Enigma Economy NFT has been pioneering transparency and trust. The series brings a context for reinventing bare bones and introducing tangible value to the ecosystem. It is a Genesis collection of miners holding 8k Genesis picks, who are here to crack the underlying technology. The NFT pledge program connects irreplaceable tokens to real-world utility and value. All NFTs in the collection are pledgeable characters who carry Genesis picks to mine different digital assets such as BTC, ETH, and several other DAO-voted coins.

The basics of NFT projects

The Enigma Economy NFT project was founded to protect the Ether blockchain. The collection series was developed to provide opportunities for small cryptocurrency and non-homogeneous token enthusiasts to effectively compete in the Ether node ecosystem to enhance its decentralization.

The series consists of 8k hard-won miners who can diligently crack increasingly complex algorithms with picks.

In addition, the project's white paper emphasizes that the decision was not made to promote the creation of an economy with the most passion and determination to grow and expand.

In fact, together they hope to launch a revolutionary initiative that will help protect and positively impact the Ethernet complex.

How does Enigma Economy NFT work?

In the Enigma Economy NFT Genesis series, anyone can own an Enigma Miner. All pledgeable miner NFTs can be pledged on the official Enigma website, where they start interacting with the project's smart contracts every second.

After that, all hodlers will be allowed to exchange the coins obtained by NFT for their collections.

The project will also create an annual investment fund. Notably, the fund will be created from a portion of all mined cryptocurrencies, royalties and unredeemed tokens. According to the project's official website, such a fund will help scale the project each year.

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Users will not be paid in NFT native tokens, but in significant assets (such as ETH, BTC or any collection that will be mined). It is worth noting that the total amount of Ether mined will depend on the rarity of the NFT we will get, and the profit for holders will remain volatile depending on the price of ETH coins.

Focus of the NFT project

Enigma Economy NFTs have the potential to make it easier and cheaper for miners. Ultimately, the collection of NFTs has reduced the barriers to entry into the mining industry, which started in house garages and is now moving to industrial scale.

In addition, the brains behind the collection have noticed an emerging trend of NFT projects that are producing their own ERC-20 tokens to promote the idea that holding and pledging NFT can lead to passive income. The team believes that such an idea is dangerous and tricky if we consider legal liability. Therefore, the Enigma project avoids tokenization and securitization.

The inevitable corporate takeover of the ethernode network is a profit-driven process. While the price is not necessarily malicious, it will continue to undermine the self-regulatory aspects of the second largest blockchain and its security. Furthermore, the economy aims to create a network of influential nodes in an irreplaceable token ecosystem.

8000 unique computer-generated NFTs

The Enigma Economy NFT project consists of 8000 unique computer-generated collectibles. Each asset in the collection possesses a pickaxe, which is used to crack blocks within its capabilities.

The unique features of these miners include 136 backgrounds, 64 accessories, 18 avatars, 76 axes, 6 festival hats, 6 mage hats, 6 necklaces, 3 pipes, 31 round heads, 159 shafts, 6 sunglasses, 4 tiers and 2 Genesis. Meanwhile, the classes include Worker, Novice, Apprentice and Expert, while Genesis consists of V1 and V2.

It is worth noting that the only feature that affects the server capacity or hash rate of Enigma is the hierarchy. In addition, the hacking capacity, i.e. the hash rate, is defined here in multiples. Workers will have 1x, Novices 1.2x, Apprentices 1.4x and Novices 1.6x.

On the other hand, the first 3000 minted tokens were assigned V1 Genesis features. In fact, early adopters of the project will receive a +5% hash rate as a bonus. Meanwhile, tokens minted between 3k and 4.2k will be assigned V2 Genesis features. However, V2 holders will not receive any additional boost.

According to some calculations, holders of these NFTs may be able to earn passive income based on the price of Ether. If the price of ETH is around $2,000, holders will be able to earn 1/4 of the low end of that, or $1,000 per year, through NFTs.

However, this does not seem like a bad potential investment idea. That said, holders should keep in mind that the industry is still in its infancy and highly volatile, so users should not always expect the best. Nonetheless, there is still plenty of room for the industry to grow.

According to NFT Stats, the average price of the series over the last 7 days at the time of writing is $875. The last NFL of the group sold for $3574, Enigma #7950.