“The Greedy Machines,” a unique NFT project, was just released by GMT. The new initiative is different from most NFT collections because it has a collection of photos of mining rigs that are powered by processing power.
GoMining Token (GMT) announced the release of “The Greedy Machines,” a group of tokens that can’t be exchanged for cash (NFTs). GMT’s news release says that the collection tries to “show the idea of an NFT from a completely different angle by making an NFT art project: a set of images of mining machines supported by computational power.”
With this new method, users can trade GMT tokens for NFTs “in the shape of a miner,” which are powered by computer power and give users BTC incentives. According to the project’s whitepaper, the minimum amount of BTC that can be given out is 0.00001 BTC. Smaller amounts will add up until the minimum is reached.
“Each NFT in The Greedy Machines VOL 1 is set up with computing resources that can be used for mining. Each NFT can get stronger as the team releases new collections and as the person who owns it plays games on their own account.
Greedy Machines Whitepaper
GMT says that the main goal of the Greedy Machines project is to bring the community together. So that this can happen, the initiative lets people who own NFTs invite their friends and get more Bitcoin rewards for each one. Participants can also get extra bonuses for maintaining equipment and doing other things.
What does the GMT Token mean?
The Greedy Machines came out more than a year after GoMining released its native GMT coin, which was meant to solve problems with crypto mining like expensive mining equipment, high power consumption, and carbon emissions. To do this, the token uses real processing power. Even though it represents an asset, the supply capacity of each GMT means that users can mine Bitcoin forever.
The GMT token helps users save money and use less power, and it also lets miners make money. This is possible if the price of GMT tokens goes up and the team releases more capacity and tokens every week to meet these needs.
Greedy Machines comes out at a tough time for the NFT market, which has seen a big drop in activity in the past few months. Investors tend to stay away from risky assets, which makes it hard for new NFT projects to do well.