It’s OE summer(again, fuck).
People are liquidating their influence with different OE collections. But what exactly is an OE (open edition)? In my opinion, it should always be open. Most of the OE minted lately are time-limited (especially the following one)
, thus not “open” at all. Also, those time-limited collections make money fast (probably a G-wagon in one day?) but holders are not protected at all. I was wondering how to deal with this lately.
At the same time, traders are trading these 1155 tokens as if they were fungible tokens. An 1155 swap was already implemented 1~2 year ago
but it is not that popular among NFT traders, at least for those whom I know.
So the idea is to make an ERC1155 collection where
Tokens will be traded like a fungible token
A real open edition. People in 100 years can still mint from this collection.
People are protected: the first mints don’t cost much. But the team can change the mint price in the future.
With a swap implemented in the contract itself.
For different rules with BTC1155 and how it can be speculated and be an open edition at the same time, see follows:
P.S. Although I didn’t see ordinal NFT when I was working on this, we should create a good vibe, too!
P.P.S. This should be the first meme coin collection with ERC1155. Enjoy the ride.