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World MobileTokenBlog
  • Welcome
  • Introduction
    • World Mobile Token
      • What is World Mobile Token?
      • How are WMTx and World Mobile linked?
      • Why connect the unconnected?
      • How do you sustain and deploy the sharing network?
      • What are our competitors doing?
      • How are WMTx rewards split?
      • How will WMTx be used for utility?
      • Why the need for a blockchain?
      • Why focus on a sustainable approach?
      • Self-data governance
      • Still not convinced? 🤔
  • FAQ & Support
    • Token Migration
      • Token Migration Guide
      • Self-troubleshooting token upgrade issues
      • What will happen to my WMT on CEXs and DEXs?
      • What is a token bridge?
      • What happens to my locked tokens or crypto loans during migration
      • General information on the Token Migration
      • Will WMTx be compatible with Ledger and Trezor?
    • Vault Support
      • What is the Vault?
      • Lost access to your Vault?
      • Unlock vault on a new device
      • Seed words don't work
      • How to locate your Vault .JSON File
      • Supported wallets
      • How to link your wallet to the Vault
      • How can I claim my unclaimed rewards from my old Vault?
    • Staking WMTx
    • How can I earn rewards and stake my ENNFTs?
    • How to Keep your Crypto Safe
    • Create a Support Ticket
  • Network
    • About the Network
      • Aya Testnet
      • Network equipment
      • Connecting remote locations
      • Customer support
    • What is an AirNode?
      • AirNode Sales and Ownership
      • World Mobile's Strategy and Expansion
      • Program and Technical Details
      • Batch Two, Drop One
    • What is an EarthNode?
      • What is an ENNFT?
      • How can I earn rewards with my ENNFTs?
      • How can I stake ENNFTs?
      • What happens if I forfeit my ENNFT?
      • Where can I see my ENNFT?
  • Token FAQ
    • Tokenomics
      • Token metrics and distribution
      • Token issuance governance
      • Token lockup periods for team and partners
    • TGE Archive
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  • What is an NFT?
  • Brief history on how ENNFTs came about and who could claim them.

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  1. Network
  2. What is an EarthNode?

What is an ENNFT?

ENNFT stands for EarthNode Non-Fungible Token. ENNFTs are unique non-fungible tokens for EarthNode Operators that represent their ownership of an EarthNode. EarthNodes are the brain powering the Sharing Economy of World Mobile, the first mobile network owned by the people and built on blockchain.

What is an NFT?

A Non-Fungible Token (NFT) is an asset that has been tokenised via a blockchain. In this case, an ENNFT is an asset on the Cardano blockchain. The ownership of an NFT is recorded on the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded on digital marketplaces.

Brief history on how ENNFTs came about and who could claim them.

ENNFTs were made claimable on January 4th 2023 to all eligible EN owners. Individuals who managed to reserve an EarthNode when they first came out in October 11th 2021 and held 100,000 WMT for each EN during this time could claim their respective ENNFTs. Meanwhile some bought their ENs during the EN auctions in the summer of 2022. There were only ever 1000 EarthNodes in existence meaning there were only 1000 ENNFTs to claim.

The claim process was implemented in the Vault. EarthNode Owners (ENOs) had 1 month, until the 5th of February, to claim their ENNFT or risk it being forfeited. ENOs would lock up 100,000 WMT in a smart contract in order to receive their ENNFT. ENNFTs could also be forfeited to receive back the 100,000 WMT at any time in the Vault. This means an ENNFT is never worth less than 100,000 WMT.

This was a major milestone as, for the first time, ENs became decentralised. ENOs were free to move their ENNFTs to different wallets and different vaults.

PreviousWhat is an EarthNode?NextHow can I earn rewards with my ENNFTs?

Last updated 8 months ago

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