While sitting on my bed today I had a thought, I'm too busy trying to change my own life that maybe I have become selfish.
After all, this NFT space allows people to make huge amounts of money, life changing money, but not everyone is going to make it despite what the wagmi crowd say!
I've known about a project called Creeptures for a while but not been able to buy one of them because it's too expensive. The idea is that 27% of royalties are split between the holders of Creeptures 1-9 and 3% is split between holders of #10, this is a special edition of 25 pieces and is also currently the cheapest in the collection at 1.75 ETH. All future drops are included in this dividend and so far there are 19 available. Their royalty commission is 10% on each sale.
I'm not sure what value is in any of the Creeptures over #10 but in their most recent drop which takes place via auction they were selling for up to 4 ETH. Crazy.
Here's a photo of the sky
Basically, I want to create something similar to that but more accessible and hopefully change the lives of a small amount of people.
My plan is to create 10 individual pieces, I'm crap at drawing so they will be some random pieces that I've had a go at, not lazily drawn, I'll have a good go but don't expect a masterpiece! Then once they are done I will release them 1 a day for 10 days. I will have to work out the finances but I would like to promise something like the following:
- 50% of sales and royalties (primary/secondary) will be split equally once a week between holders 1-10
- 20% will go to purchasing other assets (crypto/NFTs) for a community wallet which is decided on 100% by the community I hope to build.
- 10% held back for miscellaneous things, I don't know what but having an emergency fund is never a bad thing. Possible raffles, giveaways, random good deeds, who knows.
- 20% to me, I want to help my family and myself and 9-5 is a killer!
This is obviously going to be a work in progress but the good thing about communities is that they share knowledge and experience and ultimately the people have the power to decide the outcome, a real democracy!
The main benefit will be holding to receive your payout every week but if the time comes to sell I hope to create enough value that the lump sum the seller receives is enough to impact their lives in an important way. I will also have to consider the value in holding any pieces beyond #10 in my collection, I don't want it to become saturated so maybe 25 will be the limit.
Once I've worked everything out I will release full details but if you'd like to help shape the community and be part of this project that can hopefully change the lives of a small amount of people then join the Discord and let me know what you think ✌️
Join The 720 Collective on Discord - https://discord.gg/XA2zpMcg36
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