Blind Boxes, the first gamified curation platform and accelerator for NFTs recently announced the launch of their first tokenized fundraising platform for NFT creators and brands: the Blind Boxes Launchpad. This decentralized crowdfunding solution will enable collectors to invest in NFT projects directly and earn passive income from the future sales. The launchpad release operates similar to an initial dex offering (IDO), but will cater to creators on the platform.
About the Blind Boxes Launchpad:
- Launchpad is a tokenized fundraising platform for NFT projects
- Launchpad enables creators/brands to sell custom tokens to raise funds to support the creation of NFTs
- Similar to an IDO platform for creators
- Collectors benefit by becoming early investors in exciting projects while earning royalties from future NFT sales
- Launchpad goes live today as we begin accepting applications from creators
How it works:
Launchpad enables creators and brands to host decentralized tokenized funding campaigns, right on the Blind Boxes platform. Well-established creators, associations of artists, and emerging creative brands are encouraged to apply. Applicants should have an established portfolio of work and an engaged community of fans. Projects should also have a clear plan for the use cases and utility of their social token.
Projects will be reviewed by an internal committee on a rolling basis. Blind Boxes aims to present their community with innovating, promising, high quality NFT projects. After projects pass the initial review by the team, they will be presented to the BLES community. BLES token holders will be able to cast votes to decide which projects will launch each month.
Once the launch date is set, the projects will mint a predetermined amount of custom/branded ERC-20 tokens. This process will occur on a platform external to Blind Boxes. Blind Boxes will run creative marketing and PR campaigns to raise awareness about the tokensale. We will leverage the strength of our existing network and tap into adjacent communities to promote projects participating in Launchpad. BLES token holders, that complete KYC, will be invited to participate in the social token sale. The event will continue until the project’s public allocation of tokens is sold out.
Social token holders will receive unique benefits after participating in the launch. The utility of each token will vary by project. One feature that will always be present will be a mechanism of profit-sharing between the creator and the token holders. For example, token holders may receive royalties from the creator’s future NFT sales. The BLES community will have exclusive access to these social token funding events. BLES token holders will also receive priority status on the token sale whitelist.
About Blind Boxes
Blind Boxes is the first gamified curation platform and launchpad for NFTs. Our unique selling model boosts sales, liquidity, and hype for creators and brands while allowing collectors to unbox and discover rare digital assets.
Via the Blind Boxes Marketplace, collectors unlock sealed packages of NFTs from curated pools of assets. Our transparent commission structure incentivizes independent contributors to produce bespoke mystery box collections, featuring top-tier talent and emerging artists.
Through the Blind Boxes Launchpad, creators can host decentralized crowdfunding campaigns. This enables creators to sell customized social / community tokens to raise funds to support the creation of future NFT projects. Launchpad allows collectors to be early investors and earn passive income from the sales of the creators’ future work.
Photo by Dimitar Belchev on Unsplash
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