NFTs (non-fungible tokens) based collectibles are gaining popularity in DeFi markets, but currently exist largely as art assets without intrinsic value. $DFI NFTs are a pilot program wherein we attempt to solve this problem within the bounds of the $DFI ecosystem by creating NFTs with unique artwork, as well as functionality within the $DFI ecosystem by tying $DFI to the NFT itself.
The $DFI attached to the NFT will be non-transferrable except to be deposited/withdrawn in the governance contract – furthermore, the $DFI will follow the NFT when transferred to another wallet. The smart-contract created by this project will also be reusable in the future, easily allowing for the minting of additional $DFI-tethered NFTs in response to demand.
We would also note that other than costs for developer and artist work, the cost of 40 $DFI requested for this project will be fully reimbursed per the specifications below.
There will be a limited run of 8 NFTs (4 of Card A and 4 of Card B) The sale of the cards will benefit both the card creators and the $DFI Treasury.
At the time of minting each NFT will have 8 $DFI locked/delegated to them.
$DFI will not be locked to a new card until the previously minted NFT has been sold
Any cards and/or $DFI that remain unsold after 200 days of the passage of this proposal shall be returned to the treasury.
Cards will be auctioned off with a starting price of: Equivalent of 8 $DFI in $ETH + 0.7 $ETH
At the time of first sale proceeds shall be allocated as follows:
The $ETH equivalent of 8 $DFI shall be reimbursed to the treasury with the remaining profits split as follows:
25% to artists/creators
75% to $DFI treasury
On subsequent sales, a 5 % fee is taken from the sale price and divided equally between the $DFI treasury and artists.