.jpg)
We started to feel that blockchain technology has entered every aspect of our lives. The concept of decentralized projects has also begun to enter our knowledge library. Increasing DAO projects in recent years; Cryptocurrency holders were not given much of a say in the administration, other than the right to vote. Until Project Galaxy...
Project Galaxy (GAL); He introduced the concept of “NFT + Gamification” for DAOs to identify long-term contributors and manage member relationships.
Decentralized Autonomous Organization (DAO); We can define them as entities that are managed by the community and do not have a central authority.
Non-Fungible Token (NFT); They are digital assets that cannot be exchanged…
If I was able to pique your interest, Let's start the review...
What is Project Galaxy (GAL) … ?
Project Galaxy (GAL); They think that community management plays a key role for decentralized organizations. They aim to leverage the power of NFTs while providing the necessary infrastructure to manage the DAO. It aims to provide a permissionless NFT infrastructure that empowers communities with a gamified loyalty system. Each community will be able to use Project Galaxy to create their own NFT campaigns.
Benefits of Project Galaxy (GAL);
- You can increase your brand awareness with customized NFTs...
- Communities can easily create their own NFTs with customized designs and unique attributes...
- Increases ownership awareness with NFT supported loyalty system...
- Customized NFTs can be used as a loyalty system to provide a better form of reward and incentive to the contributors of the designed project...
- Third-party plugin support allows community members to connect NFTs to their social media and showcase their NFT status using badges...
- Engagement can be increased with gamified NFT campaigns…
- It can reward community members in the form of mysterious NFT boxes for exclusive experiences...
- There is the unique forging feature that allows community members to compete for NFTs with higher rarity levels...
- Community members can be allowed to farm with NFTs for extra rewards based on rarity….
Project Galaxy Solution;
Project Galaxy (GAL); It aims to build an NFT-based NaaS infrastructure for developers and communities to build NFT-based loyalty systems. It consists of three main features:
NFT Launchpad; A set of templates with plug and play modules for developers to create custom NFT campaigns to reward loyal community members.
NFT Arcade; A set of gamification modules to engage the community and create sustainable value for existing NFT owners.
DAO Suite; A suite of tools to help DAOs build a better community and identify long-term contributors using NFT owner profiles.
NFT Infrastructure as a Service
My Last Words; Project Galaxy (GAL), which started to be traded in the crypto money markets with Binance Launchpool, started to be traded in important exchanges such as Binance and Coinbase in a short time. This alone shows that Project Galaxy has significant functionality. I believe it will revolutionize the DAO world by bringing NFTs to the fore ... I think it is one of the projects that should be followed and invested in ...
Posted Using LeoFinance Beta