Helium Zodiac-Themed NFTs Available Only A Few More Days

Only days remain before these short-run NFTs are permanently sold out.

By
John Tunney
on
June 13, 2021
Category:
Breaking News

Zodiac NFTs

On June 4th, the innovative Helium team announced that they have unveiled the Helium Zodiac, a collection of 12 pieces of NFT art associated with the animal names of hotspots from their reserve stock. The auction has been live since June 4th via Metaplex.  A key feature from the NFT drop is that all proceeds will be donated to GiveIndia for COVID relief. 

Source

The NFT drop is visually stunning, with bids floating between $500 - $1000 for each NFT. There are only a few days left to bid, so if you are interested be sure to check out the auction!


What is Helium? 

Helium is a decentralized wireless network that allows low-power smart devices to send and receive data to the internet. Miners earn HNT (Helium’s native token) for providing network coverage and relaying data to the internet using hardware called a Hotspot. In other words, by providing WiFi, users get rewarded with crypto! 

Miners use hotspots which provide miles of wireless network coverage for millions of devices using Helium LongFi. For providing WiFi, users are rewarded in HNT.  Because of an innovative proof-of-work model, which they like to call “Proof-of-Coverage”, a user's Hotspot only uses 5W of energy. The model is unique because it rewards users for providing hotspots for the network, giving it utilitarian functionality.

Concluding Thoughts

The recent NFT launch from Helium is sleek and visually intriguing. Although Helium is known for their blockchain work,  it signifies that NFTs may become a greater focus for the project.  If this is the case, it could be massive for Solana, as NFTs are an exploding market, and with some of the cheapest transactions and best security compared to other protocols, Solana could capture a tremendous share of the NFT market space. 

The NFT drop will also help raise money for charity, another powerful use case of crypto that has only recently been explored. This unique event is completely positive in terms of potential outcome for the Helium platform, and shines a light on the power that crypto could grant charities.

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John Tunney

John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance.