Psychedlics Anonymous holders are now able to stake their NFTs to "unlock rewards and gain access to new items" according to the team's recent Discord announcement.
Users will be staking their NFTs to enter what the project is calling "Mycelia."
To enter the newly created realm holders must stake a Genesis, Psilocybin, and Component 1 from the Psychedelics Anonoymous collections.
On top of the staking announcement, the team also shed light on the some of the details for the upcoming utility token for the project $PSY.
Each time a wallet was captured in a snapshot by the team, the wallet gained a higher allocation of $PSY that they will be able to claim at a later date.
Users will also be able to level up while in "Mycelia" and receive extra $PSY through leveling.
Author Bio
Cameron Ciletti
Cameron Ciletti is an NFT Analyst for Lucky Trader with over four years of writing experience ranging from fantasy sports to NFTs.
Cameron is very keen on CC0 NFTs as he believes free usage rights aligns with the values of what Web 3 is trying to accomplish.
Cameron is also a big advocate for mental health awareness as he has Bipolar disorder and wants others to know they are not alone in their struggles with mental health.
Outside of NFTs, he enjoys playing the board game Catan competitively and the video game Rocket League.
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.
