Tasty Airdrop from Online Restaurant SMILEFOOD WIN 100 culinary NFTs
Tasty Airdrop from Online Restaurant SMILEFOOD  WIN 100 culinary NFTs
Sep 01, 2022 - Sep 08, 2022
Marketplace: Solanart Solanart
Blockchain: Solana Solana

Masata is an NFT project that combines food, gaming, and cryptocurrency. The project aims to revive ancient recipes from around the world and offers various opportunities for its NFT holders, including live cooking sessions, playing COOK2EARN to earn SMILECOIN, getting discounts on food from SMILEFOOD, and participating in special gaming events to win prizes and NFTs. The project also features a DAO community where members can contribute to the development and mechanics of the project.

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Explanation of the Key Terms

NFT

NFTs provide digital content creators with a new avenue to monetize their work by enabling them to sell it directly to their fans. Additionally, NFTs address the issue of ownership and authenticity in the digital realm. The blockchain allows for verification and tracking of ownership, ensuring that the original creator receives appropriate credit and compensation. As more people become familiar with this technology, the potential applications for NFTs will continue to evolve and expand.

Crypto

Cryptocurrency, or crypto, is a digital currency that uses cryptography to secure and verify transactions and control the creation of new units. Decentralized and independent of central banks and governments, cryptocurrencies can be used globally. Mining, where powerful computers compete to solve complex mathematical equations to verify transactions and add new blocks to the blockchain, is often used to create new cryptocurrencies. Like traditional assets, cryptocurrencies can be held as investments, traded on exchanges, and used to purchase goods and services.

DAO

DAO, short for Decentralized Autonomous Organization, is an organization that operates based on smart contracts and runs on a blockchain. It is a community-driven entity that aims to provide a decentralized way of making decisions and running an organization without any centralized authority. DAOs are governed by token holders who can vote on proposals and contribute to the organization's decision-making process. The transparency and immutability of the blockchain make it an ideal platform for DAOs to operate on, as it ensures that all transactions and decisions made are secure and cannot be manipulated. DAOs have the potential to revolutionize traditional organizations and create new forms of collaboration and community-driven decision-making.

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