Underground Moods
  • What is Underground Moods
    • Features
      • Underground Moods release specs
        • Dubplate vinyls on demand
        • Wishlist crowdfund
      • Mood Gem Market
      • Underground Moods Arts Club
        • UGM Faucet
      • The Holistic Vault
  • NFT Utilities
    • Underground Moods Releases
    • MGM Diamond NFTs
  • How To
    • Setup web 3.0 account
      • Step 1 - Create Avalanche wallet
      • Step 2 - Set up MetaMask
      • Step 3 - Add Avalanche network to MetaMask
      • Step 4 - Connect MetaMask with Kalao
    • Sell NFTs
      • How to sell a NFT on Kalao
        • How to sell an NFT on Kalao (using X-Chain)
      • How to create an auction on Kalao
    • Purchase $AVAX
      • Step 1 - Purchase $AVAX
      • Step 2 - Deposit $AVAX
  • FAQ
    • Frequently Asked Questions
      • I want to release music on Underground Moods
      • I want to make videos for Underground Moods
      • I want to develop software for Underground Moods
      • I want to read the terms and conditions
      • I want to read the privacy policies
      • I want a refund
      • I did not receive NFT after purchase
      • I can't see my NFTs in my account
      • I can't cancel NFT sale on Kalao
    • Technology
      • What is blockchain
      • What is Avalanche blockchain
      • What are NFTs
      • What is metaverse
      • What is wallet
      • What is staking
      • What is breeding
    • Links
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  1. NFT Utilities

MGM Diamond NFTs

MGM Diamond NFTs is a collection of NFTs related to our Mood Gem Market feature in the newsletter. Each time someone purchase a gem from the market, a MGM Diamond NFT is being minted. Purchaser of the gem is the receiver of the NFT.

The MGM Diamond NFTs represents the value of spreading music to the world which is a win win situation for both the artist who made the music, and the listener that discovered the music.

The intention with this collection is to keep a register on the blockchain of how many diamonds we can spread out to the world through our newsletter.

  • For every gem sold, a MGM Diamond NFT is minted

  • Purchaser of the gem receives the NFT

  • If NFT is not redeemed in time, it will be redeemable for users in our community through UGM Faucet

Utilities

  • Key component for advancing to The Holistic Vault

  • Can be combined with Underground Moods release NFTs in a breeding system (coming soon)

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Last updated 2 years ago

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