Jinnba is a unique PFP collection of 10,000 NFTs that stands out with its anime-themed characters and its integration with the Ethereum blockchain. Each NFT holder is granted membership to the DRRIPP Dao, which allows them to receive rewards every quarter based on the platform's revenue. Moreover, the holders receive deflationary ERC20 DRIP tokens, which they can use to conduct transactions on the DRRIPP platform. Jinnba aims to build a Decentralized Royalty Residual and Interest Payment Platform that is owned by the NFT holder through a decentralized autonomous organization. This platform will be used by media and entertainment companies to process mandated royalty, residual, and participation payments. Additionally, the Jinnba team is experimenting with on-chain identity management using a combination of NFTs and QR codes, providing a unique and innovative approach to NFT ownership.
Explanation of the Key Terms
NFT, or non-fungible token, is a type of digital asset that is unique and cannot be replaced or exchanged for something else. Each NFT is stored on a blockchain, providing proof of ownership and creating scarcity. They are used to represent various types of digital assets, such as art, music, videos, and more.
PFP, or profile picture, projects are a new trend in the world of NFTs, where users can purchase unique, one-of-a-kind digital art pieces as their social media profile pictures. These PFP collections often come with unique traits, backstory, and a vibrant community of supporters. PFPs have become highly sought after in the NFT community, with some collections fetching millions of dollars in sales.
Ethereum Blockchain has become a go-to platform for building decentralized applications and digital marketplaces. The platform's support for smart contracts and programmability enables developers to build a wide range of decentralized applications, including NFT marketplaces, decentralized exchanges, and DeFi protocols. Ethereum is also home to a growing ecosystem of blockchain-based projects and communities, making it an ideal platform for launching new projects and collaborating with other developers.
Blockchain is a revolutionary technology that has the potential to transform various industries. It is a distributed ledger technology that records transactions on a decentralized network of computers. Each block in the chain contains a collection of validated transactions that are cryptographically secured, linked to the previous block, and shared across the network. This creates an immutable and transparent ledger that eliminates the need for a centralized authority to validate transactions. The technology is often associated with cryptocurrencies, but it has potential applications in various industries, including finance, supply chain management, and healthcare.
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