Providing market for AIGC works, what are the characteristics of Binance's latest Launchpool project NFPrompt?

On December 19th, Binance's new coin mining Fair Mode launched its 41st project, NFPrompt (NFP). Users can deposit BNB, FDUSD, and TUSD into the NFP mining pool on the Launchpad website after 08:00 on December 20th (GMT+8) to receive NFP rewards. NFP can be mined for a total of 7 days.

NFPrompt (NFP) is an AI-driven user-generated content (UGC) platform for Web3 creators. It is one of the incubation projects of Binance Labs' sixth season in June this year.

It is worth noting that after the announcement, BNB briefly broke through $250, with a 24-hour increase of 7.71%. This may be due to the fact that the 40th new coin mining project Fusionist, which was conducted a week ago, attracted a lot of attention, and the funds invested in Launchpool exceeded $4 million in just two days. As a new Binance Launchpad project, NFPrompt is also worth paying attention to. Currently, more than 180,000 users have created over 1 million AI NFTs on NFPrompt.

Related reading: "Analysis of Binance Launchpool Wealth Password, how effective were previous wealth effects?"

NFPrompt Project Introduction

NFPrompt allows users to generate various content through AI tools (AIGC) and provides a marketplace for trading AIGC works and their prompt words.

Users can use NPFrompt to generate dynamic and intuitive digital content from boring text, such as images, videos, animations, PFP avatars, music, and 3D models. To highlight the value of outstanding artworks and prompts, NFPrompt adopts a token mechanism, that is, when prompts are reused, royalty fees will be transferred to the original creators. It is worth noting that identical prompts will produce similar but never identical content. This model promotes the trading and circulation of these NFTs, thus profiting from AI-assisted creativity.

Collaboration with various Web3 projects has also introduced token incentive mechanisms to the community. NPFrompt regularly promotes user participation in AIGC content creation activities sponsored by other projects and brands, and has corresponding prize pools. Users can participate by voting, and can receive top-notch artwork and win prize pool rewards.

According to the team, NPFrompt aims to derive a series of unique images from the same prompt, with artistic variations stemming from previously popular prompt words. This can be a prompt set collection, in which each user who wishes to recreate can participate. As each image is unique even under the same prompt, NPFrompt ensures that the generated images are different but stylistically similar.

Example

Prompt: 提示：Two penguins, cute, walking in the ice and snow, accompanied by the aurora behind them

Translation: Two penguins, cute, walking in the ice and snow, accompanied by the aurora behind them.

Additionally, NFPrompt states that one of its core missions is to improve the social discovery process for artists and collectibles, and therefore hopes to create a platform that can cultivate social interaction. The NFPrompt ecosystem will incorporate certain social elements to further enable users to share their art and interact with the entire community. Future roadmap plans include:

Artists and Community Galleries: NFPrompt's goal is to have a space where enthusiasts can curate and view art while appreciating the thoughts and ideas of artists, just like traditional galleries.

Art Discussion Community: By introducing a way to comment on NFP, it will provide a platform for discussion between creators, collectors, and AI art enthusiasts. From the perspective of the audience, it can also promote and introduce deeper cultural understanding.

Auction Market: Supports creators who are willing to auction their precious AI NFTs to well-known artists or institutions for collectors. This allows certain precious artworks created by cultural and artistic leaders to have a more dynamic market space.

Creator Bounty: You can commission outstanding artists to create artificial intelligence art for passionate AI art enthusiasts. This feature will be built as a token incentive for the works of the user's favorite artists.

User Experience Improvement: In the future, NFPrompt hopes to make it easy for creators to further customize their artwork and truly achieve the NFT results they desire. Planned improvements include the Artwork Editor and wallet-less functionality. The former allows creators to make further customizations within the application before publishing NFTs on the chain. Wallet-less login will be achieved through the integration of account abstraction, allowing users to have a more seamless experience when using NFP to create AI art.

Token Economics and Airdrop Information

NFPrompt initially minted 1,000,000,000 NFP tokens. The initial airdrop and Binance Launchpool are immediately unlocked from genesis. The team and investors will receive 25%, with their tokens having a 1-year cliff and 5-year linear release to sustain the ecosystem being built around the $NFP token by NFPrompt.

10% of the tokens will be allocated to the initial airdrop, in addition, 27% of the tokens will be reserved for the long-term development fund. The team stated that in the early stages of the project, the proportion of tokens held by major shareholders and investors will be intentionally kept at a relatively low level, with more tokens being allocated to community creators, users, creators, collectors, and KOLs as important distribution targets.

On December 17th, NFPrompt completed the first season of airdrop snapshot and announced the start of the second season airdrop campaign. Users can obtain $NFP by interacting with NPrompt, and the second season snapshot standard will be announced separately in the future.

NFPrompt represents an open market approach centered around the $NFP token, allowing enthusiasts, creators, and collectors to freely exchange AI-generated content as NFTs. According to the first season's airdrop information, the second season's interaction standards may revolve around artwork trading, content generation, and community participation.

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