DeFiBench Launching Unique NFT Platform for the Arts Industry

LONDON, UK / ACCESSWIRE / December 29, 2020 / DeFiBench is an innovative new DeFi ecosystem championed and developed by a team of highly experienced individuals from backgrounds in financial technology, electronic markets, product design and developer platforms.

The beating heart of the DeFiBench platform is the native token EDDA, which has multiple yield earning mechanisms, but also serves as exclusive access for NFT tokens.

NFT stands for Non-Fungible-Tokens – unique tokens that represent or contain for example digital art or other collectibles. They give artists and collectors the possibility to safely sell, store or trade their art, including the relevant information like the identity of the owner, metadata about the artist, secure file links, copyright information or certificates. DeFiBench has partnered with leading motion graphic designers and 3D artists such as ‘Primal Cypher’ to create a specially curated collection of digital art and NFTs that will be exclusively accessible to EDDA Token holders. DeFiBench has already issued highly valued pieces of art with its 3D NFTs dedicated to CZ the founder of Binance and Andre Cronje the founder of YFI and KP3R and will issue many more over the next couple of months.

Snapshots of Primal Cypher’s Exclusive collection for DeFiBench

The artworks are only available to EDDA token holders who either stake their EDDA on DeFiBench’s NFT Platform or participate in liquidity provision in the Uniswap pool. The NFTs yielded by this exercise can then be sold in all famous NFT market places. Considering the provenance of the contributors this is not only a novel function but has the potential to achieve highly attractive prices within the art world, which then will gain more interest of other artists, maybe even outside the world of cryptocurrencies.

CEO and Founder Mike Patel emphasizes this specific aspect: “The NFT hype has just begun. After automated yield optimization drove incredible growth in the industry to over 15 billion USD, all DeFi participants are now looking at the next opportunity to increase the massive growth of the DeFi market. We believe that NFTs will be one of the main drivers of growth and are excited to work with global NFT Artists worldwide.”

Next to exclusive access to NFTs, the DeFiBench platform also offers dApps (Decentralized Apps) with “one click” functionality. The dApps include Decentralized Asset Management (Yield Optimisation), a Decentralized Exchange (EDDASwap) and a Decentralized Launchpad. DefiBench as a platform is fully decentralized and customers can utilise the platform token EDDA for staking, governance, access to rare NFTs and other elements. In the ongoing sale for the release, this token will be available at the same rate for all types of investors until the 31st of December 2020.



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