Burning the older tokens…
…and paying old customers back.
I started the The 1096 Wives of King Shahryar project in the summer of 2021 as something to relax with in between my crypto trading activities. I felt very good about the project’s theme and idea and was passionate about creating each of the characters (the wives of the King Shahryar). But then, several things happened…
- I rolled the initial project on featured.market marketplace, which appeared to be a new and gradually rising NFT marketplace sponsored by Binance. Fairly soon, however, the whole marketplace started to feel like a rug. They were “featuring” only few very specific projects, and the front-page appeared to cycle through the same old “featured” collections. Months after months. There was no growth. Quality was declining. And finally, their community (e.g. Telegram or Discord) was simply dead.
- A bear market with several crashes in December and January had taken my full attention back to trading, recovery, and further risk mitigation.
So what happened is that I had minted and sold 15 NFTs from the project, and then due to my own shift of focus and from the “un-attractiveness” of the Featured marketplace, I have no had the motivation to invest more into it.
You can see the collection as it is (it was) here:
Now, I know that it looks like I pulled the rug on the project, and I want to make it right for the owners of these 15 NFTs.
The plan is that I will re-purchase these NFTs from them with an uplift of 50%, i.e. they’ll make 50% more of what they paid to me, and once I will own them, I will burn these 15 NFTs.
With that, the whole collection on Featured.Marketplace will be destroyed, and it will continue to stay only on the opensea.io.
There’s a lot of work to do — the social media website, a Discord community dedicated to the projects, incentive management, and so on, and I plan to put a 100% focus on this NFT project to make it a shining success.
I want to take a moment to apologize to my fans who followed me on Featured, and I hope to regain them again, their trust and support, now on a new platform.
Let’s make this a success together. Please join me on Discord and OpenSea.
The 1096 Wives of King Shahryar
OpenSea Collection: https://opensea.io/collection/the1096wives
Website (Under reconstruction now): https://kingshahryar.com/