We believe building a project with long term prospects is the true key to growing a community that is not based entirely on hype. Hype projects 99% of the time fall into utter disappointment due to the lack of a long term vision for sustainment to keep the community involved.
To ensure long term project growth and sustainability, we are creating two initiatives for long term development. First, we have partnered with All Mine Lah, LLC (allminelah.com) for sustainable long term cryptocurrency mining operations. The proceeds of the mining operations will be distributed to the owners of the Hookah NFTs. For those familiar with Bitcoin mining or any altcoin mining, it is NOT cheap to enter this market. Mining machines usually cost thousands of dollars and many times the power consumption can be overwhelming for a personal residence. This limits the market entry for most ordinary people to benefit from mining operations. As such, we are using the resources from the Hookah Verse project to invest in Bitcoin miners to generate perpetual passive income for Hookah NFT holders.
Let’s be honest, Bitcoin mining is cool, but it gets boring very fast. Once your Bitcoin machine is powered and connected to the internet, it just runs 24/7 overheating your house, and making lots of noise that will tempt your spouse to divorce you (believe me, I know this first hand). So the second method of sustainability for this project is to develop a virtual reality board game center that is centered around competitive games where challengers compete for crypto prizes. To enter these competitions will cost a fee. The fees associated with participating in these competitions will be distributed to the owners of the Hookah NFTs. These long term initiatives will develop incentives for community sustainability by continuously having profits returned back to the “shareholders” of the Hookah Verse community.