On June 26, L2 Blast distributed the drop for Phase 1. One of the features of this campaign was to incentivize ecosystem users not directly, but through projects. Some of the Blast points and gold were allocated to projects, which they in turn had to distribute to their users. Blast has done a great job of involving users in the ecosystem, but there is always a dilemma in such cases. On the one hand you need to achieve successful metrics such as TVL, number of unique users, transactions, etc. On the other hand such large campaigns always attract a lot of sybils who inflate the financial metrics and dump the token, getting the drop. This is not beneficial for web3 projects, so it is important to limit the number of such audience, but real users should not be affected.

Should Envelop be in the NFTFi section of https://blast.io/en/airdrop?

In the last article, we created an index of yield-generating tokens. Now let's try trading this index on our own launchpad.

How is this possible? It's easy in today's world of DeFi compatibility.

Any project that expands the field of creation and utilization of NFT will be categorized as NFT2.0.

Drops and testnets are the new narrative in the crypto market, which Blast has largely contributed to.

Envelop is excited to announce the deploy of the NFT minting app on the Blast testnet.

Envelop offer the ability to upgrade the reputation inside SBT via dropping reputation level/grade tokens (ERC-20 format) inside. When the SBT holder has achieved or executed some useful activity for his community. Thus we can easily build dynamic reputational models with on-chain proof. Aside fan communities could be used as proof, certificate, diploma, confirmation of skill/job skills etc. with opportunity to have grades and be dynamic.

Airdrops (or drops for short) are events where a web3 team fund your cryptocurrency wallet with their crypto token or NFT.