[PRESS RELEASE – Bucharest, Romania, 3rd January 2022]
A Message on Twitter by CEO and Founder of DeFi Yield Protocol, Mihai Nicusor Busica revealed his purchase of an NFT from the Bored Ape Yacht Club collection on January 3. 000.
Its announcement comes two weeks before the launch of the protocol’s NFT collection, the Cats and Watches Society collection. The event that will take place on January 17 will also lead to the launch of its V2 marketplace.
According to Mihai, his first purchase from the BAYC collection is his way of showing his support for NFTs. In addition, he considers that this is the best time to join the BAYC movement, before the launch of the DYP NFT collection.
So far, the BAYC collection has made a name for itself in the market, containing some of the most coveted pieces in the space. According to a Dune Analytics report, the collection has grossed more than $ 500 million since it began sales.
The collection contains 10,000 NFT Bored Ape, some of which sell for over 700 ETH. Mr. Mihai is now one of the many who have invested in BAYC, considering such figures as Snoop Dogg, Eminem, Jimmy Fallon, Post Malone, Steve Aoki and more.
The Cats and Watches Society collection
The Cat and Watch Society collection is an original idea of the DYP protocol, leveraging the support of the Binance Smart Chain, the Avalanche network and the Ethereum blockchain. The collection, also dubbed PAW, will feature 10,000 cats with 182 traits that anyone interested can choose from, including clothes, colors, watches, to name a few.
To avoid bias in the sale, the protocol will ensure that each PAW NFT sells for the same price; that is, $ 250 for each cat, while eliminating price points to avoid price differences.
Owning a chat gives you exclusive access to member-only benefits, including market access and a company account. However, you must have a Metamask wallet account for the process to be completed.
Additionally, chat owners will receive rewards of 20% ((10% typing fee and 10% selling fee) of all sales made each week.
DYP could be the next big thing in NFTs
DYP and his team are taking advantage of the greener pastures that the NFT Marketplace offers to crypto enthusiasts. If the approach of its founder may seem like a rash decision, it shows his confidence in the sector.
Additionally, the creation of the Cats and Watches Society collection may open more doors to protocol as a viable investment opportunity. As it stands, it has managed to take root in the DeFi industry, providing lucrative farm yield opportunities while protecting its investors from market manipulation.
The collection wants to talk about novelty through its NFTs while offering watchmaking enthusiasts the opportunity to make the most of the trendy elements present. Still, there is more to come, which means greater potential for the PAW collection.
Soon, the cryptoverse should expect more, including a PAW metaverse, a Play-to-Earn opportunity for holders, PAW staking options, a free watch strike, and more. These steps combined with its market will make DYP a crucial part of the current and future NFT market.
The DeFi Yield Protocol (DYP) is a unique platform that offers solutions for yield farming, staking, NFTs and allows users to take advantage of DYP’s advanced trading tools. DYP made history in the DeFi space by becoming the first and only protocol to reward Ethereum users. The protocol uses an anti-manipulation feature that aims to limit the market impact on converting user rewards to ETH and other native platform tokens.
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