Hyperspace and Avalanche join to launch a multi-million NFT incentive program

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Avalanche is launching a multi-million NFT incentive program AVAX NFT incentive program overview Related NFT news:

Avalanche, the team behind the open-source proof of stake blockchain network Avalanche, has announced the launch of a unique multi-million non-fungible token incentive program on its own network. The Avalanche team is partnering with the Hyperspace NFT market platform to launch the incentive program.

Avalanche is launching a multi-million NFT incentive program

In an October 17 blog post, Avalanche confirmed the launch of an ambitious multi-million dollar AVAX NFT incentive program in partnership with Hyperspace. The NFT incentive program has already been warmly received, with more than 15,000 user sign-ups in the first week.

NFT SZN is busy with Avalanche!

In association with @HyperspaceavaxAvalanche launches an ambitious multi-million $AVAX NFT incentive program.

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Hyperspace recently announced its innovative Rewards program, which has already attracted more than 15,000 users… pic.twitter.com/C6XY8vBzBN

— Avalanche ???? (@avax) October 17, 2023

Launched earlier in September, Hyperspace is a multi-chain NFT marketplace, launchpad and developer platform focused on driving mass adoption of digital assets. Backed by notable investors such as Dragonfly, Pantera and Coinbase Venture Capital, Hyperspace provides an intuitive, lightning-fast user experience for NFT traders and collectors and a broader platform to support creators.

On the other hand, Avalanche is a smart contract platform that is infinitely scalable and regularly completes transactions in less than a second. The new consensus protocol, subnet infrastructure, and HyperSDK toolkit make it easy for Web3 developers to launch robust, custom blockchain solutions.

AVAX NFT incentive program overview

Under the new integration, the Avalanche and Hyperspace team expects to launch a non-fungible token NFT Incentive program that will allow users to earn Hyperspace points and later redeem them for Avalanche’s native token, $AVAX.

Hyperspace Rewards has a key differentiator, including an accelerated pace of incentive distribution to ensure users are immediately recognized for their participation. The program is ready for users to join, earn points by signing up, refer new users and participate in the initial trading activities.

In the meantime, the non-fungible token hosted on the Avalanche network appears to be responding somewhat to the recent bullish news about the Avalanche ecosystem. In the last 24 hours, Avalanche-based NFTs have registered a trading sales volume of $22,491. During this period, Avalanche-based NFTs have achieved a 146% increase in sales.