Celebrating 2 Years of $NFTART
It’s been two amazing years of building since the launch of $NFTART, and as we pass the two-year milestone, we’re taking a look back at all that’s been accomplished. Curious about what’s next? Let’s have a look.
Time flies when you’re having fun, huh? While it feels as if it were just yesterday $NFTART came to life and made some serious waves in the midst of a chaotic bull market, it’s absolutely wild to realize that it’s already been two incredible years of our native token’s journey. Since March 2021, we’ve seen the birth and death of an array of crypto projects, from what seemed to be solid exchanges and DeFi protocols to NFT projects and marketplaces.
While we’ve always been confident that $NFTART and the enterNFT ecosystem are here to stay, it is with great pleasure that we’re still standing here two years later, with a fantastic community, a foundation of great NFT platforms and educational resources, and a well-developed DeFi infrastructure that supports the token in numerous ways.
As the clock ticks, announcements are made, and life goes on, it’s easy to forget the accomplishments one’s made on the way. While the chart moves up, down, and sideways, zooming out every once in a while is helpful to keep an eye on the target. Therefore, like we also did last year, we’d love to use the occasion to reflect on the journey and growth so far. You can find all the fundamentals of $NFTART in last year's birthday blog and a complete milestone timeline of our journey so far at the bottom of this article.
If you’re only popping by every now and then, you might find some new DeFi mechanics you haven’t seen before, with opportunities to earn a little extra off your tokens. For those who've been following us on the daily, you might find some alpha hiding in here as well, so make sure to give this article a proper read. Happy Birthday to the snazziest tart there is - $NFTART!
$NFTART in DeFi - Milestones and Developments
While $NFTART was initially launched as a utility token for the enterverse, we’ve always had DeFi features for both $NFTART and our platforms in the pipeline. On that note, the past year has been a year of massive growth. From the launch of our native farm to the new NFT staking feature on enter.market, we’ve introduced multiple exciting initiatives leading us deeper into DeFi, and long-term holders have been rewarded massively.
$NFTART on Avalanche
Many probably saw it coming with the launch of enter.market on Avalanche and enter making a shift towards a multi-chain strategy; September 2022, we launched the official bridge for $NFTART from BNB Chain to Avalanche. Let’s recap what that means, and why it’s important:
- $NFTART on Avalanche shares supply with the token on BNB Chain, meaning that the token supply remains the same.
- The token can be bridged on https://app.multichain.org/#/router, and is also available as a $NFTART/AVAX trading pair on Trader Joe.
- $NFTART on Avalanche has a different set of tokenomics, and we’ve chosen to keep ownership of the contract to enable us to exclude certain contracts from tokenomics, thus making the token more attractive to use in DeFi, on our marketplaces, and when trading on exchanges. The tax is flexible with a hard cap on maximum 10% tokenomics.
- $NFTART currently has a 6% transaction tax, and is flexible from 0 - 10%. Currently, 4.5% of each transaction automatically goes towards growing the LP. The LP tokens placed by enter are burned out of circulation to lock the liquidity. 1.5% of each transaction is turned into USDC and used for buybacks on BNB Chain and Avalanche, respectively.
- You can catch the full memo of the bridge, tokenomics, and vision behind it in this article.
Native Farm
Last year’s September was full of good news for $NFTART with the bridge being closely followed by our first native farm for $NFTART on BNB Chain. Built on top of Pancake Swap’s V2 liquidity pool, the aim of the farm is to expand the liquidity of the pool where the volume is the highest, resulting in smaller price impacts from trades.
Those who entered the farm early have already made some great yields, especially those who were farming during the celebrations of $NFTARTs 1.5 birthday, where we doubled the rewards for a month. There’s still no shame in coming late to the party, the farm still holds plenty of rewards. You can check out the farm and current APR here and get the full scope of yield farming with $NFTART in this article.
Since the launch of the farm, farmers and farm-curious people have been able to track the farm stats like TVL, APY’s, and APR’s live in this sheet. We’re currently working on having the sheet implemented in the farm itself so that you can track everything live on the farm site in a smoother manner.
NFT Staking on enter.market with $NFTART Rewards
This year, we’re taking DeFi in the enterverse even further. We kicked off with the launch of NFT staking pools on enter.market, offering yields in $NFTART. We’ve successfully tested the application this February with the Enterboyz collection, giving the holders of the NFTs the opportunity to stake their Boyz to earn some additional $NFTART on the Avalanche side of the bridge.
While visiting stake.enter.market, you’ll notice that the Enterboyz pool now has company; The Diamond Hand NFT pool. This past year, we’ve been taking snapshots of the $NFTART holders list, with the goal of giving long term holders an extra reward for their support of the token. The new NFT staking pool is dedicated to a very special set of NFTs, airdropped to everyone holding more than 1 Trillion $NFTART during the time the first and last snapshot was taken.
