BULL ART NFT
Business Bull NFT is an awesome handmade collection composed by 1469 unique pieces.
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Business Bull NFT is the first NFT collection released, it's composed by 1469 unique handmade pieces.This is only the first of three unique series, the concept of the three series follows the NFT eras. The collection is deployed on Polygon, due to low fees that attract a larger perimeter of users than the Ethereum network.
This is only the first of three unique series, the concept of the three series follows the NFT eras:
Collection deployed in batch on Opensea, the users will be able to buy the NFT there
NFTs minted directly by the users on the website, for this it's needed a Metamask wallet plugin to interact with the smart contract.
The last collection will be created by burning the pieces of the previous series. No spoilers as now, third series foresee dynamic NFTs
First Collection Released
Marketting Campaign (400 pieces sold)
Second Collection is released (800 pieces sold)
Staking Dapp Deployment (200 pieces sold).
(600 pieces sold).
(800 pieces sold).
(800 pieces sold).
New Staking Dapp Deployment(200 pieces sold).
The next Step are in your hand.
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The following document explain the aim of the project, starting from the First collection, until the release of the last one. Even if the team's ideas are clear and the target phases of the project will be followed, regarding the time the approach will be a little dif- ferent:
• The team reserves the possibility to posticipate or anticipate the phases, based on the market volatility and the common sen- timent.
Here we start explaining what an NFT is: An NFT is a digital token that represents ownership of a unique dig- ital or physical item. The most common items currently offered as NFTs include digital art, virtual trading cards, and in-game assets, but physical items like luxury watches or even real estate can also be "tokenized".
Each NFT that is created is powered by a smart contract stored on a blockchain. This smart contract assigns and tracks ownership of the underlying item, manages the NFT's transferability, provides details of the NFT's unique properties, and can set terms and conditions for its use.
The key difference between NFTs and other cryptographic tokens is that NFTs are not fungible - hence the name non-fungible tokens. Fungibility is the property that determines whether or not one item can be interchanged with other items of the same kind with no loss of value.
For example, cash is fungible in that you can exchange one ¿10 note for another, or even for two ¿5 notes, and still retain exactly the same value. On the other hand, a piece of art like the original Mona Lisa is not fungible, and cannot be exchanged like-for-like due to its unique properties.
Thanks to a unique token ID and the possibility to define distinct metadata, each NFT is as unique as its creator wants it to be, thereby offering a completely open design space that can be adapted to a huge range of applications.
Just as blockchain brought fungibility to the digital space, and al- lowed us to exchange value like-for-like in the form of cryptocurren- cies, blockchain now brings non-fungibility to the digital space in the form of NFTs.
It's blockchain's immutability, dependability, transparency and decen- tralization that create new opportunities for the seamless trading, ex- changing and sharing of digital representations of any kind of assets, and for many businesses, this is likely to spur new blockchain-based innovation.
Although NFTs can be implemented on any blockchain that supports smart contract programming, the most common industry standard is the ERC-721 standard on the Ethereum blockchain.
Unlike standards for fungible tokens, ERC-721 offers the possibility to include rich metadata about an item, such as historical ownership. It also allows each token to have distinct properties that differentiate it from other tokens - these properties are detailed in an off-chain file that is accessible via the token's metadata.
This standard is now driving further innovation to create a framework of rules, libraries and conventions for digital certificates on blockchain, and will make it easier for businesses to explore and harness the po- tential of NFTs.
Business Bull NFT is the first NFT collection released, it's composed by 1469 unique handmade pieces, each one with 6 different traits:
The collection is deployed on Polygon, due to low fees that attract a larger perimeter of users than the Ethereum network.
The pieces of the collection are mintable on the Bull NFT official website, the starting price for the mint is about 400 Matic.
Following the minting, the nft will be automatically deployed on Opensea, with all the characteristics that make it unique.
