We chose the $BONK ecosystem for MPL-404 / $BONKI.
$BONK launched in December 2022, when the Solana ecosystem was largely NFT enthusiasts who had gained and lost wealth. Bonk delivered the chain's largest airdrop to many NFT holders.
Bonk helped the NFT community transition to SPL tokens, improving liquidity for trading.
Nearly three years later, MPL-404/Hybrid by Metaplex enables us to support art, community, and uniqueness while leveraging liquidity pools through fractionalized NFT positions.
Your NFTs represent tokens; your tokens represent a fraction of an NFT.
Bonkinals blur the lines of fungibility.
Let BONK ❗️ @bonkfun
Bonkinals is the first MPL-404 NFT collection where 100% of the NFTs are backed by 100% of the SPL-Token counterpart.
The SPL token, $BONKI, has been launched on @bonkfun to support the $BONK ecosystem as this is where our art takes inspiration from.
Just the beginning.
@SolportTom@bonkfun Your support in our mission to normalize MPL Core collections utilizing MPL-404 paired with BonkFun SPL tokens would go a long way.
1 million $BONKI = 1 #Bonkinals NFT
1,000 NFT collection
0 fees for bridging back and forth.
Bridge @ https://t.co/A0T64L2dnT
The #Bonkinals cult is forever.
Comment with your wallet address + Bonkinals PFP for a chance to win a free $BONKI NFT airdrop today.
Must hold 1 Bonkinal NFT to participate.
🎁Drawing in 12 hours.
g'bonki ☀️
An additional 3.1 million $BONK has been airdropped to #Bonkinals NFT holders 🪂
Mint one today for 1,000,000 $BONKI @ https://t.co/A0T64L2dnT
#Bonkinals is now verified on x 🐶
MPL-404 enables a blurring of the lines between Fungible and Non-Fungible
A divide that separated assets for years, has come to an end.
$BONKI = Fractionalized #Bonkinals.
Get yours @ https://t.co/A0T64L2Ldr
Keep in mind airdrops will continue to roll out to #Bonkinals NFT holders!
Be sure you swap your tokens in for your own 1:1 #Bonkinals NFT and earn just by holding.
https://t.co/xoZaP6b4vx
Buy $BONKI, trade it in for a #Bonkinal, and earn rewards for holding.
DDbEuvSHVBPZ9MCiwMuycwmH88E6i1WyMKzmyQRxbonk
4.8 Million $BONK ( ~ $117 ) has been distributed across 14 holders holding 23 Unique #Bonkinals NFTs.
This was a test run for our revenue sharing. NFT Holders have gotten ~ $5 / NFT in revenue so far with expectations to ramp it up in the near future.
$BONKI - Rev Share Live!
4.8 Million $BONK ( ~ $117 ) has been distributed across 14 holders holding 23 Unique #Bonkinals NFTs.
This was a test run for our revenue sharing. NFT Holders have gotten ~ $5 / NFT in revenue so far with expectations to ramp it up in the near future.
$BONKI - Rev Share Live!
Problem
Traditional NFTs: all-or-nothing. Need full funds to buy or miss out on ownership & benefits.
Solution
MPL-404 offers fractional ownership. Each Bonkinal = 1M $BONKI tokens, enabling gradual accumulation.
- Start w/ any amt, even $1
- Convert to full NFT when ready
$BONKI can be converted to #Bonkinals NFTs for 1,000,000 bonki @ https://t.co/A0T64L2dnT
There is no bridge fee, and they can be released back to the escrow for your tokens back at any time.
Welcome to the future. Welcome to liquidity fungibility.
Awesome to see NFT and memes combining, for the zoomers out there back in the day there used to be a concept called SPL-404 where you could mint an NFT for 1000 tokens, and then sell your nft for 1000 tokens was hype for like 1 month until it died but this was before the memecoin cycle really popped, I still speak to a lot of NFT founders and they're all just happy to see some volume back lol
❗️We've been live for 13 hours❗️
Accomplishments:
- Launched first 404 Hybrid Core Collection on @bonkfun.
This links the $BONKI SPL token with the MPL-core NFT Collection, bonkinals, using MPL-404 Hybrid.
https://t.co/WflUorsne6
- $8k in TVL $BONKI / $BONK LP
This earns passive $BONK, supporting the ecosystem and rewarding NFT holders with fees.
- Applied for Verified Organization (gold check) to enhance legitimacy and visibility on X.
More updates around the corner.
$2200 has been added to our $BONKI / $BONK permanently locked pool this morning ❗️
> $370 in $BONK fees have been collected and rolled back into the pool to sustain the growth.
Once our pool is sustainable, fees will go to Bonkinal NFT holders.
https://t.co/0iKv10jLfr