Own Your First Non-Fungible eSIM Today

Hey Community!

The NFT market is full of surprises. What may seem like bad news at first glance often turns out to be the start of something big and exciting. Our weekly highlights show just how possible this is. Let’s find out how.

In our first highlight, we see NFTX closing down its business. But is it really a business shutdown? Next, we see how Degenphone makes eSIM phone numbers available just by holding an NFT. Awesome, right? Follow through as we dissect the entirety of these stories right away.

NFT News of the Week

NFTX to Sunset Its Activities

NFTX, an NFT liquidity protocol, has revealed plans to sunset its activities at the end of this month. But, this is not the end of its business. Flayer Labs, a project that blends DeFi and NFT, will take over the management of NFTX’s smart contracts. A surprising twist, right?

Two years ago, NFTX and FloorDAO joined forces to debut Flayer Labs. The goal? To improve liquidity for NFTs. As part of the process, Flayer Labs’ creators migrated NFTX and FLOOR tokens into FLAY through a migration portal. Now, NFTX is entrusting its operational activities to Flayer Labs.

Under Flayer Labs’ custody, the NFT-centric smart contracts from NFTX will be used to build radical on-chain products and push the boundaries of what decentralized infrastructure can enable. Ready to be a part of this exciting new foray? Then, step into the center of this story and digest the rest of the details.

NFT Drop of the Week

Degenphone: Open Edition

Have you ever thought it was possible to own an NFT representing an actual eSIM? Well, think no further. Degenphone has made that possible through its open edition of non-fungible eSIM collectibles.

How does it work? Owning one of these collectibles grants holders access to a real eSIM phone number that can make calls, receive SMS, and be used for signups, OTPs, and private accounts. What is more? It can be used to get mobile data that supports roaming and seamless usage without contracts or carriers. That’s so next level!

If you sell your collectible, all the benefits also get transferred to the new owner. In the near future, Degenphone will grant holders of the NFT eSIM access to a hardware device called the Degenphone.device. The best part about this NFT drop? It is free, excluding the protocol fee. You shouldn’t miss this rare opportunity. Join in now!

When?

Ongoing

Top Web3 Stories of the Week

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