BURN

This action plan outlines the steps to create and launch a new mint inspired by XCOPY's "Send The Pain Below" and "DAMAGE CONTROL" collections. It incorporates key principles such as consistency, patience, simplicity, variability, and sustainability to engage and retain collectors.

Objective:
Create a successful NFT collection that leverages the burn mechanics, engages the collector community, and maintains long-term value through consistent releases and thoughtful mechanics.

Action Plan:

Phase 1: Concept Development

  1. Define the Theme:
    • Select a compelling and unique theme that resonates with your brand and audience.
    • Ensure the theme allows for creative expansion and variation.
  2. Artwork Creation:
    • Collaborate with artists to create an initial set of 7 unique artworks.
    • Plan for future artworks to maintain a consistent release schedule.

Phase 2: Mechanic Design

  1. Burn Mechanic:
    • Determine the initial collection (e.g., "GENESIS") that will be used for burning.
    • Decide the number of NFTs required for each transaction (e.g., 1-2 GENESIS NFTs).
  2. Additional Requirements:
    • Incorporate an ETH component (e.g., 0.1 ETH) to add value and sustainability.
  3. Collection Structure:
    • Create a new collection (e.g., "EVOLUTION") where the new artworks will be minted.
    • Plan for variability in future burn mechanics (e.g., combinations of GENESIS and EVOLUTION NFTs).

Phase 3: Community Engagement

  1. Launch Announcement:
    • Announce the new collection and mechanics on social media and through newsletters.
    • Highlight the benefits and the innovative burn mechanic to generate excitement.
  2. Consistent Updates:
    • Maintain regular communication with the community.
    • Share updates on new releases, burn events, and milestones.

Phase 4: Release Strategy

  1. Initial Release:
    • Launch the first 7 artworks over a period of 7 months (1 per month).
    • Ensure each release is accompanied by a burn event to reduce the supply of GENESIS NFTs.
  2. Future Releases:
    • Plan for additional artworks beyond the initial 7.
    • Maintain a steady release schedule to keep the community engaged and prevent fatigue.

Phase 5: Sustainability and Growth

  1. Ongoing Engagement:
    • Encourage community discussions and debates over favorite artworks and set completions.
    • Introduce gamification elements (e.g., rewards for completing sets).
  2. Market Monitoring:
    • Continuously monitor the marketplace and collector feedback.
    • Adjust mechanics and strategies as needed to maintain balance and engagement.

Key Principles to Follow:

  • Consistency: Maintain a steady and predictable release schedule.
  • Patience: Avoid overwhelming the community with too frequent releases.
  • Simplicity: Make participation straightforward and clear.
  • Variability: Introduce subtle differences in each release to keep things interesting.
  • Sustainability: Ensure a balance between burn events and new ETH inflow to maintain long-term viability.

Closing Thoughts:

By applying these principles and mechanics, ikigAI Labs XYZ can create a successful NFT collection that not only reduces the supply of initial NFTs but also keeps the community engaged and invested in the long term. This thoughtful approach ensures a balance between artwork, mechanics, and marketplace dynamics, much like XCOPY's successful collections.

Next Steps:

  • Define the theme and begin artwork creation.
  • Design and finalize the burn mechanics.
  • Prepare for the launch announcement and community engagement.