Non-Fungible tokens (NFT) are among the most popular cryptocurrencies of recent times. It is a project that takes advantage of this popularity and the cryptocurrency is dazzling with its growth, so to speak.
Non-Fungible Yearn
Non-Fungible Yearn (NFY) is a new crypto asset that takes advantage of the important features of NFTs and decentralized finance (DeFi). NFY Finance aims to set itself apart from traditional DeFi staking platforms while allowing users to share their crypto assets across various repositories to earn NFY.
On the other hand, the NFY platform creates an ecosystem in which an NFT represents the rights of a stake, rather than an account being tied to a specific stake. The process works the same as any other staking platform. The main difference is that when a user deposits a cryptocurrency, an NFT is printed and the details of the stake are stored within that NFT.
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10.000% Increase in 1 Week
While the project was traded for around $ 31, it caught the attention of popular analyst Tyler Swope and Swope mentioned NFY in a video. According to Swope's statements, in the project, tokens staked through an NFT and future returns can be exchanged.
The NFY was trading at $ 5.95 on February 27, and rose to $ 604 on March 5, 2021, according to CoinGecko data. It should be underlined that the crypto currency, which has achieved a magnificent increase in a very short time, has experienced an increase of 10,000 percent in approximately 1 week.