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Home Crypto News Market Other Than Staking, Lending And Borrowing Features, Floki Inu Is Launching Its...

Other Than Staking, Lending And Borrowing Features, Floki Inu Is Launching Its Own Metaverse

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Floki Inu development team said Floki plans to launch its own metaverse in February next year as the project moves forward with an international marketing campaign.



Floki spokesperson told Business Insider:

“Several of our utility products will launch this month, with the first version of our flagship gaming metaverse, PlayToEarn NFT, due out in February 2022,”

 

Some other serious utilities coming for the Floki token are:

  • Floki’s team announced some of the utilities that will be happening soon due to Chainlink integration include Staking, Lending, and Borrowing. This integration will also play a key role in helping FLOKI‘s P2E NFT game function efficiently.
  • Chainlink integration will facilitate Floki users to utilize FLOKI tokens as collateral and borrow loans. Instead of selling FLOKI tokens, users will be able to use them as collateral in a DeFi protocol which the Floki team will integrate with and take a loan in USDT, ETH, BTC, or some other cryptocurrency.
  • Users will also be able to stake FLOKI tokens or lend them out and earn interest on it depending on the individual arrangement of the DeFi protocol the team will integrate with or the provisions of the protocol the Floki team builds themselves.

The Floki Inu project aims to reach a wide audience through its ongoing marketing campaign. It has already reached 15 countries such as the UK, Dubai, and India through displays at airports and on public transport.

Floki spokesperson further said:

“The marketing we do positions these utility products to be massively used and adopted when they launch … due to the brand awareness we’re creating for floki right now.” 

Metaverse is becoming a hot deal, Crypto giant Grayscale believes the metaverse could be a trillion-dollar opportunity. Facebook has also changed its name to ‘Meta’ which shows what the future holds for the metaverse.

Five coins associated with Metaverse are up a staggering 37,000% this year, Axie Infinity, Decentraland, The Sandbox, Enjin Coin and GALA according to Coinmarketcap.

Read: Top 15 Metaverse Tokens To Have On Your Watchlist

The end of November was marked by three major land sales in the metaverse. The first was sold for 618,000 MANA, equivalent to $2.7 million. The second took place at Axie Infinity for 550 ETH worth $2.5 million. The third land in Metaverse was sold for $4.2M, breaking all previous records.

 

 

 

 

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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