Thread by @S4mmyEth

We continue to see innovation in the space, particularly around methods of minting #NFTs

ERC-721R from @elie2222 refund contracts was a recent innovation

But let's take a look at this novel idea from @0xBasset & @rennsport_eth for opensea.io/collection/off… 👇🧵 (1/11)

1/Projects minting out immediately have been a continual problem, with bots iterating to adapt to new contract mechanics

We can see bots that disseminate Ether amongst 100s of addresses & then execute the mint simultaneously to bypass the "one per wallet" restriction

2/Collections have attempted:

- Dutch auctions,
- Refunded dutch auctions or
- Raising mint prices to make it prohibitively expensive for whales to mint too many in one go

But where there is secondary volume, then the profit tends to sufficiently incentivize the botting

3/So additional steps put in place can help prevent the existing market bots from working and that's what the "Office Hours" project has done

Let's take a look👇

4/The project was mint from contract, which is no different from a typical mint but there were additional parameters - a mintEven or mintOdd function

5/How does the person minting include this additional step?

They need to convert the final 4 digits of their wallet address from a hexadecimal to numeral using a converter

A manual step to prevent pesky automated bots from minting at volume, example👇

rapidtables.com/convert/number…

6/You then paste this converted number into the verification box & hey presto you can mint up to the max amount per the contract (2 in this case)

7/This was an interesting experiment!

While the instructions & contract details were circulated amongst select alpha groups (a form of allowlist) it minted out within 10 minutes, before public

https://twitter.com/0xBasset/status/1551614418278121481?s=20&t=D4max1TnkSooMQ-JBz1KcQ

It generated 264Eth volume in < 30 mins, from a free mint!

8/This was a refreshing change from the typical mint and suspect this will now set a new trend for future mints

Different iterations will likely have an impact on bot pass NFT prices as they will be required to continually change for hyped mints otherwise become obsolete...

9/Additionally, there was no gas war!

I didn't see gas go above 40 Gwei...

A refreshing change from the catastrophic failures which have seen millions of USD worth of Ether sucked out of the NFT market

The latest in May - the nail in the coffin on this Opensea volume chart

10/Ingenious innovation & great to see developers think outside of the box to find sustainable methods of launching NFT projects

I hope this sets a precedent for projects to follow

Thanks for your contributions to this space @0xBasset & @rennsport_eth - keep up the good work🤝

11/For the instructions please refer to the following link 👇

mirror.xyz/rennsport.eth/…

Disclaimer: I was unable to mint in time but have just been sent 2 "Office Hours" NFTs since producing this thread🤝