NFTs as user profiles

When game players lock their tokens and determine their optimal capital allocation they receive an NFT, which functions as a receipt to at any point in the future unlock their locked tokens and build up rewards. It makes sense to use the NFT standard here, because it represents the underlying portfolio track record per game player, which is unique. Apart from that, the NFT standard offers a nice way to incorporate gamification features like cool avatars etc. Unlike most of the NFTs in the market today, these NFTs will actually represent real value because of the tokens and rewards that they can unlock. Game players can rebalance their portfolio as often as they want, but the rewards will only build up during a bi-weekly snapshot. This is also the moment that all of the Derby vaults will rebalance their allocations. With this system of rebalancing in place, the NFTs, which resemble user profiles, can build up a certain track record which acts as a decentralized reputation system.

Last updated