Whitepapers
NFTY Token
NFTY Token
NFTY
NFTY Token Whitepaper
Published1/19/2023
Last UpdatedJanuary 2023
Page22
Verified
The NFTY Protocol creates a reputation layer for NFT auctions by employing gamified staking and "farming" activities to crowdsource reputation data. NFTY is the utility token behind this protocol. . When staked, it is used to:Increase a staker’s social rank, unlocking access to exclusive events and NFT auctionsEndorse/advocate for NFT auctions to increase their visibility and likely sales priceIncrease the total NFTY supply through staking rewards

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