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Dear country without banks
No matter the size of your team, PartyDAO’s new and improved coordination stack makes teaming up for quests on Ethereum smoother than ever.
Today we’re giving you an update on Party, Membership Mints, and the new On.[-]Chain art battle!
-WMP
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In November 2022, the PartyDAO collective will party protocola protocol for group coordination on Ethereum, aka multiplayer crypto.
A month later, the group New PartyBid frontend Makes it easy to use new party protocols.
Fast forward to this month, June 2023, and PartyDAO has just Rebrand PartyBid to Party And we focused on expanding the scope of the app. Beyond its origins of facilitating NFT collector groups, Party now entrusts parties to: Any Actions you want to do together on Ethereum, from using DeFi to playing NFT games and everything in between.
Any big ideas? If contractual interaction is possible, your team, whether small and full of friends or large and full of freaks, can vote from a new-looking screen. party.app platform.
This kind of freedom opens the way to all sorts of interesting possibilities. For example, let’s say a group (myself included) started teaming up using parties. clean base ghoul floor, the ultimate goal is to collectively provide these NFTs as liquidity for sudoswap and earn revenue from it. This is an early experiment and part of what is to come.
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At the heart of Party is a crowdfunding smart contract system that allows groups to pool their ETH and buy NFTs through “buy it now” purchases, collection floor offers, and more.
Participants will be refunded if the group fails to raise enough ETH to meet their bids. If the group is successful, the participant will receive voting rights proportional to her ETH contributed.
party card, is a dynamic and tradable NFT that acts as a coordination system that tracks voting power and membership here. These membership NFTs allow group members to vote on activity proposals, claim distribution of ETH or ERC20 tokens, and more, all in a decentralized and democratic way.
Be sure to check it out if you want to learn more about Party’s crowdfunding and governance elements. party knowledge base Because it covers all these things in detail.
Previously, to join a Party group, you had to send ETH to the pool. If your bid is successful, activate your party card to receive your membership.
However, since PartyDAO has just been released, we have a new way to group things this week. Membership Mint, as the name suggests, will allow you to do customizable mints for party cards. Set a mint price plus a max supply or deadline, people can participate as they please and each mint counts as his one vote in the next party.
To demonstrate the new Party app and Membership Mints system in action, PartyDAO has launched a fun contest. The On[-]chain art battle.
One of the biggest debates in cryptocurrency right now is whether to spell “onchain” or “onchain”. It’s time to settle the matter once and for all, party style.of competitive conditions As follows:
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Through the Membership Mint, each party has 100 slots priced at 0.03 ETH each (note: these are currently being minted)
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To start the battle, both parties will each send their raised 3 ETH into the prize pool 6 ETH.
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The team then Tokengate Discord Coordinate the creation of artwork. This artwork will drop at 0.01 ETH per pop as an open edition mint that will run for 72 hours on Zora, with all proceeds going to the prize pool.
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The team with the most mints after the drop ends wins. His 20% of the prize pool will be donated to charity, while the rest of his ETH will be prorated to the winner.
It will be interesting to see how this art battle contest plays out over the next few days. This is a very fun demo of what is possible through the new and improved Party, and also paves the way for future tuning experiments on Ethereum.
From running a small art collective to running a huge NFT gaming guild, the options here are wide open and I encourage you to start thinking about all the possibilities at hand. I also got some party cards for On if you want to try it yourself.[-]chain art battle. Comment below with your ENS name/Ethereum address Within 24 hours of publication of this postthen randomly choose who to send the party card to so that the winner can enter the contest.
William M. Peester is the creator of metaversal — Bankless newsletter focused on the emergence of NFTs in the crypto economy. He is also a senior writer for Bankless’s flagship newsletter.
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