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NFT (Non-Fungible Token)

Non-fungible token (NFT) a non-interchangeable unit of data stored on a blockchain, a form of digital ledger. Types of NFT data units may be associated with digital files such as artworks, photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin.

 

NFT ledgers claim to provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. NFTs do not restrict the sharing or copying of the underlying digital files and do not prevent the creation of NFTs with identical associated files.

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Generate different rarity traits for the artwork. For example, say we want to create a collection of 5 pieces with a unique trait and 10 of the same pieces without that unique trait. We will use the standard image processing library to merge the two different .png files with a specific set of coordinates to put the unique trait where we want on the artwork.

 

Create Metamask on the website that allows people to purchase the NFT through our website via Metamask. Also, the NFT cannot be distributed until the “minting period” is completed and all the Crypto Punks and Meebits have been randomly distributed throughout the 10 k to 20 k NFT artwork pieces.

ARTIST:

Artist creates innovative artworks with part Upload Backgrounds, other traits and stores in folder structure.

Folders are designed to have Hierarchical folder structure and Percentage Formula Logic is built accordingly. Renders NFT by using layers from folders based on the Percentage Formula Application will be integrated to Rarity Tools:

  •   Render Artwork for users to check the rarity Scores of Artworks

  •   Generate different rarity traits for the artwork.

  •   Rarity API access required for rendering Artworks

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OPEN SEA INTEGRATION:

  • Can only be revealed once our NFT has been opened by our token

  • NFT Image rendering will be as provided with “aloha” file to layer on top of the base rendering.

  • Buffering if the image size is high during rendering.

  • Artwork and Image Cropping is not the part of Scope

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DISCORD:

Will have Communication channel which enables :

  •     Share the   NFTs

  •     Chat with people in the channel 

  •     Checking their Token values 

  •     Share your Diamond Hand 

  •     Auctions

Purchasers will review Rating of NFT in rarity.tools and decide to purchase NFTs through Personal Wallet. Sign up / Sign In, Metamask Personal Wallet. Purchase and Mint it.

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WEBSITE:

MDxBlocks will create a Secured Website and enable the team to access the content and explain the NFT project and DEMO. Details and links to Twitter / Discord / Email

Metamask on the website to allow people to purchase the NFT through website via Metamask. Website is integrated with Metamask for purchase of NFT by purchaser and creation of Channel on Discord

BLOCKCHAIN:

NFT Art owned by Purchaser can be named from the website, and it’s recorded on the blockchain

Creation of ERC-721 contract that will represent the NFT artwork. ERC-721 reflects on a single distinct asset without interchangeability. ERC-721 presents better standards of transparency regarding ownership, security, and immutability. Tokens designed with ERC-721 standards are ‘non-fungible’ in their operations.