We’re excited to launch an NFT project we have been building for several months already.
This article is a short introduction to the project.
NFT
Non-Fungible Token (NFT) is a digital asset that’s unique and can’t be replaced with something else. For example, Bitcoin and regular Ethereum ERC-20 tokens are fungible — you can trade one for another, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different.
There are many different resources on the Internet that explain NFTs, but basically NFTs are programmable assets that represent digital rights to own some items. Anyone can check whether someone owns an item and what items they own. You can also look at the history of ownership.
TheCryptoStones
This is an NFT project built by an anonymous group of digital artists spread over the whole world. It combines visual ideas, 3D models and game mechanics with a very special technical approach. The project provides 4096 rare gemstones to be collected that we put into a vault. A gemstone can have a unique name, but it can be set only once, then the name becomes a part of the stone even if the stone gets transferred to a new owner.
There are 3 main stages in the project:
The presale
Direct sales
Collection of items
The presale
This is the first round of sales where properties of NFTs are unknown. You can buy a piece of the vault with the gemstones, but you will not know what specific gemstones you buy during this round.
In other words, you can not choose a stone that you like here, and you can get both the cheapest stone and the most expensive one! Every individual stone in the vault has an equal chance to become any stone. We made them as random as possible and you can think of them as they’re constantly changing in the closed vault.
The direct sales round
When the Presale round is finished the Direct sales round starts. But there is a special step in between: the vault has to be opened in order to finalize its state (like in the famous Schrödinger’s cat experiment). After the vault is open all the stones bought during the presale round become defined and you will be able to see what stones you have. All the tokens that were not bought during the presale go into the Direct sales round. During this round everyone can check what gemstones are available and buy them if they want.
Collection of items
TheCryptoStones project is a framework to start other projects, where you can get very rare items by collecting gemstones in different ways.
Since all the gemstones remain with their owners even after something is collected, they can be reused to collect other items later.
We built special mechanics so owners of the gemstones can easily swap them using the website — that should help to collect items. Of course, it’s possible to trade the gemstones using regular NFT marketplaces.
TheCryptoChess
This is the first project built using TheCryptoStones framework that symbolizes a battle between the fiat world and the new era of cryptocurrency.
There are 32 chess pieces only and you can not buy them in the beginning — they have to be collected first using different gemstones. The chess pieces are priceless and the first owner defines a price.
Every chess piece you collect here is very unique and owners are able to download high-res 3D models to print them out using a 3D printer. Then you get physical representation of your digital assets.
When all the chess pieces are collected owners may gather together to play real chess with the pieces they own. This gets us to what TheCryptoStones project is about — an attempt to build a bridge between the digital world and the real world using digital rights and provable ownership.
TheCryptoChess pieces can be named the same way as the gemstones i.e. a name can be set only once and has to be unique.
Technical details
We’re going to cover technical details of the project in another post.
Let’s keep in touch!
Some links
Project website
Twitter
Reddit
Instagram
Telegram