financemagnates.com
Bybit cryptocurrency exchange partnered with the MIRL project, a decentralized fashion company that was created in the metaverse. Through the partnership, the MIRL project will gain exposure to Bybit's clients, well above 5 million traders.
The crypto exchange will also promote the 'FashionFi' movement. The MIRL project is attempting to bridge between the virtual and real world in the fashiopn industry.
Bybit purchased 1,111 non-fungible tokens (NFTs) from the genesis collection that will be launched on 10 March. The 1,111 NFTs that were bought will be distributed to selected traders in Bybit.
MIRL NFTs are based on the Ethereum blockchain.
Ben Zhou, CEO of Bybit said, "Bybit is keen to support the FashionFi movement. "MIRL is a great partner for us because we share similar values such as ethical products like slow fashion to unify sustainability with ethics and creating next level NFT and metaverse projects."
NFT Holders Enjoy Staking Benefits
MIRL NFT holders will benefit from 6.88% APY on Ethereum via flexible staking for 30 days on Bybit. Receiving exclusive benefits in crypto staking by holding NFTs is a fairly new concept in crypto exchanges.
Joanna Lim, founder of The MIRL Project said, "We are thankful to Bybit for giving our NFT community exclusive privileges within their platform.
"The idea of NFTs enjoying staking pools on centralized exchanges has never been done before, and this shows Bybit's commitment to the MIRL community and their out of the box thinking in terms of providing value to our community."
Aside Bybit, MIRL also partnered with Solanium, Mintable, CRC Capital and others. Breaking the barrier between the real world and the metaverse is a challenging, which is what the MIRL project is striving to achieve.
MIRL NFT drop is expected to take place on 10 Match 2022. The outcome of the NFT drop may indicate the demand for the art project.