Hello Community
Check out this latest update for M4L:
https://www.musicforlife.io/hive-175836/@al-gaming/quick-updates-about-whats-next
The new UI looks amazing, very clean and has a modern look. I look forward to see the new UI. The UI definitely makes the platform look different from the other Tribe.
However, what I am also excited about is the
VFTLAB stands for VIBES FUNGIBLE TOKEN LABORATORY
VFTLAB
Musicforlife users with vibes, hive, leo and starbits will be able to stake their coins in this new lab. It works very similar to that of a DEFI as a cubfinance, with distribution of inflation to the different pools.
Well there will be a deposit fee (0 if you use VIBES), which will be used 100% to buy and burn vibes (we are still reviewing it, or it may be 80/20 burned and innovation). When you stake your coins you will receive a new coin called VFT that will have a daily supply of 1000 (although possibly at the beginning we will run a campaign with higher inflation).
With this new token you will be able to FARM NFT that will be send to you in your WAX wallet, which you will be able to link in a profile setting. These NFTs will be limited editions, and as soon as we know the most optimal way to create wax music NFTs, you can also farm them, we already have the musicforlife holding company (called crypto academia libertad) that will allow us to have level 2 verification in the WAX blockchain.
About the VFT lab, the project already has the numbers done, the first NFTs for the first collection, we are illustrating the design of the page and it will not be long to see some samples!
I have to say I am quite excited about the above. That is why I am definitely going to accumulate some liquid VIBES in order to prepare for the above. I enjoy collecting NFTs, however not just any NFTs. I enjoy collecting NFTs that have the following Characteristics:
- Great Appeal (art looks great or the music is great)
- Scarcity (limited supply and a low number)
- Utility (functionality beyond just collecting it)
I plan to have some liquid VIBES ready when this VFTLAB is ready to launch and will try to FARM some of those VFTs.
However, I need to make sure that I also increase my VIBES POWER
I just powered up 100 of my liquid VIBES. I think I will be able to break 3000 VIBES POWER soon.
It is also great to see nice support at the 0.2 HIVE mark. It seems to be holding, and if there were a sizable market order, the price of VIBES will go up quite a bit.
I am thinking of allocating 100 liquid VIBES to the VFTLAB, but will see how it goes, maybe I will insert more.
What do you think of the update?
Have a great day!