Following the global popularity of the DeFi ecosystem, NFT (non-fungible tokens) also quickly became popular in the cryptocurrency industry. "NFT paintings sold for 450 million yuan, and the craze swept across many countries around the world." "Blockchain applications have officially exploded with NFT, and everything can be an NFT in the future."
From a conceptual point of view, the so-called NFT usually refers to the tokens issued by developers on the Ethereum platform according to the ERC721 standard/protocol. The characteristics are indivisible, irreplaceable, and unique, that is, all tokens that adopt the ERC721 standard/protocol are indivisible, irreplaceable, and unique. The issued tokens can all be called NFTs.
As a new outlet, NFT lacks strong platform resource support, and empowering NFT has become the next hot spot in the industry. As a masterpiece of concepts such as finance, blockchain, and games, MIGO has opened a new chapter in NFT with its strength.
MIGO is a cross-chain infrastructure of NFT+DeFi+DAO. Through various combinations of NFT and DeFi, a decentralized financial ecosystem is built. The core purpose is to create a "maze game" through the better combination of blockchain technology and DeFi, and to form an autonomous community with a collaborative approach of "governance through building", allowing users to mutually benefit and assist each other and enjoy gains from DeFi while playing games. It provides an open NFT ecosystem where anyone can mint NFT on the relevant chain, initiate NFT mining, auctions and transactions. MIGO is committed to creating an independent but open NFT ecosystem to attract users into the blockchain world. Here anyone can issue NFT, mining, auction and trading, etc., to maintain the ecosystem operation of NFT.
In addition to the benefits that MIGO mining can bring, MIGO will also adopt a modular combination design scheme to aggregate the benefits of the DeFi world for users. Modularization refers to the combination of certain elements of a product to form a subsystem with specific functions, and the use of this subsystem as a universal module to combine with other product elements to form a new system, resulting in a variety of products with different functions and properties. Simply put, each product can be understood as a module, and the effect of 1+1>2 can be achieved through the combination of different modules. Combining them will extend unlimited creativity. In the DeFi ecosystem created by MIGO, each module will play a different role such as DEX exchange, mining, MIGO auction hall, derivative products, etc.
The world of DeFi and NFT needs a strong platform support, and as the world's largest autonomous organization platform (HDAO), HDAO is committed to creating an efficient, transparent and achievable digital asset financial ecosystem to meet all users' financial needs. By implementing the concepts of decentralization and community governance, HDAO has taken a solid step towards a truly decentralized society, and efforts will be made to achieve transparency and autonomy in the decision-making process. Through the application of smart contracts, the DeFi ecosystem created by MIGO can build complex services on the HDAO platform, implement automated trading strategies, create stable coins, and invest in digital assets to earn interest.
As a revolutionary blockchain project, MIGO will allow anyone in the world to conduct transactions in the financial world anytime, anywhere. With the in-depth integration and development of DeFi and NFT, MIGO will also improve the ecosystem and establish a multi-level financial system to serve the global financial world.