NFT News by Thebittimes.Com

io.net, a Solana-based decentralized physical infrastructure network (DePIN) protocol, announced a new rewards program ahead of its token debut in April.  The program , named Ignition, is set to enter its initial phase on March 1 and will continue until April 28. How does the io.net reward system work? Through Ignition, users will earn points based on their contribution of graphics processing units (GPUs) to the network.  Picked for you Crypto expert reveals the right time to sell Bitcoin 25 mins ago How much is the CEO of ARK Invest worth: Cathie Wood's net worth revealed 2 hours ago 3 cryptocurrencies for a 10x market cap increase in 2024 15 hours ago Brace for strong Cardano (ADA) surge; Here’s why 16 hours ago Other factors, such as completed job hours, node bandwidth, GPU model, uptime, as well as GPU supplier activity since its inception in November 2023 will also influence the rewards algorithm. Ahmad Shadid, io.net CEO a...

Airline passengers can get rewards such as flight upgrades or airport lounge access after completing NFT collections. Lufthansa, one of the largest airline groups in Europe, has launch ed its nonfungible token (NFT) loyalty program on the Polygon Network. The program will allow passengers to turn their trips into NFTs that can unlock rewards like miles and business lounge vouchers.  On Aug. 31, Lufthansa announced the Uptrip mobile application, a project by Lufthansa Innovation Hub, the airline group’s digital innovation unit and Miles & More, the airlines’ frequent flyer program. Lufthansa's @Uptrip_app loyalty program is building #onPolygon to turn flights into rewards Collect NFT trading cards for every flight and claim rewards Learn more about the new Miles & More and @LHInnovationHub experience: https://t.co/MjQihK8xUx pic.twitter.com/JfUEoUJxNR — Polygon (Labs) (@0xPolygonLabs) August 31, 2023 According to the announcement, airline passengers can scan th...

The program will provide seed money, mentoring and support to approved applicants. The Bitcoin Frontier Fund, formerly Stacks Ventures, launched what it’s calling the first Bitcoin Ordinals accelerator program on Aug. 14. Program Information This program is led by VC @TO & is a 4-month program for builders to raise funding, connect with mentors, & be guided by the best in the industry (sneak peak below). It will help with co-founder relationships, mentors & advisors, fundraising & pitching. pic.twitter.com/MSykk2l7Dl — Bitcoin Frontier Fund (@BTCFrontierFund) August 14, 2023 According to the program ’s website, the Bitcoin Frontier Fund is offering seed money to startups innovating in the Ordinals space along with access to funding pipelines and mentorship: “We offer $100k in investment and a badass program and community to take your startup to the next level, in exchange for 2-3% equity in common shares.” Startups with no “substantial funding” will be required...