Forever.
The Problem:
Minting is one of the most exciting/engaging ways to attract collectors and build community. But once a project’s mint is done, that’s it. We see NFTs as analogous in many ways to traditional tradings cards, but trading cards have something important that NFTs don’t – the permanent option for collectors to “open a pack.” This simple difference allows trading card brands to attract and engage collectors in perpetuity.
The Forever Mint:
Today, we roll out our solution to this. We have a pool of NFTs in a wallet that we’ve been calling “Ghost City.” This pool consists of both rare and common Ghosts. Collectors will now have the option to buy a Ghost at random from this pool for a price % above the current market floor price. So that this system exists perpetually, when a Ghost is sold via Forever Mint, the funds received will then be used to acquire both rare and common Ghosts from the secondary market to replenish the minting pool. This will allow us to offer the minting experience perpetually without diluting the supply of the collection. Now, new and existing collectors will have two options; they can buy a specific NFT on the secondary market, or they can “open a pack” via The Forever Mint button right on our marketplace collection page.
Dead Pixels was announced almost 3 years ago, and we've always said that our collection will have 10,000 Ghosts. This remains true, but today we get to share that the circulating supply of DPGC was always designed to be ~8,000 Ghosts, while ~2,000 Ghosts will reside in our Ghost City wallet for the Forever Mint.
We think there are a few key benefits the Forever Mint brings to the ecosystem as a whole:
Increased participation: We expect that re-creating the perpetual pack opening option with NFTs will attract more participants who might be less inclined to buy specific NFTs from someone else on the secondary.
Increased transactions and volume: Not only does the pool of participants potentially increase, but when the forever mint is used, it now creates two sets of transactions, effectively doubling the volume. One transaction from the Forever Mint, then a second transaction when a replacement is purchased from the secondary market.
Community engagement: Part of what makes traditional trading cards so successful is the engagement and content that comes from pack openings. We’ve all seen this with NFT mints in web 3, but can now benefit from this perpetually.
This potential growth for the ecosystem led to the decision to make the Forever Mint available to all Hedera NFT projects and communities through collaboration with ecosystem platforms SentX, Hashpack, Kabila, Altlantis, and more coming soon.
For any collectors or creators looking to learn more about the Forever Mint, you can join our Discord: http://Discord.gg/DeadPixels
https://x.com/i/spaces/1ynJODoDOqyxR