Provenance: Since time immemorial (ok, maybe only since April 9th), @BitsTODAY has showered the BitClout community (and beyond) with entertaining recaps of everything happening on the greatest decentralized, crypto-native social media platform in the world. We’ve published four editions weekly for three months straight, not to mention a number of special editions and endless engagement on-platform, in telegram and discord, and even in Miami 🌴! How do we do it? It's simple really (even if not easy). We're fueled by a 🔥 passion 🔥 for the BitClout community, for puns about 🐋s and 🦍s, and for the innumerable friends we’ve made (even if half of them are 🤖s).
BitClout and @BitsTODAY are all about community. To commemorate the first 50 editions of @BitsTODAY, we wanted to do something special that's equal parts exclusive in terms of rarity and inclusive in terms of still offering lots of ways for the community to get involved. As we transition from a brand building phase of our journey to one in which we focus more on monetization, we also want to make sure we do so in an intuitive, authentic, and above all, transparent manner.
Without further ado … 🥁 drum roll please 🥁 … we announce, NF50! 🍾
What is it:
How it works:
- 20% of earnings from the initial NFT sales of NF50 on the BitClout blockchain will be locked in the @BitsTODAY coin to remunerate our stellar investors.
- @BitsTODAY will split all further earnings from the initial sales 50/50 with the artists who contributed the issue covers on a pro rata basis 🎨💰 (half of the remaining 80% of BitClout earnings and 50% of all Ethereum blockchain earnings.)
- All NF50 NFTs will include a 10% royalty, which will accrue to the BitsTODAY team, on any future re-sales.
- Summary of NF50 series:
- 25 static NFTs sold on OpenSea with a floor price of 0.05 ETH. We reserve the right to increase prices as editions sell.
- 25 static NFTs sold on BitClout and a floor price that will be determined as we assess the dynamics on the nascent NFT BitClout market. Of course, you can count on us to take advantage of the unlockable text for easter eggs here, too 😉.
- 1 super rare ‘dynamic’ NFT, which will be auctioned on BitClout with a floor price of no less than 10 $clout. The owner will also receive an accompanying physical print as well as top 10 @BitsTODAY coin holder benefits for life. @ASG may give you a kiss, too, 😘.
Rationale:
In the spirit of building in public and transparency, we want to provide rationale for decisions we made with this NFT release. Here are responses to questions we anticipate the community may have:
"Why are you releasing NFTs on the Ethereum blockchain?"
One of our goals with the NF50 drop is inclusivity. We know from discussions with community members that some NFT collectors are very active on Ethereum blockchain based marketplaces. Transparently, we also hope that the (ideal) success of NF50 will generate interest in @BitsTODAY and BitClout from those who are more active on the Ethereum blockchain. Even more transparently, we're also average joes, and ETH provides an as-of-yet more seamless way to pay the bills 💡.
"Why are you releasing multiple series of NFTs?"
We recognize we have different audiences in the @BitsTODAY family. We are fortunate enough to have the support of some G-block 🐋s and BitClout OG's who have backed us from Edition 001. We reckon this audience may be more interested in a truly exclusive NFT with special perqs. While many of the covers submitted for @BitsTODAY to date have been GIFs, we chose to make the 1/1 of the only dynamic version as the production effort for this piece of art was significantly higher than for the static versions, and because we wanted to appropriately distinguish between the 1/1 and the static series.
In parallel, we serve a community of 'clouters who come from all means and backgrounds. We hope to serve them with our 25x editions on BitClout and OpenSea. Our hope is that anyone who loves @BitsTODAY will find the prices on these drops accessible.
