$COIN.n $SMURF announced today they have staked their CryptoPunk #5067 using the NFTX platform (current annualized yield for depositing a CryptoPunk into an NFTX vault is over 17%)
Using the NFTX platform opens up a new stream of rev. for $COIN , which as mentioned by their CEO in an interview (linked below) is key during times when the crypto market dips.
In the interview the CEO also discusses the upcoming Metaverse Fashion Week which $COIN is hosting via their property in Decentraland’s fashion district. He mentions that
- $COIN will be compensated by Decentraland
- Will have the rights to any adv. Revenue
- + because they own so much surrounding land they are organizing pop-ups with smaller firms
$COIN got some support today, IMO we should be seeing some more once fashion week starts.
https://www.youtube.com/watch?v=lfgejA14kYU