Meteorites NFT platform

Meteorites Finance
2 min readAug 23, 2021

What is NFT?

NFT stands for Non-fungible token.A digital artifact that reflects real-world assets such as art, music, in-game goods, and videos is known as an NFT. They’re purchased and sold digitally, sometimes with cryptocurrency, and they’re mostly encoded with the same program as many other cryptos.

Even though they’ve been around since 2014, NFTs are gaining in popularity as a more common way to purchase and sell digital art. After November 2017, a staggering amount has been invested in NFTs.

What lies ahead?

We want to apply our deep experience in launching tokens and creating markets to the NFT space. After the launch of Meteorites, the team will focus on building an NFT platform, along with the Dapp used for yield farming, launching NFT assets with characteristics of Meteorites Finance and strong unique narratives. Besides, the NFT platform we intend to build will emerge as a marketplace to trade those assets.

NFT mechanism

We have created thousands of meteorites or asteroid blind boxes that can be bought with MTE, the unique token within Meteorites ecosystem, each bearing a certain probability of winning unique NFTs, which are based on the open standard of ERC721. The NFTs can be used for trade, collection, as well as yield farming.

There’ re three types of NFTs in blind boxes:

1. 100 top class meteorites

The probability of winning: 0.3%.

2. 9900 medium class asteroids

The probability of winning: 3%

3. 40000 low class asteroids

The probability of winning: 30%

The rest will be empty boxes with nothing inside.

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