We weighed several factors in making a final decision on which trade to accept. We care about more than just the economic value of a trade; we value the culture, story, and journey of the NFT as well. We also had to make a hard call about whether to honor the past or push towards the future. Our final poll after hours of discussion was a dead heat:
It wasn’t easy, but we ultimately decided to go with a trade that highlighted the future of NFTs.
PaperclipDAO now owns a 1/5 SE Earthen Concept Art Card, which can be used in Parallel, a sci-fi collectable game composed of digital collectible cards that can be combined into decks that dictate the game (think Magic at the Gathering or Pokemon). The Earthen Concept Art NFT was given only to early supporters of Parallel, and it's gratifying to see people taking the opportunity to recount the NFT's unique history.
It’s a promising future for digitally scarce, playable cards, and since the purchase of these NFTs funds the development of the game itself, it also demonstrates the wide range of utility of NFTs. Who knows, maybe the team will let us bestow some magical paperclip power? 💫
This decision wasn’t easy; we were blown away by the offers we received and quickly realized that the hardest part would be parting with the incredible NFTs that we couldn’t accept. Check out the full Round 1 offer thread to see all the amazing offers.
Given the quick turnaround, we only have time to highlight a few of our favorites. In no particular order, here is our homage to the ones that got away in Round 1:
Our very first offer came from JPG’s Maria Paula Fernandez, who just plain got it and proposed a trade for simulacra before we had explained the project at all. Legend. EDIT: There was actually a tie for the first offer, with @AdrianLeb offering a lovely BlockArt at the exact same time as MP, making them co-legends.
Adam Cochran offered this Cool Cat, complete with sunglasses and a great story. As competition heated up, he increased the offer to 4 Cool Cats. Adam later put forth an offer that absolutely blew his first two away! He proposed a collection of 14 historic NFTs, in a collection titled Moments in Our History. This collection represents unique fists, influential artists, and rare defunct collectibles that helped shape the NFT space and have led to the NFT renaissance we're living right now. It’s an excellent read.
MoonCatRescue is absolutely one of the great NFT stories, with a community rediscovering and rescuing these Mooncats that have been “trapped” since the project began in 2017 (!!!). No way to do it justice here--you have to read about it. We were lucky to be offered several Mooncats (this one, this one, and this one).
Folia’s Kudzu virus is the genius brainchild of Billy Rennekamp, one of the NFT OG’s (with the NFT to prove it). There’s nothing else like it--it’s a permanent NFT that will never leave your wallet. When you send it to someone it mutates and they get their own, permanent, NFT. We were offered 2 (this one and this one).
Calvin Liu offered up a Non-fungible Pepe, which was a close contender (see final poll above). Creator Matt Furie is well known for creating Pepe the Frog back in 2005 for a comic called “Boys Club,” which subsequently went on to become the Internet meme that we all know and love.
@JordanLzG splashed the pot by offering The Title Open Edition by Pak. Pak is an anonymous creator at the forefront of experience-based art. His work was recently auctioned by Sotheby’s and his collection The Title (from which The Cheap hails) was one of the best NFT-based experiences in 2020. We were also offered 3 in Pak’s The Flipper series.
For the real OGs, we were offered a very rare 5x symmetrical clover (from Clovers.Network) of which only 55 were ever found. It has symmetry in both diagonals, x & y axes, and rotationally. It’s also a very lucky four leaf clover!
Each of these offers makes our story all the richer and we couldn’t be more excited about our first trade. In Round 1, we picked the future. But the past always has a way of coming back... Round 2 starts now! 🖇🖇
Propose a Swap for Round 2
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