Keeping the sale based on a time limit alone is probably the best thing we could have done for exclusivity.
There have only been 587 tokens minted so far and that includes the ones for the giveaways and the team.
3/ We wanted this collection to be about sharing the moment with the Cardano community, not only as a celebration but by actually including a 100% functional smart contract that has been run on the Cardano mainnet shortly after the Alonzo hardfork event.
4/ So if you're worried about exclusivity - don’t be. By not choosing an arbitrary number of, let’s say 10K tokens, we’re actually keeping the collection a lot more exclusive.
A much higher number, but capped would have probably sold out quickly.
5/ Those who view it strictly as an investment and nothing more will probably stay away for now because of the uncertainty associated with a time-based limit, especially one that seems large.
It’s really not, 3 epochs (15 days) from the start will be gone before you know it.
6/ This decision may result in minting far fewer NFTs than we would have, had we picked a hard number cap, and will probably end up “costing” us lots of ADA, but we’re okay with that, as the collection was about a lot more than profits.
7/ We took this decision partly because we are not “high profile” in the Cardano community and we wanted to allow more time for it to spread and for people to discover & run the actual functioning royalties smart contract.
8/ It was/is about commemorating this milestone with the Cardano community in a meaningful way.
We made all our plans very clear before launch, including very clearly mentioning that the sale will be open for 3 Epochs.
9/ A lot of planning, preparation & effort has gone into producing Icons and getting it ready in time for the HFC. Not only on our side but from the developers also.
Verifying on @CNFT_IO wasn’t a priority and it couldn’t have been done 7 days in advance
10/ Testing the contract on the testnet and correctly implementing it before launch was the priority.
Our policy & the first NFT we minted, which contains the smart contract code fully on-chain, dates to 09.09.2021 pool.pm/3f72283d65c97e…
11/ Nevertheless, the pull request to get the project verified on @CNFT_IO was submitted shortly after the project launched, but we are not in control of other people's time, and how they manage it is their business alone. github.com/Cardano-NFTs/p…
The art consists of 3 pieces:
“Ada Lovelace - The Enchantress of Numbers”
“Mary Shelley - Burn”
“Gerolamo Cardano - Hypocycloid”
They will be available in 3 different tiers - Cardano - 25 $ADA, Mary - 50, Ada - 75.
2/ The smart contract code & all the info about it will be identical in all the NFTs.
The artwork will be the difference.
Each piece will feature a common, uncommon & rare version. (common versions depicted above)
The distribution:
Common: 95%
Uncommon: 4.9%
Rare: 0.1%
3/ The NFTs will be served in a sequential order & the rarer versions will be randomly dispersed in the sequence of common images.
We want to make the NFTs available to everyone in the Cardano community who wants a commemorative token by which to remember this moment in time.
1/ We are happy to announce that in association with @AncientKraken, @CardanoDan & @ReliableStaking, we’ll be launching the first Art NFTs with smart contract capabilities on Cardano, shortly after the Alonzo hardfork, on September 12.
The “Icons” collection.
@AncientKraken@CardanoDan@ReliableStaking 2/
Over the past weeks, we have worked closely with The @AncientKraken on crafting, what will be, the first smart contract on Cardano to pay residuals (i.e. royalties) to artists on resales of their works.
3/ The @AncientKraken a.k.a. Quinn was part of the first cohort to complete the Plutus Pioneers program and is a 2 time successful #Catalyst proposer.
1/ We have partnered with Project Catalyst IdeaFest and @CatalystSwarm to recognize and reward the best presentations in the first edition of the festival. 104 attendees voted for their top proposal presentations and we had 3 winners with 14 votes each.
@CatalystSwarm 2/ The winners have received the preliminary award of a @trybbles NFT to recognize the excellent presentation of their Project Catalyst proposals.
We plan to extend the award system, so this is just a preliminary recognition.
3/ This has been the first iteration of what we hope will become an evolving and long-lasting process.
Thank you everyone for being involved and committed!