NeftyBlocks
Crypto Overview
Overview
NeftyBlocks is a cryptocurrency token that serves as the utility and governance token for the NeftyBlocks platform, a comprehensive NFT infrastructure solution built on the WAX blockchain. The platform provides tools for NFT creators and collectors, including an NFT marketplace, drop creation tools, and trading features.
Purpose and Utility
The NEFTY token's primary purposes include: Platform governance allowing holders to vote on protocol changes and updates, Fee sharing where token holders receive a portion of platform revenue, and Staking mechanisms that provide platform benefits.
Business Model Analysis
The platform generates revenue through marketplace fees and creator tools, with a transparent fee structure. The core business activities involve facilitating NFT creation and trading, which aligns with halal principles as it involves the exchange of digital assets with clear ownership and utility.
Real-World Adoption
NeftyBlocks has established itself as one of the leading NFT platforms on the WAX blockchain, with active daily users and consistent trading volume. The platform has partnerships with various NFT projects and creators who utilize its infrastructure.
Development Activity
The project maintains active development with regular updates to its platform features and tools. The team consistently releases new functionality and improvements to the ecosystem.
Token Distribution and Governance
The token distribution includes allocations for the team, development fund, and community treasury, with vesting schedules in place for team tokens. The governance system allows token holders to participate in decision-making regarding platform development and fee structures.
Crypto Impact
To assign a comfort level investing in NeftyBlocks from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to NeftyBlocks.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.