Leading Web3 social app Phaver kickstarts its on-chain economy with Phaver-Up NFTs

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Leading Web3 social app Phaver kickstarts its on-chain economy with Phaver-Up NFTs
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Phaver, the leading social app on Lens Protocol, has announced a new way to reward some of its over 50,000 weekly users with the first native on-chain rewards, the Phaver-Up NFTs

. These “Phaver power-ups” have utility built into Phaver’s gamified social system and will also reward some of the early users holding it with preferential access to future launches.

The Genesis Edition of Phaver-Ups has been capped at 2000 free, tradeable, ERC-721 NFTs, available on Polygon in cooperation with Magic Eden. The distribution will happen in a series of weekly whitelists on Magic Eden, as well as airdrops to key contributors and winners of weekly Phaver Points-based auctions, which will provide the first opportunity to redeem the in-app currency for rewards outside the app.

In the first phase, Phaver has been honing our in-app gamification to be highly resistant to bots and farming, and now we are ready to start rolling out on-chain reward mechanisms with full custody and liquidity, starting with the Genesis Phaver-Ups to reward early believers, says CEO of Phaver, Joonatan Lintala.

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