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F3DAO Redefines Decentralized NFT Computing Platform

Currently, NFT is considered beneficial in various blockchain use cases. NFT can be any digital content such as art, fashion, licensing and certification, collectibles, sports, etc. Right now, NFT is most often used for contemporary art auctions, including images, animations and even tweets. Irreplaceable tokens have also found their way into real-life applications beyond digital art and collectibles, such as music clips, videos, games, and even tickets to events such as movies or sporting events.

According to a new Reuters report on NFT, NFT sales will total a record $25 billion in 2021, compared to $94.9 million in 2020. In addition, Reuters says 10 percent of traders account for 85 percent of the market’s sales. Growth in the NFT industry has slowed in the last few months of 2021, but many believe the NFT market will see more opportunities in 2022.

From the perspective of NFT, it has completed breaking the circle in a series of popular events last year and reaped wide attention from the public. In addition, the application scenario has gradually become diversified from monolithic, with the layout of crypto artwork, games, music, sports, NFT tickets and so on. Plus, NFT has a full wealth effect, with the ten million dollar auction price of ball player cards made by NBA Top Shot and so on, or artworks, driving the series of application products crazy, and also helping the development of NFT.

The reason for the explosion of NFT is the redefinition of “ownership”, and the current capture of blockchain value is from transactions, i.e. financial data. filecoin focuses on storage, and should open up a new world beyond financial data. Although it is a long-term process to cultivate awareness of data ownership, data assets and data economy, and to change consumption behavior, it should be the main direction of Filecoin in the future, based on which more ecological applications unique to IPFS can be born.

NFT can provide another solution for Filecoin’s arithmetic, becoming one of the arithmetic carriers of the economic system, Filecoin will also promote the continued popularity of NFT. the characteristics of NFT make it gradually become a widely circulated commodity and payment method in the fields of arithmetic and mining, with the properties of collection, value preservation, circulation, etc., powerfully become the arithmetic economic system support, driving the further explosion of NFT.

F3DAO has realized the NFT of arithmetic power to realize the right of arithmetic power and transferable, users holding NFT can be understood as holding a “mining machine” asset credentials. Different NFTs represent different sizes of mining machine “arithmetic power”, for example, F3DAO covers more than 10 kinds of Fil arithmetic power equity NFT cards. The arithmetic equity is the significant difference between F3 NFT and other digital collection NFT cards.

In terms of design ideas, similar to famous NFT digital collection cards such as CryptoPunks and Bored Ape Yacht, F3DAO’s computing power NFT is also an NFT series based on its own IP image. , non-deformation, provable scarcity and other characteristics to ensure the intrinsic value of NFT itself, F3 NFT also has collectible value. F3 NFT is dynamically expanding, and as the ecosystem develops, new types of NFTs will continue to join the F3DAO Family NFT series.

F3DAO realizes a market with fast transfer of computing power through NFT transactions, thus solving the difficult problem of traditional cloud computing power market transfer. An efficient NFT trading market not only improves the liquidity of NFT itself, but also facilitates the value discovery of NFT. Just as users can trade in other third-party NFT markets such as Opensea, users’ computing power NFT can be traded on the F3DAO platform.

NFT staking mining is a very innovative and down-to-earth way of benefiting F3. Holding F3 NFTs enjoys computing power rights, and obtains income through mining through the staking function provided by the platform. Taking FILECOIN as an example, the FILECOIN NFT mining pool is a way for users to pledge The main place for NFT to obtain income, and its income is based on the actual node mining of FILECOIN. With the continuous increase of users participating in the pledge of NFT, the scale of the node’s computing power will also increase, and the corresponding mining pool output income will also increase.

Through the four steps of “connection”, “staking”, “authorization” and “redemption”, users can easily complete NFT mining on the F3DAO platform. First of all, like the NFT minting and trading functions, users need to connect their own secure wallets such as MetaMask for identity verification when mining on the F3DAO platform, and then enter the “NFT mining” interface to pledge. Before completing the pledge, the user needs to authorize the wallet, and the authorization operation is completed. After the user holds NFT, they can participate in mining to obtain income. If the user wants to stop mining, he can cancel the pledge and click the redemption operation after waiting for a certain period of time, and the NFT will return to the user’s wallet.

F3DAO is leading the revolution of computing power economy with an open, free and equal mentality. It is the world’s first decentralized computing power trading platform based on “NFT+DeFi+DAO”, creating a new business model of decentralized computing power finance. F3DAO’s goal is to Create an efficient computing power factor trading market and contribute to the development of the global digital economy.

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