Blind Boxes CEO in an exclusive chat with Altcoin Buzz
The frenetic pace at which Blind Boxes is scaling new heights was evident last week in the Altcoin Buzz interview, where our co-founder and CEO, Anita Angelica Moore and renowned presenter and crypto influencer, Layah Heilpern spent a few minutes discussing the project and its various attributes.
Here are some key takeaways from the interview:
Where did the Blind Boxes name come from?
Blind Boxes is a gamified, decentralized aggregator platform and launchpad for non-fungible tokens (NFTs), and the name ‘Blind Boxes’ comes from our core value proposition of the project.
Curators bring together NFTs from talented multi-media creators across the globe, and pool it in a Blind Box collection, which is then sold on our platform at a set price, using our gamified mystery box mechanism.
What are the two major products of Blind Boxes?
The first one is our curated mystery box collections which users can purchase from the Blind Boxes Marketplace. We also have the Launchpad, which is essentially an Initial DEX Offering (IDO) platform for NFT creators. Up and coming NFT brands as well as individual artists are vetted by our community and can mint their own ERC-20 standard social tokens which hold value.
This allows a user to invest early in a particular artist and unlock value through royalty rights on future artist earnings or under similar preprogrammed terms and conditions.
How do you help artists from a non-tech background understand NFTs?
Blockchain and token metrics can get quite technical, and that’s where we come in for the artists. We distill these concepts and assist them in understanding their value proposition, in addition to mentoring and guiding them to make the process as seamless as possible.
What are the benefits for both NFT collectors and creators?
Curation is the essence of the Blind Boxes Marketplace. Our platform pairs emerging talent with established creators in mystery boxes in a manner that allows potential for higher sales for the newbie artists.
On the other hand, collectors have a wider selection of works to choose from, albeit at the click of a button when they can buy a curated multi artist Blind Box at a flat rate. This beats going to an NFT auction marketplace and placing bids of NFTs individually.
Can you tell us a bit about the staking functionality on the Blind Boxes platform?
Our team has a lot of experience in the decentralized finance (DeFi) ecosystem, and we wanted to ensure that our native token, $BLES, has robust functionality for our community and stakeholders. Essentially token holders are incentivized by adding liquidity to the pool, and are able to earn a yield with attractive APYs.
What are the use cases of $BLES?
Only one hundred million $BLES tokens will ever be minted and our smart contract enabled mining and burning mechanism ensures its deflationary nature, thus adding scarcity and value.
Currently the biggest use case of $BLES is the ability to purchase Blind Boxes. Additionally, curators designing collections on our platform are incentivized to accept $BLES as a currency as it facilitates the waiving of the platform fee that they would owe Blind Boxes, were they to choose bUSD as a payment option.
Moreover, hodlers of $BLES are able to vote in contests, a vital aspect of the Blind Boxes platform. Participating in the voting process also unlocks various rewards in the form of additional $BLES, which can be used to purchase Blind Boxes collections.
Lastly, $BLES is used by the community to vote on key governance issues.
Watch the full interview below:
There’s plenty more in store in the form of new partnerships and announcements coming up so we would encourage our awesome expanding community to follow our social channels and watch this space for more.
About Blind Boxes
Blind Boxes is a gamified curation platform and launchpad for NFTs (non-fungible tokens). This highly scalable dApp enables brands and creators to diversify their revenue streams, increase the liquidity of their creative assets, and to become leaders in decentralized global economies, while engaging fans and buyers to discover and collect rare, limited edition NFTs.
Via the Blind Boxes Marketplace, buyers get to experience the thrill of time-released white-labeled blind box series, where a collector can draw from and unlock sealed packages of exclusive items, curated by tastemakers across the arts, music, & entertainment sectors. Curation is at the core of our value proposition. The platform offers a commission structure that incentivizes independent contributors to produce bespoke blind box collections that feature top-tier talent and emerging artists and designers from around the world.
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