The $vNIL first redistribution sequence has been executed on Feb 3, 2022 - 2:53:41 PM. ~350 Nilistadors have received a welcoming pack of at least 3,250 $vNIL. Welcome to the fam. Among them, ~30 are joining as part of full time contributors. We are impressed by the quality of the profile joining the team. The Nil future is exciting!
Gas wars, failed transactions, and Sybil attacks have all occurred during NFTs launches. While whitelist solutions have recently been implemented in many upcoming projects as a way to address these problems, they are causing community burnout.
In our efforts to tackle these issues, we have implemented the Voucher System in our upcoming drop; Unfoldrian by Adam Swaab. This solution was brought up to and implemented by the geniuses Tony Snark and Archethect.
Driven by this vision, Nil V1 offered a community-curated launchpad for NFT creators. A core aspect of the proposition value being the implementation of an artist liquidity mining program, giving back ownership to the selected creators.
So far 4 creators have dropped on the primary market, generating ~600,000$ in trading volume. We are proud and excited that the hard work and trust of the DAO and our wider community of collaborators has opened up a broader future for Nil.
Inspired by the electrifying success of Olympus DAO, Sushi, Treasure and the Frog Nation, Nil contributors are looking to erase a collective of NFT believers building the most powerful NFT marketplace.
Well structured, we will collectively establish the central point on which creators, collectors and curators perform economical activities.
In order to do so, the Nil DAO will deploy +3m $vNIL. Everyone is welcome.
Initial contributors are thrilled to announce the release of the Nil Protocol v1 in addition to the Nil DAO inception.
The Nil DAO is a cooperative of hackers & painters looking to collectively establish the decentralized foundations on which the creator economy will thrive.
Initial contributors refused institutional money and all forms of pre-allocation in preference of a completely fair launch, putting the responsibility of the DAO development in the hands of the people.
This paper introduces the DAO inception details in addition to the motivations associated with the $NIL airdrop.
From NFTs Cambrian explosion has emerged the need for curation mechanisms. While centralized solutions have so far monopolized value-signaling ownership, Nil ambitions to decentralize spot lightening mechanisms.
Inspired by the core belief that supporting creators goes beyond collecting NFTs, the Nil Protocol is structured around dual permissionless curation sequences.
NFTs are a revolutionary concept which allows novel form of value creation and distribution, liberating creators from traditional constraints.
As much as barbed wire redefined the concept of property during the Western Conquest, NFTs are unlocking a groundbreaking intellectual property mechanism for creators.
Even though, the so-called creator economy establishment is constrained by high entry costs for non-educated artists in addition to oppressive market noise-making confusing talents discovery. In addition, the poor user experience offered by centralized marketplaces is leading to an inefficient value distribution where neither creators nor collectors or curators benefit from their contribution.