Refundable NFT Program From Blockchain Gaming Platform
Spielworks, a blockchain gaming firm, has teamed up with the Web3 platform Mycelium Network to establish a programme that allows complete refunds for NFT purchases.
The team said in a message given to Cointelegraph that within the programme, individuals that acquire NFTs known as “reverties” are eligible for a full USD Coin USDC refund. Users can also stake this new series of NFTs in Spielworks’ game Dungeon Master and buy them with USDC via a separate minting system.
Spielworks will use the Mycelium Network to support USDC purchases as part of the agreement. The USDC will be sent to a DeFi lending pool at the Aave protocol as part of the minting transaction.
The company stated that the interest gained from the loan pool will be used to purchase Spielworks’ token in order to assist its community. A percentage of the proceeds will also go to the Wombat Protection Society of Australia.
(With inputs from Shikha Singh)
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