A close eye on NFTs crypto rewarding and dNFT

NFts crypto blockchain rewarding and dNFTs

Table of Contents

Read Time: 3 minutes

For the purpose of rewarding users, NFTs crypto is preferable for its use cases and benefits but there exist dNFTs that come with other benefits, which may attract you, which you can check by yourself by reading this full article.

Concept of Farming and rewarding

In recent times in the blockchain world, various projects are seen to have used the concept of farming. What is farming? 

The concept of receiving rewards at some time after the investment of money and time. For example, if we buy and place the seed, after some time, it gives us fruit or vegetables. The exact same concept can be realized on the blockchain. 

Various platforms are coming up with the benefits of staking rewards in exchange for liquidity. Platforms like Uniswap. Farming of $UNI tokens has become so common for people using Uniswap. 

NFTs crypto and rewarding

The term farming however can be more relevant for items that are unique from each other in their characteristics. Although farming on fungible tokens also makes sense in some platforms where liquidity is required, farming to gain Non Fungible tokens is more relatable for games. Consider the example of you are farming some sort of hybrid fruit, using various fungible tokens for the supply. After the given farming rate, the non-fungible token can be minted. MEME platform made a pretty good market, all starting as a joke and amazed everyone. The reader can learn about MEME in this link about how they used yield farming to mint NFTs. Starting from “Don’t buy MEME” to reaching about $2000 token price was the meme! Users are able to mint their favorite NFTs and sell them too.

Image of cryptocurrency rewarding

On Ethereum chains, OpenSea and Synthetix smart contracts fork are being used commonly to have this minting of NFTs.

What dNFT has to offer

Let us now discuss what dNFT brings to the table. First of all, dNFT is currently on EOSIO chains and not on ETH chains. EOSIO chains are faster with no concept of gas fees but the concept of DPOS (Delegated Proof of Stake). Also, the EOSIO chain smart contracts can be upgraded easily as and when required, hence any possibility of bugs in smart contracts can be averted. It’s a swiss knife though, so the platforms you use should always be trustworthy.

We have noticed till now that in current systems, we either have to wait for full time to allow minting of NFT, dNFT at the same will allow you to be partial owners of different NFTs in the same given time frame. It will therefore increase the overall speed of the game.  Different people can even consecutively farm the same Non-Fungible Token increasing the speed of farming and bringing in the competitive environment. 

Also, dNFT will hence allow you to have flexibility when you want to farm and lock your tokens. One can unlock the tokens anytime one wants.

“The dNFT vision is to bring in collaborators of collectibles with more farming options in your limited supply”

Let’s wrap up the dNFT protocol for you

  • More Farming options to users
  • Increased speed of farming
  • More collaborators of NFTs
  • More valuation of NFTs in general
  • Deployed on EOSIO chain
  • No gas fees required to be paid by users 

If you are interested in any such Defi project, feel free to contact us. To gain more insights on what dNFT is, follow this link

Follow dNFT here:
LinkedIn | Twitter


Related Articles

View All

Leave a Comment

Your email address will not be published. Required fields are marked *


Due to the fact that Web3 technology is still in its infancy, new types of attacks are possible. Some attacks, like ice phishing, are specific to Web3, while others resemble credential phishing attacks.




The $BEVO NFT Art Token (BEVO) on BSC was exploited, resulting in a $45,000 loss.

The root cause of the exploit is that BEVO is a deflationary token. By invoking function deliver(), the value _rTotal will decrease.

QuillAudits 🤝 Gamestarter

@Gamestarter is a complete Web3 ecosystem including an IDO launchpad, game development studio, accelerator, incubator, and soon NFT marketplace, gaming guild and metaverse.

QuillAudits extends its partnership with Gamestarter.


Thoreum Finance on the BNB chain was exploited on January 18, 2023. The exploit resulted in the protocol losing approximately 2261 BNB (~$680K).

✔ Check out our latest article to learn more about how it happens.👇


#web3 #Security #Audit


phyProxy on BSC was attacked, resulting in a loss of 1.2K BUSD.

The root cause is a forced investment due to the delegate calls unverified input in the public delegateCallSwap function.

Load More

Amidst FTX Saga, Hacker Swept More Than $25 Million in 2nd week of November

The contract reinvested (the earn function was not called) before the user pledged (depositAll function) without settling the reward, which means that when the user pledged, the contract did not settle the previous reward and instead conducted a new investment.

Become a Quiffiliate!
Join our mission to safeguard web3

Sounds Interesting, Right? All you have to do is:


Refer QuillAudits to Web3 projects for audits.


Earn rewards as we conclude the audits.


Thereby help us Secure web3 ecosystem.

Total Rewards Shared Out: $190K+