Home Finance News Celsius Network (CEL) Alex Mashinsky Contemplating on Getting into NFT Business

Celsius Network (CEL) Alex Mashinsky Contemplating on Getting into NFT Business

Celsius Network NFT Business

Alex Mashinsky recently expressed:  Should Celsius Network Get into the NFT Business?

Community response: Well, it would be interesting, but how will it be profitable for Celsius?

Why wouldn’t it be? Celsius charged a 2.5% to 5% commission on any NFTs we sell, and it’s profit for them.

However, many others felt like it is good to stay in one’s swim lane.

Others were like:  if you can liquidate them on an open market if necessary, then yes, I think this is the future for car titles, art pieces, etc.

Celsius is creating a name for itself as the leader in generating yield for its customers. Concentrate on what you do well, and don’t risk diluting your brand value by branching out into NFTs.

If there is a chance for stable yield and it makes sense as a business and community. Not Something I’m interested in at this time, but I know others are.

As long as it can generate yields for depositors, then yes! Otherwise no. NFT as a form of royalty income stream creation for the depositors, then yes.

Celsius expressed:  Introducing Rewards Explorer. A first-of-its-kind tool in the crypto-verse allows Celsians to explore funds paid out as rewards to our community.  This is the first phase of our long-term Proof of Community project, providing transparency to users.

Community response: I absolutely love the move to invest in green American Bitcoin mining! I also hyped for DOT, and hopefully, the BNB rollout can add it for US users sooner than later. Great to see you guys are investing in BTC mining. It gives confidence for the future.

It would be comforting if Celsius didn’t always change the percentage rewards for a coin after you’ve transferred coins to the platform.

Excited about the ADA addition and would love to know what interest rate we will be able to earn for sending our ADA to your wallet. Also, I would love to see Solana added as an interest-earning asset as well.

Let’s try again for the 101st time. You guys have been saying ADA, CRV, HBRAR, and YFI will be available soon. You have been saying this for quite a LONG time. Can you give us an answer already? Why is this so difficult?

Are there plans for a debit card with crypto back rewards like Coinbase and Voyager? Is there an article anywhere on the credit card and how it’s going to work for customers? I’m keen to read into it.

How did you come up with a 50 dollar promo when the referral code is 40 dollars? Newcomers will not want to take the user’s referral code because they miss 10 dollars. Users will wait for this last promo to come to an end. Not good.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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