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Establishing IP based on the Metaverse
A group of investors led by blockchain investment firm Old Fashion Research (OFR) has acquired a non-fungible token (NFT) project called 0N1 Force. The acquisition amount was not disclosed.
GM Enclave! It is official, the founding team has 100% exited the company and turned over ownership to @ofrfund led by @thedaoofweiLing Zhang, and @Goltra please give them a warm welcome and show them how strong we are!
— 0N1 Force (@0n1Force) February 22, 2023
0N1 Force is a PFP NFT (non-fungible token) collection of anime-based generative art. The founding team said they had transferred ownership to OFR, including former executives from Binance and Yield Guild Games (YGG), and left the company by the 23rd.
Although the founders will retire, the current project leader, Henry Finn, will be appointed as the new CEO of 0N1 Force, and the moderators who act as coordinators within the community will remain in office.
Ling Zhang, one of OFR’s operational managers, commented:
We highly appreciate 0N1 Force’s creative scenario and its conceptual ability to build the metaverse “0N1 Verse”.
0N1 Force has a vibrant and supportive community and we look forward to working with them to build a future-proof 0N1 Verse.
A group of investors, including OFR and GameFi company Yield Guild Games, will invest a large sum of money into the 0N1 Force franchise to establish itself as a “dominant IP (intellectual property) based on the Metaverse”. It is an attitude that aims to
OFR was founded in 2021 by Ling Zhang, former head of M&A at Binance, the largest cryptocurrency exchange, and Wayne Fu, who was also head of corporate development at Binance. In May 2022, it officially announced that it had launched a fund of approximately 13.5 billion yen ($100 million) to invest in Web3 companies.
What is Web3
The current centralized web is defined as Web2, and refers to an attempt to realize a non-centralized network using blockchain. A typical feature is the use case of decentralized networks such as blockchain, such as access to dApps using virtual currency wallets.
Cryptocurrency Glossary
What is 0N1 Force
0N1 Force is a generative art PFP NFT collection first released in August 2021. It has issued 7,777 NFTs featuring sideways face illustrations. A total of 54,000 ETH (equivalent to 12 billion yen) has been traded so far.
Holiday Party is Live! Join in our Discord to hang and watch the stream, or directly in the Core Gallery https://t.co/qZpVUcPEO0
— 0N1 Force (@0n1Force) December 23, 2022
The world of 0N1 Force also has a story. The 7,777 residents of 0N1 must obtain nanosuits to protect themselves and restore the balance of the city when their hometown, the big city “Ethereal Enclave”, is suddenly attacked. .
0N1 Force plans to combine story and games with the latest Web3 technology.
The roadmap for 2023 includes an artist fund of 50 ETH to support community talent, a graphic novel (comic) series created by community artists, and a council for brand development “0N1 Conlave”. where I am.
What are NFTs?
Abbreviation for “Non-Fungible Token”, a digital token that cannot be replaced and has a unique value. In addition to being used for exchanging “digital items” in blockchain games, it is also an epoch-making way for rights holders (creators) in the “secondary distribution market”, which was difficult to achieve with second-hand sales, as well as proof of ownership of high-priced art works. It is also attracting attention as a means of reduction.
Cryptocurrency Glossary
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