Welcome to the Web3 world, where digital finance and applications are shown in a revolutionary way through the fusion of blockchain technology, cryptocurrencies, and a pioneering spirit. Are you overwhelmed by the wealth of terms in the Web3 world that you don’t understand? Are those slang barriers preventing you from learning about Web3? Don’t worry! We’re here to explain the obscure terms to guide your learning. Today, we're diving into an essential concept in the world of Web3: [OC Genesis NFT].
A Genesis NFT is a unique digital asset that represents the first batch of NFTs issued by a particular project or platform. Think of it as a “first edition” in the world of digital collectibles. These tokens are often highly sought after due to their rarity and the historical significance of being the inaugural assets of a given collection. Open Campus Genesis NFTs were a free mint, serving as a reward for our loyal and longstanding supporters, launched on the BNB Smart Chain in June 2023. The collection comprises two tiers: Golden Backpacks and Silver Notebooks, both offering unique perks and benefits within the Open Campus ecosystem.
Genesis NFTs offer various use cases and utilities within the Open Campus ecosystem. Here are some of the key benefits:
●EDU Airdrop: Holders receive periodic airdrops of EDU tokens, rewarding their loyalty and participation. ●Complimentary Credits: Genesis NFT holders get free credits to spend on subsequent Publisher NFT sales.
●Revenue Share Enhancement: By staking Genesis NFTs alongside Season 2 Publisher NFTs, holders can increase their Co-Publisher revenue share by up to 49x.
●Exclusive Access: Genesis NFT holders enjoy early and special access to future asset sales and product launches by Open Campus.
●Stackable Benefits: Multiple Genesis NFTs can be stacked, amplifying the benefits and rewards for holders.
●Early Access to Publisher NFT Sales: Genesis NFT holders get early access to future Publisher NFT sales, ensuring they have the opportunity to acquire these valuable assets.
●Boosted Revenue Share: When combined with Publisher NFTs, Genesis NFTs can significantly boost revenue share, maximizing returns for holders.
●Community Recognition: Owning a Genesis NFT signifies being an early supporter and a valued member of the Open Campus community.
●Future Perks and Benefits: Continuous updates and enhancements mean Genesis NFT holders will keep enjoying new and exclusive perks as the Open Campus ecosystem evolves.
●Rare and highly coveted, these NFTs offer significant perks within the ecosystem.
●More common but still valuable, providing substantial benefits to their holders.
The Open Campus Genesis NFTs mint took place in early June 2023. Here are the details:
●Mint structure: Mint was only available to mint list holders, with no public mint stage. Unminted NFTs were minted and sent to the Open Campus treasury.
The mint list froze on June 5, 2023. However, the Open Campus team and community partners ran regular promotional campaigns, allowing many to join the movement before the mint date.
To check if you are on the allowed list, visit opencampus.xyz/eligibility. ●Gas Fees: The mint was gasless, but transferring NFTs to another wallet required BNB for gas fees.
If you submitted your ETH wallet address on the allow list but the mint is on BNB Smart Chain, ensure your wallet is accessible through MetaMask, Coinbase Wallet, OKX Wallet, or other EVM-compatible wallets. You can mint by connecting your wallet that has access to the original ETH address and switching the wallet’s network to BSC. In case your original ETH wallet address on the allow list is a smart contract address, you will not be able to access the mint. Create a ticket in the #support-ticket channel on the Open Campus Discord for assistance.
Genesis NFTs are more than just digital collectibles; they represent the birth of a project and its early supporters. By understanding the significance and potential benefits of owning these inaugural tokens, you can navigate the Web3 space with greater confidence and insight. Whether you're a collector, investor, or enthusiast, Genesis NFTs offer a unique opportunity to be part of blockchain history.
If you would like to learn more about Web3 terms, let’s explore more in our HackQuest Web3 Glossary!
