Learn all about CUDOS Markets as it prepares to launch
What is CUDOS Markets?
CUDOS Markets is an NFT marketplace where you can buy and sell hashrate collectibles created by clean energy bitcoin mining farms. which will represent a part of hashrate in the form of NFT in your wallet, which will generate bitcoin for you.
How will Hashrate NFTs work ?
Consider a clean mining farm that is determined to tokenize its mining farm on the Cudos blockchain using CUDOS Markets.
- First, they have to figure out how much hashrate is produced by their machines in the mining farm; suppose their mining farms are producing 100 T/s, and they want to tokenize this in the form of NFT according to their calculations.
- Assume they decide to launch 100 NFT, each with one 1Th/s.
- Now, this NFT is the tokenized infrastructure of those mining farms, so if you decide to buy 1 NFT, it will generate bitcoin for you at a hashrate of 1 Th/S, which can range from a few years to a lifetime.
So these are the steps for how this is going to work.
Why do we need CUDOS Markets ?
CUDOS Markets is trying something new in the market by tokenizing the mining sector using NFTs, which will allow sustainable energy mining farms to mine Bitcoin. Furthermore, it will encourage other bitcoin mining farms to switch to renewable energy mining.
It also has a high utility for NFT buyers; if you buy these Hashrate collectible NFTs, you are mining bitcoin just by holding the NFT. which helps reduce electricity consumption because doing your own mining will cost more than holding NFT in your wallet, which will mine bitcoin for you, and also because the bitcoin is all coming from green energy sources.
Can we trust CUDOS Markets?
CUDOS Markets is not a new firm or project; it is an expansion of the CUDOS family, with the same and a few experts in the field in the crew. If you believe in CUDOS, which has been developing in the crypto space since 2017, you can trust CUDOS Markets.
What about Hashrate NFT providers?
When it comes to who can launch their NFTs on CUDOS Markets, mining farms that want to tokenize their infrastructure must go through a thorough assessment by the CUDOS Markets team. If they pass all of the testing, they are ready to go and can launch their NFTs on the market. Initially, Blockmole is offering these hashrate NFTs. You can learn about Blockmole on their official website.
More about CUDOS Markets
However, hashrate NFTs are not the only thing coming to CUDOS markets; in this article, we will examine tokenized infrastructure and discuss potential future applications for CUDOS markets.
If you want to learn more about CUDOS Markets Tokenised infrastructure, then you can also read this article:
Aside from NFT buyers, collectors, and bitcoin miners, CUDOS Markets is bringing gamers onto the platform. Gamers can compete for hashrate NFT, and there is also the possibility that a team can organise some kind of competition in which gamers participate, such as a tournament for gamers, to make mining Bitcoin more enjoyable for everyone.
