Introduction
The Island is a society inspired ecosystem that allows users to participate in an open economy to create the future of a decentralized society on Solana.
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The Island is built upon the joining of two rising themes in Crypto - Decentralized Finance (DeFi) and Non Fungible Tokens (NFTs).
Both of these massive changes are growing. DeFi is still in its absolute infancy, as it is estimated that only 1 Million users participate in DeFi. That’s only 0.01% of the global population. Similarly, the recent growth in Non Fungible Tokens (NFTs) and digital collectibles demonstrates that people all over the world are willing to ascribe monetary value to digital goods and The Island Plans to be the firsts in it's region.
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The Island will take elements like staking rewards from DeFi and blend them with NFT collections like Bahrainees to form a fully decentralized utility-based NFT economy powered by $PALM.
Last modified 1mo ago
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