In collaboration with OpenSea, The new tokens both pay homage to the earliest adopters of NFTs as well as opens near endless opportunities for creators and brands that span gated commerce to community engagement

London, UK - AUGUST 14th, 2022 - Fair.xyz, an end-to-end, no code NFT launch platform has developed a ground-breaking piece of NFT technology, in collaboration with OpenSea, that they’ve dubbed - “The Minter Token”. The new token allows collectors to cryptographically prove they minted a specific NFT, even if they have since sold it, both giving them credit for helping build the community as well as allowing them to partake in token-gated community events. The launch comes shortly after Fair.xyz announced its $4.5M funding round and reached more than 50,000 people on their waitlist.

The Problem : There is no clear and easy way to show you minted an NFT.

Today, with enough money, anyone can easily buy into the most iconic, desirable and, by proxy, expensive NFT collections (Bored Ape Yacht Club, Crypto Punks, Women of the World etc). However, before their hyper-notoriety, most famous NFT collections came into existence with far smaller price-tags and entirely anonymous cultural status.

For example, in 2017, when the then unknown ‘Crypto Punks’ collection first launched, each punk was free to mint and would only cost you gas-fees. Today, you’d have to part with at least $143,000 to purchase the cheapest currently for sale.

So for those NFT collectors who minted a collection before the hype, before the cult status, before the price tag; when the collection was purely about the art, or the community, or supporting the artist - how could they easily prove to the rest of the Web3 community they were there first?

And further more, once you’ve sold your NFT, what do you then have that ties you back to that community? Even when you might have helped built it to what it is today?

The Solution : Fair.xyz and OpenSea create the ‘Minter Token’

Forged by the team at Fair.xyz with their priority blockchain technology, while in close collaboration with the experience and pedigree that comes from OpenSea, they’ve built ‘The Minter Token’ - a first of its kind Soul-Bound Token, that cryptographically proves a wallet owner minted an NFT, even if the NFT has long since been sold or transferred.

Each ‘Minter Token’ is generated automatically, completely free of charge (ex gas fees). Each token will combine both a smart-contract and 3D generative artwork, displaying the NFT which was minted.