Arcade airdrop is scheduled to take place next week and the digital collectible ecosystem is already looking forward to the giveaway.
Arcade Airdrop to Go Live in Days
Ethereum-based Decentralized Finance (DeFi) protocol for Non-Fungible Token (NFT) lending, Arcade, is looking forward to the next airdrop of ARCD tokens. The Arcade airdrop is scheduled to be held on February 21 and the said date, 750 ARCD tokens each will be distributed to 4,000 lucky collectible owners who hold certain pre-selected NFTs and Bitcoin Ordinals collections that are frequently used as loan collateral on Arcade.
First, about 2,000 wallets that hold digital collectibles like Pudgy Penguins, Lil Pudgys, and Sappy Seals will also be randomly selected for the airdrop’s allowlist. Another group of NFT holders who will be eligible for the Arcade airdrop are those with either Solana-based Mad Lads and Tensorians NFTs, or Bitcoin-inscribed Ordinal collections Bitcoin Puppets, NodeMonkes, and RSIC.
Up to 2,000 lucky wallets holding these NFTs will also be selected randomly for the whitelist for the airdrop. Altogether, the potential winners of the Arcade airdrop will receive 3% of the total supply of the ARCD token which will be around 3 million. Winners have only two hours to claim their ARCD tokens after the raffle has been completed.
Unclaimed spots will be made open to other holders of the NFTs and Ordinals although it would only be on a first come first serve basis. Two days before the stipulated date for the Arcade airdrop, its snapshot will take place.
Meanwhile, it is worth noting that there is a geographic restriction on this particular giveaway. Therefore, users in countries like the United States will not be allowed to partake in the Arcade airdrop.
Arcade Eyeing Cross Chain Expansion
Before now, Arcade conducted a huge percentage of its business on the Ethereum network, plus its native token ARCD is Ethereum-based. Looking at the diversification of the airdrop across several blockchains, it suggests that Arcade may be considering expanding its presence on Solana and Bitcoin as well.
Arcade co-founder Robert Masiello claimed that the company is a fan of all of these communities. Amidst the airdrop and utilization of these networks, Arcade is mulling the idea of establishing its protocol on one of these networks in the near future. If this eventually happens, Arcade plans to support the potential blockchain with its lending offering.
All of these activities suggest that the NFT ecosystem is gradually evolving and heading to greater heights with Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) recently unveiling the acquisition of Proof, the creator of Moonbirds
This news is republished from another source.
