August 11, 2022

The NFT house was pink sizzling, however not with out some critics rightly suggesting many entrants have been placing forth unimaginative copycat tasks and promoting static jpegs missing in a use case with solely “hope” of making collectability.

Recognizing “hope shouldn’t be a method,” Yokozuna Finance has rapidly gone from being the brand new child on the dohyō to a number one DeFi NFT platform within the GameFi house.

With the gaming market already a multi-billion greenback business and anticipated to develop exponentially within the coming decade, it’s no shock that practical NFTs are lastly making their manner into the house and are right here to remain.

In the present day, with the introduction of its’ NFT public sale market at app.yokozuna.fi, Yokozuna Funds’ progressive Play-to-Earn NFT mannequin has taken one other step in affording members the chance to make use of “Purposeful NFTs” to monetize their gameplay.

The challenge is loosely based mostly on skilled and beginner Sumo with aspirations to teach and entertain customers via a enjoyable and distinctive gamified DeFi expertise.

Customers is not going to solely earn rewards for staking NFTs however govern the DAO. The group hopes proposals to fund Sumo initiatives in actual life can assist increase consciousness for the game globally.

For these new to the challenge, it’s nonetheless early, as till now, customers may solely earn the challenge’s native token, $ZUNA, which has a complete provide of 100 million.

The group has cleverly designed sustainable deflationary tokenomics in that 20% of the remaining provide is yearly or about 42,000 ZUNA per day with roughly 27 million in circulation, that are simply tracked with the ZUNA value, burned, and emitted, amongst different metrics that are available on the D’App dashboard.

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In the present day’s announcement indicators the subsequent chapter for the event of ZUNA, the place “use case” and “consumption” will likely be launched into the challenge.

The group is thrilled Yokozuna Finance NFTs have extra performance than collectability. IOST’s ultra-fast and extremely scalable blockchain is ideal for gaming tasks looking for to develop into leaders in practical NFTs and the gamification of Finance.

Yokozuna Finance NFT Market will award Sumo NFTs to the best bidders utilizing the ZUNA token on the app.yokozuna.fi.

To study extra about the way it works, learn right here.

What’s subsequent?

IOST’s latest announcement and introduction of its new cross-chain functionality open the chance for Yokozuna Finance to convey well-liked community tokens into the IOST ecosystem and the challenge.

The group has spoken with a number of tasks which have expressed curiosity after studying of IOST’s potential to bridge belongings from IOST to the ETH community and vice-versa. Judging by the group’s promotional video, BTC, DOGE and others may be within the challenge’s future.

The Yokozuna Finance growth group had set its sights on the metaverse from the start, with a lot of the event designed for ease of future integration. Earlier than then, the event groups proceed engaged on a secondary market, recreation growth, and PvP and PvC match ideas.

About Yokozuna Finance

Yokozuna Finance is the main decentralized finance protocol based mostly on the IOST blockchain. It introduces a brand new design idea of NFT-based DAO possession, each managing and finally proudly owning the DAO fund. Based mostly on sumo custom, customers progress via divisions to achieve the best league rating within the Makuuchi, finally aspiring to develop into a yokozuna.

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About IOST

Backed by main monetary and VC corporations resembling Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered good contract platform constructed to sort out the scalability trilemma as soon as and for all.

The concluding rating from China’s CCID ranked IOST as the very best blockchain platform beneath Primary Know-how, higher than each different smart-contracting platform evaluated by the company.

It is a testomony to the standard and skill of the IOST group to roll out a greater, progressive product and reflective of their true want to be the very best within the sphere.

IOST presently has the ever-expanding 620,000 IOST holders in over 20 nations, over 400 nodes, a high staking financial system, and symbiotic relationships with companies dotted worldwide.

IOST has lately introduced its plan to develop into EVM-compatible in 2022, opening a brand new period with extra dapps, customers, customers, and prospects for all. 

If you want to hang around with the IOST group on chat, social media, or talk about product growth, we’ve got one thing for everybody.

Comply with them on social media:

Yokozuna Finance: Web site | DApp | Telegram | Twitter

IOST: Telegram | Announcement | Twitter | Fb | LinkedIn | Medium | Discord

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