge amount of value and bring it all to the #Terra ecosystem and $UST.
6./ You'd rather drink the wine? I can definitely understand and so does @Minerva_NFT. If you commit to burning the ADO, the wine will be delivered at your doorstep and you're ready to enjoy the taste of a good wine 🍷
6./ So this is the basic concept. Bringing real world assets to the blockchain to make them yield is HUGE in my opinion🔥🔥🔥
Later, I'll elaborate more about the vaults @Minerva_NFT will use and their tokenomics. And I can tell you, you'll be amazed. 👀👀
Later, I'll elaborate more about the vaults @Minerva_NFT will use and their tokenomics. And I can tell you, you'll be amazed. 👀👀
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