What Is Moonie NFT (MNY)?

Moonie NFT is an exciting play-to-earn NFTs and decentralized finance (Defi) platform where all NFTs are usable in some form or the other. The platform introduces a new way of yield generation using NFT based gamified standards. Moreover, As per its whitepaper, Moonie NFT aims to enhance the users' DeFi experience by offering unique ways to earn with NFTs and allows them to earn even more when the users' take part in farming on the platform. Yield farming is a mechanism of staking or locking up digital assets to earn interest in exchange for them.

Users can compete with others while playing to get on top of the leaderboards1. There are mainly three modules for users to participate in:

• Price Races – Users can buy a ticket using a Moonie and get a chance to ride their favorite rockets in the Price Races to earn prizes. Moonies are pixel art avatar NFTs and the inhabitants of the meta-universe.

• Research Lab – A user needs to deposit their NFTs to become eligible to win prizes. The prizes in the Research Lab are made up of interest earned on deposits. A user can anytime remove their deposits. If a user wins Normie, they can burn it in the Research Lab to help the platform develop further. The native tokens can also be staked here, letting users earn interest compounded on the pooled funds.

• Arcade Games – Users can play games using their moonies by joining Arcade Games. There are opportunities to earn more for users. Users can earn higher rewards by leveling up their moonies.

MNY is the native governance token of the platform. The token is an ERC20 token and is a gateway for the users to access the platform's main features. And, MNY can be used for in-game investments, in-app purchases, yield farming, entering a Research Lab, and using governance rights.

History Of Moonie NFT (MNY)

Michal Szachno and Lukasz Kowalski are the founders of Moonie NFT. Additionally, both of the founders are successful entrepreneurs.