NFT Minting DApp The NFT minting platforms are the plat- forms where you mint the unique piece of the collection. They allow the minting of one-of-a-kind NFTs that contain a digital representa- tion of your unique collectibles. Minting is the process made before an NFT is auctioned in an NFT marketplace.
What's the difference between buying on Opensea or mint your own NFT? Create your exclusive collectibles, such as art, music, etc., into an NFT. Minting is something that you create new. However, buy- ing an NFT is like purchasing something that has already been minted.
What are the benets of a Minting DApp?
• It gains better market visibility: Developing minting plat- form gains market visibility due to its unique investment oppor- tunity.
• Steady revenue stream: Minting one-of-a-kind NFTs gener- ates stable revenue through gas fees and service fees. Those funds will be used to pay the marketing campaign and the devs for the next phase.
• Investors' traction: Owners use these NFTs to launch their new products. It gains more crowd in minting in your platform.
• Sustainability: Creating a futuristic NFT platform can help you stay up in the crypto market
• Audience traction: NFT minting platform gains more audi- ence due to its uniqueness, scarcity, etc.
Second collection will be specular to Business Bull NFT, specular but following an opposite direction... News will come soon on the official websites.
A staking DApp will be developed in order to allow users to get rev- enues by staking their own NFTs. The staking will be valid only if the owner have 1 piece of the first collection and one piece of the second collection.
Staking your NFTs is a way to put your unique token to work on the blockchain. Often NFTs are associated with digital images, such as the Bored Ape Yacht Club collection, but they can be all kinds of objects, from digital art to video files to items in a game. NFT staking means hat you attach your nonfungible tokens to a platform or protocol. In exchange for this action, you receive staking rewards. In this way, you can earn extra while you remain the owner of the NFT.
You can compare this way of staking with decentralized finance (DeFi) yield farming, where cryptocurrencies are lent or deployed to liquidity providers to earn rewards through interest or the transaction costs in- curred by others. This way of earning interest is similar to that earned through a bank but in this case, there is no middleman. NFT staking belongs to the decentralized finance world while the banking form is centralized.
NFT staking works the same as staking cryptocurrencies because NFTs are tokenized assets. Also, for NFTs, not every nonfungible token can be staked, just as this is not possible for every token. Because NFTs are tokenized assets, you can deploy them on NFT staking platforms where you can keep them safe. This is possible via a smart contract on the appropriate blockchain protocol.
Even though staking NFTs is a relatively new concept, many NFT holders are very excited about this development. That is because a nonfungible token is unique, making holders reluctant to sell. This is the big difference with cryptocurrencies, where you can easily buy and sell crypto. To stake NFTs, you need a crypto wallet, which must be suitable for the NFT in question.
First, check if your favorite wallet also fits the blockchain on which the NFT is located. Then you need to connect the wallet to the staking platform so you can send your NFTs to the platform. This operation can be compared to staking your coins. Both can be performed by going to the staking section of the platform.
The type of staking rewards that NFT holders can receive for deploy- ing their NFTs depends on the platform and the type of NFT. Most NFT staking platforms offer periodic rewards, which are often paid out daily or weekly. Often, these rewards are paid out in the platform's utility token, but there are exceptions. Regardless of the token used for staking rewards, you can trade the staking reward tokens and possibly convert them into other cryptocurrencies or fiat money. In addition, there are also staking platforms that have decentralized autonomous organizations (DAOs). Here, NFT holders can lock their assets into a DAO pool, also known as a NFT staking pool, which allows them to participate in governance tasks on the platform. This often includes voting rights when proposals are made. It is also possi- ble to make the proposals yourself, but this varies by DAO.
Third collection will be singular in the NFT world, the idea is simple but the results are really cool. The third generation will follow the dynamic NFT wave, it will be characterized by the following traits:
• The only way to obtain a third generation NFT is to merge two pieces of the previous collection. Through a dedicated DApp we will make possible to merge those NFTs, once they will be in the app, they will be burned.
• The new NFT will change based on certain external conditions (such as market volatility...). We are not going to say more about the collection.
