The Aave protocol’s DeFi lending pool will get the USDC as part of the minting process.

NFT refunds are as easy as visiting the minting website and clicking a button.

Spielworks, a blockchain-based gaming firm, has collaborated with Web3 platform Mycelium Network to provide a refund scheme for sales of non-fungible tokens (NFTs).

In a press release, the team noted that participants in the program who purchase “Reverties” (a kind of NFT) are entitled to a complete USDC return. Users may stake this new series of NFTs in Spielworks’ Dungeon Master and buy them with USDC via a different minting procedure, all thanks to this initiative.

With the help of Mycelium Network, Spielworks will be able to make more USDC transactions. The Aave protocol’s decentralized finance (DeFi) lending pool will get the USDC as part of the minting process.

Refund With Click of a Button

In an effort to give back to the community, the team has announced that they would be purchasing tokens for Spielworks using the income generated from the lending pool. The Australian Wombat Protection Society will also benefit from the proceeds.

Spielworks co-founder and CEO Adrian Krion claim the NFTs will be useful in the company’s upcoming Dungeon Worlds game. They’ll provide their gamers access to mining resources and supply drops. Krion responded to whether or not the NFTs will be completely backed by USDC by saying, “They’re not ‘backed’ per see.”

Krion stated

“People can sell them technically on the secondary marketplace for a lower price of course, but they can just get their full money back.”

In addition, Krion said that NFT refunds are as easy as visiting the minting website and clicking a button. The transaction signature will then appear to validate the NFT transfer to the smart contract and will immediately deduct the return amount from their pool of funds.

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Filed under: Bitcoin - @ July 12, 2023 6:25 pm