Sleep to Earn allows users to make money by sleeping as an alternative to playing games and completing in-game tasks. There has been a “new wave” that has re-ignited the crypto market’s popularity and diversification.
The Psychology Behind Sleep-to-Earn
Unlike the original Play to Earn model, Sleep to Earn is a more advanced variation of the concept. Sleep to Earn allows users to make money by sleeping as an alternative to playing games and completing in-game tasks. There has been a “new wave” that has re-ignited the crypto market’s popularity and diversification.
The longer a player sleeps in the Sleep to Earn format of the Play to Earn platform game, the more money they will earn. The game is so appealing if the sleep is bringing money about that just listening to it is enough to make you want to play.
Non-crypto sleepers are less sensitive to token prices, therefore the game’s economy may be more stable in a bear market. If there are enough non-crypto sleepers, the continual inflow will allow the Sleep2Earn game seamlessly transition to the next bull market.
What Have We Learned About NFTs Project During The Bear Market?
This year, Bitcoin and Ethereum, two of the best-performing assets of the past decade, are trading around 60% below their all-time highs.
Furthermore, as we’ve seen this month, the market always self-corrects, and fraudulent initiatives fail (LUNA as an example). If the bull market is a street party, the bear market is the power washer that comes through the next morning to clean up the leftover waste and filth.
Bear markets, on the other hand, play an even more vital function in the crypto industry: they are when the greatest and most successful projects are formed.
This brings up another intriguing historical lesson. In 2021, the previously unknown artist Mike Winkelmann (better known as Beeple) sold his painting Everydays: The First 5,000 Days in a Christie’s auction for a stunning $69 million. However, the first NFTs were launched near the close of the 2017 bull market, with projects such as CryptoKitties and Cryptopunks.
Over the next two years, when the price of Bitcoin plummeted by an unfathomable 85 percent, most people, including crypto industry professionals, forgot about NFTs. However, a tiny minority of enterprising entrepreneurs did not at the time. They constructed a proof of concept for an NFT marketplace in the summer of 2018 and raised money for their business at a $8 million valuation.
For the following three years, this team quietly and methodically created their platform in an obscure part of the crypto industry that few knew about and even fewer cared about. Then Beeple’s sale electrified the world, and the modest platform, now known as OpenSea, found itself atop a tidal wave. The company received funding earlier this year at a valuation of more than $13 billion, representing a whopping 1,600x return in less than four years.
This is the type of opportunity that cryptocurrency investors should look for. Not the newest DeFi ponzi scheme or celebrity-endorsed NFT dump, but truly innovative and scalable technology that will enable the next generation of the digital asset market.
SleeFi: A Web3.0 Lifestyle Application On Avalanche That Helps People Have Better Sleep Quality
SleeFi is a Web3 lifestyle application that focuses on one of the most important aspects of daily life: sleep. An innovative idea aimed at the concept of sleeping and earning is being built. NFTs in the shape of a bed are used by users. When a user goes to sleep, they are rewarded with tokens that can be utilized in the game or exchanged for money.
SleeFi’s new concept seeks to help millions of people improve their lifestyles.
There are three tokens that make up SleeFi: BED (the Non-fungible Token (NFT) that governs the algorithms of the platform; the SleeFi Game Token (SLFT), and the SleeFi Governance Token (SLGT). The primary reward token is SLFT. Based on the quality of their sleep while using the app, users are rewarded with SLFT. SleeFi’s NFTs can be improved by trading SLFT. SLGT is the SleeFi DAO’s governance token, allowing users to vote on proposed changes and participate in the DAO. It can also be traded and used to upgrade NFTs.
Rewards For Holding NFTs
SleeFi NFTs are more than just owning a piece of art, they are being part of a community, where a culture has been created, and culture creates a following. Like your typical pieces of art, SleeFi NFTs are collectible digital assets that actually hold value.
By holding multiple beds, users can increase the daily cap limit of SFLT and increase their daily acquisition.
There are up to 30 bonuses available when using the Bed. Users can’t get any further benefits if they’ve reached the cap. The more beds they have, the more SLFT they can earn. Having 30 of these magnificent NFT can raise the SLFT earnings by up to 30%.
Official Website: https://sleefi.com
Telegram (announcement): https://t.me/+JoUIhyiTgflkYjA1
All information on the article is for reference only, this is not investment advice. Hopefully, the information that Avaxholic has gathered in the article will be useful to you.
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