After the last collection release, the staking DApp will be converted and will work only with the dynamic NFTs, the revenue amout will be floating with the external conditions.
After this last step by the team, a DAO will be created, the voting power will be decided by the NFT rarity and the community will be able to choose the next step. There are infinite possibilities such as gaming, tokenizing...
A dynamic NFT is a non-fungible token that can change based on certain circumstances. Due to their ability to adapt and change in response to external events and data, dNFTs are expanding the design space that NFTs can handle.
At the moment, the most common use of NFTs is in digital art where an artist creates a token that represents a digital work of art, such as a 1-of-1 NFT, and a collector can buy this token to prove ownership. When new NFTs are made, the tokenIDs don't change. Remember that you don't have to give any information about an NFT, like its description, picture, or other features. An NFT is, at its most basic, a movable token with a unique identier called a tokenID.
This static NFT model helps digital artists all over the world in a number of ways.
Before, digital artists couldn't stop or even track the illegal spread of their original works of art because there was no way to tell the difference between any two les. This meant that no single original could be kept
For the First time in the history of the Internet, creators can sell digital art to their fans if they can prove ownership. Fans can also prove ownership of an original piece of art, even if the picture underneath it is copied.
Static NFTs are now used in most generative NFT art projects, play- to-earn games, and digital collectibles. In addition to these use cases, they per a unique value proposition for the digitization of real-world assets like real estate papers, patents, and other unique identiers. But this strategy is limited by the fact that static NFTs can't be changed once they are put on a blockchain and their metadata can't be changed.
Dynamic NFTs let NFTs keep their unique IDs while also getting updated information.
A dynamic NFT is one that can change in response to something outside of it. Change in a dNFT usually means that a smart contract has changed the metadata. This is possible because the NFT smart contract has automatic updates that tell the underlying NFT when and how its information should change.
A decentralized autonomous organization (DAO) is an emerging form of legal structure that has no central governing body and whose mem- bers share a common goal to act in the best interest of the entity. Popularized through cryptocurrency enthusiasts and blockchain tech- nology, DAOs are used to make decisions in a bottoms-up management approach.
One of the major features of digital currencies is that they are decen- tralized. This means they are not controlled by a single institution like a government or central bank, but instead are divided among a variety of computers, networks, and nodes. In many cases, virtual currencies make use of this decentralized status to attain levels of privacy and security that are typically unavailable to standard currencies and their transactions
Inspired by the decentralization of cryptocurrencies, a group of devel- opers came up with the idea for a decentralized autonomous organi- zation, or DAO, in 2016.
The concept of a DAO is to promote oversight and management of an entity similar to a corporation. However, the key to a DAO is the lack of central authority; the collective group of leaders and participants act as the governing body.
DAOs rely heavily on smart contracts. These logically coded agree- ments dictate decision-making based on underlying activity on a blockchain. For example, based on the outcome of a decision, certain code may be implemented to increase the circulating supply, burn of a select amount of reserve tokens, or issue select rewards to existing token- holders.
The voting process for DAOs is posted on a blockchain. Users must often select between mutually-exclusive options. Voting power is often distributed across users based on the number of tokens they hold. For example, one user that owns 100 tokens of the DAO will have twice the weight of voting power over a user that owns 50 tokens.
The theory behind this practice is users who are more monetarily in- vested in the DAO are incentivized to act in good faith. Imagine a user who owns 25% overall voting power. This user can participate in bad acts; however, by doing so, the user will jeopardize the value of their 25% holding.
DAOs often have treasuries that house tokens that can be issued in exchange for fiat. Members of the DAO can vote on how to use those funds; for example, some DAOs with the intention of acquiring rare NFTs can vote on whether to relinquish treasury funds in exchange for assets
https : //www.settlemint.com/nf ts − blockchain − use − cases
https : //cointelegraph.com/news/what−is−nf t−staking−and−how−to−earn−income−