Sneaky Vampire Syndicate Turns to Polygon Finding a New NFT Staking Solution

Most NFT enthusiasts have experienced the notorious Ethereum gas fees at some point in their NFT journey, given that most of the NFTs are minted on this blockchain. This has been a turn off for buyers as their purchase would now cost a lot more, sometimes even more than the NFT itself. Sneaky Vampire Syndicate has adopted an innovative solution: SVS Ghost copies on Polygon.

SVS’ Staking Problem

This NFT project has recently announced the $BLOOD token as a reward for staking vampires. Owners will receive 3 $BLOOD per day for each vampire being staked. However, the staked Vamps will be sent to the staking address, making it no longer viewable on the owner’s OpenSea account. Now what good are collectibles if I can’t flex them? Hence, the search for a solution.

The Solution

SVS Ghost copies are essentially duplicate NFTs that are minted on Polygon, which integrates its speed and low gas fees with Ethereum’s security and wide network. The smart contracts indicate that a Ghost copy will be minted once a vampire is staked. This copy will then be burnt if the owner decides to un-stake it in the future.

This allows owners to have a copy of their Vamps on their respective accounts, while reaping the staking rewards. However, they cannot be traded or transferred, given that they are Ghost copies. Of course, this feature is made possible via Polygon due to the minimal gas fees per transaction. Imagine Ghost copies being minted on Ethereum, the only thing you’ll be burning is your pocket.

Sneaky Vampire Syndicate’s innovation shows their dedication towards the community as they continue to bring value to their holders. What a breath of fresh air. Can’t wait to hear more from the SVS team soon!