An NFT launchpad for OpenDAO and the new creative economy

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Over the past year, there has been increased adop­tion of non­fun­gi­ble tokens (NFT), units of data stored on a blockchain that are dra­mat­i­cal­ly chang­ing the def­i­n­i­tion of val­ue in the new-age dig­i­tal econ­o­my, which was invent­ed with the incep­tion of Bit­coin. With bil­lions of dol­lars in rev­enue being gen­er­at­ed and com­mit­ted to devel­op­ing social and eco­nom­ic expe­ri­ences on Web3, builders and inno­va­tors world­wide are attempt­ing to cap­i­tal­ize on the world’s most pro­lif­ic finan­cial and social trends with the hopes of redefin­ing our future.

Open­Starter, a sub­sidiary of the already-estab­lished Starter.xyz launch­pad, incu­ba­tor and investor net­work, is set to make a major impact in its entry into the quick­ly grow­ing NFT asset space. While a lot of focus has been on alter­na­tive mar­ket­places due to the NFT community’s con­cerns with OpenSea, Open­Starter is focused on solv­ing an entire­ly dif­fer­ent prob­lem in the mar­ket. It is lever­ag­ing its team’s long his­to­ry and exper­tise in ini­tial DEX offer­ings (IDO) by devel­op­ing a new plat­form focused on pro­vid­ing incu­ba­tion, mar­ket­ing and fund­ing sup­port for estab­lished and emerg­ing artists via ini­tial NFT offer­ings (INO).

Starter.xyz boasts a large port­fo­lio of trust­ed part­ners and has raised more than $35 mil­lion for over 50 decen­tral­ized finance and Game­Fi start­up projects via its launch­pad. Its mul­ti­fac­eted and ver­sa­tile ethos remains through the devel­op­ment of new ini­tia­tives, all while facil­i­tat­ing IDOs of viable, inter­est­ing and inno­v­a­tive pro­pos­als, which are con­tin­u­ous­ly put for­ward to its com­mu­ni­ty. Starter also boasts its vast mul­ti­chain sup­port, oper­at­ing native­ly on Ethereum, Binance Smart Chain, Poly­gon, Fan­tom and Avalanche, with sup­port for PulseChain and oth­ers under­way. This is an undoubtable fac­tor as to why it has estab­lished itself as an intrin­si­cal­ly sus­tain­able and appeal­ing prospect, and like­ly an expla­na­tion as to how it has attract­ed major mar­ket investors and devel­op­ers alike to the plat­form. These advan­ta­geous acco­lades posi­tion Open­Starter favor­ably when it comes to the expe­ri­ence and con­nec­tions need­ed to sup­port an NFT-focused launch­pad and incubator.

Open­Starter pro­vides native sup­port for Open­DAO, its SOS token and Starter’s START token for gov­ern­ing the launchpad’s inter­nal mechan­ics. SOS was launched on Dec. 24, 2021, and explod­ed to near­ly 200,000 hold­ers with­in the first three days, now hold­ing steady with a mar­ket cap­i­tal­iza­tion of over $300 mil­lion. This cur­ren­cy will be fea­tured on Open­Starter and will com­ple­ment the platform’s launch, with expec­ta­tions for the SOS token to be a pre­ferred cur­ren­cy for gov­er­nance and mint­ing or trad­ing NFTs. 

A key part of OpenDAO’s mis­sion state­ment is to con­nect the real-world econ­o­my with blockchain through intri­cate mea­sures and by help­ing to sup­port ini­tia­tives that are in sync with its core pur­pose. The suc­cess of its launch and its mis­sion and val­ues cou­pled with a desire in the com­mu­ni­ty for an expe­ri­enced incu­ba­tor has already proven a sig­nif­i­cant align­ment with Open­Starter. OpenStarter’s mis­sion is to empow­er estab­lished and emerg­ing artists who may be under-equipped in skills or knowl­edge and/or under­rat­ed or under­fund­ed despite pro­duc­ing high-qual­i­ty work. Addi­tion­al uses for the plat­form will tran­spire for investors look­ing to iden­ti­fy new oppor­tu­ni­ties by uti­liz­ing it as a prospec­tus for up-and-com­ing projects.

In an AMA held in the Open­DAO Dis­cord on Jan. 15, 2022, Open­DAO founder 9x9x9 con­firmed this coop­er­a­tion for Open­Starter in tan­dem with its own inter­nal­ly devel­oped tool for assist­ing artists with minting.

INOs are the next step for the NFT space, where for the first time in dig­i­tal his­to­ry, tools like Open­Starter are able to offer ded­i­cat­ed decen­tral­ized project’s requir­ing prin­ci­pal cap­i­tal invest­ment the chance at attain­ing the much-need­ed sup­port they’re seek­ing, as well as spot­light­ing them to an audi­ence specif­i­cal­ly pur­su­ing access to whitelists that ben­e­fit all par­ties involved.

Some of OpenStarter’s fea­tures will include:

  • Cre­at­ing whitelist­ed, pub­lic and lot­tery INOs
  • Mint­ing excit­ing drops using SOS tokens
  • Gov­ern­ing the project’s future by stak­ing SOS tokens
  • Intro­duc­ing defla­tion for SOS via small unstak­ing burns
  • Sup­port­ing syn­chronic­i­ty with the evo­lu­tion of OpenDAO.

To con­clude, Open­Starter is set­ting out to nur­ture and pro­mote those who have unde­ni­able tal­ent, those who’ve cre­at­ed tru­ly wor­thy dig­i­tal assets, expe­ri­ences and prod­ucts, who deserve an illus­tri­ous and trust­wor­thy launch­pad to high­light and crowd­fund their ideas. A pri­ma­ry goal is to aid in show­cas­ing their hard work and allow­ing them to reap the rewards of their val­ue, while simul­ta­ne­ous­ly attain­ing the renowned sta­tus they set out for when they began to pro­duce their work. While embody­ing the work­ing ethos of both Starter.xyz and its large base of sup­port­ers, the Open­DAO com­mu­ni­ty and its SOS token will bring the cryp­to and real-world cre­ator economies one step clos­er together.

To learn more about Open­Starter, vis­it our web­site.

This is a paid press release. Coin­tele­graph does not endorse and is not respon­si­ble for or liable for any con­tent, accu­ra­cy, qual­i­ty, adver­tis­ing, prod­ucts, or oth­er mate­ri­als on this page. Read­ers should do their own research before tak­ing any actions relat­ed to the com­pa­ny. Coin­tele­graph is not respon­si­ble, direct­ly or indi­rect­ly, for any dam­age or loss caused or alleged to be caused by or in con­nec­tion with the use of or reliance on any con­tent, goods, or ser­vices men­tioned in the press release. 

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