NFTStrategy, a new hybrid project combining NFTs and DeFi, has achieved a total value locked (TVL) of $210 million, with a daily trading volume of $10.7 million. Launched by TokenWorks, the project employs a 'perpetual engine' model, allocating 10% of each token transaction to buy and sell NFTs. The proceeds are used to buy back and burn tokens, contributing to the project's rapid growth. Leading token $PNKSTR has surged 22.7% in the past 24 hours. Despite its success, the model faces risks such as dependency on trading volume and potential price bubbles.
NFTStrategy's 'Perpetual Engine' Model Reaches $210M in TVL
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