The world of non-fungible tokens (NFTs) is constantly evolving and expanding, and one of the latest projects to make a splash in the community is ABC. In this article, we’ll 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 has become an iconic and influential collection in the world of NFTs. However, there is a key difference between CryptoPunks and ABC: while CryptoPunks was created by a team, ABC is wholly owned by the community.
ABC V3NTURES is a special group within the ABC NFT collector community. To access this pool, one must have 30 or more ABC NFTs. The group represents the “whales” of the ABC community, which means they own a significant portion of the total ABC NFT supply. The purpose of the group is to invest in initiatives and projects that bring children’s creativity from the ABC collection to the market.
The group was founded with a vision to create the best community of builders and art lovers in the NFT space. Since its inception, ABC V3NTURES has grown into one of the largest whale groups in Solana, supporting the ecosystem wherever possible. The group is dedicated to fostering 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 crucial role in shaping the future of the ABC Collection and NFT space.
What is ABC NFT?
ABC is an immutable collection of art that lives on the Solana Blockchain. This collection was listed on the secondary market for $1.23 SOL, giving collectors the opportunity to choose the artworks they wanted to add to their collection. Unlike many other NFT collections, there is no official rarity on the ABC Collection and there are no royalties associated with it either.
The vision of the original creators behind ABC was to create the most decentralized and immutable collection of art on the Solana blockchain.
ABC is a collection CC0
The ABC collection is also CC0, which means “No Rights Reserved”. This allows creators, scientists, and owners of already copyrighted material to relinquish any rights to the IP 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 not have permission to use and link to another project.
Community and Incentives
Since ABC is completely owned by the community, all ABC holders have equal power and incentives to contribute to the ecosystem. Holders can do whatever they want with their ABC, whether it’s 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 take advantage of their community by offering incentives for holders. Other projects like Hadeswap, created by a member of the ABC community, also aim to offer benefits to ABC collectors.
change of hades
In addition to the ABC NFT collection, users of the Solana blockchain have access to a new decentralized marketplace called Hadeswap. Hadeswap offers a way for users to trade NFTs on the Solana blockchain without the use of order books on a centralized exchange. This is similar to how Uniswap operates on Ethereum, providing an alternative to centralized exchanges like Magic Eden.
Hadeswap operates as an automated market maker (AMM), which means that the protocol automatically adjusts the price of NFTs based on the most recent trade completed. This allows users to create liquidity pools and earn paid trading fees in SOL without having to lock up or stake any assets.
Users have the option to buy NFTs on Hadeswap in the traditional way, by browsing the available listings for a particular collection and selecting the NFT of their choice. Another option available is the creation of a “buy” group. This allows users to calculate the dollar cost average (DCA) in a collection by setting a “spot” and “delta” price and depositing the amount of SOL needed to cover the purchase orders the group represents. Every time the group buys an NFT from a seller, the offered price will decrease by the “delta” set by the user.
Hadeswap also allows for NFT selling, and users have the option to instantly sell the best available offer from pools for each collection or set up a one-sided “sell” pool. This allows users to draw DCA from a collection and receive more for each NFT their group sells. The user sets a “spot” and “delta” price and deposits the amount of NFT they want their pool to offer for sale. Every time the pool sells an NFT, the price of the remaining NFTs in the pool will increase.
Conclution
In conclusion, ABC is a unique and exciting project in the world of NFTs. Its decentralized and community-owned nature, as well as its CC0 status, set it apart from other NFT collections. While it may not be the best option 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.
