SmarterWorx Is on The Forefront of NFT Yield, Outpacing ApeCoin And Solana

Generating revenue in the crypto sector goes hand-in-hand with value addition. Users will readily invest in projects that sustainably earn them high yields. Otherwise, projects built on shaky frameworks may rise rapidly and come down just as quickly, wiping out investors’ assets.

NFT trading may be the riskiest for generating returns in the crypto sector. For context, at the height of the NFT craze, collectibles sold for very high prices. However, the market underwent correction, and NFT price floors plunged. Based on this flawed token-flipping mechanism, SmarterWorx Network has taken a distinct approach to NFT yields. The platform picks undervalued artwork and adds value to the pieces before reselling them for massive profits.

Understanding SmarterWorx

SmarterWorx is the blockchain tool that makes artwork. The protocol features a value chain that collects physical and digital fine art and securely stores them in a vault. Then, SmarterWorx insures the collected pieces and mints 1 of 1 NFTs. Besides, SmarterWorx mints fractionalized NFTs (F-NFTs) for retail investors to buy and collectively own the art.

SmarterWorx purchases the artwork with revenue from its treasury, accrued from buy-and-sell taxes imposed on on-chain transactions. Additional funds for the treasury come from the 5% token allocation of SmarterWorx’s native $ARTX. These tokens fund the purchase of new art pieces.

After value addition, SmarterWorx flips some art pieces and their connected NFTs for massive profits. Half of the net revenue from art sales is used to reward investors holding F-NFTs. The protocol utilizes the remaining earnings to buy back and burn $ARTX from supply via the SmarterBurn model.

Apart from burning tokens, $ARTX is fully backed by physical art pieces in the SmarterWorx portfolio. This way, investors don’t have to worry about volatility as $ARTX tokens maintain stable value regardless of market conditions.

How Does ApeCoin Work?

ApeCoin is a decentralized governance platform fun by the ApeCoin DAO and fueled by the $APE token. $APE serves utility and governance functions on the platform, allowing holders to vote on and influence proposals. The ApeCoin community envisions an incentive economy for Web3 users. The project must generate earnings for holders as it faces stiff competition from other projects. Also, $APE fell 20% in November.

What is Solana?

Solana is a highly scalable layer-one blockchain protocol for running smart contracts and building dApps. The protocol features a powerful hybrid consensus mechanism, integrating proof-of-stake (PoS) and the custom proof-of-history (PoH) models. The chain is popular among individuals and institutions for its near-instant processing times and low transaction fees. Despite the top-tier features, Solana’s native token, $SOL, fell sharply in November due to exposure to collapsed crypto exchange, FTX.com.

Final Takeaway

$SOL slumped by over 60% in one month, mainly for lacking asset backup. On the other hand, $APE has vague and limited utility. Both tokens need help to yield revenue for holders. For $ARTX, generating income for investors is light work. The token has multiple cushioning mechanisms for its value, including capped supply, SmarterBurn, and asset-backing. Also, SmarterWorx creates rich utility for $ARTX to grow the token’s demand – a perfect recipe for high yields.