Combination of NFT and DeFi

sunlightminer
2 min readApr 24, 2021

As we all know, the most common profit method in the DeFi market is profit farming. Users can obtain incentive tokens by providing encrypted assets on the decentralized financial trading platform. With the rise of Compound’s decentralized finance and currency markets, DeFi trading activities have also surged. It no longer has the attributes of financial transactions, but more relaxed and enjoyable.
In the farm game, profitable farm farmers can invest in liquidity and receive tokens in return. Then they use these tokens to play video games like “Children in Amusement Park” and hope to win by winning the game. In order to earn extra bonuses, who can provide the best proof of ownership for in-game transactions? There is no doubt that it is an NFT token.
NFT can obtain the elements that give value to the project in the physical world and transfer these elements to the digital field. Without NFT, the added value of “digital products” such as game skins will be difficult to quickly reflect.

In blockchain games, player skins, weapons, or anything used by your character are generated as NFTs, which can mark the assets in the game and convert them to NFTs. This will be unprecedented in the game industry. upgrade. The core elements of NFT can prove ownership and authenticity, and can be easily transferred between parties. Not only that, the decentralized exchange also provides a complete trading channel and platform for the transfer of NFT tokens. At the same time, liquidity mining also solves the shortcomings of insufficient market liquidity in the NFT field.

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