gm! New pfp 👀
I believe @chain_runners is going to be the next blue chip NFT collection.
Runners = Punks + Artblocks + Nouns
The project is relatively new, but already gaining so much momentum.
Here's why 👇
I believe @chain_runners is going to be the next blue chip NFT collection.
Runners = Punks + Artblocks + Nouns
The project is relatively new, but already gaining so much momentum.
Here's why 👇
https://twitter.com/yb_effect/status/1458960336552300564
1/ Early last week, @faraaznishtar got me hooked on the Runners.
I saw that the floor price was starting to 🚀 last night and decided to write this thread.
To understand the importance of Chain Runners, let's start at the beginning.
I saw that the floor price was starting to 🚀 last night and decided to write this thread.
To understand the importance of Chain Runners, let's start at the beginning.
https://twitter.com/end0xiii/status/1462150959325278210
2/ In June 2017, Matt Hall and John Watkinson (Larva Labs team) released the CryptoPunks.
The punks drop initiated the craziness of the NFT world we know today.
In fact, the ERC-721 standard released in January 2018 was inspired by the success of the Punks.
The punks drop initiated the craziness of the NFT world we know today.
In fact, the ERC-721 standard released in January 2018 was inspired by the success of the Punks.
3/ ERC-721 tokens are non-fungible meaning each token is unique and has a value of its own.
This contract simplified the process for creators to build non-fungible projects.
This contract simplified the process for creators to build non-fungible projects.
4/ Over the last 3 years, we've seen thousands of collections launched and millions of dollars deployed in the NFT world.
However, there's a bit of a catch.
Most NFT projects we know today are not truly decentralized.
However, there's a bit of a catch.
Most NFT projects we know today are not truly decentralized.
5/ You may have ownership of your NFT, but there's no guarantee of its survival.
Wait what?! Doesn't that go against the whole spirit of crypto and web3?
Not necessarily.
Wait what?! Doesn't that go against the whole spirit of crypto and web3?
Not necessarily.
6/ Current NFT collections are headed in the right direction but have a few flaws when it comes to the minting & storage process.
A lot of NFT projects today simply reference an id that maps to a certain image stored on centralized servers.
This is super risky.
A lot of NFT projects today simply reference an id that maps to a certain image stored on centralized servers.
This is super risky.
7/ What if those servers break down or the creators aren't able to maintain the storage system?
Do the images of your NFTs just disappear?
This method has a future full of 404 errors.
Imagine if the original Cryptopunk images were lost 😨
Do the images of your NFTs just disappear?
This method has a future full of 404 errors.
Imagine if the original Cryptopunk images were lost 😨
8/ To improve this process, creators are now storing image data on decentralized storage systems like IPFS and Arweave.
https://twitter.com/yb_effect/status/1457837091719548929
9/ For example, here's the method for the tokenURI function on the Doodles contract:
10/ Though much better than storing on centralized servers, using networks like IPFS still doesn't solve the fact that NFTs are not being used to their full potential.
The NFTs you are buying today are simply pointers to the location of where your image actually is.
The NFTs you are buying today are simply pointers to the location of where your image actually is.
11/ So this naturally leads to the question: Is it possible for the token itself to contain the image data?
Yes, absolutely - "art on the blockchain".
In fact, it was again the Larva Labs team that started this movement with their Autoglyphs collection.
Yes, absolutely - "art on the blockchain".
In fact, it was again the Larva Labs team that started this movement with their Autoglyphs collection.
12/ Sounds unreal right?! This is the closest we are to truly immutable art.
In my opinion, the coolest part about on-chain art is how it revolutionizes the minting experience.
In my opinion, the coolest part about on-chain art is how it revolutionizes the minting experience.
13/ Typically, creators & artists are creating the art work prior to the launch.
However, with on-chain NFTs, the art is generated during the minting process.
However, with on-chain NFTs, the art is generated during the minting process.
14/ To understand this, let's discuss the high level mechanics of on-chain NFT collections.
Creators are setting stylistic guidelines and minting logistics for the collection in a script.
The code itself is deployed & run on the Ethereum network.
Creators are setting stylistic guidelines and minting logistics for the collection in a script.
The code itself is deployed & run on the Ethereum network.
15/ Here's the rendering contract for the Runners.
