For those who’ve been concerned within the NFT sphere since 2021, you could recall the formidable presence 0N1 Power as soon as commanded when it got here onto the scene that August. One of many first-ever true anime PFPs, it had a median sale value of over 6 ETH shortly after launch, in line with OpenSea. Nonetheless, following a interval of recognition, 0N1 Power skilled a gradual decline, with the undertaking’s minimal value languishing beneath 0.30 ETH in the course of the summer time of 2022.
Rising from the 2022 droop, 0N1 Power now embarks on a brand new chapter, bolstered by modifications in its possession and management, a redefined roadmap, and the steadfast loyalty of its group. The ground not too long ago rallied 90 percent to 1.1 ETH from Might 8 to Might 15 and now maintains a 1.5 ETH flooring on the time of writing.
The undertaking is now setting its sights on a resurgence harking back to the exceptional comeback story of Pudgy Penguins, with gross sales volumes surpassing $177 million.
A altering of the guard
The story of 0N1 Power’s resurrection begins in February 2023, when blockchain funding agency Old Fashioned Research (OFR) acquired the undertaking from its earlier homeowners: JR, IMCMPLX, Strawberry, CryptoSpaces, and LinkedEm. The brand new group boasts crypto veterans, together with former Binance CFO Wei Zhou and Yield Guild COO Colin Goltra.
OFR was based in late 2021 by Zhou and fellow ex-Binance government Wayne Fu. In accordance with TechCrunch, it was valued at $100 million in 2022 and goals to uplift and develop initiatives with long-term potential. In accordance with the group, 0N1 Power was one such undertaking. Few initiatives are as “groundbreaking and distinctive” as this one, they wrote in a February 25 Twitter thread.
Partnership with Horizen Labs
On Might 4, extra important information got here for the 0N1 Power group. The team announced a strategic partnership with Horizen Labs Ventures (HLV). The corporate has a good observe file, having beforehand collaborated with outstanding entities throughout the Web3 house, together with Yuga Labs, ApeCoin DAO, The Sandbox, Jam Metropolis, Mud Protocol, and Animoca Manufacturers.
The collaboration goals to leverage HLV’s expertise advising profitable Web3 initiatives and 0N1 Power’s capabilities in IP creation. The purpose is to develop story-based options that cater to the evolving wants of the digital panorama in each web2 and Web3 environments.
In a Might 15 Twitter Space, 0N1 Power CEO Henry Finn (AKA Starlordy) emphasised that the partnership underscores its dedication to development and increasing its Web3 providing to its group. Additional, Zhou — the strategic advisor to 0N1 Power’s possession group — emphasised, “This partnership intends to create a singular expertise for the group by integrating HLV’s data and 0N1 Power’s strengths.”
Whereas there are initiatives within the works that haven’t but been revealed, HLV said within the Twitter House that one in all them will probably be a rewards system for holders. Each Finn and Degentraland, who heads Web3 technique for HLV, hinted at an off-chain level staking system, in addition to potential avenues for holders to profit from the 0N1 Power IP, each on-chain and off.
“The inner factors system is a approach to reward each new and OG holders by giving them a approach to not solely be celebrated however to discover a approach to redeem rewards each digital and bodily,” Finn mentioned. “Factors may also reveal a leaderboard that can present different perks as properly.”
Franchise, R0N1N, and World Membership
0N1 Power’s development isn’t slowing any time quickly. Along with the HLV partnership, Finn says that is only the start of a string of updates to come back. 0N1 Power not too long ago rolled out three application-based applications: Franchise, R0N1N, and World Membership.
The Franchise Mannequin is meant to “foster and help builders and creators throughout the ecosystem. The purpose of the undertaking is to equip group members who wish to begin their very own companies which the sources they want.”
“We offer a variety of assist within the type of advertising and marketing, community, distribution, and funding,” mentioned the 0N1 Power group. “Our purpose is to assist franchise holders succeed by offering the instruments they should thrive.”
The World Membership serves as a world social community for Web3 creators, founders, operators, and types. The membership will give holders alternatives to come back collectively to prepare occasions, dinners, and gatherings. Three or extra members can begin a proposal to kind a membership inside a membership that aligns with their pursuits.
The R0nin Ambassador Program is a enterprise improvement program for holders who wish to be concerned within the enterprise operations of the undertaking and formally work on offers with the management. Whereas most NFT initiatives are likely to maintain holders separate from management choices, 0N1 Power encourages involvement and collaboration.
As an envoy, contributors will assist with sourcing new partnerships and offers whereas having fun with unique perks and rewards. In accordance with the graphic pictured beneath, members obtain a singular PFP as a token of their ambassador standing and will qualify for bonuses, commissions, and different incentives. This program supplies a possibility for people devoted to the group to boost their skilled community and profession prospects.
The way forward for 0N1 Power
Regardless of the brand new management being on the helm for lower than a 12 months, important modifications and new initiatives have already been applied. Because the house observes the unfolding narrative of 0N1 Power, the undertaking’s journey stands as a testomony to the group’s resilience. Having navigated by means of important highs and lows, the undertaking is at the moment on an upward trajectory, reaffirming its dedication to innovation and group engagement.
“What makes us totally different than some other undertaking is our group,” Finn instructed nft now. “We now have essentially the most devoted group in Web3.”
With a brand new guard in command, an progressive franchise mannequin, and a loyal group, 0N1 Power demonstrates the potential to rise, fall, and ascend as soon as extra within the ever-evolving digital panorama. Whereas the longer term stays unknown, the approaching occasions would be the final check of the undertaking’s resurgence.
“Our greatest information nonetheless hasn’t come out but,” Finn mentioned. “That is only the start.”
Editor’s observe: This text was written by an nft now workers member in collaboration with OpenAI’s GPT-4.
