NFTFeed has successfully traversed its initial phase and is gearing up for an exciting Phase 2, marking significant milestones along the way. As we reflect on the project's journey to date, let's delve into the accomplishments that have shaped NFTFeed into what it is today.

Phase 1 Recap:

1. Successful Internal Testnet (Beta Version):

The project achieved a major milestone with the successful implementation of the Internal Testnet (beta version), featuring the LP adding feature. Over 1000 early members actively participated, contributing to the refinement of the platform.

2. Shark Point Leaderboard:

The introduction of the Shark Point Leaderboard incentivized user interaction throughout the retroactive phase. The platform is now gearing up for the first round of airdrop rewards distribution, enhancing user engagement.

3. Web3 Integration for NFT Collection Setup:

NFTFeed has empowered users by incorporating a Web3 feature to autonomously set up NFT collections. This not only facilitates user engagement but also promotes NFTs on the NFTFeed platform.

There are more and more NFT collections being created by users, users are starting to get used to creating their own NFT collections on NFTFeed DApp.

4. Successful integration on 5 different blockchains

One of the pivotal achievements during Phase 1 was the seamless integration of four diverse blockchains into the NFTFeed ecosystem. Initially establishing itself as an NFT platform on the Base native Chain, the team's relentless dedication and proactive market responsiveness led to the incorporation of three additional chains: Optimism, ZetaChain, Arbitrum, and Scroll Network.

This strategic move solidified NFTFeed's commitment to a multichain platform, enabling the platform to explore and connect with high-quality NFTs across various blockchain networks. The continuous effort to expand accessibility across different chains demonstrates NFTFeed's agility and adaptability in catering to the dynamic landscape of the NFT market.

5. Initial NFT Offering (INO) of Sharkie NFTs:

The Initial NFT Offering witnessed the sale of over 1000 NFT Sharkies, establishing a foundation for the community of Sharkie NFT holders. These early adopters will enjoy exclusive benefits as the project unfolds.

Stepping into Phase 2:

The mission at the heart of Phase 2 is clear: to elevate the Web3 system, establish a decentralized autonomous organization (DAO) for transparent governance, and empower users with a voice in the project's direction. The spotlight is on inclusivity and collaboration as NFTFeed prepares for its IDO, a pivotal step that will be shaped by the collective insights and decisions of the vibrant NFTFeed community.

1. DAO Mechanism for NFT Sharkie Holders:

In Phase 2, NFTFeed is introducing a DAO mechanism for NFT Sharkie holders. The community will have the power to decide on upcoming events, including the initiation of the Initial DEX Offering (IDO). This democratic approach empowers users to contribute to the project's development through voting.

Besides, the DAO mechanism introduces a host of rights and benefits for its members, enhancing the engagement and influence of the Sharkie NFT community. DAO members are entitled to the following privileges:

1. Revenue Sharing:

   DAO members enjoy a share of the revenue generated by the DAO, extending the benefits to all SHARKIE NFT owners.

2. Immutable Liquidity:

   The liquidity of SHARKIE NFTs is locked indefinitely, ensuring the security and stability of the NFT pool. No one can withdraw from the pool, and NFTs are safeguarded, offering the option for owners to refund by swapping into the LP Pool at any time (excluding return fees, which are yet to be implemented).

3. Voting Rights for Staking Pool Rewards:

   Members have the authority to vote on the allocation of rewards within the Staking Pool, influencing the distribution of staking rewards and airdrop rewards within the pool.

4. Minting Fee Regulation:

   Voting rights extend to the regulation of minting fees, ensuring a democratic process. However, the minting fees cannot be set below 1%.

5. Redeeming Fees and Market Fees Regulation:

   DAO members can vote to regulate redeeming fees and market fees, providing a mechanism for the community to shape the economic aspects of the NFTFeed ecosystem.

6. Establishment of Investment Funds:

   Members exercise voting rights to establish investment funds from the funds in the Vault. To ensure commitment, a corresponding number of NFTs will be locked based on the invested amount, creating a tangible link between investment and ownership.

Additionally, current Sharkie NFT owners who have actively participated in the project as early supporters are already reaping rewards through staking, with rewards available in the staking pool reaching up to 1 Million $SHARKIE. This initiative is a token of appreciation for the steadfast support provided by the early adopters of the NFTFeed project.

2. LP Adding Mechanism Aligned with IDO Schedule:

The LP-adding mechanism will now be aligned with the IDO schedule, creating a seamless integration of liquidity provision with the project's fundraising events.

Sharkie NFT Holder can vote here .

3. NFT Profile Feature

The introduction of the NFT profile feature serves as a proof-tracking tool for social interactions and on-chain activities across various blockchain networks.

This feature will be accompanied by a revamped Shark Point Phase 2 mechanism, designed to express gratitude, rekindle interest, and attract new members to the Sharkie community in the next phase.

4. NFT DEX Feature

NFTFeed is launching the NFT Dex feature, an automated tool providing access to major NFT collections in the market in multichain (Base, OP, Arbitrum, ZetaChain, Scroll). This ensures users don't miss out on retroactive opportunities from various NFT projects.

Notably, users incur zero system fees when participating in NFT minting activities—a 100% free experience.

NOTE: NFT collections crawled with data from other platforms and chains to the NFTFeed DApp will have a symbol “ZFC - Zero Fee Collectibles” to distinguish them from other NFTFeed collections in NFTFeed.

Conclusion

As we approach the end of the year and step into a new one, NFTFeed anticipates exciting beginnings in Phase 2.

The realization of the outlined activities will shape the future of NFTFeed, and we extend our sincere appreciation to the early Sharkie members who have patiently and wholeheartedly supported the project up to this point.

Your dedication is the driving force behind the success of NFTFeed, and we look forward to the continued growth of our vibrant community.