Decentralized Crypto Exchange WOOFi Uses Gaming Style NFTs to Boost DeFi
So-called “Boosters” enhance the yield from WOO tokens, which are staked to earn a share of the DEX’s fees.
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Jul 9, 2024 at 11:00 a.m. UTC
Jul 9, 2024
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.