Tuesday, October 4, 2022
HomeDeFiAsgard develops a DAO to unite metaverse, decentralised finance (DeFi), and NFTs

Asgard develops a DAO to unite metaverse, decentralised finance (DeFi), and NFTs

Asgard, a decentralised currency reserve system, has formed a decentralised autonomous organisation with the goal of bringing the metaverse, decentralised finance (DeFi), and non-fungible tokens (NFTs) under one roof (DAO).

Asgard is a Binance smart chain-based decentralised reserve currency protocol. Speaking of the launch, “It is an irrefutable reality that the metaverse will lead the next wave of crypto and DeFi acceptance in the world since gamification features and play to earn concepts are prospering in the blockchain industry,” stated Kiran Dommeti, CEO and founder. Asgard Dao will be the first metaverse solution to include all functions that will aid us in seizing the metaverse’s fast expanding space.”

According to the Asgard-specific platform, the metaverse, which is based on Norse mythology, brings the old figures to life. Users on the platform will be asked to suggest which character should be added next, as well as a plot based on Nordic mythology.

Every user whose proposal is approved, as well as every creative whose designs are approved, will receive a special prize in the game in the form of a loot box containing exclusive goods. As a symbol of appreciation for their contribution to the ecosystem, voters will get loot boxes on a regular basis.

 

Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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