In preparation for the release of Episode I of Monuverse’s NFT collection, let’s explore 6 ways of using them
Let’s recap how the collaboration between Monuverse and Young Platform works, explained in full in this article.
By the 9th of November at 5 p.m. (UTC), Club members who want to attempt to be whitelisted must register with their wallet address on the whitelist page (check your email for link and password).
Those who are on the whitelist will be able to purchase and mint a maximum of 3 NFTs at the advantageous price of 0.07 ETH each on 11 November from 5 pm to 7 pm (UTC).
Once purchased, you can display your NFTs on OpenSea and similar applications.
Remember you will be able to see the real image or video you have purchased only after the Reveal phase is completed.
Once you have obtained the NFT and discovered its contents, there are 6 benefits and uses to which you have access.
1. Protection and promotion of cultural heritage
You are officially a Web3 philanthropist: by purchasing an NFT, you are helping to fund the preservation of the Peace Arch. And, by purchasing future Episodes, you will do the same for other monuments.
For Episode I, the Milanese monument protection organisation will receive 12% of the royalties from your purchase in the primary market (minting), while in the secondary market it will receive 1%.
In metaverse galleries, on compatible social networks and on your screens at home, you will be able to display and promote your work freely. The blockchain will irrefutably tell your story about how you helped preserve an artistic work.
2. Web3 Community
Crypto communities are typically found on messaging and social apps, e.g. Discord, Reddit, Telegram, while projects and teams communicate mainly on twitter (for now). Monuverse also has a Discord server for its patron community and a Twitter profile for official communications.
As is often the case, the possibility of participating in events and conversations with the team is much higher for owners of rare NFTs.
3. PFP and Avatar
There are different types of NFTs. Among them, PFPs are very popular on social media. They are simply NFTs used as profile pictures, so they are usually static images representing the face of a character. The NFTs of the Bored Ape Yacht Club for example are widely used as profile pictures.
An Avatar, on the other hand, is a 3D version of a character. It is usually used in video games or simply in a metaverse and is often customisable through accessories and skins.
Monuverse gives its community a PFP and an Avatar in the metaverse it is building, and you can use them not only on Monuverse, but on most Web3 applications.
Each Episode corresponds to PFPs and Avatars that reflect the historical period or culture of the chosen monument. So, for example, for Episode I, centred on the Arch of Peace, characters from the Napoleonic era will be distributed.
4. Whitelist
Owning a Monuverse NFT grants you priority access to the whitelist of future episodes. This means that you can mine your NFT at a cheap price compared to the public sale price. The rarer your NFT is, the more likely it will be to be whitelisted.
5. Voting rights
You can vote with the rest of the community to choose the next monuments that Monuverse will commit to replicate and protect. From the roadmap, the team also plans to create a more extensive voting system for the community and a DAO to reward active user participation.
6. Buying and selling
Of course you can resell your Monuverse NFTs either before the Reveal phase or afterwards, on the secondary market of OpenSea and other aggregators such as LooksRare, Rarible, x2y2. You can sell as many as you want; giving up ownership of all NFTs. However, this also means giving up the community and its benefits.
Moreover, selling is only an option if you think that the NFT you own may be in such demand on the market that it will bring you a significant profit for you in the chosen period.