Gm holders of the airdropped 💎🙌 NFT
— enter - NFT ecosystem ✨ (@EnterNFT) March 19, 2023
Up for pocketing some rewards? Stake your NFT here to receive up to 500 BN $NFTART ⬇️https://t.co/hQL4pOAM4R pic.twitter.com/aGO6FVeae9
The NFTs have been custom-made by the amazing Tnworks on enter.art, and offer additional $NFTART rewards when staked. The pool contracts are of course excluded from tokenomics, meaning you can harvest all your rewards without having to consider tax.
In the upcoming times, we will also be offering staking pools to NFT projects and interested parties. As with everything we do, we will incentivize the usage of $NFTART as a reward.
Birthday Fun - Burn Portal
Everyone loves a good burn, maybe particularly the $NFTART community. At the time of writing, we’ve already burned a massive amount of tokens since March 23, 2021 - 73.5% of the initial supply, with only 26.5% remaining in circulation.
Since the launch, we’ve done manual milestone burns and created a burn wallet account on the enter platforms for creators to split their royalties if they wish to contribute to the burn. On the more automated side, the tokenomics ensure that the burn continues each time a transaction is made, lowering the supply for every purchase and sale of NFTs made with $NFTART on our marketplaces.
To celebrate $NFTART’s two years through some rough market conditions, we’re introducing a little something for everyone particularly keen on speeding up the burn process: The Burn Portal! Here you can burn as many tokens as you please, and follow the stats of how much has been burned so far as well as through the portal, directly on the page.
In the Pipeline: $NFTART Single Staking Pool on Avalanche
On the topic of DeFi, we’re still far from being done with use cases, utility, and DeFi opportunities for $NFTART in the upcoming time. We know a lot of people have been keenly awaiting a single stake opportunity for $NFTART and added DeFi options for the token on Avalanche, and we’re thrilled to soon follow up on that wish, with a single staking pool for $NFTART on Avalanche.
As we’ve already explored, the biggest incentive for launching such a pool on Avalanche vs. BNB Chain, is our opportunity to whitelist the smart contract and exclude it from $NFTART’s tokenomics. This means that you can safely stake your tokens in the pool, without having to account for tokenomics when moving funds in and out of the pool. You’ll be able to harvest exactly what you staked + your rewards, at any time.
The only fee required will be the gas fee, and as we all know, the gas fees on Avalanche are substantially lower than most chains, which was a big incentive for us opening up for the chain in the first place. We’re excited to be rolling out this feature in the near future and hope you enjoy yet another opportunity to make a yield while holding $NFTART. Stay tuned!
Looking Back - Updated Milestone Timeline Per March 2023
Following up on last year’s celebration post where we recapped the milestones and accomplishments made throughout the first year, we’ve taken a little stroll down memory lane so that you can get the full scope of the two years we’ve lived together. Let’s have a look at the milestone timeline anno 2023:
2021
March 16: Twitter page created
March 23: Token launched & Telegram group created
April 20: Listed on CoinMarketCap
April 22: Discord server launched
June 1st: Launch of enter.art - marketplace for art NFTs / first $NFTART utility
July 7: First listing - DigiFinex
July 21: Launch of enter.blog
July 28: Listed on LBank
August 19: Verified on Flooz.trade
August 29: Partnered with Slamcrash
September 1: Listed on FegEx
September 24: First farms and staking pools went live
October 1st: Launch of enter.audio - marketplace for audio NFTs purchasable with $NFTART
October 18: First governance proposal
December 20: Release of our Gitbook
2022
January 1: $NFTART Genesispool with dibs.money
February 5: Listed on MEXC
April 27: Gas Faucet for new creators
April 27: $NFTART Marketcap verified on CMC
June 13: enter x tons of rock announced
June 14: $NFTART listed on TipCC
June 16: enter.help multilanguage expansion
July 28: enter.market beta live on Avalanche
August 19: enter the ecosystem collection live on enter.market
September 8: $NFTART live on Avalanche!
September 16: Launch of native $NFTART farm
November 3: Launch of enterNFT Podcast
December 9: Milestone - 40 000 + members on Discord
December 12: enter 2023 announcement
December 16: Launch of enterweb3.io
2023
January 17: Official kick-off - Crew3 community boards
January 27: Launch of merch.enter.art
February 3: Launch of the enterboyz collection
February 23: enter NFT Staking with $NFTART
March 9: Airdrop of Diamond Hands NFT to snapshot holders
March 14: NFT Oslo 2023 revealed
Follow the journey of $NFTART & enter for the latest news, drops and alpha on:
● Discord ● Reddit ● Telegram ● Facebook ● CoinMarketCap ●
Follow @enternftFollow @enterblog_Follow @enterweb3_News from the enterverse
Wondering what the state of the enterverse is? Here you can stay up to date on the latest developments and news from enter.