The massive Binance Smart Chain NFT platform Juggernaut kicks summer off with a huge NFT competition!
An NFT Popularity Competition
On June 11th, Juggernaut DeFi released a tweet saying that the DeFi NFT based protocol will be hosting a NFT competition. The top ten winners will share 5,000 JGN in prizes. The way to win is by sharing your artwork, amassing likes, and by the end date of the competition, the user with the most likes will win the contest! NFTs are digital assets / collectibles that are coded in a specific way that ensure authenticity, novelty, and scarcity.
For artists looking to sign up, they can click the link here to enter the contest. Once entered, a generated hashtag will be sent, and users with the most likes on their generated hashtag featured post will win the competition! Below is an outline of how the rewards depending on placement will work, courtesy of JGNNFT’s medium article.
The start date is June 18th and the competition’s end date is July 16th. The duration of the competition is roughly four months, plenty of time for artists to promote and rack up the likes on their posts!
The Significance of the NFT Competition
The upcoming NFT competition from Juggernaut NFT looks to be another great addition to the ever swelling collective pool of NFT excitement that looks ready to pop this summer! NFTs have become incredibly popular over the last couple of months, and big crypto players are taking notice. The Binance exchange, FTX and Gemini have all launched, or are planning on launching, their own NFT exchanges.
The Juggernaut NFT protocol looks to better establish themselves in the market amid all the exchanges ready to hit the crypto mainstream with their new NFT artist competition. It’s hard to imagine a better time to be alive if one is an up and coming NFT artist. Big platforms look ready to take center stage, while smaller platforms offer super cool prizes and rewards for staying local to them. These upcoming weeks will be jam packed with NFT excitement!
Juggernaut Non Fungible Tokens
Juggernaut (JGN) is a complete decentralized finance NFT ecosystem with full Binance Smart Chain (BSC) compatibility. The Juggernaut team has created one of the go-to BSC NFT Exchanges. Some key features of the protocol include open access, freedom of assets, and availability for anyone, anywhere. They have built an NFT infrastructure with games, collections, and their Exclusive BSC NFT Exchange.
NFTs
An NFT is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are bought, sold, and traded online, typically with cryptocurrency. NFTs have gained notoriety because they are becoming an increasingly popular way to buy and sell digital artwork. NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes.
Source : bsc.news
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