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Two trailblazers in the decentralized world, Spielworks, the blockchain startup excelling in gaming and decentralized finance (DeFi), and Mycelium Network, another start-up in collective Web3 action, have come together. Their collaborative endeavor is a ground-breaking NFT program named Reverties. What sets this project apart is its unique feature that allows users to claim a full refund for certain NFTs in USDC.
In the past, NFT transactions primarily hinged on ETH holdings, given the prevalence of NFT platforms and exchanges built around Ethereum or its affiliate chains. Those without ETH were necessitated to convert their fiat to ETH through an exchange and then await the fund transfer to execute any NFT purchase or stake. This process is set for a major overhaul through this partnership.
Leveraging the technological prowess of the Mycelium Network, the Reverties program supports USDC-based purchases of multiple NFT series. These can be staked in Spielworks’s premier game, “Dungeon Master”. Additionally, Reverties NFT holders enjoy the privilege of returning their NFTs at any time and receiving a full refund in USDC.
During the minting process, the transferred USDC is channeled to Aave’s DeFi lending pool. Here it amasses interest, which subsequently aids in repurchasing and burning Spielworks’s proprietary WOMBAT token, benefiting the entire community. In an act of socially responsible conduct, a portion of the gathered interest supports the Wombat Protection Society of Australia.
Spielworks is a force to reckon with in the rapidly growing blockchain gaming ecosystem. With impressive statistics of over 3.8 million registrations and 65 thousand daily users, it is no small feat. Integral to its ecosystem are the multi-chain, non-custodial Wombat Wallet, the crypto reward platform Womplay, supporting over 100 AA and AAA titles, and the top 15 NFT staking game, Wombat Dungeon Master, boasting more than 1.5 million staked NFTs to date.
The CEOs of both companies, Adrian Krion of Spielworks and E.Spillane of Mycelium Network, share mutual excitement over the collaboration. As stated by Krion, the Reverties project is a revolutionary endeavor. It doesn’t just make the purchase of NFTs more convenient by accepting one of the largest stablecoins but also promotes a more community-based purchase paradigm. In the words of Spillane, this secure tech stack collaboration coupled with Spielworks’s committed gamer community promises an unparalleled NFT staking experience that promotes reciprocal benefits and social impact.