- Intellabridge Technology (INTL) has announced a partnership with LunaBulls and Terra Cards to create utility NFTs
- With this partnership NFT owners will hold distinctive benefits with utility value on the Kash DeFi platform
- Both NFTs will be available the week of October 25, 2021
- Intellabridge Technology is a digital bank based on blockchain technologies
- Shares in Intellabridge Technology Corp. (INTL) are up 1.27 per cent, trading at $0.80 per share
Intellabridge Technology (INTL) will work with LunaBulls and Terra Cards to create the first utility NFTs in the Terra ecosystem.
Terra Cards is a collection of 600 NFTs representing various projects within the Terra Ecosystem, including Intellabridge’s Kash DeFi platform.
Prior to this partnership, all NFT projects have been primarily representations of ownership in digital artwork; however, with this partnership, NFT owners hold distinctive benefits with utility value on the Kash DeFi platform.
LunaBulls has created more than 10,000 unique profile picture (PFP) artworks whose ownership is recorded on the Terra blockchain. Now, Kash has created a special edition Kash LunaBull NFT that will enable the holder to automatically receive lifetime Diamond status on the Kash platform.
John Eagleton, CEO of Intellabridge, commented,
“We see NFTs as much more than just a collection of digital artwork. We view them as digital utility assets providing value to Kash customers and network value to the Kash ecosystem.”
The Terra Cards NFT project was created in large part as a charity initiative, with half of all proceeds being donated via Angel Protocol.
Owners of any Kash Terra Card NFT will receive lifetime gold status on the Kash DeFi platform, with higher savings rates, increased token rewards for savings activity, and higher cashback rates for debit card transactions.
Both NFTs will be available the week of October 25, 2021.
According to Forbes, NFT sales topped $1.2 billion in July 2021. Venture capital firm Loup Ventures estimates the total market size of NFTs to be worth over $1 trillion.
“We believe that the future of NFTs is in their utility value,” said Mr. Eagleton, “and these partnerships reflect the potential of NFTs to provide meaningful benefits for NFT owners.”
Intellabridge Technology is a digital bank based on blockchain technologies.
The company’s Kash product features DeFi interest-bearing savings accounts, stablecoin checking, fiat-crypto on-ramps, synthetic stock, ETF and commodity investing, NFT powered rewards platform, and other DeFi banking services.
Shares in Intellabridge Technology Corp. (INTL) are up 1.27 per cent, trading at $0.80 per share as of 9:41 am ET.
