How To Earn 953% APY with Universe Protocol by DefiDad

While NFTs (non-fungible tokens) have enjoyed a record year of growth, one obvious shortcoming has been a steep learning curve and challenging UX for new creators and artists looking to release their art as NFTs.

For example, NFT standards require a variety of upgrades to provide creators the ability to collect resale royalties across all NFT auction platforms in secondary markets such as Rarible.

In light of the many improvements needed in the minting and auctioning processes for NFTs, Universe Protocol launched recently to better enable “a community-driven content backed by social tools, media services, and content distribution as well as tokens, games, and finance.” The xyzDAO which governs the Universe Protocol will focus first on “a novel method for creating new Collections, and second, on auctioning off those Collections.” The xyzDAO will govern the parameters of the Universe Protocol functions that make this possible.

Specifically, the Universe Protocol aims to offer the following NFT-related products:

• A better collection curation and launch toolset, including the ability to bundle NFTs for “collections” and transform NFTs from standalone objects to a Franchise of Collections.
• An easier UI for minting, including the ability to batch mint up to 40 NFTs in one transaction and support resale royalties 
• An Auction House and NFT marketplace to sell any NFT whether you created it or own it 

As of today, I want to emphasize that no products have been launched. It is very early for the Universe Protocol. It is also worth noting the Universe co-founders include the co-founders of the BarnBridge protocol, which I’ve written extensively about and interviewed for Yield TV.