MuskMelon, a utility token developed on Binance Smart Chain and Ethereum, will soon enter the non-fungible token (NFT) and gaming segment. It will have a sale of 10 billion tokens. Of this, 5 billion tokens will be issued initially at a price of $0.05. It will be sold on Bitmart and XT.
The project is connected with an interesting story that tells that MuskMelon has been created by a Billionaire and Influencer. Melon has angered many with his surprising tricks and failed plans. People now want to take revenge on him. However, Melon has made many smaller sized Melons and distributed them in various places. It is now being hunted in these places or in mini games. “The platform allows people to create their own versions of Melon and host them for auction, bidding or sale on the NFT Marketplace,” said Neal Mathews, project advisor at MuskMelon. Melon can be used to buy NFT, in-game items. And also to contribute to the relief fund for Ukraine.”
Binance Gaming NFT has a total of 16 listed projects with a volume of $884 million. The popularity of NFTs has increased in recent months. Sports clubs, automobile companies and pop stars are also getting into this business. Using blockchain technology in NFTs, tokens of unique items are authenticated which are linked to reproducible digital assets. These can include art, music, in-game items, and videos. These can be traded online but cannot be duplicated. With the increase in the business of NFTs, the cases of scams related to them have also increased. In some such cases, NFT buyers have suffered huge losses.
NFT has a resale value. Along with this, their holders often get rewards too. some global companies NFT Entering the segment. Including American Express. It has recently filed seven trademark applications for foraying into the Metaverse and NFT segments.