Bi-Weekly Wrap Up #3
Welcome back to another edition of the bi-weekly wrap up hosted by the NFTY Ecosystem.
The final month of 2022 is here, and what a year it’s been for NFTY! From launching SocialPass and hosting our first NFT ticketed event to moving into the NFT-DeFi sector with NFTY Finance. It’s been a busy year of growing and building, and 2023 is going to be even bigger, but the year isn’t over just yet. Just like the last edition, updates with changelogs encompassing the SocialPass and NFTY Finance products will be detailed out below, as well as some teases for a few upcoming programs.
So, let’s hop in!
SocialPass Update
As mentioned before, SocialPass officially hosted its first event on the November 11th, 2022. The event in question was the biggest NFT event in all of Africa — NFT NG. We are very happy to report that the event was perfectly handled, without any problems or issues!
One great thing about this event was that our platform was used by hundreds of actual users who interacted with the organizer dashboard, checkout, and scanner applications. As such, we have been able to gather a lot of great feedback, and the main goal of this sprint was to address this feedback and polish up our product for general release to handle even more events.
A couple of the main new improvements can be found below along with checking out the official changelog to see everything being worked on.
Improved event details page and link sharing with proper SEO support
Add checkout timer in the checkout app
Set up architecture for a new tickets download page that’s OTP gated, and supports Google and Apple wallets (along with regular PNG ticket downloads) (this is coming in the next sprint).
NFTY Finance Update
As you will be able to see with this newest changelog, NFTY Finance is progressing rapidly and is ultimately coming out.. wait I can’t spoil anything too major here!
Below you will see a couple of improvements being made, as well as some key sentences that will more than likely stand out. The key objective of this sprint was as follows, “Work on the changes of the contracts related to APY and loan durations, and make a testnet deploy on Goerli.”
Implementation of loan fixed durations (30, 60, 90 days)
Change APY for interest flat rate
Started with the implementation of the new design for loan payment
New screen for NFT collection explorer implemented
With all of the above, the final touches to NFTY Finance’s UI/UX are being made to ensure the platform works wonderfully and looks amazing. We’ve got some big news coming on the horizon so make sure to stay tuned to all things NFTY so you don’t miss it!
NFTY Token Update
As we know, the NFTY token is the backbone of the NFTY ecosystem and the NFTY community. On top of the utilities coming along with the NFTY token such as handling all fees on the NFTY Finance platform and being integrated into the SocialPass platform as a crypto payment option, we have a few cool programs coming out to give back to the community and help drive new ways of growth.
One of the cool things you will see coming out with the launch of NFTY Finance is the launch of a NFTY questing system. With the help of CREW³, the NFTY community will be able to take part in all sorts of new quests to rank up on the leaderboards and gain their shot at some NFTY token rewards!
This is just one of the methods we have coming to help grow the NFTY ecosystem, and we would also love any feedback or ideas from you all on things you would like to see in the NFTY community.
And as always, following the bi-weekly wrap ups the NFTY team will be hosting its bi-weekly chat inside the NFTY Discord where news will be discussed and any community members can hop in to listen, chat, and ask any questions they might have. We want to give a huge shout out to all of our awesome community members as always, and we look forward to ending 2022 strong and starting 2023 even stronger!
