๐Ÿ†๐Ÿ”– CW Collector's 1st Edition NFT Bookmarks: Use of funds

About a month ago I started to release free-to-collect NFTs to commemorate each released chapter of The Childseeker's War. Anyone can collect these by subscribing to my Cent.co page.

โœจ The Collector's Editions are shiny, gold paid versions of each bookmark.

๐Ÿ’ณ Cent is experimenting with purchase by credit card, in pursuit of making web3 experiences align more with web2 expectations.
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๐Ÿ’ฒ Pricing and mint limits

The Collector's Edition NFT Bookmarks will be priced anywhere between $2 and $20 USD. The initial chapters will have a max mint limit of 25, though the supply will be less if subscribers don't scoop them all up.
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๐Ÿ’ฐ Use of funds (overview)

  • 5% goes to Cent
  • 25% will be used to increase the prize pools for Childseeker War giveaways
  • 25% will be used to support web3 writing community and DAO initiatives
  • 20% will be moved into the Hive blockchain to support the chain
  • I will retain the remainder (25%) for personal use
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๐Ÿ’ต Use of funds (details)

๐Ÿง 5% to Cent

This is the current processing fee for transactions.
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๐ŸŽ 25% for Childseeker War giveaways

Every week, I run giveaways here on Hive for new and loyal readers alike. I currently fund them out of pocket, and will continue to do so! But it'd be amazing to give them a significant boost with some income from supporters. Even a single sale per week would have a noticeable impact ๐Ÿ™‚
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โœ’๏ธ 25% for web3 writing guild and DAO support

The Scholar and Scribe creative writing community is instrumental to my efforts in serializing fiction on web3. It is the glue that connects the vision of general web3 publishing to authorship here on Hive. Support with funds could manifest as:

  • Developing utility for the community tokens (e.g. a buyback wall, helping fund dev work, creating new fiction projects)
  • Boosting community prize pools
  • Increasing paid marketing efforts (e.g. Ecency or PeakD boosts)
  • Delegating HP to the community account

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The DAO in question is PageDAO, which has already forged a partnership with S&S. Where S&S focuses on community and content, PageDAO is deep into the interchain technology of web3 publishing. They've successfully created a gorgeous NFT Book minter for Polygon and are rapidly expanding towards proliferation on the Cosmos 'internet of blockchains.'

I think PageDAO is well positioned to ride the next wave of web3 up as a leader in the publishing space. Support for this DAO may include:

  • Elevating their presence and impact here on Hive
  • Contributing to liquidity pools across key chains
  • Developing and managing marketing efforts as part of the DAO
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๐Ÿ 20% for Hive support

It all revolves around Hive for me, so I want to make sure the general ecosystem sees some benefit from any of my non-Hive NFT sales! I don't have a specific plan for where the funds will go besides being turned into HIVE tokens, then being powered up (staked) or spent supporting other communities and projects on the chain.

Some of my favourite Hive projects, apart from S&S, include: Hive Pizza, Rising Star, dCrops, Listnerds, DreemPort, and many more!
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๐Ÿš๏ธ 25% for personal use

None of this works if I can't pay the bills! This initial sale of Collector's Editions is also something of an experiment to gauge how drawing income from web3 even worksโ€”tax time will be interesting to say the least.
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๐Ÿ› ๏ธ Utility

Currently, the only utility offered by these NFTs is in the support initiatives described above. If you believe in what I'm doing and/or writing, buying these NFTs will further enable me + the organizations I support.

The NFTs can be sold and transferred on the Polygon network, as you'd expect.

I have all kinds of future wishes and intents for adding gated content, exclusive access, airdrops, etc. etc. for holdersโ€”but all that relies on my getting access to the right tech and being able to continue this wacky web3 publishing adventure. I don't like making promises like that before the functionality has arrived, no matter how bullish or enthusiastic I may be ๐Ÿ˜œ. So please consider these NFT as collectable content only, and assume that's all they may ever be!
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๐Ÿ”ฎ Future Editions

I intend to create 2nd and 3rd editions of these bookmarks, likely on different chains. The whens and wheres of that have yet to be determined.

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About the Scholar and Scribe Community

Scholar and Scribe is a new creative writing community founded in the forges of Hive's passionate Pizza Guild. It sets itself part from some of the other writing groups on Hive with its unique dual-token system.

[ Quick token guide โ€ข S+S 'Whitepaper' ]

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Thank you for stopping by. I own the license to all images in this post, except for the Scholar and Scribe banner icons, which were designed by @trashyomen.

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