Back

Unipeg Launches microPEG NFT Mint Backed by 0.1 uPEG

The project says users can wrap 0.1 uPEG to create a fully rendered 12×12 microPEG NFT, with trading supported through a uPEG/mPEG liquidity pool.

Summary

Unipeg announced microPEG, a new NFT product that lets users wrap 0.1 uPEG to mint a fully rendered 12×12 microPEG NFT. According to the project, the NFT will be tradable through a uPEG/mPEG liquidity pool (pooled assets for trading), and each mPEG mint removes the corresponding amount of uPEG from market circulation. The structure links NFT creation to token supply by pairing minting activity with token absorption.

Terms & Concepts
  • NFT: A non-fungible token, a unique blockchain-based digital asset that represents ownership of a specific item or collectible.
  • Liquidity pool: A pool of tokens locked in a trading venue that helps users swap assets without relying on a traditional order book.
  • Wrapping: A process that converts one crypto asset into another tokenized form for use in a specific application or ecosystem.