“Gm” Everyone!! I am hoping that some of you that are reading this have participated or heard about the xDAI Punks that launched a few days ago or have been involved in the broader NFT scene across the crypto world. I have not been around xDAI much lately as its getting increasingly difficult to keep up to date on everything that is happening around crypto, but in terms of trends PFP projects are really kicking off and I have to admit it took me a while to understand their perceived value.
I guess I started off as a non-believer (I am an eternal pessimistic!! What can I say!!) and asking questions like “I can copy paste that jpeg”. I started to then understand that I can take a picture or make a fake of any original art, but that does not mean that the fake now is somehow as valuable as the original. I guess there is also the element of flex which is all around us in real life. I think of anything that is ‘branded’ and how it has a higher value from something that is similar in utility but just not branded. An easy to explain example I can think of is any of the OG swiss watches, I mean in terms of utility and looks, you could get something that looks better and has more utility i.e a digital watch but still the OG swiss watch costs a ton more than the digital watch. I think this sort of extends to anything that people like to collect and HODL and hence I see why some of these PFPs with the right community, lore and meme values go viral and garner such viral fame and value. I guess what I understand from the current NFT trend is that people will value whatever they think is cool and judging the ‘whatever’ based on face value will just keep people from exploring stuff outside the box!
All of this and the PFP trend overall on ETH main net and other L1 and L2 chains made me think that we could really do something cool here in xDAI with the 1Hive community. I mean we have one of the most awesome communities here and we are an OG DAO that have survived a few knocks!
This is just an idea and I welcome all sorts of constructive criticism.
1. PFP project with code based on a well-known fork (to avoid duplication of effort and minimize security risks)
2. Original ART, could be AI generated - as long as we can provide proof of work - i.e not just a clone like xDAI punks (again this is my assessment - I have not really dug into xDAI punks but on face value it seems to clone the original PUNK project. Although I have word from @theseeker that the dev has more coming).
3. Fixed mint number.
4. Lore / memetic value connected to the ART
5. Could this be like super cool bees - random generated - based on various traits giving it different levels of rarity.
6. I think we could generate different classes of bees either based on ranks in the Hive or may be different species or a combination
7. Cool traits like
c. Body art
8. Could this be part of Canon?
9. We could drop these to Honey HODLERs, active discord members with healthy cred, or may be just do a fair launch and let them be minted for free and see how a market and community develops around them.
I do not have enough technical knowledge on what it may take to get something like this rolling and how we could minimize effort but still come up with a high quality, memetic art project. Welcome all ideas and may be a swarm could be formed if there is enough interest in here. I will drop a link to this in the #find-a-task channel on discord to see if anyone there may get interested.
I think it will be cool if there is some Jr Devs and artists that is starting here in the 1Hive and would like to get this going as a side project! I know we have a lots of cool artists, so tagging a few OGs and artists (I am sorry for the ping just want to get some traction on this idea if its worth it!) I know to see what kind of responses this thread receives.
UPDATED after initial discussion with Absolute Unit 2021-09-15
I had a chat with Absolute Unit and we did a quick brain storm, here is some highlights:
- Low mint probably <3000
- Generative art, anthropomorphic bees.
- Side profile pictures with different traits
- Cool backgrounds
- Add a audio logo to some rare pieces or may be all?
- Form a swarm or private group to band together anyone willing to work on it.
UPDATED 2021-09-18 after discord discussion
Community seems really excited about the idea and there has been some ideas that have been thrown around for initial discussion. If anyone here is interested to know progress or is wanting to contribute to the discussion join in at https://discord.com/channels/698287700834517064/887840146395914311/887840149579387000
- It was general consensus that just ‘another’ PFP project will probably not go anywhere.
- There was also interest in having low mint
- It was agreed that if the art was good, the PFPs could really hit it off
- Most likely targeted for the 1Hive ecosystem
- May need to have a split team - one to work on art and the other to do everything else with regards to release of the NFTs
- Plan to have a catch up session to be able to brain storm ideas.