[PRESS RELEASE – Please Read Disclaimer]
You may be aware that NFT was so prominently selected as the word of the Collins Dictionary Word of the Year last year. Well, if the Sweepstakes for 2022 is open, we’ll be putting our cash on The DAO. The DAO or Decentralized Autonomous Organization, not for short, is already a buzzword in the crypto world. It is not a new concept, but it is ideally placed to gain momentum as we enter the realm of Web 3.0. The first incarnation of the Internet, or Web 1 as it became known, was all about static websites while the Web 2 sequel was more about user-generated content. Web 3.0 however is predicted to be about community, and it is just that community that JPEGVault hopes to nurture in its pursuit of its global art successor.
“NFTs have already achieved a lot in the past year, they have reached the masses unlike any other crypto or blockchain related product before. They are here to stay and they are just getting started. Opensea , which has traded over $1B in the last 4 days, has only 40k active users! But what makes NFTs special is that they cannot naturally be split into pieces, making the most attractive Items become inaccessible to 99% of investors.
We aim to solve this. Our tokens are backed by real digital assets that we choose extremely carefully, we work hand in hand with our community to identify opportunities and reward them for helping, be it essentially a DAO, or a Hive. Mind is, and using its shared resources, its community voice, and singular purpose it is your chance to get to the grassroots of this fascinating time in art history. Sv2, co-founder.
dealer’s choice
Being a part of JPEGvault couldn’t be easier. Anyone wanting a $JPEG token. Each token is essentially a share in the JPEGvault and also gives the holder the right to vote in the decisions of the DAO. Initial purchases will be handled by an experienced development team, but they openly encourage community discussion and even have a tip line for anyone who has the inside scoop.
the art of bargaining
At its heart, the JPEGvault is a communal art collection owned by and for its members. Each token sold is taxed and that percentage goes directly to the pool that JPEGvault intends to use to purchase the NFT. Thanks to the increased purchasing power of the organization, JPEGvault expects to be able to participate in the most exciting and potentially most lucrative sales ever. Which projects they support will also be controlled by the membership who will vote where they think the money should go and best of all, all NFTs are communally owned by members of the DAO.
token gesture
After raising $120k in 48 hours in November, the second round of ICO is starting on January 10 to make it even more difficult.
JPEG will resume trading on Uniswap and Pancakeswap on January 17th, and several CEXs are also lined up in the coming weeks.
art for all
To learn more about JPEGvault, visit the project’s website and online community.
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