Visible artwork recounts tales of our previous, it offers an account of previous occasions. Proof of Magnificence Studios (POB) has got down to do exactly that. The experimental NFT studio generates distinctive artwork by varied hash attributes of a sure occasion/transaction prior to now. This ultimately creates an awesome incentive to doc and acquire historical past, in a really crypto-native technique to say the least.
Previous to the launch of Proof of Magnificence, crypto historical past comprised of a ton of tweets, etherscan knowledge, and nicely written blogposts. These types of historical past can solely talk info, however there was no narrative for the final viewers. This consequently impressed David Solar, founding father of POB, to tokenize transaction histories as NFTs.
$HASH represents the primary POB assortment, marking the beginning of making a library of milestones and occasions for many years to return. All 2,555 mints from Season 0: GENESIS are already bought out, and are solely out there on the secondary market. Presently, Season 1: SAGA continues to be mintable at 0.08ETH. If the proprietor is personally associated to the occasion, a reduction will probably be awarded.
The $LONDON collection is a social experiment that celebrates Ethereum’s London Exhausting Fork. $LONDONs are basically tokens that govern the London DAO, the place homeowners can vote on future experiments. Provided that fuel costs had been one of many essential themes of the London Exhausting Fork, POB fastened their mint value at 15.59 gwei (1 ether = 1,000,000,000 gwei). This additionally symbolizes EIP-1559, an integral part of the occasion.
Following which, POB rewarded every participant with 1559 $LONDON tokens, which was the precise value required to mint a LONDON NFT. The corporate creatively used this NFT collection to make an announcement for decrease fuel charges. Presently, the ground value on OpenSea sits at 0.025 ETH.
Crypto and NFTs are revolutionary know-how which might be already altering varied economies and existence. Proof of Magnificence Studios will certainly assist future generations perceive its improvement and transformation by the years.