The biggest use of NFTs today is in the digital content realm. That's because that industry today is broken. Content creators see their profits and earning potential swallowed by platforms. An artist publishing work on a social network makes money for the platform that sells ads to the artist's followers. They get exposure in return, but exposure doesn't pay the bills.
NFTs power a new creator economy where creators don't hand ownership of their content over to the platforms they use to publicize it. Ownership is baked into the content itself. When they sell their content, funds go directly to them. If the new owner then sells the NFT, the original creator can even automatically receive royalties. This is guaranteed every time it's sold because the creator's address is part of the token's metadata – metadata that can't be modified.
Below some thoughts and ideas that focus on digital ownership, increasing earning potential for creators, and inventing new ways to invest in your favorite creators.
Exploring new ideas for the Odyssey Project
The Odyssey DAO represents a collection of curated NFT artworks. It combines digital art with DeFi mechanics, as every NFT held generates sOHM tokens daily. sOHM tokens stored in the treasury are distributed to NFT owners. In essence, these artworks will act as Nodes, not securing the chain as we will soon move to layer 2, but ensuring a decentralized distribution of the supply.
Each artwork is priced in sOHM. To improve UX we can also sell in DAI/ETH and automatically swap to sOHM. Over the course of time, the NFT that represents the artwork will generate yield, automatically compounding interest.
Let's explore a collab with the Charged Particles Universe, to integrate sOHM
Odyssey Gallery and Auction House
The Odyssey NFT Gallery will provide the ideal platform for renowned artists to make their mark on this digital world. The creative team will work with a panel of established artists to curate various one-off individual pieces or small collections, also known as NFT drops. Art that one would feel happy to display on their purpose-built Qonos digital display, and soon, the ThemaTaFrame
Projects like The Wicked Craniums can become part of our collection and will have their very own exhibition room in the Odyssey museum. Additionally, projects that are supported by NFT20 can be used to generate extra yield and liquidity.
UnbanksyTV DAO will work with artists from the early stages. We will familiarise them with all the requirements needed to create their own NFT and support them throughout the process, from onboarding to selling the artwork. We are still in early access and only onboarding a small number of hand-picked artists. Once someone mints an NFT they can invite two 3 artists to the DAO. Artists gain governance tokens to get a voice in the DAO.
sOHM will play an integral part in this, as participation in the drops will require sOHM tokens. Some special drops with significant demand will require purchasers to have a certain amount of collateral in sOHM tokens that must be securely held in their wallets. Those who meet the collateral requirements will be granted early access to these special drops before they go public. Ultimately, this creates demand for the sOHM tokens and encourages users to hold them in their wallets.
sOHM will be incorporated in several ways. Entrance into the Odyssey DAO will require a “membership fee” which will go into the DAO treasury. These memberships can unlock custom-made 3D art, NFT airdrops, and many more benefits (TBD). Beyond that, there will be internal tasks and challenges that will allow winning access to our Odyssey DAO.
We will further develop the idea of 3D rooms with functionality to allow multiple users to gain access to a single room with the award-winning and renowned French artist Dimitri Daniloff and 3D artists like TheWolfgang & Kenmei Hashi
The Temple destination will drop Wednesday (30/06) at 3:00PM EST.
Cyber is a metaverse like no other. In under 5 clicks, anyone can create a digital experience with their NFTs in pre-existing destinations and share it. Some of these destinations are minted in limited numbers as NFTs. Digital spaces in the Cyber Destinations Curated collection are carefully selected for their rigorous creative process and originality. By purchasing an item from this collection, you get access to using it as a 3D exhibition space for your art.
These types of destinations will soon open up the possibility of conference rooms where artworks can be showcased and auctioned live in front of members of the Olympus DAO, Bankless DAO, FWB PRO, and DAOhaus.
Imagine a world where an NFT Owner (NFTO) can license their NFTs for the creation of new art, merch while getting royalties on each sale, patiently waiting as their NFT appreciates in value and popularity? Today, in collab with Maddie's that crazy idea we had years ago, turned into reality! Basically the Shopify for NFT's
Each owner is entitled to the usage and commercial rights of their NFT 🤯 💀 💰
Excited to read they are now be officially partnering with @wickedcraniums !
If you want to go fast, go alone. If you want to far, go together. #DAO2DAO
We will create further articles explaining the different components closer to their relevant launch. The applications for the Odyssey DAO, Olympus DAO, Bankless DAO, and UnbanksyTV DAO will be continually built and implemented as the ecosystem continues to expand. Join our Discord and voice your thoughts!
🔥 AR/VR model? Image and animation of art? Full commercial rights? 🔥