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The NFT space has been one of the fastest growing crypto markets, with experts predicting that the current $3 billion market size will reach $13.6 billion by the end of 2027. Crypto investors have joined in on the hype and turned to the NFT market because it’s so lucrative, especially for big projects like CryptoPunks, Bored Ape Yacht Club (BAYC) and Axie Infinity. However, due to crypto’s volatility, many investors are unsure which projects to invest in. If you’re looking for an NFT that has a unique value proposition, consider Angola, the latest platform to join the space. What sets it apart is its support for creators, ensuring that they have both full ownership over their content and proper profit distributions.
Ready to find out more about how Angola is improving the NFT space? Read on, as we take a look at Angola and its unique NFT Camera.
Angola is an NFT infrastructure built on blockchain to alter the dynamics of the current NFT market space. Designed to improve the way profits and ownership are distributed, Angola has created an easy way for users to generate NFTs from their everyday lives and earn a reasonable profit.
Once the NFT Camera beta service launches, users can download the Candy Camera app, a widely-used camera and photo editing application, on the Apple App Store or the Google Play Store and start taking photos with the NFT Camera function. Every time you take a photo, you’ll earn CRRT tokens.
Candy Camera has over 200 camera filters and more than 30 image editing functions to help you edit photos for high-quality editing and content. There’s even a real-time face corrective function, which allows you to retouch your face on-demand. General editing functions award users with CRRT tokens, while special editing functions burn a number of the user’s CRRT tokens.
Once you’re satisfied with the photo you’ve taken, you can proceed to mint it as an NFT. Note that a certain number of CRRT tokens will be removed from your account upon minting. If you have an existing photo in your gallery, you can also add it to the Candy Camera App to mint it as an NFT. After the NFT minting process, the NFT photo is assigned a badge which determines its NFT stats.
Post the NFT you’ve just minted to the NFT Gallery, and you’ll earn AGLA or CRRT tokens once it’s picked by other users. After you reach a certain number of Picks, your NFT photo qualifies for submission into Angola’s NFT Marketplace.
Every NFT Camera comes with varying levels of characteristics:
Speed: Faster printing of photos
Rewards: Acquire more CRRT tokens
Battery Efficiency: Slower battery consumption
Luck: Increased chances of acquiring high-rank badges
Reward+: Acquire more AGLA tokens
Functions: More camera filters and functions
You can upgrade your NFT Camera level from 0 to 30 by fulfilling requirements, such as taking more photos and issuing more NFTs.
In order to mint an NFT Camera Box, you need to have CRRT tokens, and two Camera NFTs at a certain level. Alternatively, you can also choose to purchase an NFT Camera Box on the Angola NFT Marketplace. The types of NFT Camera Box and NFT Camera you have determine how many CRRT tokens you receive upon snapping a photo, as well as the types of functions available for use within the Candy Camera app.
If you’d like to earn more stats and rewards, you can consider synthesizing your NFT photos with Frame NFTs. Note, however, that you have to meet a certain NFT Camera level and spend CRRT tokens in order to mint the Frame NFT.
The app contains weekly and monthly missions for users to complete in order to earn CRRT tokens. Some of the missions include taking five photos, liking three photos, and minting two NFTs. Simply perform these steps, and you’ll notice your wallet’s CRRT balance increase.
If you’re looking for another way to earn CRRT tokens, you can head over to the Challenge tab and participate in the various themed challenges by submitting the NFTs you’ve minted, according to the theme. For instance, some of the themes include travel and fashion. This challenge is a great way for users to unleash their creativity through their photos. Note that you can participate in a maximum of three challenges at one time, so be sure to choose your challenges wisely.
Once you’ve submitted your entry, you can proceed to vote for other users’ NFTs. After the challenge’s deadline has passed, the user with the most likes on their NFT will win attractive rewards, such as 100,000 CRRT tokens.
Winners of challenges can also choose to sell their NFTs at the end of each challenge at a much higher price than normal NFTs, thus raking in a higher profit.
