The world will remember the last two years with a lot of negativity, given that this is the time when COVID-19 emerged, and the world entered a very uneasy phase in terms of politics and international relations. However, on the plus side, tech development has never progressed faster. Financial technology, including cryptocurrency and blockchain, has progressed a lot, developing new trends and products, and uniting the world with decentralization, while in the centralized sector, things appear to be extremely tense.
Starting in 2020, right after COVID-19 pandemic went global, we saw the DeFisector blow up. In 2021, the NFT sector emerged, taking over and blowing up alongside crypto prices. In late 2021, the metaverse took the spotlight, leading to things like blockchain gaming and the development of digital worlds of all kinds, shapes, and sizes.
These trends did not replace each other, but instead, they are all growing and developing alongside one another — especially DeFi and NFTs. Not only that, but they also learned to coexist together within the same projects. Take SuperFarm (SUPER) as an example, as this is a project that combines the two trends and their capabilities, building an NFT and DeFi infrastructure that would be easy to use and bring additional utilities to both.
How Does SuperFarm (SUPER) Work?
SuperFarm is a cross-chain DeFi protocol that aims to make it simple and accessible to launch new NFTs without the need to know how to code. More than that, it is building in the place where DeFi and NFT collide, allowing both to prosper by combining their capabilities into a single project.
SuperFarm is also a comprehensive marketplace that lets you buy, sell, and create NFTs, and it uses a utility token called SUPER, which is used for things like governance, paying for fees, staking, NFT drops, and other similar uses.
What Problems Does SuperFarm (SUPER) Solve?
SuperFarm is a project that aims to use the combined power of DeFi and NFT to create more benefits and opportunities for its users, and its solutions and ideas about how to improve these sectors include the following:
Enables simple launching of NFTs
The first thing to note is that SuperFarm is a cross-chain DeFi protocol built to facilitate the simple launching of new non-fungible tokens. And when it says simple, SuperFarm truly means simple, as in, you can launch new NFTs without the need to know or do any programming. This is possible thanks to new, innovative tools that allow any project to deploy their own farms with their own rules.
Add a new utility to your token
SuperFarm’s design and capabilities are perfect for bringing utility to pretty much any token. It does this by turning these tokens into NFT farms, where, once again, no coding is required. The project offers visual tools that users can deploy new farms with, and customize rules and fine-tune incentives, all of which can be greatly beneficial for the original token. Farms can also be used to reward liquidity providers and even stimulate long-term stakes, and give access to a project’s services through NFTs with utilities. In other words, you can turn any token into a utility powerhouse through SuperFarm.
A comprehensive NFT marketplace
According to SuperFarm, the platform is also conceptually a comprehensive NFT marketplace, meaning that users can create their own NFTs, farm coins for NFTs, create ERC-20 tokens, and more
Simplifying DeFi and NFT infrastructure
SuperFarm is building an NFT framework with a focus on the platform and user interface, as it recognizes that the main challenge of both, the adoption of these products and its mission to deliver and simplify them lies in making DeFi and NFT infrastructure that is easy to use. However, this is necessary in order to build utility and provide a platform for NFT farming.
Ties crypto and gaming
Finally, it is worth noting that the project also aims to tie crypto and gaming through the creation of NFTs tied to various in-game items. This has been a popular practice ever since the metaverse emerged, and it was seen before in the very first blockchain game, CryptoKitties.
Benefits of SuperFarm (SUPER)
Next, let’s discuss what benefits you get to experience by using this project, investing in its token, and simply engaging with its platform and ecosystem.
Staking & Liquidity providing
As mentioned earlier, the farms can lead to the creation of multiple DeFi functionalities and mechanisms if users opt to develop them in a way where this is possible. Things like long-term stakes and liquidity providing can be achieved, which also means that users can receive monetary rewards for their efforts and contributions to the project.
Create your own NFTs
Obviously, the biggest benefit of the entire project is the ability to create your own NFTs without the need to know coding and programming. So far, projects that wanted to launch NFTs had to either have their own programmers who would develop NFTs for the project, or to hire a team that knows how to do it.
However, SuperFarm has eliminated this by offering a set of tools that lets you create NFTs on your own, without any prior experience in coding and programming or development. This is beneficial as there are many people out there with great ideas, but without the means to make them into reality. Now that these means have been provided, we expect to see many new NFT projects and approaches to this technology.
Bottom Line
SuperFarm is one of the projects that are helping the blockchain industry advance further by combining and improving existing technologies, and allowing people to use them in new ways. As a result, it does not only push adoption, but also the ability to innovate and improve on existing solutions and products with nothing more but simple tools and the developers’ imagination.
