All About Moose NFTs

<p>In this episdoe of All About Crypto, Shylo and Farid take a dive into the Moose NFTs. Catch us on our<strong> </strong><a href="https://t.me/elk_finance_chat" rel="ugc noopener noreferrer" target="_blank">Telegram Channel</a> if you have any questions or comments, and also check out our <a href="https://docs.elk.finance/social-channels" target="_blank">Social Media Links </a>to stay up to date with everything Elk, as well as future Moose NFT launches!</p> <p><br></p> <p><strong>What are NFTs?</strong></p> <p>Non fungable tokens- own something on the blockchain, image is not stored there directly, though metadata that links to the file is there. You're registered as the "owner" of that image. We'll do a whole episode on NFTs at some point.</p> <p><strong>What stops me from making a copy and selling it for the same price?</strong></p> <p>Contract address verifies that it is the orginal, you can always tell based on the data on the blockchain.</p> <p><strong>What is the deal with Moose NFTs?</strong></p> <p>It is a token that will allow anyone who buys it to run a paranode, which I'll get more into later, and we've somewhat mentioned in the "All About Elk" episode. &nbsp;Basically, a Moose allows the owner to wrap 1 token (a single contract address) on the chain the Moose is on and send it to the other chains Elk is on in a wrapper. It would hold the original token in a smart contract on one chain, wrap it, burn the wrapped version when sending, and mint it on the destination chain.</p> <p><strong>Why is the moose so expensive now, didn't it use to be 600 bucks? What happened to the airdrops?</strong></p> <p>As of now, still getting 4.2 Elk per Moose per chain, but at some point, even this will be unsustainable, as the amount of chains we're on increases, the amount of airdrops increase exponentially. We weren't really making as much for liquidity for new chain launches and incentives. We feel like Elk has reached a point in the development cycle where we really have something to show, and owning a Moose is anoth