Stephen Tse, the Founder and CEO of Harmony, shared, “Animoca Brands is an industry leader in branded assets on blockchain. Yat Siu, the chairman and co-founder of Animoca Brands, commented: “It is a privilege to collaborate with a company of deep vision and potential like Harmony and with a renowned brand like Beast Quest as we continue to innovate novel and different use-cases for NFTs.”
The goal is to use new incentives to combine the worlds of gaming, collecting, and staking for a win-win-win outcome on all sides. On the other hand, current Harmony stakers will be drawn to start collecting as a way to boost their staking returns.īeast Quest Ultimate Heroes game will gain new users, Harmony will enable a seamless NFT experience and Animoca Brands will gain new delegators. This simultaneously gamifies collecting and staking, with the hope of converting collectors into stakers and stakers into collectors.īy adding a staking incentive to the collecting process, collectors will be drawn to learn about staking and stake tokens to claim their reward. The NFTs are both collectibles as well as a bearer asset potentially entitling the holder to a special additional staking reward. In this sale, collectors that complete a set of Beast Quest NFTs are eligible to claim a reward by delegating ONE token to Animoca Brands’ Harmony validator. We believe that the experimentation at the intersection of NFTs, gaming and DeFi is just starting and we’re excited to give it a try with this limited edition chest sale. MEME created the concept of yield farming for NFTs, Aavegotchi created a gamified layer on top of Aave’s underlying lending protocol, and Rarible has added a governance token to incentivize and decentralize their growing NFT marketplace. Of particular interest are a new batch of experimental projects that combine aspects of DeFi and NFTs together to create entirely new forms of incentives, communities and user experiences.