Stories Matter. What will your plot say in 4 NFTs?
This article is outdated.
You can find information on minting a story at the Fund. If you don’t own land yet, you can buy your first district at Satoshi’s Lounge, our virtual marketplace. The information on district zonings has been updated. You can view the latest version by following the link provided.
Our spot in the Lootverse (Loot + Metaverse) contains 4,880 plots with blockchain-notarized land title papers. Each plot has particular traits that make it unique, and no more can ever be created. The traits of the plots include different locations, shapes, topographies, and sizes in the world, which drive their demand or rarity.
Plot location is identified on the map; for example, a plot with a mountain in the back and an ocean in front is rarer than a landlocked plot in the desert as it has more latitude in terms of the story it tells. However, this does not necessarily mean that the story NFT of the former is more valuable since a well-known artist can shape a plot’s storyline and include a compelling narrative.
Plots also have different real estate-like zonings. Currently, the zones are Types A, B, P, H, F, S, R, and W. These zones describe the benefit their owners receive and, to some degree, add to the value of the plot itself.
There are 24 Type As and Bs, 8 Type Ps, 4 Type Rs, 1 Type H, F, and S, and 4,817 Type Ws. For example, Type A provides 0.1% of all BUN sold in the World (in USDC), whereas Types W (for the region of Territorio) provides a share of 0.1% of all BUN sold, plus 1% of all TIX redeemed (in USDC world credits).
In addition to the right to mint four NFT stories in various multimedia formats (2D, 3D, video, with audio accompaniment), each plot owner has access to a home page to engage audiences further, thus creating a MySpace-meets-NFT experience.
We have established five rules that must be adhered to before minting a story NFT. These rules are in place to avoid potential conflicts in storylines. An appointed administrator ensures the rules are respected until all of the story NFTs have been minted.
Rule 1 states that all stories must identify a year (past, present, or future). When released, plots contain the current date when the title details were created; however, stories set in the past or future may contain changes to these features.
Rule 2 states that plot owners can only tell the story of their plot, not that of the adjacent plot, from a specific viewpoint (i.e., from where the story is being captured). If the story shows adjoining plots from the same time period, then it must also incorporate any features depicted by those adjoining plots for that period. Creative license is nevertheless granted; for example, if a story is being told in Minecraft-like visuals, then the adjoining plots may also be depicted in that manner. Environmental changes may also be shown on adjoining land (for example, snow and moonlight in night portrayals).
Rule 3 states that if a plot borders mountains, rivers, lakes, or the ocean (i.e., no man’s land), that plot may portray a story from vantage points outside of the plots, provided that the plot is shown (for example, from the sea looking in or looking down from mountains). Plot owners may also place various transient features on mountains, rivers, lakes, or the ocean; for example, a sea monster, dragons flying over mountains, bomb craters, etc. Other permanent features at a given time must abide by rule 4.
Rule 4 states that whoever is first to mint an NFT story determines the storyline for that year. For instance, if a mountain is depicted with a monastery in a particular year, then any story that shows the mountain in that year must also feature the sanctuary, even though other features may be added or extended.
Rule 5 prohibits offensive content, such as racist, pornographic, and hate content.
The administrator is responsible for verifying that the story NFT adheres to all of the rules; however, the administrator does not provide advice or feedback on the stories being depicted. Instead, their role is to merely approve whether or not the story NFT follows the rules, and if not, which of the rules have yet to be respected.
The approval process is efficient and consists of pre-populated fields. The approval process is estimated to take between 12 and 24 hours.
Should you have any queries, please contact us on our Telegram group (t.me/lootnft).
Please note that additional information will be provided before the plot sale.