Thread by @metaplexNFT

1/ Metaplex began with a simple but radical mission: Elevate creators and artists above the influence of traditional gatekeepers. Today we’re launching ultra-fast NFTs with insanely low minting fees on Solana

2/ Metaplex #NFTs offer
- On-chain auctions powered by Solana
- Sub $1 average minting cost
- ZERO platform fees
- Open-source and permissionless
- Creator splits and royalties hard-coded
- Decentralization

Start building at metaplex.com

Here’s how it works:

3/ Metaplex is a decentralized protocol paired with an open-source web framework that lets artists, brands and creators launch self-hosted NFT storefronts as easily as building a website – all without writing any code.

4/ Storefronts connect to a powerful on-chain program that not only mints NFTs, but administers fully on-chain auctions, removing the middleman (and their fees) from NFT transactions. This is only possible with @solana’s sub-second speed and transaction fee of $0.0001

5/ Building on-chain means creator splits and perpetual royalties can be hard-coded into the NFT, with automatic payouts when auctions end, and self-executing royalties upon resale. No paperwork, trust, or waiting for wire transfers required!

6/ NFT media of any size is stored permanently on @ArweaveTeam. Metaplex-minted NFTs are created forever and immutable, made possible by Arweave’s perpetual storage. This solves a major issue facing the long-term viability of NFTs.

7/ Metaplex keeps the average cost of minting at less than $1. And with no platform fees, Metaplex is shifting the balance of power back to artists and creators. We’re thrilled to have visionaries like @RAC, @streetdreamsnyc, and @cryptokickers with us as launch partners.

8/ @RAC’s 6 Digital is launching ono.art with their first drop coming this week

9/ @cryptokickers’s soleselector.cryptokickers.com will let you create, customize, and mint 1-of-1 originals on Metaplex

10/ @streetdreamsnyc will extend its outdoor gallery experience "Celebrating The Wins" at South St. Seaport this summer with a NFT version that will all drop later this summer.

11/ Metaplex empowers creators and brands to build a direct relationship with their audiences, and today independent creators are using Metaplex to reinvent the way that NFTs are minted, sold and used.

12/ Being open-source means anyone can develop plugins like @ftx’s FTX Pay, or integrate Metaplex auctions and NFTs into their applications.

13/ And the ecosystem is already growing – @AudiusProject announced plans to bring buying, selling, and display of Metaplex NFTs directly into the Audius experience and allow artists to mint tracks as NFTs directly from Audius.

14/ Metaplex powers more than digital goods – @helium will auction NFTs that represent ownership of physical Hotspots, with proceeds donated towards COVID relief.
Metaplex allowed them to design and launch with less than a day's development
zodiac.helium.com

15/ If you’re an artist, creator, brand, or agency ready to launch your own NFT storefront we’d love to talk metaplex.com/contact. If you’re a developer ready to get building, you can find Metaplex at github.com/metaplex-found…