The world of non-fungible tokens (NFTs) is constantly evolving and expanding, and one of the latest projects making waves in the community is ABC. In this article we will explore what ABC is and what makes it unique in the Web3 space.
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The concept of immutable art is not new. CryptoPunks on Ethereum was one of the first examples of this type of art living on the blockchain and they have become an iconic and influential collection in the world of NFTs. However, there is one key difference between CryptoPunks and ABC: while CryptoPunks was created by a team, ABC is entirely owned by the community.
ABC V3NTURES is a special group within the ABC NFT collectors community. You must have at least 30 ABC NFTs to gain access to this group. The group represents the “whales” of the ABC community, meaning they hold a significant portion of the total supply of ABC NFTs. The purpose of the group is to invest in initiatives and projects that bring the childlike creativity of the ABC collection to the market.
The group was formed with a vision to create the best community of builders and art lovers in the NFT space. Since its inception, ABC V3NTURES has grown to become one of the largest groups of whales on Solana, supporting the ecosystem wherever possible. The group is dedicated to driving the growth and development of the ABC Collection and the Solana blockchain as a whole. The group is a powerful force within the community, and its members play a critical role in shaping the future of the ABC collection and NFT space.
What is ABC NFT?
ABC is a collection of immutable art that lives on the Solana blockchain. This collection was listed on the secondary market for $SOL1.23, giving collectors the opportunity to choose the artworks they wanted to add to their collection. Unlike many other NFT collections, the ABC collection has no official rarity and no royalties associated with it.
The vision of ABC’s original creators was to create the most decentralized and immutable collection of art on the Solana blockchain.
ABC is a CC0 collection
The ABC Collection is also CC0, meaning it is “no rights reserved.” This allows creators, researchers and owners of already copyrighted material to relinquish all rights to the IP itself and place it in the public domain. This means that others can use the intellectual property for any purpose they see fit, without the restrictions of copyright law. This makes ABC permission-free for use and inclusion in another project.
community and incentives
Because ABC is wholly community owned, every ABC owner is equally empowered and motivated to contribute to the ecosystem. Owners can do whatever they want with their ABC, whether adding it to their art collection, using it in another project, or even burning it.
An example of this is Asset Dash, which has partnered with ABC to tap into its community by offering owner incentives. Other projects such as Hadeswap, created by a member of the ABC community, also aim to offer benefits to collectors of ABC.
Hades exchange
In addition to the ABC-NFT collection, Solana blockchain users have access to a new decentralized marketplace called Hadeswap. Hadeswap offers users the ability to trade NFTs on the Solana blockchain without the use of order books on a centralized exchange. This is similar to how Uniswap works on Ethereum and offers an alternative to centralized exchanges like Magic Eden.
Hadeswap acts as an Automated Market Maker (AMM), which means that the protocol automatically adjusts the price of NFTs based on the last trade completed. This allows users to create liquidity pools and earn trading fees paid in SOL without having to freeze or stake assets.
Users have the option to buy NFTs on Hadeswap in the traditional way by browsing the available offerings for a specific collection and selecting the NFT of their choice. Another option available is to create a “buy” pool. This allows users to include the Dollar Cost Average (DCA) in a collection by setting a “spot” and “delta” price and depositing the SOL amount required to cover the buy orders that the pool represents. Each time the pool buys an NFT from a seller, the offered price decreases based on the “delta” set by the user.
Hadeswap also allows for the selling of NFTs, giving users the option to sell instantly for the best available offer from the pools for each collection, or set up a one-way “sell” pool. This allows users to take DCA out of a collection and get more for each NFT their pool sells. The user sets a “spot” and “delta” price and deposits the amount of NFTs they want their pool to put up for sale. Each time the pool sells an NFT, the remaining NFTs in the pool increase in price.
Conclusion
In summary, ABC is a unique and exciting project in the world of NFTs. Its decentralized and community-owned nature, as well as its CC0 status, sets it apart from other NFT collections. While it might not be the best choice for those looking for an investment opportunity, it offers incredible opportunities for art lovers and creators to build and contribute to the ecosystem in truly unique ways.
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