RAM 101: A Detailed Example of How RAM Works
Here we explain how exactly RAM works with a detailed example. This is a hypothetical scenario for educational purposes and the details are subject to change
Recap: RAM is a membership NFT. You pay for the RAM NFT once through minting. RAM NFT will give you exclusive access to 12 NFTs from 12 NFT collections. Minting of the first collection will start soon after the sale of RAM NFT.
For the sake of this example, we consider the RAM supply to be 1,000 limited and the release date to be the end of May 2022. In this example, we consider RAM collection 1 to be available for minting in less than one month after the release of RAM, i.e. end of June 2022.
Step by Step Example
1- You buy one RAM NFT at the end of May 2022 through presale or sale. You mint RAM NFT on RiseAngle website and pay the necessary ETH price. You manage to mint RAM edition 555. You see RAM NFT #555 in your MetaMask wallet and on your OpenSea account.
2- You decide to hold on to your RAM NFT and not sell in the secondary markets. So by the end of June 2022, when we announce the minting of the first RAM collection, you still own your RAM NFT.
3- We announce the first RAM collection to be available for minting, starting from June 2022.:So_Fly: The first RAM collection candidate in this example is Deep Green Mazes Comic Book (DGMCB) NFT, a comic book with 1,000 editions.
4- You decide to mint your NFT from the first collection on the same day. You come to our website and click on the mint button we have provided for minting the first collection. As you mint, we check your wallet, and verify that you own a RAM NFT and its edition :verified~10: . We will let you mint DGMCB edition 555. You pay for the gas fees but the NFT is free for you.
5- You see your DGMCB NFT edition 555 in your MetaMask wallet and OpenSea account. :blobdance: You may hold on to your comic book NFT or sell it in the secondary markets.
6- You decide to keep your RAM NFT.
7- By the end of July 2022, we will announce the second RAM collection ready for minting. The second RAM NFT collection candidate in this example is a generative 2D art collection.
8- You try to mint, we check your wallet, see you have a RAM NFT, and we let you mint one NFT from the second collection.
9- In this case, it doesn’t matter what RAM edition you are holding, because you get to mint a randomly generated artwork from collection 2.
10- You see your 2D artwork NFT in your wallet and OpenSea account. You may keep it or sell it in the secondary markets.
11- You keep your comic book NFT and 2D artwork NFT but for whatever reason, you decide to sell your RAM NFT #555 in the middle of August 2022. You sell your RAM NFT to User B.
12- At the end of August 2022, the third RAM collection is announced. This time, the collection candidate is a high quality 3D model that has utility within the World of Mazes NFT Games Metaverse and unlocks an exclusive world.
13- Since you have sold your RAM NFT, you can’t mint the 3D Model NFT from collection #3. User B comes to our website, clicks on the mint button and pays for the gas fees, we check and verify that user B has the RAM NFT, and User B gets to mint the NFT from the third RAM collection.
14- User B may keep the 3D model NFT, burn it :burn~10: for exclusive access within WoM NFT Games Metaverse, or trade it on the secondary markets.
15- The same process continues until we reach 12 total collections delivered to RAM NFT owners.
