Introducing: FOMO Street
WHAT IS FOMO STREET?
Recently, Blockchain Art Exchange added a feature called “Galleries” which allows for anyone to publish an ERC-721 deployer contract with just a few clicks on the Ethereum mainnet. [an NFT minting contract for 1:1 assets]. The gallery feature also allows the gallery’s creator to whitelist addresses that can use the contract/storefront to publish their creations for free through the ‘lazy minting’ method.
FOMO Street is the B.A.E. gallery launched by NFThub to serve as a curated storefront for NFT’s from emerging and established artists, as well as to provide a free, easy-to-use method for artists who are new to the NFT space (and/or crypto and blockchain in general) to publish their work without paying exorbitant transaction fees, and without using the subpar gasless minting method offered by OpenSea.
THE FOMO STREET ADVANTAGE
FOMO Street isn’t an end-all solution. We aim to assist creators in their learning journey and recommend that as soon as they’re ready, they should launch their own smart-contracts from which to publish their work. But for creators who are just getting started in NFTs, or who would benefit from some added visibility. Having a shared storefront under the NFThub brand means that artists will be able to leverage our exisiting audience, as well as our newsletter subscribers and the traffic that’s already present on B.A.E. At the same time, NFThub will benefit from the increased awareness that could be brought to the platform by the artists presence. Applications for FOMO Street are currently open, and can be found at the end of this article. We’re dedicated to maintaining a no-denial policy, so everyone submitting original work will be able to be onboarded, though we will be implementing a waitlisting process until we have more manpower (or less on our agendas).
WHY IT MATTERS
The problem with OpenSea’s minting is something most people aren’t aware of, or don’t fully understand the implications of. For one, when you create a collection on Opensea, it only has that distinction on their platform. On any other front-end that aggregates NFTs on Ethereum/Polygon, your ‘Awesome Collection by Me” is nested alongside every other collection created on OpenSea, within the OpenSea Shared Storefront smart-contract. Another prominent concern is the fact that the image files associated with any NFT created on OpenSea’s contract is stored on AWS (Amazon Web Services). So in effect, should Amazon discontinue OpenSea’s data storage, or should OpenSea decide to disable their minting function, other possible circumstances, your NFTs would be invalidated either due to being burned, or by having their image/asset metadata disconnected.
To apply as an artist on FOMO Street, simply fill out this form; at first the applications will be processed on a first-come-first-serve basis, but as application volume grows, it will begin to be curated by the NFThub DAO; with a TBD number of new creators onboarded every couple of weeks. If you know any artists who are hesitant about NFTs, or interested but not able to justify the gas fees on Ethereum, send them our way. We have educational content on our website, with more to come, and can get them set up on FOMO Street with free minting and minimal sales fees (3%). Plus, we’ll make sure to get their work (and yours, should you be considering application) in front of a relevant audience.
Aside from FOMO Street on BAE, we’re working on a number of other creator-centric aspects of NFThub. We’re working closely with Artsy DeFi and the Nemesis metaverse world on a couple different things, plus we plan to expand the shared minting concept to a number of other blockchains. We’ve also got our own plans for Metaverse galleries, exhibitions and other events, and have discussions with a variety of other platforms that we’ll be circling back to soon. All in all, NFThub is setting course for the future, and we’re happy to have you along for the journey.
NFThub is a multi-faceted ecosystem focused on making NFT’s more accessible and simpler to navigate. Some core features include a project registry and event calendar (both with open submissions from the community), high-quality educational content with upcoming gamification features, and a built-in social network. The project is managed by a DAO, and is built by genuine NFT experts with years of experience in the space. Initially started in late spring of 2020 to be an alternative to the then-available NFT marketplace platforms, it’s been adapted to focus on prominent needs within the growing NFT industry.