Blind Boxes x Charged Particles Collaboration: Earn yield on your NFTs

One key question we keep hearing: what cool things can I do with NFTs after I get them? While there are many answers to this, we see the…

Blind Boxes x Charged Particles Collaboration: Earn yield on your NFTs

One key question we keep hearing: what cool things can I do with NFTs after I get them? While there are many answers to this, we see the ability to put an NFT to work and earn passive income as a compelling option.Today we are excited to announce a partnership with Charged Particles, an innovative project that enables users to transform their NFTs into yield earning assets.

How it works

Charged Particles layers unique DeFi interest-generating mechanisms onto the world of rare digital assets. The Charged Particles Protocol integrates with lending and borrowing protocols like Compound and Aave while enabling an NFT to be wrapped in a basket with ERC-20 as well as other ERC-721 tokens (NFTs). This new bundle has yield earning capabilities. Through this seamless integration, Charged Particles creates interest-bearing assets with a scarce NFT attached.

Says Ben Lakoff, CEO Of Charged Particles:

“We are NFT agnostic and very soon users will be able to lock virtually any ERC token inside an NFT. The possibilities are really endless. At present, any ERC-20 token is ready to be loaded, but we are scaling our services to include ERC-721 tokens really soon too”.

Besides adding interest capabilities, users can select Time Lock, a feature that prevents an NFT from being withdrawn for a certain period. They can also discharge the yield to addresses belonging to charity, friends, or artists they want to support.

Charged Particles x Blind Boxes Collaboration

Our community has several options with regards to ‘charging’ their NFTs:

Branded Blind Box Collections

Users can shop from Charged Particle Blind Box Collections. Inside these pools will be Protons, Charged Particles’ existing interest yielding NFTs. As with all collection purchases, users also get BLES tokens when they purchase from this collection.

Charged Secondary Marketplace

Through a portal on our dApp, Blind Boxes users can dive directly into the Charged Particles ecosystem. Here they can bring new life to the NFTs they just unboxed on the Blind Boxes platform. For example, users can pool NFTs plus BLES tokens into a charged bundle. They can hold this bundle and earn interest or even resell them on various marketplaces to earn a profit.

Says Anita Moore, co-founder & CEO, Blind Boxes:

“For the BLES community, the ability to earn yield on the NFTs they retrieve from Blind Boxes is huge. This combined with the potential to charge BLES tokens themselves, will unlock layers of value for our community. NFTs as an asset class are evolving rapidly. We are elated to partner with forward-thinking projects like Charged Particles. ”

About Charged Particles

Charged Particles is a protocol that fuses DeFi and NFTs. It allows users to do more with their NFTs by allowing them to transform it into a basket containing other ERC-20 tokens, even other NFTs. After depositing a primary asset (e.g. DAI) into their NFTs, the protocol converts it to a yielding asset (e.g. aDAI). Principal & interest from the deposit asset is then locked into the NFT. The Principal amount can also be time-locked inside the NFT, and through an integration with Aave’s aTokens, programmable yield from these DeFi yield-generating assets is just a few clicks away.

About Blind Boxes

Blind Boxes is a gamified curation platform and launchpad for NFTs (non-fungible tokens). This highly scalable dApp enables brands and creators to diversify their revenue streams, increase the liquidity of their creative assets, and to become leaders in decentralized global economies, while engaging fans and buyers to discover and collect rare, limited edition NFTs.

Via the Blind Boxes Marketplace, buyers experience the thrill of time-released curated NFT collections. Here collectors unlock sealed packages of exclusive items, curated by tastemakers across the arts, music, & entertainment. Curation is at the core of our value proposition. The platform offers a commission structure that incentivizes independent contributors to produce bespoke blind box collections that feature top-tier talent and emerging artists and designers from around the world.

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