Distribution of Muse staking reward
A few weeks ago we announced the start of single $MUSE staking to earn $MUSE bought back using the NFT20 protocol fees. We decided to migrate to a new staking contract that offers more flexibility and safety based on the xSushi smart contract:The new contract issues Staked Muse (sMUSE), an ERC20 that offers a new range of use cases for the $Muse ecosystem.The first contract had an arithmetic error spotted by Bailey T that could have locked forever some $Muse on the contract in the long term a...
2 years anniversary community update
It’s been 2 years since the launch of the Very Nifty game that lead to the creation of the Muse DAO: An NFT venture builder owned by the community. In this article, we’ll take the time to write about some of our past releases and see where we are going. For the lookback, our past releases fit in the NFT universe and will be listed in several categories: Trading, Gaming, Tools, and experiments.NFT TradingNFT20 is our flagship product. The first NFT exchange that enabled trading tokenized floor...
NFT20 & MUSE Community Update
The Tao of Pooh the BearIt’s been a while since the last community update, in part because we’ve been growing and working on so many things that we didn’t have time to write one, but time is due.CommunityAfter 9 months of daily product iteration and investing time in the community, we are really happy with the state of things and enjoy more than ever the every day of coming to discord and discussing ideas, laughing with, and getting mad at anon pepes, a dream come true.We also see a consisten...
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Distribution of Muse staking reward
A few weeks ago we announced the start of single $MUSE staking to earn $MUSE bought back using the NFT20 protocol fees. We decided to migrate to a new staking contract that offers more flexibility and safety based on the xSushi smart contract:The new contract issues Staked Muse (sMUSE), an ERC20 that offers a new range of use cases for the $Muse ecosystem.The first contract had an arithmetic error spotted by Bailey T that could have locked forever some $Muse on the contract in the long term a...
2 years anniversary community update
It’s been 2 years since the launch of the Very Nifty game that lead to the creation of the Muse DAO: An NFT venture builder owned by the community. In this article, we’ll take the time to write about some of our past releases and see where we are going. For the lookback, our past releases fit in the NFT universe and will be listed in several categories: Trading, Gaming, Tools, and experiments.NFT TradingNFT20 is our flagship product. The first NFT exchange that enabled trading tokenized floor...
NFT20 & MUSE Community Update
The Tao of Pooh the BearIt’s been a while since the last community update, in part because we’ve been growing and working on so many things that we didn’t have time to write one, but time is due.CommunityAfter 9 months of daily product iteration and investing time in the community, we are really happy with the state of things and enjoy more than ever the every day of coming to discord and discussing ideas, laughing with, and getting mad at anon pepes, a dream come true.We also see a consisten...
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The past 8 days have been very exciting for the VeryNifty community. Contributors are joining the platform, as of now no major bugs were found in the smart contracts, we finished the major components to have a simple and working NFT app, and we are starting to see early attention from community members that want to get involved in the project, but all this wasn’t before some hiccups.
We announced the Airdrop thinking maybe 10 users will want to test the app, the internet being the internet decided for the tweet to go somewhat viral and before we knew it over 3500 people joined our Telegram expecting for something.
While Jules and Adam were on a 14 day sprint brainstorming, creating, designing and testing all the smart contracts, we didn’t think enough time about the technicalities of the airdrop. We decided to build a bot that will give a free vNFT per Telegram account.
Soon after the launch we’ve noticed many people were “gaming” the bot, we had to stop it right away for the benefit of vNFT’s future.
However, we always stated that we will continue with it as soon as we have a good solution.
Stay tuned during next week as Been, Viktor and others in the community are working on the mechanics of how it will work, we’ll share in the news channels as soon as it’s ready.
#0
The stake for vNFTs contract was the less interesting contract to work on during development in part because we knew we could replace it after launch (unlike the VNFT.sol), so we just deployed the first version we thought about, and soon enough we realized that 25 muse to mint a vNFT was too easy and would harm us. We decided right away to up the points required (now at 400) and will give more thought to Stake for VNFTs in the coming weeks.
We didn’t raise funding or did any type of presale, our main goal from the beginning was to create an open project where anyone could come in and donate from their skills and time to benefit the project overall, and for the project to not be dependent on us one day.
We are very happy with some early signs: the deisgn of the NFTs were done by someone from the community (thanks Rektmerev.eth), we’ve got a lot of help spreading the word and during launch day from Danielle. Rilainkill has been submitting graphs and helping with Telegram, Waffle opened source the VeryNifty tools (and almost gave us a heart attack), Adusigni created the FAQs, and many users shared a ton of ideas for the devs (😅).
We also got help with marketing tasks like designing the new airdrop and crafting a tweet, that went super viral and got us to ~350 followers, thanks Antonononon.
