Injecting More Value into NFTs! iZUMi Partners with HOURAI NFT

Injecting More Value into NFTs! iZUMi Partners with HOURAI NFT

iZUMi Finance is partnering with HOURAI NFT project to inject additional value to HOURAI’s NFTs through iZUMi’s DeFi derivatives. The launch of iZUMi DAO veNFTs and the beginning of staking rewards distributions are on March 21. Meanwhile, the HOURAI NFT drop will happen on April 6.

This partnership means that each holder of HOURAI NFTs, if whitelisted, can trade the original HOURAI NFT for an iZUMI DAO veNFT (veiZi). The HOURAI NFTs have a mint price of 0.1 ETH, while the veiZi contains 0.2 ETH worth of locked iZi tokens. As a result, the HOURAI NFTs will have value support to their floor price through the integration with an innovative DeFi project.

Resource: CoinQuora