The mining feature is part of PolkaCity’s effort to increase citizen involvement and make the platform self-sustaining. The metaverse experimented with a similar feature in partnership with River Financials last year. Earlier last year, citizens could mine POLC, the metaverse token, using a miner NFT.
The metaverse partnered with River Financials to buy Bitcoin (BTC) miners in their Texas mining firm and share the rewards among NFT holders based on the purchase price of the NFT.
PolkaCity is re-experimenting with the system, this time on its own. Users can now buy NFT miners, increase their involvement in the metaverse infrastructure, and earn rewards.
Here is how Polkacity NFT miners will work:
Metaverse platforms are slowly gaining recognition as they mimic reality. However, they are still nascent, and the sector is still very experimental. While mining is frowned upon by popular consensus, it’s interesting to see a metaverse platform use mining to innovatively sustain itself.
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See original on DailyCoin
Source: Cryptocurrency - investing.com