You can use the Angola NFT Marketplace to earn profits from the NFT Cameras and photos that you obtain through in-app activities. For example, list your NFTs on the Angola NFT Marketplace after they’ve received a number of Picks from other users. Your NFT is deemed registered once it’s accepted into the NFT Marketplace. As the creator, you’re free to set the price for your NFT. Alternatively, you can opt for an auction sale. A portion of the sales revenue will go toward the Angola ecosystem and the users who’ve picked your content.
The Angola Wallet supports both the Ethereum AGLA token and the Solana AGLA token. Users can swap tokens from one chain to another, provided the Angola ecosystem supports them.
The Angola Wallet is also where you can view your past transactions, as well as NFTs you’ve minted and own.
CRRT is obtained through participating in various activities within the Angola ecosystem. It acts as the platform’s Take to Earn reward. Specifically, users reap CRRT rewards when they take photos using the Candy Camera, view ads, complete missions and events, participate in challenges, and mint Camera NFTs and Camera Box NFTs. This creates a reward cycle, as CRRT can be swapped for AGLA tokens to purchase NFTs.
A portion of users’ CRRT tokens are burned when they mint photos they’ve taken, Camera NFTs and Camera Box NFTs.
AGLA, the main platform tokens of Angola, are based on the ERC-20 standard. You can earn AGLA by completing activities and selling your own NFTs, or purchase them through Bybit.
As the platform’s primary utility token, AGLA are used to:
Vote for proposals with an impact on the future of Angola
Purchase NFTs on the Angola NFT Marketplace
Mint NFTs to engage in community activities
Be rewarded for participating in community activities, challenges and NFT popularity contests
Now that we’ve looked at Angola’s foundations and how it works, let’s explore its tokenomics. There’s a total supply of 3 billion AGLA tokens, with 33% reserved for powering the ecosystem, 30% allocated to rewards, 15% to the founder and team, 11% to public sale, 8% to private sale and 3% to the project’s advisors and contributors.
In case you’re concerned about inflationary pressure on the value of AGLA tokens, you’ll be glad to know that AGLA tokens — just like CRRT tokens — are burned in order to mint NFTs. The amount burned will be determined by governance. Of course, there are also various types of token utilities for the AGLA token to ensure that its value increases over time.
One use for AGLA tokens is to purchase NFT Cameras and NFT Camera Boxes on the Angola NFT Marketplace, in order to earn higher stats and rewards. These, in turn, produce a better NFT badge for each NFT photo that you mint, so that NFTs that can command a higher number of AGLA tokens. This creates a cycle that maintains the long-term supply of AGLA tokens.
Ready to start earning profits from photos of your everyday life? Start investing today at Bybit Launchpool, where 7.7 million AGLA tokens are ready to be earned through committing BitDAO (BIT) tokens.
Angola is an exciting NFT project, thanks to its unique proposition of turning aspects of everyday life into profitable NFTs. It challenges users to take creative photos and sell them as artworks, and rewards them for completing various activities and challenges. Creators can earn a reasonable profit from their NFTs, while investors will be satisfied with the AGLA token’s utilities and value.
Angola is set to incorporate even more features in the near future, such as offering an NFT Camera Rental Service. The Angola team continues to introduce ways to establish its market presence within the NFT space in order to become the mainstream platform for users to create NFTs and trade. With so many projects and goals in the pipeline, Angola is positioned to prosper. This is the perfect opportunity for investors to get in early and earn daily rewards.
The Angola ecosystem’s AGLA tokens appear to be a solid long-term addition to any crypto portfolio. Angola isn’t quite like any other NFT project out there. It lowers the barrier to entry to the NFT market, while fairly compensating creators for their efforts. The future of the project looks promising, especially since the team is dedicated to innovating more features that give users the chance to earn as they take photos.
Angola clearly has a lot of potential. We look forward to all that it has to offer.