Dear Creators,
Thank you for being part of the great journey with ArtZero so far. We have been working hard on building the NFT Marketplace and the development is almost ready. While our smart contracts are being reviewed by Ink! Experts, we are trying to find the way to enhance our NFT ecosystem. And we are glad to announce the beta version of Ink Whale at https://inkwhale.net
Ink Whale lets stakers earn fixed interest and other rewards for locking up your tokens or NFTs. In this article, we will guide you how you can add utilities to your NFT Collections through NFT staking and farming.
Unlike traditional yield farming, where you need to deposit tokens into a liquidity pool to get token rewards, NFT farming uses NFTs instead. The main goal of NFT farming is to create liquidity and utility for NFTs.
There are 4 main steps you need to do to create an NFT Yield Farm for your collection.
Step 1: Make sure you have created your NFT Collection in our Marketplace at https://artzero.io
Step 2: Visit https://inkwhale.net/#/token-creator and create your own PSP22 (ERC20) tokens for your project. If you don’t want to have your own tokens, we already pre-created 3 tokens for you to test: WAL (Ink Whale Token), wBTC (Wrapped BTC Token) and wETH (Wrapped ETH Token). You can go to Faucet page to get these tokens, the faucet mints 1000 tokens each time and there is no limit. WAL tokens are used as transaction fee so make sure you mint some of it as well.
Step 3: Visit https://inkwhale.net/#/nft-pool-creator and create your own NFT yield farming pool. Please note that: after the farm is created, you need to add the reward tokens to the reward pool to pay for stakers.
Step 4: Ask NFT Owners to stake and see the rewards in https://inkwhale.net/#/farm-list
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