16/ Now, instead of the NFT simply pointing to a location of the image, the URI itself contains the image data.
17/ Artblocks is helping bring this concept go mainstream by helping artists easily launch on-chain art galleries through its platform.
https://twitter.com/yb_effect/status/1448769995849154570
18/ This video should give a good idea of the emotions that the on-chain minting experience brings.
https://twitter.com/cryptovenetians/status/1455654538489253889
19/ On-chain generative art adds an extra layer of decentralization to an NFT collection.
Now, it's provable that all collectors received equal treatment by the NFT project.
Artists, creators, advisors, etc. can't cherry pick rare pieces during the mint.
Now, it's provable that all collectors received equal treatment by the NFT project.
Artists, creators, advisors, etc. can't cherry pick rare pieces during the mint.
20/ This was the main reason that @ArtOnBlockchain started Artblocks.
He wasn't a fan of the idea that he was able to get so many Zombies during the Punks mint.
He wasn't a fan of the idea that he was able to get so many Zombies during the Punks mint.
https://twitter.com/yb_effect/status/1448770004783022092
21/ Larva Labs eventually upgraded the Punks collection to be on-chain.
However, there's no going back on the unequal minting experience from when the project first launched.
That's where Chain Runners comes in.
However, there's no going back on the unequal minting experience from when the project first launched.
That's where Chain Runners comes in.
22/ Chain Runners fixes both the minting & storage problems in the NFT pfp world today.
1. All image data is stored on-chain
2. All art work was generated during the mint (meaning it was a 100% random distribution process )
I believe the Runners will be in the NFT Hall of Fame.
1. All image data is stored on-chain
2. All art work was generated during the mint (meaning it was a 100% random distribution process )
I believe the Runners will be in the NFT Hall of Fame.
23/ On top of that, the art work is brilliant.
I've personally been a huge fan of the pixel art done by the Nouns DAO super team.
It's unfathomable to me how artists are able to pack so much detail in such limited real estate.
I've personally been a huge fan of the pixel art done by the Nouns DAO super team.
It's unfathomable to me how artists are able to pack so much detail in such limited real estate.
https://twitter.com/yb_effect/status/1448043808533319681
24/ Check out some of the pieces from my Runners collection.
25/ Lastly, it would be silly not to mention how brilliant the story of the Runners is.
The artists have set up a fantastic base to build out one hell of a new universe.
Props to the team: @evandenn, @BrainDraind, @KnavETH, & @dozerparker721
The artists have set up a fantastic base to build out one hell of a new universe.
Props to the team: @evandenn, @BrainDraind, @KnavETH, & @dozerparker721
26/ All the code for the Runners is open source.
Meaning devs can build all kinds of derivatives to further grow the ecosystem.
Meaning devs can build all kinds of derivatives to further grow the ecosystem.
https://twitter.com/cdixon/status/1451703067213066244
27/ It's a similar concept to how anyone can help grow the Nounverse or Lootverse.
https://twitter.com/tandavas/status/1432803010007089161
28/ It's been super fun to see the Runners community grow as well in the last 2 weeks.
Check out all the cool people involved.
Check out all the cool people involved.
https://twitter.com/zoink/status/1462055075522568193
29/ There's already a couple of derivative projects out there as well!
Some that I came across:
- CryoBot (@nrtabtaq)
- Scruffy (@Scruffy669)
I'm super excited to see what happens with this project.
Some that I came across:
- CryoBot (@nrtabtaq)
- Scruffy (@Scruffy669)
I'm super excited to see what happens with this project.
https://twitter.com/chain_runners/status/1461442844372045825
30/ The community vibes have also been great - similar to Cryptoadz.
Everyone seems excited about the art work itself.
Just a note, this is not financial advice - DYOR.
At the end of the day, we just love the chain runners 🙌
Everyone seems excited about the art work itself.
Just a note, this is not financial advice - DYOR.
At the end of the day, we just love the chain runners 🙌
https://twitter.com/WillPapper/status/1462268055829032966
31/ Summary of what was covered about @chain_runners:
- Completely new minting experience for PFP projects
- Storage is completely on chain
- Incredible pixel art
- Great base for a universe
- Open Source
- Fair minting process
- Completely new minting experience for PFP projects
- Storage is completely on chain
- Incredible pixel art
- Great base for a universe
- Open Source
- Fair minting process
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