8liens Announces '8rtist Collective'

8liens Announces '8rtist Collective'

8liens, a recent free mint PFP project, announced the establishment of the "8rtist Collective" on Monday evening. 

The project, which blossomed quickly to more than 0.5 ETH after the mint, has since fallen dramatically to less than 0.10 ETH at the time of writing. 

With the "8rtist Collective," 8liens holders will gain access to upcoming free drops from experienced and up-and-coming NFT artists simply for holding an 8liens NFT and a yet-to-be-created 88C token. 

How Does It Work? 

In order to gain access to the 8rtist Collective, users will need to hold an 8lien NFT as well as a handful of 88C tokens, an ERC-1155 which will have a max supply of 888 NFTs. 

While the 88C NFTs do not yet exist, they will soon be able to be mined by select 8lien NFT holders. 

Holders of one of the 585 8liens NFTs with the Fire trait will be able to burn another 8lien NFT in their collection in exchange for an 88C token. The burn period will be open pending a snapshot of all the Fire trait holders, but that snapshot date and time have yet to be announced. 

Fire trait holders can also designate select 8lien NFTs with a flames body or fire head to stand in as the "burned 8lien." In this instance, a user holding a Fire 8lien, and a flame body or fire head 8lien will not need to sacrifice or burn their 8lien NFT for an 88C token. 

Any unmined 88C tokens will go to the project treasury and a 6.9 percent royalty will exist on the collection. 

The diagram below indicates the steps necessary as outlined by the Medium article

 

What About the Art? 

The art available as part of the 8rtist Collective will vary in both editions and requirements for 88C token holders. 

For example, select pieces may require the 88C token holder to have at least five tokens, whereas others could require 15 88C tokens. 

Artists joining the collective will also benefit from the sale of their work. 

The first five artists to join will receive 20 88C tokens as well as one 8lien NFT from the project's treasury. In addition to those benefits, the artist will receive 10 percent royalties on the sale of their works on the secondary market. 

At present time, the 8rtist Collective curation board is being built to help establish artists and eligibility requirements. 

For more information, refer to the original Medium article


Since the announcement, 8liens have made a strong bump in volume traded on the secondary market. The floor price is up to 0.10 ETH at the time of writing, with Fire! 8liens now priced at 0.40 ETH. 

More about 8liens

8liens is a collection of 10,001 pixelated space creature NFTs living on the Ethereum blockchain. 8liens minted at no cost and have zero royalties on secondary sales. All 8lien NFTs are released under the CC0 license, excluding the 16 1-of-1 pieces created by notable NFT artists.

At the time of publish, the 8liens floor price sits at 0.051 ETH, and has stayed relatively flat over the past 24 hours on 0 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and no sharp wallets have bought NFTS in the the 8liens collection. Catch up on other recent 8liens news here.

Recent 8liens Sales

#4144sold at 11/28 3:11am for
0.0438
#6217sold at 11/27 9:11pm for
0.0590
#8186sold at 11/27 9:11pm for
0.0432
#9722sold at 11/27 9:11pm for
0.0432
#4121sold at 11/27 9:11pm for
0.0444

Recent 8liens Listings

#7653listed at 11/28 3:11am for
0.0602
#7653listed at 11/28 3:11am for
0.0602
#6845listed at 11/28 3:11am for
0.0582
#6845listed at 11/28 3:11am for
0.0582
#9722listed at 11/28 3:11am for
0.0509
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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