Brewlabs NFT & Revenue Share
Brewlabs NFT - What is it?
In the web3 industry users often find connections to real world comparisons as the pathway to best understand the purpose or utility of new web3 innovations. For the Brewlabs NFT collection we designed it in such a fashion that users can connect with its methodology and use case by simply comparing our NFT collection. When a user obtains a Brewlabs NFT through minting or secondary sale (marketplace), that user then is eligible to benefits, discounts and additional features across the entire Brewlabs ecosystem (not contained to a single Brewlabs product). These "collective benefits" carry forward for the user until the NFT is sold or transferred to a new wallet. Most importantly the Brewlabs NFT signals the first use case for the Brewlabs token, which as a resource is required for the minting and upgrading of the Brewlabs NFT.
In the first season (genesis) 5000 Brewlabs NFT's are available to mint per network, once season one has been fulfilled, we will continue to open seasons accordingly, each season is 5000 NFT's.
The Brewlabs NFT is optional and is not necessary to utilise any of the Brewlabs products, it is only an optional consideration if users wish to mint and hold a Brewlabs NFT to access additional "Collective benefits."
Brewlabs NFT - Okay, how does it work?
Good question! The Brewlabs NFT once held in a user wallet has 5 tiers of rarity. The rarer the NFT the greater the collective benefit package for the user who holds the Brewlabs NFT. Rarity of NFT is determined by a smart contract at the time of user mint. Our categories include:
Common, Uncommon, Rare, Epic, Legendary Brewlabs NFT's.
The higher the rarity the lower the chances to obtain, our mint randomisation is based on Chainlink VRF. Users have a chance based outcome when they mint to determine what rarity Brewlabs NFT is received.
Once a user mints a Brewlabs NFT, it will be sent to the user wallet. When the user connects to any of the Brewlabs dAPPs, the dAPP will check the user wallet for a Brewlabs NFT. If a Brewlabs NFT is found, then the dAPP will apply the appropriate benefits to the user within that particular dAPP. The icon that determines if the dAPP uses the Brewlabs NFT can be found below
Brewlabs NFT - Got it, what are all these "collective benefits?"
With consideration of five tiers of rarity for the Brewlabs NFT, there are five sets of collective benefits. To make it very clear and easy to understand what these benefits are, costs involved, and processes, we have created an information page located here.
Brewlabs NFT - Okay, sounds good, how do I get one?
We have attempted to develop an enjoyable, seamless mint experience for our Brewlabs NFT participants. Users can find the mint page directly here.
Importantly Brewlabs NFT's are minted with a fee in both Brewlabs and stable coin. Users can upgrade common to uncommon Brewlabs NFT's and uncommon to rare Brewlabs NFT's. The fee to upgrade a Brewlabs NFT will be required, fee resources needed are in Brewlabs token, stablecoin and 3 x previous tier NFT.
Once the user has the Brewlabs NFT they can choose to upgrade, hold or stake their Brewlabs NFT (staking available for rare, epic and legendary NFT's only).
Brewlabs NFT & revenue share - Staking.. okay, how do I do that?
On top of the platform benefits across multiple current and future dAPPS, the Brewlabs NFT for holders of rare, epic and legendary are provided access to a Brewlabs NFT staking pool.
This NFT staking pool allows users to earn the native currency on the network they are staking their NFT upon. NFT Staking pools operate within seasons of which 3 months are used to compound the position's of the NFT staking pool, followed by 9 months of reward distribution. Operating a compounding period allows the protocol to build its position yearly to continue to offer a sustainable increase in ROI in perpetuity. Find our more about Brewlabs revenue share here.
Important Brewlabs NFT Links
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