Metis Launches The First-Ever Community-Minted NFT, “Rebuilding The Tower Of Babel”
TORONTO, CANADA / ACCESSWIRE / April 21, 2021 11:00 AM ET – Metis, the project focusing on developing technical and organizational infrastructure for the Web 3.0 economy, presents the first-ever community-minted *Non-Fungible Token (NFT). Known as “Rebuilding the Tower of Babel”, this community-minted NFT will bring people together to create a versatile community. Once the NFT is minted, it will be auctioned on the NFT marketplace OpenSea, with all proceeds shared among contributors.
By introducing the first-ever community-minted Non-Fungible Token, Metis will create a very different spin on the fast-growing NFT industry. Bringing together a community of incentivized contributors to partake in the “Rebuilding the Tower of Babel” project shows the versatility of NFT activities.
Interested users can sign up and form their own Tribes at Tribe.MetisDAO.org.
The entire event will span five steps: Reserve Airdrop, Claim Tribe NFT, Community NFT minting, Auction, and Rewards.
Everyone who participates in the airdrop phase can unveil a mystery box displaying three cards. Every participant gets one choice to pick a card, which will have a reward attached to it. The vast majority of rewards are keys granting 1x mining power. A few lucky users will receive a key with 3x mining power. This mining power depicts the pace at which users can mine Metis Tokens in the incentive pool, which goes live after the community NFT-minting event is finished. Users will also receive the option to create a Tribe on the blockchain and receive Metis tokens as an airdrop incentive.
The purpose of these Tribes is to increase mining power for the incentive pool. Referring friends and other members will increase a Tribe’s Trust, while the referred user receives Metis Tokens as the incentive. The higher a Tribe’s Trust, the higher the mining power will become. Every Tribe can hold a maximum of 15 people, creating a fair and transparent playing field for all participants.
As the airdrop phase lasts for up to five days, community participation will be essential. Following the airdrop, the community NFT-minting event will mint a large piece of NFT artwork, known as “Rebuilding the Tower of Babel”. The artwork consists of 256 puzzle pieces, with every piece representing a different Tribe. Every creator of a Tribe can claim an NFT piece that represents ownership by that specific Tribe. As more pieces are claimed, the artwork will be built up and revealed.
“By bringing power back to users, Web 3.0 will vastly improve financial inclusion and help bring the world together,” said Elena Sinelnikova, Metis CEO and co-founder. “We may speak different languages and come from different cultures, but people around the world can achieve amazing things through decentralized collaborations. We’re excited to watch the rebuilding of the Tower of Babel and show just how much power communities can have when they band together.”
Once the artwork is unveiled, information regarding Tribes and their members will be minted into the final artwork NFT. This information depicts the contributions and collective minting done by the community forever. As the process finalizes, the final artwork NFT will be completed and uploaded to the OpenSea marketplace for auction. Seventy percent of proceeds will go to participating Tribes, with the artist (StarCloud AI) receiving the remaining 30%.
Metis aims to establish a larger community-oriented NFT effort that provides viable incentives for all participants. The Non-Fungible Token industry can serve many purposes, including bringing together people worldwide who share similar goals. The “Rebuilding the Tower of Babel” event will thus emphasize the value of coming together within the industry, rather than maintaining siloed environments.
Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0. Its scalable protocol supports a wide range of use cases, including yield farming, DEX trading, and powering the gig economy via dApps that offer cheap and fast micropayments.
Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure, a differentiating factor that makes it easy for any developers, builders, or community leaders to build their applications and communities. It also makes it easy to use pre-set tools to facilitate their development, manage collaboration, and enjoy the network effects of the world’s largest decentralized finance ecosystem, without the costs and bottlenecks normally associated with Ethereum.