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Avalanche, the team behind the open-source proof of stake blockchain network Avalanche, has announced the launching of a one-of-kind multi-million non-fungible token incentive program on its native network. The Avalanche team has partnered with Hyperspace NFT market platform to launch the incentive program.
Avalanche Launches A Multi-Million NFT Incentive Program
In an October 17 blog post, Avalanche confirmed launching an ambitious multi-million $AVAX NFT incentive program in partnership with Hyperspace. The NFT incentive program has already received a warm reception, seeing more than 15,000 user sign-ups in its first week.
NFT SZN is in full swing on Avalanche!
In collaboration with @Hyperspaceavax, Avalanche is launching an ambitious multi-million $AVAX NFT incentive program.
🔍 NFT SZN Incentives
Hyperspace recently announced its innovative Rewards Program, which has already seen 15k+ user… pic.twitter.com/C6XY8vBzBN
— Avalanche 🔺 (@avax) October 17, 2023
Launched earlier in September, Hyperspace is a multi-chain NFT marketplace, launchpad, and developer platform dedicated to driving the mass adoption of digital assets. Backed by notable investors like Dragonfly, Pantera, and Coinbase Venture Capital, Hyperspace provides an intuitive, lightning-fast user experience for NFT traders and collectors and a broader platform to empower creators.
On the other hand, Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to launch robust, custom blockchain solutions easily.
AVAX NFT Incentive Program Overview
Under the new integration, the Avalanche and Hyperspace team anticipates launching a non-fungible token NFT Incentive program that allows users to earn Hyperspace Points and redeem them later for Avalanche’s native token, $AVAX.
Hyperspace rewards come with a key distinguishing feature, including an accelerated pace of incentive distribution to ensure that users are promptly recognized for their participation. The program is ready for users to join, gain points via signing up, refer new users, and participate in initial trading activity.
In the meantime, non-fungible token hosted on the Avalanche network appears to be reacting slightly to the recent bullish news on the Avalanche ecosystem. In the past 24 hours, Avalanche-based NFTs have recorded a trading sales volume of $22,491. During this period, Avalanche-based NFTs have spiked 146% in sales.
Source: CryptoSlam.io, Avalanche NFT Trading Activity
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