🔔Foreword:
NFPrompt (NFP) was launched on the Binance exchange on December 27, 2023 and was labeled as an AI project. This small move attracted widespread attention from investors at the time.
1️⃣What is NFPrompt?
NFPrompt is a Web3 platform focused on a community of Prompt artists, allowing users to transform their imagination into AI-generated NFTs.
2️⃣The core of NFPrompt:
NFPrompt provides AI technology support for artists, enabling them to earn more income from their creativity combined with artificial intelligence technology. The core function of the platform is to generate creative content based on prompts provided by users. Users can enter descriptions, styles or specific instructions to guide the AI engine to create unique artworks, images, videos and even music.
Once a user is satisfied with the AI-generated content, it can be minted as an NFT, embedding the artwork into the blockchain, creating a unique and verifiable digital asset.
NFPrompt's marketplace allows users to browse, purchase, and trade NFTs created by others. Users can also participate in themed events, vote on specific NFTs, and earn rewards through various activities.
3️⃣How NFPrompt works:
NFPrompt operates very simply and consists of two main groups: artists and users.
●Artists: Create images and music on the platform. Once the work is completed, artists can sell it on the NFPrompt market or participate in project activities. There are currently three AI tools supported: Midjourney_V5, Stable Diffusion, and DallE 3
●Users: Purchase artists’ works on the marketplace or participate in NFPrompt activities, such as voting.
4️⃣NFPrompt has two tokens: NFP and cNFP
●NFP: Mainly used for project management and staking.
cNFP: used for NFPrompt activities, helping artists create works using AI tools and supporting users to participate in platform activities.
5️⃣NFP Token Economics:
The total amount of NFP tokens is 1 billion, and the token distribution is as follows: Treasury Fund 27%, Growth Fund 27%, Team 15%, Binance Launch Pool 11%, Airdrop 10%, Investors 10%
6️⃣Future development of NFPrompt:
NFPrompt's core mission is to enhance the social discovery of artists and artworks, and to create a platform to promote social interaction and community communication. In the future, NFPrompt will continue to introduce social elements to allow users to share their artworks and interact with the entire community.
Combination of AI and Web3:
In 2023, as retail and institutional investors' interest in cryptocurrencies picks up, the combination of AI and Web3 is considered one of the most promising emerging investment markets. NFPrompt has successfully completed the historic large-scale staking on Binance Launchpool, demonstrating its foundational position in the field of AI and Web3.
Commitment to Fairness:
NFPrompt voluntarily reduces token allocations to private stakeholders and teams, demonstrating its commitment to the long term and community building. By modifying the vesting period, NFPrompt supports and maintains token economics, ensuring fair distribution of tokens and enhancing participation rights for the community and the market as a whole.
7️⃣What’s next for NFPrompt:
Staking and Community Governance: NFPrompt will introduce a staking mechanism to give long-term investors the opportunity to share in platform revenue. By staking $NFP tokens, investors can enjoy discounts, exclusive releases, and other platform benefits. In addition, stakers will also have more voting rights in NFPrompt's activities and governance decisions, such as the AIGC competition and the future development direction of the platform.
Inscription Infrastructure: Recently, NFPrompt launched the alpha version of the inscription infrastructure. This infrastructure creates unique inscriptions in the BNB ecosystem by simply combining user input and AI-generated content. NFPrompt aims to fill opBNB with community-generated images, videos, and music, driving a new trend in artistic creation.
SocialFi Social Features: NFPrompt is actively introducing new product features with the goal of highlighting outstanding works of art through community interaction. Although artist profiles, work discussions, and easy sharing have been promoted on Web2 social media, NFPrompt is not satisfied with this. In order to fully tap the potential of AI-generated content, NFPrompt is encouraging various social features to identify and incentivize outstanding artists and KOLs who enrich the platform content through AIGC.
🛑Summary:
As an innovative force integrating AI technology and Web3 platform, NFPrompt is committed to promoting artistic creation and community interaction.
By introducing AI-generated content technology, a sustainable ecosystem has been established, providing more opportunities for creation and communication for artists and collectors around the world, and promoting the organic combination of AI and Web3.