What is NFPrompt? NFPrompt is an innovative AI-powered user-generated content (UGC) platform for web3 creators. So what’s special about NFPrompt? Let’s find out with Weakhand in this article.
Before jumping into the article, everyone can refer to some of the following projects to better understand.
- What is Blur? Blur cryptocurrency overview
- What is OpenSea? Overview of OpenSea cryptocurrency
- What is NFT Marketplace? Operating mechanism and some prominent NFT Marketplaces
Overview of NFPrompt
What is NFPrompt?
What is NFPrompt
NFPrompt’s goal is to open a new path for the creative economy and community building by combining the decentralized features of Web3 and the intelligence of AI. At present, NFPrompt has attracted a total of 180,000 creators and has created 1.2 million NFT works. This is a good start for NFPrompt to realize its initial goals.
Mechanism of action of NFPrompt
NFPrompt introduces the Imagine2Earn model, which allows users to create multiple assets (AIGC) through AI tools (such as Midjourney v5 and Stable Diffusion) and monetize the NFTs they create, mainly for Helps ordinary people become professional creators easily.
For example: Users can use NFPrompt to create unique and intuitive NFTs such as images, videos, PFP avatars, music, etc. from a simple piece of text. One thing to note is that to create NFTs and list them on the market, users will lose an amount of cNFP tokens and a small gas fee in BNB on the opBNB network.
In addition, to highlight excellent works of art, NFPrompt also applies a royalty fee every time the prompt (i.e. the description to create an NFT) is reused and this royalty fee will be transferred to original creator. Another thing worth noting is that the same prompt will generate similar but never identical content. This model facilitates the trading and circulation of these NFTs for monetization through AI-powered creativity.
For example, the following Prompt: “Two penguins, cute, walking in the ice and snow, accompanied by the aurora behind them.” will produce the same content but the images will be different.
Same prompt but will produce many different images
What is the difference of NFPrompt?
NFPrompt will bring some highlights as follows:
- Introducing various login methods from gmail, Twitter to Connect Wallet makes it easy for newcomers to join the platform.
- Experience without gas fees: Currently, NFPrompt is running a campaign with completely free gas fees for users who participate in creating and listing NFTs on its platform. After the campaign ends, because NFPrompt is deployed on opBNB – layer 2 of BNB Chain, gas fees are also significantly reduced.
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Set up a Profile page to facilitate community interaction and showcase each creator’s creativity. Top creators and influencers are verified and have exclusive badges on the platform. To date, over 100 influencers (with over 10k Twitter followers) have joined NFPrompt.
Development Roadmap
In the future, NFPrompt will bring interesting features to users such as:
- Artist galleries and communities: NFPrompt’s goal is to have a space where enthusiasts can explore art and evaluate artists’ ideas, much like a traditional gallery.
- Art discussion: Create opportunities for discussions between creators, collectors and AI art enthusiasts.
- Launching the auction market: Support famous artists or organizations who want to auction their precious AI NFTs to collectors.
- Improve user experience: In the future, NFPrompt will have a number of enhancements that will make it easier for creators to customize their artwork and actually create the NFT results they desire.
Core Team
Update….
Investor
According to information from the project, NFPrompt has received seed round funding in the early stage with a valuation of 60 million USD.
Tokenomics
Basic information about the NFPrompt token
- Token Name: NFPrompt
- Ticker: NFP
- Blockchain: opBNB
- Contract: 0x75E8ddB518bB757b4282cd5b83bb70d4101D12FB
- Token Type: Utility, Governance
- Total Supply: 1,000,000,000 NFP
Token Allocation
NFP Token Allocation
- Investors: 10%
- Airdrop: 10%
- Binance Launchpool: 11%
- Growth Fund: 27%
- Treasury Fund: 27%
- Team: 15%
Token Release
- Airdrop and Binance Launchpool will be 100% unlocked at TGE
- Team & Investor will be locked for 1 year then unlocked linearly for the next 5 years
Token Usecase
NFP token holders will receive some of the following benefits:
- Participate in governance and voting
- Use in buying, selling, minting NFT activities on NFPrompt
- Join Staking
Exchanges
NFP tokens are traded on some major Cex exchanges such as: Binance,…
Information Channel of NFPrompt Project
- Website: https://nfprompt.io/
- Twitter: https://twitter.com/nfprompt/
- Discord:
summary
NFPrompt brings a new approach when applying AI to the NFT creation process. Above is all the information that I want to introduce in this article. I hope everyone has useful knowledge about NFPrompt.
