NFT culture is becoming a new trend now. Celebrities are launching their own NFTs and selling them on the marketplace. No doubt, a new business has emerged from these NFTs. Recently, one such celebrity, Logan Paul, has launched its own NFT collection. In this post, we will cover Logan Paul 99 Originals NFT.
Logan Paul has launched its own website named Logan Paul’s 99 originals. Logan wanted to be the biggest entertainer in the world. Then, he started 99 originals. Logan will take 99 photos over a course of 99 days. Which simply means one photo a day. Each picture will be an NFT. The buyers of these NFTs will receive several perks.
We will be discussing Logan Paul 99 Originals NFT in detail. How to purchase them and what will be the benefits of buying them. There is another new concept of community treasure. So, without wasting time, let’s start.
What Are 99 Originals?
It is an NFT collection of 99 Original photos taken by Logan Paul. These photos are unaltered Polaroids taken over the course of 99 consecutive days. The Original NFT will be auctioned daily on originals official website.
While taking these priceless photos, Logan suffered a lot. He broke bones, witnessed miracles, nearly severed my family, experienced substance addiction, traveled with the world’s wealthiest, fell in love (more than once), lived dangerously in the present, and concluded with 99 of the most significant moments of my life captured on tangible film. Logan says,
“I pushed myself to the furthest mental and physical depths while trekking 84,029 miles around the globe with a Polaroid camera.”
What Is Originals DAO?
DAO is a decentralized autonomous organization. Once you purchase a picture NFT from Originals 99, you will become a member of the Originals. These members will have access to the treasury where the members will make proposals on what to do with the money. Out of the total NFT money, half will go to Logan Paul while the other half will remain in the treasury. All the members will then decide what to do with the money.
Originals entitle owners to Membership and Voting in the Originals DAO, where 1 Original = 1 Vote.
The Originals DAO will oversee the Community Treasury and make collaborative decisions on how to spend funds.
Members will be granted a special “Originals DAO” role, along with access to private, token-gated channels (Discord, etc.). The Originals DAO will oversee proposals and projects like:
- Purchasing digital and/or physical assets.
- Managing assets held in the Treasury.
- Funding creative projects by fellow DAO members.
- Access to exclusive experiential events.
- Topic suggestions or guests for IMPAULSIVE podcast.
- Sponsoring independent artists, gallery showcases, and activations.
Where/ How Are The Logan Paul’s 99 Originals NFT Auctioned?
Logan Paul 99 Originals NFT will be auctioned every day. At Least one NFT will be auctioned on the official website. The auction will run for 24 hours and the last 15 minutes will reset the timer for bids placed.
What Is The Community Treasury?
The Community Treasury is the Original DAO’s shared bank account. 50% of profits (fewer deals with featured collaborators) will be routed directly to the Community Treasury. It is the address that holds funds earned by the DAO from the sale of Originals, and the hub for all payments and funding distributions voted on by Original NFT owners.
What Will Logan Paul 99 Originals NFT Holders Receive?
Here are some of the benefits for the NFT holders.
- Unique perks/utilities for specific Originals.
- Access to High Resolution (1GB+) scan of their Original.
- Membership to Originals DAO. 1 Original = 1 Vote.
- CCO License for specific Originals (deal-based pending specifically featured collaborators)
- Ability to redeem the physical 1/1 Original upon completion of the project, authenticated & slabbed by PSA.
Here we conclude our post on Logan Paul 99 originals NFT. These NFTs will surely be different from the rest of the NFTs. Almost every NFT is unique, the difference lies in the benefits. 99 Originals provide a lot of benefits to its buyers and this will be further clear after all the 99 NFTs will be sold.
Keep exploring our website to know more about NFTs.
Frequently Asked Questions
Q1. How Will I Receive The Physical Polaroid?
Winners of an Original NFT can redeem the physical 1/1 version of the polaroid upon the close of the first 1-99.
This is done by:
1. Submitting a one-off redemption request natively on the Originals.com website.
2. Being included in a bulk distribution of physical Originals after all Originals have been sold.
Original winners will complete a form to input their physical address, email, and preferred method of contact.
Q2. How Does Bidding Work?
Your bid has to be 10% more than the current bid amount. Once you place a successful bid, your ETH will be held in escrow until you are outbid.
Any bids within the last 15 minutes will reset the countdown timer to 15 minutes.
Q3. How Are The Originals Auctioned?
Every day, at least one Original will be auctioned on the main page of Originals.com. All auctions will run for 24 hours, with a 15-minute reset timer for bids placed within the last 15 minutes.