- iZUMi Finance announces partnership with HOURAI NFT.
- The partnership involves HOURAI NFTs getting additional value through iZUMi DeFi derivatives.
- The iZUMi DAO veNFTs and staking reward distribution will happen on March 21, while the HOURAI NFT drop will happen on April 6.
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.
According to iZUMi Co-Founder Jimmy Yin, the company believes NFTs are the future of crypto.&nbs ...