GMT launches NFT project "Greedy Machines" supported by Computing Power - 24/7 Wall St.

GMT launches NFT project “Greedy Machines” supported by Computing Power – 24/7 Wall St.

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GMT recently unveiled an innovative NFT project “The Greedy Machines”. The new project features a collection of images of mining rigs backed by computing power, which makes it unique from most NFT collections.

Greedy machines allow users to compete for BTC rewards

GoMining Token (GMT) has announced the launch of a unique collection of non-fungible tokens (NFTs) dubbed “The Greedy Machines”. The collection aims to “present the idea of ​​an NFT from a completely different angle by creating an NFT art project: a set of images of mining machines backed by computing power,” according to GMT’s press release.

This innovative approach allows users to exchange their GMT tokens for NFTs, “in the form of a miner,” powered by computing power that allows users to earn BTC rewards. According to the project whitepaper, the minimum amount of BTC to be distributed is 0.00001 BTC while amounts below this figure are accumulated until the minimum amount is reached.

“Each NFT in The Greedy Machines VOL_1 collection is initially configured with computing power for mining. The power of each NFT can grow as the team releases new collections and the holder of the NFT performs game functions in his personal account.

White Paper Greedy Machines_VOL1.

GMT says the main goal of the Greedy Machines project is to bring the community together. To this end, the project allows NFT holders to invite their friends and receive additional Bitcoin rewards for each referral. Additionally, participants may receive other bonuses for equipment maintenance and other activities.

What is the GMT token?

The launch of the Greedy Machines comes more than a year after GoMining unveiled its native GMT token aimed at solving crypto mining issues such as expensive mining equipment, as well as high power consumption and emissions. of carbon. To achieve this, the token uses real computing power and if it represents an asset, the supply capacity of each GMT allows users to mine BTC for an unlimited period of time.

In addition to saving users money and reducing energy consumption, the GMT token also allows miners to generate profits. This is possible when the price of GMT tokens increases, and every week the team unveils new capabilities and issues additional tokens to meet those capabilities.

The introduction of Greedy Machines comes amid tough times for the NFT market, which has seen a major slump in activity lately. Tough market conditions have made it difficult for new NFT initiatives to succeed as investors shy away from risky assets.

This article originally appeared on The Tokenist

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