Nifty: A fair(y) tail about life on the blockchain
In 2017 we saw the rise of crypto-collectibles driven by the cat-aclysmic breeding of kitties on the Ethereum blockchain. Thousands of freshly minted cats found their owner and multiplied on the blockchain. Since Crypto Kitties a lot of collectibles appeared on the Ethereum blockchain, collectors and gamers filled their wallet with all sorts of NFTs. From numbers, monsters, countries, cars, pieces of abstract art: everything was suddenly collectible. Some kept their value, but mostly ended forgotten.
In 2018, an awesome experience was done on the Nimiq blockchain. As the Nimiq blockchain allowed miners to use their computer for generating value the game could let you own a living pet on the blockchain. The pet had to be fed with food to stay alive and you needed to buy the food with the coins your computer was mining by just staying on the webpage. The pets were loved but the game unfortunately missed interaction. The Nimiq blockchain is not primarily designed as a smart contract blockchain, tools, and standards like ERC721 (NFT) were missing.
It’s now 2020, the world was hit by a pandemic, while the small world of crypto users is experimenting on governance, yield farming, flash loans… As the Ethereum ecosystem continues to improve faster than the speed of light. Connections between the different topics, similar to dots appear and take life into dapps and protocols.
It’s in this context that we decided to combine those years of experience into a project. What if NFTs could have a life, they would grow and evolve with you, could die if not taken care of, could be exchanged, traded based on some intangible value. This is what we’re doing at VeryNifty, let us give you more details about our first game: the Nifty Museum (launching October 9th).
Enter the Very Nifty Museum
Players will be able to give life to their favorite NFT (ERC721). Giving life to your token will require the type of NFT project to be whitelisted by the community. Transforming your collectible to a vNFT (very NFT) is a one-step process that you’ll be able to do on our website.
Your freshly minted vNFT is born with 3 days worth of life. You can use your vNFT to mine $muse tokens up to 2 times per day. The tokens will be used to buy gems and objects to keep your collectible alive and grow in the gallery’s leaderboard. Gems will have different prices and attributes. Some will keep your collectible alive longer, some will give him a higher score while balanced gems are also available. Feeding your collectible and keeping it alive will improve its score.
The higher your NFT score the more $muse token he’ll be able to mine per day. Keep taking care of it and you’ll be rewarded with $muse.
If somehow you forget about your collectible, he’ll starve. When a collectible is dead, other players can decide to burn it. If another player burns your NFT, part of your NFT score will be rewarded to the user that executed the burn.
The hardly earned $muse tokens can also be staked to get reward, this happens in two simple ways:
- Provide $muse liquidity in pools to get more $muse.
- Burn $muse to wrap your existing NFTs.
- Stake your $muse token to be able to mint new vNFTs.
No rug pull certified
The VeryNifty co-founders never met IRL and live across the world from each other. They met online 4 years ago and have been collaborating on ideas and projects since then, it’s a hard feeling to describe knowing someone for 4 years while still being strangers to each other.
During this time in the always evolving crypto industry, we saw craziness, euphoria, stupidity, and drama. While always laughing about all the meme projects, we built some sort of trust and noticed we share similar values. It was really important for us, that the thing we build is fair and fun for anyone:
Join our Telegram group before October 9th to get participate in the airdrop. Every player will be able to claim one vNFT, those initial vNFTs will be the ones to mint the first $muse as zero reserve is allocated to the team and no VCs or external investors were allowed to participate.
The devs will have to participate in the game with the same rules as the community to earn $muse.
The team’s development fund will be aligned with the incentives from the community: 10% of every $muse used to buy gems will be allocated to a dev fund that will help incentivize designers, developers, and partners around the VeryNifty Universe.
Every artist needs a $muse
While vNFTs produce $muse tokens for their owner. You’ll need to keep an eye on your vNFT to keep it alive. Once a precious collectible starts starving: a horde of jealous players will have the opportunity to burn your vNFT in exchange for some of your score points.
This mechanic will enable pets without much value to keep living safely even without much care. But precious collectibles will be hunted by other players. This dynamic offers an opportunity for players to level up their NFT against a transaction fee. It’s up to them to decide from what level attacking other NFTs is profitable. You can grow your pet by:
- Giving him gems
- Burning other evolved vNFT when they are starving to steal their score
- Buying $muse on the secondary market
A museum so wide we didn’t finish exploring yet…
This experimental game will open a lot of actions. Players might imagine them as pet owners, hunters, traders, liquidity providers, and arbitrageurs. The DeFi legos and Ethereum ecosystem brings to the museum easy and native solutions for trading your vNFTs inDEXes, secondary markets (Opensea), and a ton of other exciting projects we could partner with.
Other projects will also enable new mechanics and projects to be built on top of the VeryNifty platform. Our vNFT offers a simple way for other applications to judge the value of different NFTs. It also allows another contract to plug in and control a set of vNFTs.
We’re curious about new things that can be done. Hope this first step will delight you!