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The Non-Fungible Node (NFN) stands as a revolutionary component of the Wayru network. It represents a significant leap in the Decentralized Physical Infrastructure Networks (DePIN) sector, introducing an innovative approach to recognizing and rewarding contributions to the network. Each NFN corresponds to a unique, active hotspot within the Wayru network and is minted by hotspot operators as they join the network.
The NFN, as a non-fungible asset, carries profound meaning within the Wayru ecosystem. Unlike fungible tokens, each NFN is unique and irreplaceable, mirroring the uniqueness of each hotspot within the network.
It embodies the individuality of each hotspot and its operator, reflecting the diversity and broad reach of the Wayru network.
The process of minting an NFN is more than a procedural step; it's a symbolic act marking the beginning of the hotspot operator's journey as an active contributor to a more decentralized and equitable Internet.
This innovative approach brings a new level of engagement and excitement to the task of being a hotspot operator.
Each NFN plays a pivotal role in the Wayru ecosystem.
It's not just an identification tool but a dynamic representation of the hotspot's contribution to the network, an NFN encapsulates the essential attributes of a hotspot's contribution to the network, including its service quality, uptime, and data traffic.
It acts as a dynamic ledger, documenting the performance history of the hotspot.
In other words, an NFN is a living, evolving record that tells the story of a hotspot's journey within the Wayru network, its performance, and its impact on the network's growth.
By making the cost transparent, we aim to uphold the values of clarity and trust within the Wayru community.
The cost of minting an NFN is set at 50 USDC. This cost ensures a smooth onboarding process, allowing operators to seamlessly integrate their Hotspot into the Wayru Network.
The cost is determined based on various factors including the operational expenses, technology deployment, and ensuring a sustainable ecosystem.
Minting cost will increase when you bring your own device at TGE, when $WAYRU token goes live Q3 2024.
Beyond its representational value, the NFN also serves as a measure of a hotspot's eligibility for rewards. The NFN model promotes a cycle of continuous improvement: hotspot operators are encouraged to enhance their service quality to improve their NFN value, thereby increasing their potential rewards.
The NFN thus creates a direct link between contributions and rewards, ensuring that each hotspot's efforts are accurately recognized and appropriately rewarded.