Any NFT you own, without changing it, have it's pixels separated and form a new NFT/token on @zora. Original NFT artist earns royalties + tokens
I tokenized - Dammit! #07757 by @cartyisme on @panicdotfun. Maybe he'll earn a $1 or 2.
https://t.co/KOZtbqiRy9
everyone else copies the same launch pad
we think its a sign to create something new
use any nft as the seed to create a PANIC coin
and split rewards 50/50 with the original creator
powered by @zora@base@0xSplits
so how does it work?
1. you click "create panic" on an nft you own
2. we fetch the original NFTs contract owner
3. @0xSplits contract is deployed that splits anything that lands in it 50/50 between you and original creator
4. @zora sends 1% of coin supply + ongoing swap fees to that split address whenever the new coin trades
when you create a PANIC coin:
- 1B coin supply drops
- 1% of supply split to you + artist
- you both earn on every swap
remix your bag, share the spoils
so @yonfrula doesnt want to create coins - maybe too much risk, obligation, dilution, etc.
so i created a panic coin from his art. its not official, not endorsed by him and he has no obligations to it.
but now he has 5,000,000 new coins sitting in his wallet of this creative derivative.
exactly what @panicdotfun is trying to explore.
.@panicdotfun is a new kind of creative onramp:
one click to turn any NFT into a coin
unique, generative art
powered by collectors
to create something new
a remix engine for market energy