We also spontaneously tested the care taker function by giving our precious #0 to 1unicorn for the time being. This is exciting because now that we know it works and we can do a lot of interesting things in the near future, like tokenizing NFTs, different loan apps, fun philanthropy for good causes, and more.
Most crypto projects in this cycle start with a token and staking but no product, we think that’s bullshit.
We started with a product and no token, users mint tokens and we the devs get tokens if people use our app.
Soon enough we’ve noticed our users were requesting staking, so it seemed like a feature they wanted.
Today we’ve finally released staking for UNI LP Tokens. We are allocating 50 $muse a day total for all the pools.
We are using the popular MasterChef.sol contract however unlike other apps, we are requiring all stakers to own at least one vNFT alive in the gallery. This somewhat proves that they are current users (or at least know how to use the app) and long term supporters of our app.
Now that we have all the basic components ready, we can start focusing on bigger stuff. Our main goals right now is to find more artists, contributors and to start working towards listing external projects to be wrapped and take part in the vNFT ecosystem.
We like to emphasize over and over that this is all experimental and you should not invest money in us if you are expecting to make returns. This is our experiment with fair launching, NFTs and community development, we are trying to do something big or fail badly.
Stay tuned for more news coming next week as things seem to move very fast with vNFT.
The past 8 days have been very exciting for the VeryNifty community. Contributors are joining the platform, as of now no major bugs were found in the smart contracts, we finished the major components to have a simple and working NFT app, and we are starting to see early attention from community members that want to get involved in the project, but all this wasn’t before some hiccups.
We announced the Airdrop thinking maybe 10 users will want to test the app, the internet being the internet decided for the tweet to go somewhat viral and before we knew it over 3500 people joined our Telegram expecting for something.
While Jules and Adam were on a 14 day sprint brainstorming, creating, designing and testing all the smart contracts, we didn’t think enough time about the technicalities of the airdrop. We decided to build a bot that will give a free vNFT per Telegram account.
Soon after the launch we’ve noticed many people were “gaming” the bot, we had to stop it right away for the benefit of vNFT’s future.
However, we always stated that we will continue with it as soon as we have a good solution.
Stay tuned during next week as Been, Viktor and others in the community are working on the mechanics of how it will work, we’ll share in the news channels as soon as it’s ready.
#0
The stake for vNFTs contract was the less interesting contract to work on during development in part because we knew we could replace it after launch (unlike the VNFT.sol), so we just deployed the first version we thought about, and soon enough we realized that 25 muse to mint a vNFT was too easy and would harm us. We decided right away to up the points required (now at 400) and will give more thought to Stake for VNFTs in the coming weeks.
We didn’t raise funding or did any type of presale, our main goal from the beginning was to create an open project where anyone could come in and donate from their skills and time to benefit the project overall, and for the project to not be dependent on us one day.
We are very happy with some early signs: the deisgn of the NFTs were done by someone from the community (thanks Rektmerev.eth), we’ve got a lot of help spreading the word and during launch day from Danielle. Rilainkill has been submitting graphs and helping with Telegram, Waffle opened source the VeryNifty tools (and almost gave us a heart attack), Adusigni created the FAQs, and many users shared a ton of ideas for the devs (😅).
We also got help with marketing tasks like designing the new airdrop and crafting a tweet, that went super viral and got us to ~350 followers, thanks Antonononon.
We also spontaneously tested the care taker function by giving our precious #0 to 1unicorn for the time being. This is exciting because now that we know it works and we can do a lot of interesting things in the near future, like tokenizing NFTs, different loan apps, fun philanthropy for good causes, and more.
Most crypto projects in this cycle start with a token and staking but no product, we think that’s bullshit.
We started with a product and no token, users mint tokens and we the devs get tokens if people use our app.
Soon enough we’ve noticed our users were requesting staking, so it seemed like a feature they wanted.
Today we’ve finally released staking for UNI LP Tokens. We are allocating 50 $muse a day total for all the pools.
We are using the popular MasterChef.sol contract however unlike other apps, we are requiring all stakers to own at least one vNFT alive in the gallery. This somewhat proves that they are current users (or at least know how to use the app) and long term supporters of our app.
Now that we have all the basic components ready, we can start focusing on bigger stuff. Our main goals right now is to find more artists, contributors and to start working towards listing external projects to be wrapped and take part in the vNFT ecosystem.
We like to emphasize over and over that this is all experimental and you should not invest money in us if you are expecting to make returns. This is our experiment with fair launching, NFTs and community development, we are trying to do something big or fail badly.
Stay tuned for more news coming next week as things seem to move very fast with vNFT.
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