NFT Utility Archives | NFT CULTURE https://www.nftculture.com/tag/nft-utility/ NFT News, Web3 Artists, NFT Collectors, NFT Marketplaces and more Sun, 02 Jan 2022 19:18:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://d34jlxpwrja7q9.cloudfront.net/wp-content/uploads/2022/01/cropped-EmpressRegnant_1080_PNG-32x32.png NFT Utility Archives | NFT CULTURE https://www.nftculture.com/tag/nft-utility/ 32 32 Links DAO launches a Golf NFT https://www.nftculture.com/nft-news/links-dao-launches-a-golf-nft/ https://www.nftculture.com/nft-news/links-dao-launches-a-golf-nft/#respond Sun, 02 Jan 2022 19:15:03 +0000 https://www.nftculture.com/?p=5622

Non-fungible tokens are digital assets that are unique and cannot be replaced. They can represent anything from unique items like rare artworks, to very specific assets like golf club memberships. While these tokens can be traded in the market, they are not divisible or interchangeable like traditional cryptocurrencies. A DAO […]

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Non-fungible tokens are digital assets that are unique and cannot be replaced. They can represent anything from unique items like rare artworks, to very specific assets like golf club memberships. While these tokens can be traded in the market, they are not divisible or interchangeable like traditional cryptocurrencies.

A DAO is a decentralized autonomous organization

They are designed to be completely transparent, inviting everyone with internet connection to take part in the process of decision making. A decentralized autonomous organization does not have any human or in-person leadership. The A DAO does not have any centralized decision-making process.

It’s revolutionary because it’s an innovative way to structure organizations with artificial intelligence in order to give everyone with internet connection the opportunity to take part in the process of decision making.

As far as the NFTs in the golf industry, they can represent anything from a specific type of golf course membership to an expensive driver.

LinksDAO is creating the modern golf & leisure club. A global community of thousands of enthusiasts has come together to create one of the world’s greatest golf clubs – and reimagine the country club.

The Basic Membership

Enjoy the perks of LinksDAO including…

  • The right to purchase a membership at the 1st physical club LinksDAO acquires

  • Governance rights via $LINKS token, launching in early 2022

  • Access and discounts on golf tee times, packages, leisure products, merch, and more

  • Access to members-only Discord channels, including guest appearances by golf, sports, business, and celebrity luminaries

  • Entry into the LinksDAO fantasy golf league

  • More to come!

Extended Membership

All the perks of a Leisure Membership plus…

  • 4x the governance rights via $LINKS token, launching in early 2022

  • The right to purchase two individual memberships or one family membership at the 1st physical club LinksDAO acquires

  • Access to official LinksDAO IRL events such as golf outings and trips (first planned event will be in early 2022 at a Major Championship-quality course)

  • Access to club reciprocity with other Global Members who opt-in to participating

  • More to come!

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Goblin Goons NFT Project https://www.nftculture.com/web3-gaming/goblin-goons-nft-project/ https://www.nftculture.com/web3-gaming/goblin-goons-nft-project/#respond Wed, 14 Jul 2021 10:19:50 +0000 https://www.nftculture.com/?p=3419

Another utility NFT project is launching this Friday (7/16) at 5:30 PM EST.  This time it’s 8,500 Goblins launching on the blockchain at a fair .03 ETH each.  The story behind the goblins revolves around the idea of sacrificing the goblins to the pit of everlasting fire.  We were lucky […]

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Another utility NFT project is launching this Friday (7/16) at 5:30 PM EST.  This time it’s 8,500 Goblins launching on the blockchain at a fair .03 ETH each.  The story behind the goblins revolves around the idea of sacrificing the goblins to the pit of everlasting fire.  We were lucky enough to sit down with the leader of the project Theo and learn more about the project.

As night falls over the mountainous terrain of Ironstone, the distant sound of Goblins echoes through the forest. These notoriously greedy creatures have earned the name Goblin Goons in the region for their violent raids on villages and thieving of travelers’ belongings; which they proudly wear to show their status.

Goblin Goons Roadmap

  • 10% sold: 8 Owners are airdropped an additional Goblin. Discord giveaways are drawn and airdropped as well.
  • 25% sold: 5 ETH is added to the Gold Sack (community wallet). Discord channel is opened for holders to suggest how the funds should be spent. 8 Owners are airdropped an additional Goblin.
  • 50% sold:   5 ETH is added to the Gold Sack. 8 Owners are airdropped an additional Goblin.
  • 75% sold:   10 ETH is added to the Gold Sack. The Goblin Goons Liquidity Pool is initiated.
  • 100% sold: The Pit of Everlasting Fire will be released in 2 weeks. Owners of gold coins will be able to propose development ideas.

 

How Theo came up with the Idea:

I’ve been running a Discord server for 1000+ NFT investors since March which aims to teach collectors about what makes projects valuable and share worthy investments. I have watched the avatar project space develop since BAYC and seen what works and what doesn’t. When developing Goblin Goons, I’ve tried to draw on all my knowledge of the NFT market and have added utility aspects that aim to add value for owners.

 

What Makes the Goblin Goons NFTs Unique:
The goal of Goblin Goons is to have it run like a DAO, where owners can vote on community matters and decide which direction the project takes. Each Goblin comes with 1-3 gold coins which act as governance tokens for owners. Each coin equals one vote so owners who hold more Goblins will have more power when voting on community decisions. On the website, owners will be able to view their gold coins balance and vote on decisions and proposals. 

 

How big is the team and what are their roles:

The team is made up of 4 people. Myself, who is the creator, Cobble, who is the developer who has built a tailored smart contract for our utility and governance, and Flegz and Chubusan who are the two artists. 

Price:

0.03 ETH each

Mint size:

8500 

Mechanics:

2 weeks after minting has finished, the Pit of Everlasting Fire will be opened. These mechanics will give owners the choice to sacrifice their Goblin Goons in return for Ghost Goblins at a rate of N-1. For example, sacrificing 3 Goblin Goons will yield 2 Ghost Goblins. Ghost Goblins feature completely new off-chain attributes and rarities with the total supply being unknown as burning Goblin Goons is the only way to mint them. This deflationary mechanic will aim to decrease the total supply over time and act as a “reroll” mechanic for owners. Owners who mint Ghost Goblins will also receive an additional gold coin than the amount they sacrificed (N+1). This mechanic acts to further incentivize Owners who decrease the supply by giving them more tokens.

 

Links:

discord.gg/goblingoons

twitter.com/goblingoons

www.goblingoons.com

 

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