PaperclipDAO’s landmark first trade… and a tribute to the NFTs that got away

Matt Stephenson
Matt Stephenson
0x5BA0
Dame.eth
Dame.eth
0x3B35
Diana Chen
Diana Chen
0xcEd0
justinehy
justinehy
0xeD11
iain nash
iain nash
0x18C8
jawn
jawn
0xbC68
nanexcool
nanexcool
0x72BA
one of the many matts
one of the many matts
0xEC6d
August 13th, 2021

We just made our first trade! Paperclip DAO has swapped one $PAPER/$CLIP NFT for the 1/5 SE Earthen Concept Art Card offered by @bitcoinPalmer. Palmer welcome to PaperclipDAO! 🖇

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.
  • A $HASH of the @paperclipDAO UNIv3 NFT was also minted and proposed. Proof of Beauty is stunning. Just look at them. And to honor our project with a mint of the $PAPER/$CLIP NFT floored us. Sisyphus also offered an original Proof of Beauty, for Beeple's first Everydays mint on-chain in another historic NFT moment offered for the first trade.
  • 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.
  • In a very special offer, devops199fan offered #404/420 of the EthereumFilm Infinite Garden Bloom NFT in collaboration with the one and only pplpleasr 🤩 . Each NFT is tied to select on-screen credits in the film, which will be the first feature-length Ethereum documentary and the first documentary funded via NFTs.
  • Astrocryptids is a charming little project where a twitter transmission bot “beams” mysterious code to an artist who then creates algorithmic sprites with a unique star code. We were offered 7.
  • Artblocks is the premier name in abstract NFT art, and among several Artblocks curated pieces we were offered was a gorgeous Rinascita.
  • Jonathan Mann, the songadaymann himself, wrote us a song about the man that did/didn’t invent the paperclip! This ranked the highest in paperclip-iness! Truly the one that got away. He’s since started an auction for the song on Zora.
  • 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!
  • We were offered a Pudgy Penguin, a Meebit, and a baby Bored Ape - a nod to the many emerging icons of the NFT world.

One interesting offer included all three NFT standards: an ERC-20 (an $XMON), ERC-721 (an Artblocks), and ERC-1155 (a Parallel)

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
sudoswap.xyz

↳ Only For: 0x87EE1158bEe297c381745284dcb2E54fA03EB5f2 (paperclipdao.eth)

↳ Want Type: ERC1155
↳ Want Asset Address: 0x76be3b62873462d2142405439777e971754e8e77
↳ Want Token ID: 42
↳ Want Amount: 1.0

↳ Have: Your NFT or bundle of NFTs!

↳ Post it: in the #offers channel of the paperclipDAO discord.

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6jqX68fZXxBJP4q1pebbiKNviDzTyJNepvbL4i7Erxc
Ethereum Address
0x5BA02f4Ff6Af1d9d2Af8774D10fD32Eb57d4E2E6
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KeLHSn7eYvfMO62YKttiOgyGyvW0Bt2_AbxYeG8aAB4