11/01/2023 Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There's a Catch

A representative told CoinDesk that all BONK tokens used to mint the NFTs will be permanently burned.

Solana blockchain-based token Bonk Inu (BONK) will offer more than 15,000 non-fungible token (NFT) collectibles on Solana marketplace Magic Eden on Tuesday, a representative told CoinDesk.

The NFTs, which are digital tokens that represent ownership of a physical or virtual asset, may help further BONK’s usage on Solana's network. BONK hasattracted massive transaction volumeand hype in the past week.

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The NFT collection was made in collaboration with prominent Solana-based NFT projects and is fashioned as “profile pictures” for holders to use on social-media networks such as Twitter. The collection brings artists from the Solana community, including John Le and the Omni creative studio – the team behind the popular Fracture and Gods Solana NFT projects.

A portion of the collection will be given to Gods holders for supporting the project and studio. More than 8,000 of the supply will be left to be minted for only wallets that hold BONK.

The BONK profile pictures will be purely art-based with no imminent plans forutility, representatives said. Pricing for the mint – a term that refers to the initial issuance of any NFT – will be set at $25 worth of BONK, and secondary trading will be transacted with solana(SOL) tokens.

Holders of the “Gods” NFT collection on Solana will be the first to be able to mint the Bonk collectibles. As such, all BONK raised will be burned and deleted from existence. Half of the royalties generated from sales following the launch will also be used to buy and burn BONK forever.

Future governance for the Bonk Inu project will remain with the Solana-based BONK token, not the NFT, meaning NFT holders don't get voting rights for the future of the Bonk Inu as of Tuesday.

"The governance of the bonk inu token remains SOLELY with the SPL token, and the BONKz collection has no impact or association with the token," Omni told CoinDesk in a tweet.

Thank you@CoinDesk

Full disclosure - this project is not owned by@bonk_inu.

In fact, this project isn't owned by anyone.

This is a community owned project.@OMNIcreative_and@bonk_inuhave simply come together to help create something special.https://t.co/0SHuAhcxob

— OMNI (@OMNIcreative_)January 10, 2023

Bonk, a Shiba Inu-themed token that was issued on Dec. 25, returned as much as 3,220% to traders in the past week before profit-taking saw the price fall nearly 70% from its lifetime peak. The token was airdropped to Solana NFT communities and creators, which led to quick hype and high trading volumes for the Bonk project.

Bonk tokens saw steady adoption in the Solana ecosystem withseveralSolana projects having alreadyintegrated Bonk tokensfor buying and selling listed NFTs, and someintroduced “burn” mechanismsfor NFT-based events.

Arts

https://www.coindesk.com/markets/2023/01/10/bonk-inu-to-mint-nfts-on-solana-based-marketplace-magic-eden-but-theres-a-catch/

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T(r)opical
Inspired by and for the 2018 North American Bitcoin conference in Miami, Florida. The palm tree that has a cracked open Bitcoin coconut suggests that by traveling you can enjoy this tropical digital fruit. The peacock nesting in the tree has spread its wings to flaunt other integrated crypto logos as well. The famous Miami skyline at the bottom incorporates the coins, as well as the code that is transforming the banking buildings that made it. The origin of that skyline is in the 80's cocaine craze, so it is all incorporated into the story of foundational transformation, linked to a global movement. The file size is suitable for an 8K TV. Mr. Moe Levin, the founder of the conference is a collector a physical print of the work. Explainer video: https://www.youtube.com/watch?v=2J0ZfPCJdxY&feature=emb_title Upload resolution 8000x4000 PX at 300DPI
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Mars House
Mars House is the first NFT digital house in the world. Upon purchase of Mars House NFT, 3D files will be sent to the new owner by Krista Kim Studio Inc. for file upload to the owner’s Metaverse. Technical support for Mars House integration on Metaverse is provided. (Architectural Digest, March 14, 2021) “Kim ventured into NFTs while exploring meditative design during quarantine; her hope was to use the influx of digital life as an opportunity to promote wellbeing. Comprised entirely of light, the visual effects of her crypto-home are meant to omit a zen, healing atmosphere. The artist also partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment. So what makes the file a compelling purchase? Beyond the promise of buying into the lucrative NFT market, the home and all of the furniture in it can be built in real life by glass furniture-makers in Italy, as well as through MicroLED screen technology. Kim also has a strong visions the art being projected, as well. “Everyone should install an LED wall in their house for NFT art.” says the artist. “ This is the future, and Mars House demonstrates the beauty of that possibility.” The owner is in agreement to the following terms and conditions upon purchase of Mars House (hereby referred to as Mars House NFT): The collector agrees to own one copy of Mars House NFT on a single Metaverse platform. The collector is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio Inc. will provide technical support to upload and integrate Mars House NFT on a Metaverse platform. If/when Mars House is resold, the collector is required to delete all Mars House NFT 3D file(s) from his/her Metaverse, and provide verification of deletion to Krista Kim Studio Inc. before new 3D files are transferred to the new owner by the artist. The new owner is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio will send Mars House NFT 3D files directly to the new owner and provide support for Metaverse integration. This verified ownership transfer system will be appointed to Krista Kim Studio Inc. trusteeship, after 40 years of the date of the sale. Krista Kim Studio Inc. retains ownership of Mars House NFT copyright. All rights reserved. All reproductions of Mars House (NFT) in both digital and physical formats, are restricted. Mars House NFT physical furniture pieces, made of tempered printed glass in Italy, may be commissioned by the collector as NFT physical pieces.