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Yieldly Announces Return of NFT Prize Games
It was yesterday on Twitter where the decentralized finance (DeFi) company Yieldly announced that they're bringing back the popular NFT prize games. Yieldly was one of the first DeFi projects to launch of Algorand in 2021 and was wildly popular right after it's inception.
Yieldly is now asking for suggestions and feedback from the community about what NFTs they should release as prices.
NFT prize game is coming back!!👀
— Yieldly (@YieldlyFinance) January 26, 2023
Let's hear what awesome #AlgorandNFTs you folks want to see coming up for grabs 🤩
Post your favourite collections on the comments below and keep an eye out for coming news about the yNFT 2.0 update.#yNFT #Yieldly #Algorand #NFTs
Previously Very Popular
The Yieldly 'no-loss' NFT prize games was a type of lottery where those who had staked their ALGO on Yieldly would get lottery tickets for a draw of different NFT prizes on a weekly basis. Participating in the lottery required no additional fee, which is why it was known as a 'no-loss' lottery.
The NFT prize games were significantly popular amongst the Algorand community. However, in order to update the feature Yieldly announced that feature would be closed on the 2nd of March 2022 until the update has been finalized.
At the time it was assumed that the prize games would come back in a couple weeks, but instead it has been almost a year since it was last up and running.
Criticism Against Yieldly
Yieldly have recieved substantial criticism in the past year after they kept changing roadmaps and not delivering previously promised features on time.
Additionally the lack of clear and respectful communication from the company has left a lot of previous users disgruntled about the company and its future.
