Cashmere Labs has announced the launch of the first utility function and product for Goat Street, a project on the Robinhood Chain. The Goat Street NFTs now enable holders to earn rewards in native ETH and on-chain stock yields. The yield weight is determined by the holding duration and tier of the NFT. This marks a significant step in expanding the utility of Goat Street NFTs beyond collectibles, integrating real-world asset exposure through blockchain-based equity yields. The announcement comes as part of Cashmere Labs' ongoing efforts to bridge traditional finance with decentralized technology, offering NFT holders a new way to generate passive income while holding their digital assets. The weight mechanism incentivizes long-term holding and higher-tier NFTs, potentially increasing engagement within the Goat Street ecosystem. This development could attract more users to the Robinhood Chain, as it combines NFT ownership with financial returns.
Cashmere Labs says it has rolled out the first utility feature and product for Goat Street, a project built on the Robinhood Chain. Goat Street NFTs can now generate native ETH and on-chain stock yields. Simple enough. The rewards are weighted by how long the NFT is held and by the NFT’s tier.
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