An Overview of CUDOS Markets: The World’s first NFT Marketplace for Hashrate Collectibles
CUDOS Markets is an NFT marketplace brought to you by Cudo, the team behind the sustainable and carbon neutral, Cudos blockchain and Cudo Compute, the world’s first scalable democratised cloud platform for web3 and web2. With a team that has a wealth of experience in blockchain, distributed marketplaces and sustainable mining, CUDOS Markets is bringing utility to the world of digital collectibles and onboarding the next generation of sustainable BTC miners to the Cudos blockchain via hashrate collectibles.
As a first-of-its-kind sustainable NFT marketplace, CUDOS Markets brings collectors, NFT buyers , BTC miners, gamers and mining farms together on one frictionless platform. CUDOS Markets connects you to clean powered mining farms, bringing sustainable hashrate to your wallet, enabling you to earn, play and mine Bitcoin, effortlessly.
CUDOS Markets has been built on the Cudos sustainable blockchain, which aims to tackle the energy and waste problems associated with traditional blockchain technologies, by creating a more efficient and environmentally friendly infrastructure. It achieves this by utilising a unique computational offloading system that allows for a significant reduction in energy consumption and carbon emissions.
CUDOS Markets provides a unique avenue towards financial freedom. No expensive hardware purchases, no major learning curve, no pollution, and no saturated marketplace to navigate. The DeFi NFT marketplace offers immediate rewards by selling/renting hashrate, and allows miners and buyers to earn whilst the Bitcoin price is stagnant.
As well as facilitating the viewing, buying, and trading of hashrate collections, the CUDOS Markets marketplace also opens up exciting, new avenues for gaming and competition. By allowing users to battle each other for one another’s hashrate, CUDOS Markets offers a unique and rewarding gaming experience. There will be a plethora of games announced in the near future, with users retaining voting power as an NFT or CUDOS token holder which will determine the next game to be built. This integration of gaming into the world of cryptocurrency mining offers endless potential for players to hone their skills and strategy, creating an engaging and thrilling experience unlike any other.
How this works
Clean energy Bitcoin mining companies can launch their NFT collections — providing the holder of any given NFT purchased through CUDOS Markets with earnings via the NFT, and the BTC mining companies with the up front liquidity for their hashrate.
Hardware is managed by providers in the marketplace, you get a login to your own hashrate to provide all the information you need with absolutely no technical knowledge needed to start buying and selling NFTs that represent hashrate. The hardware is managed by providers in the marketplace, so all you need to do is create an account and you’ll have access to all the information you need to make informed decisions. Buy your hashrate collectible and you’re well on your way.
The beauty of CUDOS Markets is that it allows you to buy and sell your hashrate collectibles whenever you want. This means you’re not left holding on to obsolete hardware that is no longer profitable. Instead, you can sell your collectible on the open marketplace and earn regular payments from the pool directly to your chosen wallet.
Each seller’s collection also displays the maintenance costs, so you can see exactly what you’re getting into. And if you’re looking for a little more gamified interaction, there’s a roadmap of games and compelling user challenges being developed that will give you the chance to win a percentage of hashrate from other players.
New BTC mining farms will have to pass a strict due diligence process before they are able to list their collection on the CUDOS Markets marketplace. This process covers finances, the physical environment, energy sources, and team involvement. Whilst CUDOS Markets' due diligence process is designed to minimise risk. Buyers are advised to do their own research, with each mining farm page on the marketplace clearly showing the name and details of the mining farm.
CUDOS Markets' first NFT collection
The first NFT collection to drop on CUDOS Markets is Blockmole. By acquiring a Blockmole NFT, users will have access to their own hashrate from Blockmole’s Bitcoin mining activities and also gain access to their gaming platform where members can battle against each other for hashrate every week. The first NFT collection will drop in Q2 2023.
CUDOS Markets taps into shifting demands for sustainable mining practices, by supporting BTC miners that are already embracing clean energy, Proof-of-Work (PoW) mining techniques with a new revenue opportunity that accelerates the adoption of renewable technology. The ability to tokenise infrastructure and hashrate is a game-changer for the NFT market. It will allow for sustainable development of the industry, whilst also providing miners, collectors, NFT fans, and gamers unique and new earning opportunities.
As the demand for more accessible, sustainable, and rewarding NFTs grows, marketplaces will need to provide more value for users. In an ever-evolving space, CUDOS Markets is committed to bringing more value to the Cudos ecosystem and to those who build within it.
Follow CUDOS Markets on Twitter to be the first to view our upcoming hashrate collections, challenges and for the chance to win NFT’s.
