Member-only story
Last week, I joined my first NFT collectible project. I had collected NFTs before, but this was the first time I got into one of the generative avatar types that have been trending over the past months. The collection I am now part of is called “Fame Lady Squad.” I had a blast, learned many new things, and changed my perspective. In this article, I share my experience, and I tell you four reasons why I think you should join one.
First of all, If you aren’t familiar with digital collectible projects, here is how they work. Usually, a team of two to five people (primarily developers and artists) designs a theme. A theme could be an animal like an ape, a cat, or, like the one I joined, a lady. In addition, they design traits or attributes. For example, a trait could be different skin colors, eyes shapes, or accessories like rings or tattoos. Depending on the project, there could be tens to hundreds of other traits. Then, they take advantage of generative algorithms, which smartly combine those traits to produce a massive amount of avatars. As the combinations are random, it is possible to come up with items rarer than others, affecting the pricing of such objects. Anyone could’ve minted an object for around 0.02 Eth ($40) + gas if you were fast enough to do it before they sold out. 🙃
