Galactic Mining Club (GMC) is a 4000 piece NFT collection that launched on Terra in February 2024. GMC earns revenue through operating several ASIC mining rigs and managing various Decentralized Finance (DeFi) investments across the Cosmos ecosystem. Billed as #NFTFi, every GMC NFT is backed by Bitcoin that an owner can claim by burning their NFT. They have expanded to include a clothing line and other merchandise, which also benefits staking revenue, with ongoing plans to increase offerings, add additional hardware and expand revenue streams as they grow. Holders can stake their NFTs to make decisions within the DAO, including influencing investments and mining, revenue distribution, & other aspects of the Club.
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