Ryde, a Carpooling App Located in Singapore, Joins NFT

Polygon blockchain hosts RydePals, a set of non-fungible tokens developed by the Asian company.  Additionally, a “ride-to-earn” concept and in-wallet crypto payment alternatives are included in the announcement. 

Introducing the RydePals NFTs by Ryde 

Rydepals-NFT-Collection
Rydepals

NFTs will be distributed to Ryde+ monthly members ($19.99 value) with early whitelist preference granted to 3-month subscribers ($49.99 value) for the promotion.  

The first 500 drivers with the best evaluations and the most trips completed between April and July of 2022 will get a reserve stock through an airdrop. 

NFTs that have not yet been claimed will be made available to the next person in the line.  A collection of 38 RydePals will then be made available for public minting on OpenSea.  Each very uncommon NFT is worth between $3,000 and $10,000. 

The Artwork of the NFT Collection 

Gender, age, color, and accessories are all variable in this generative piece, which depicts a classic RydePals figure.  The company’s goal is to enhance cultural variety.  The 1% rare collection, on the other hand, will contain 3D art that is not generated.  The company also hopes that the collection will become a part of pop culture in the form of products and collectibles

Ryde NFTs will give real-world usefulness 

Members will get special in-app incentives and advantages while using the carpooling app. This features rider levels and the chance to gain access to more significant prizes gradually. The firm invented the term “ride-to-earn” to make rides more enjoyable and lucrative, similar to how Lyft’s ride-sharing app allows users to get DeltaSkymiles or Hilton Rewards points for each journey. 

Terence Zou, Founder, and CEO said that “despite the technology’s potential, few NFT projects today have real-world use.”.  

For the rapidly expanding market segment of Singaporeans who own crypto, we aim to deploy NFTs in a manner that provides greater real-world value.” 


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