🖼️ Magic Yearn NFTs

Users can draw their own NFTs and mint them using either myINK or myFreeINK tokens (1 token is needed to set 1 pixel).

myNFTs are all different where every picture creates a hash that can only be used once - therefore, the combination of these pixels is unique. Whether the myINK is free or not, the tokens get burned by minting an NFT, completely eliminating the hash from existence 🗙

Burning the NFT will provide users with staked MyS, where the amount depends on how much myINK was used to create the picture.

Example:

Assume 10 MyS tokens are staked and there are 2 NFTs (1 from Alice with 90 pixels and 1 from Bob with 10 pixels). If Alice burns her NFT, she’ll receive 9 MyS - if Bob does the same, he’ll receive 1.

Also you are able to create your own collections. Here the principal FIFO will take place. If your chosen collection name is already in use you can’t use it. But also your wallet can create more NFTs for the same collection if you were the first who used this name.