Asset-Backed NFTs

Asset-Backed NFTs Will Free Us All in DeFi

If Financial Engineers and Cryptocurrency Developers had a love child, they’d call it “Decentralized Finance.” Today that love-child (fondly called “DeFi”) has over $50 billion total locked-in value and is creating millions and millions more in value for those who operate in this sector of crypto.

The version of DeFi we see today is a result of accelerated technology evolutions, punctuated from time to time with amazingly intuitive adoption-focused revolutions. The entirety of this work has been done in the service of creating solid, workable, decentralized financial use cases.

BEES.Social is excited to announce another adoption-focused innovation to DeFi. This innovation should help projects, capital providers, and a brand-new class of DeFi consumers enjoys the impact of staking and yielding. This innovation is an implementation of Non-Fungible Tokens (“NFT”s).

In undertaking its research, the BEES.Social community understood that projects that set up liquidity pools and liquidity pool capital providers needed a way to make the long-term staking of capital appealing.

In deploying this concept with BEES.Social, projects can grow their liquidity while capital providers can move their capital around the DeFi landscape, virtually unencumbered…