Mitama Mint
Mitama Mint
Oct 30, 2022 - Nov 05, 2022
Marketplace: OpenSea OpenSea
Blockchain: Ethereum Ethereum

At Mitama Mint, the act of helping others becomes a Metaverse utility, and minters are rewarded with royalties for life. When you mint a Mitama NFT, you receive a percentage of the sale price every time that NFT is sold, indefinitely. Additionally, we offer incentives for profitable flips, encouraging community members to engage in buying and selling. Mitama Mint is a unique NFT collection featuring Japanese spirits, or Mitama. Through the transparency and accountability of Blockchain technology, we aim to make the world a better place through charitable acts. Our approach is revolutionized by the introduction of gamification, where community-run acts of good will become an essential Mitamaverse utility. The collection is limited to 10,000 NFTs, with 9,000 featuring traits that represent real-world ailments that require attention. There are seven traits in total, and a percentage of transaction volume is allocated to each trait. The remaining 1,000 NFTs are traitless and belong to the DAO. Community members determine if, how, and when to deploy them to generate revenue for the DAO treasury.

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Explanation of the Key Terms

NFTs

NFTs are a type of digital asset that uses blockchain technology to verify ownership and authenticity. These tokens can represent anything from artwork and music to virtual real estate, and each NFT is unique and cannot be replicated.

DAO

DAO, or Decentralized Autonomous Organization, is a new way of organizing people and resources in a decentralized manner. DAOs are governed by smart contracts that are executed on a blockchain, which allows for a transparent and democratic decision-making process. The community can vote on proposals, allocate funds, and manage the organization without the need for intermediaries or centralized authorities. DAOs have the potential to disrupt traditional hierarchical structures and create a new era of collaborative, decentralized organizations.

Blockchain

Blockchain is a decentralized digital ledger that allows for secure and transparent transactions without the need for intermediaries. Each block in the chain contains a record of multiple transactions that are validated and added to the chain through a consensus mechanism. The decentralized nature of blockchain makes it resistant to fraud, hacking, and other forms of tampering. The potential applications of blockchain are vast and range from finance and supply chain management to voting and identity verification.

Metaverse

The Metaverse is a virtual reality space where users can interact with each other and digital objects in a fully immersive environment. It is a vision of a future where the physical and digital worlds merge, and users can move seamlessly between them. The Metaverse is built on blockchain technology, and it promises to be a new frontier for gaming, entertainment, and social interaction.

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