Asset-backed NFT Platform ‘OpenDeFi’ ($ORO) to merge with collaborative wealth creation platform ‘UniFarm’ ($UFARM) – EIN News

OpenDeFi will be absorbed into UniFarm to create a single ecosystem offering services like staking, lending, AMM, along with NFT, Metaverse all in one place.

With the merger, the utility token for both companies will also merge into one with $UFARM being the sole utility token and $ORO holders can claim $UFARM token at”

— Mohit Madan, CEO & Founder, UniFarm

SINGAPORE, March 30, 2022 / — NFTs have been the most buzzing word in the blockchain and crypto space in 2021 marking a whopping $44.2 billion industry and the trend ain’t stopping anytime soon. Realizing how NFTs are evolving by the day, global collaborative wealth creation platform ‘UniFarm’ with native token $UFARM announced that it is going absorb asset-backed NFT platform ‘OpenDeFi’ with native token $ORO to access a wider audience catering to both NFT and crypto ecosystem.

Founded in 2021, UniFarm is a group staking platform that allows users to maximize their returns on their tokens and allows projects with a new token to be able to grow their tokens. Supporting chains like BSC, ETH, Polygon and AVAX, UniFarm provides investors and DeFi projects to create value by allowing them to stake one token and farm numerous other tokens hence increasing their returns and diversifying their portfolio. Whereas, OpenDeFi is a platform that encourages tokenization of real-world assets, providing financial services in a decentralized mechanism, and also enabling the community-based development of early-stage DeFi projects through its DAO ecosystem. It aims at contributing to the developments of the DeFi ecosystem in an innovative way for wealth creation as it allows global trading and at the same time earning interest on tokenized assets.

Growing at 70% on a Month on Month basis, UniFarm, with this merger, aims at creating a wider ecosystem that caters to the strengths from both platforms all in one place. Since, both OpenDeFi and UniFarm have a common aim of wealth creation but in different directions; UniFarm with this merger, intends to revolutionize NFTs by harnessing the power of collaboration with asset backed group NFTs. UniFarm intends to harness the technology behind NFTs to enable holders exclusive access, and collaborative community building, with significantly improving the experience of buying, minting, and selling NFTs. Looking at UniFarm’s social posts, we learn that the NFTs are soon to launch and are on the lines of the Bored Ape Yacht Club trend – learn more.

With the merger, the utility token for both companies will also merge into one with $UFARM being the sole utility token. With the merger, $ORO holders will be able to claim $UFARM token at UniFarm’s site-

Commenting on the merger, Mohit Madan, CEO & Founder, UniFarm said, “Both UniFarm …….