Saying that crypto tokens and NFTs are the new investment options that can bring in profit is not exaggerating. Staking is a great way to make money with cryptocurrency. NFT creators are incorporating utility values into their NFTs, which can be redeemed in the real world as the adoption of NFTs increases. You will learn about a new type of NFT – Sleep-to-Earn – in this post. If you enjoy this post on sleep-to-earn NFTs, please share it with your friends.
What Are Sleep-To-Earn NFTs?
As an NFT enthusiast, you should be aware of the various NFTs, including Play-To-Earn, Learn-To-Earn, and even Sleep-To-Earn. All of these NFTs perform as advertised. It is possible to earn NFTs while playing on a blockchain gaming platform. P2E is a type of gaming ecosystem that is used in this instance.
Sleep-to-Earn is another example of this trend, in which people can earn $SLEEP tokens simply by sleeping for the amount of time specified in the sleep tracker application. This is just a brief introduction to the Sleep-To-Earn tokens. In the following sections, we’ll go into greater detail about this hypothesis.
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What Is A Sleep Ecosystem?
Users of a sleep ecosystem will be compensated in crypto tokens for the time spent in bed. People with insomnia are the first to benefit from this idea, as getting a good night’s sleep is challenging. In exchange for the number of hours a user spends sleeping, a blockchain-based sleep tracker will pay them in crypto tokens. This type of NFT can be integrated into blockchain gaming platforms or NFT marketplaces for a complete gaming environment.
How Does A Market That Pays You To Sleep Work?
As with any NFT marketplace or crypto exchange, users must first register, which includes integrating their crypto wallets.
Second, registered users can access the platform and select the type of mattress based on their sleeping schedule. There will be various beds, each indicating a different number of hours of sleep. In addition, each bed will have a list of properties such as efficiency, luck rate, durability, and so on.
In the third step, users can use the platform’s native tokens to purchase the bed of their choice. It is important to note that the native tokens are available on the platform, and users can choose how many tokens they want and pay for them.
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Tokens earned by users can be used in the platform’s gameplay. This is the final step in the process.
According to what you’ve read, tokens can be purchased and rented out to other users. If a user decides to rent out some of their tokens, the owner will retain a portion of the token while the borrower and commissioner will receive the remainder. Most of all, the ability to select and mint new beds makes platforms appealing to users like this. Customers might be able to open a lucky draw box and receive bonus tokens.
Is There Any Other Important Development In The NFT Industry?
Blockchain gaming platforms are already using Play-To-Earn NFTs, which are already in existence. Sleep-To-Earn NFTs have also recently begun to appear. Additionally, NFTs for the ticketing industry, Soulbound NFTs, Music NFTs, and others have become popular recently.
Ticketing NFTs
In the early days of Non-Fungible Tokens (NFTs), we didn’t know that anything from a piece of art to physical assets could be minted into NFTs. Organizers of community gatherings or concerts can take advantage of this NFT ticketing concept by selling participants digital tickets converted to NFTs. By doing so, event organizers can prevent ticket scalpers from getting away with it. To make things even simpler, all ticket information will be automatically stored on blockchain-distributed ledgers.
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NFTs in music
Artists and composers can list and sell their music NFTs on specialized NFT marketplaces. Music NFTs are traded similarly to other NFTs, with the tokens being sold at a fixed price or through a bidding process. We have white-label solutions for the music NFT marketplace that are open to customization.
NFTs with Soulbound Powers
Soulbound tokens are an intriguing NFT subcategory. These non-fungible tokens were created to represent the uniqueness of a particular person. Soulbound tokens cannot be exchanged because each individual’s self-identification information is unique.
Conclusion
Our blockchain developers and analysts keep up to date with the most recent developments in the blockchain and NFT markets. If you’re interested in starting a blockchain or NFT-based business, our analysts can offer advice and assistance in setting up the necessary infrastructure. Keep an eye on this space for updates on Web3.
