[PRESS RELEASE – Please Read Disclaimer]
You may know that NFTs rose to such prominence last year the term was chosen as Collin’s Dictionary Word of the Year. Well, if there’s a sweepstake open for 2022, we’ll be putting our cash on DAO. DAOs or Decentralised Autonomous Organisation, not for short, is already a buzzword in the crypto world. It’s not a new concept, but it is ideally placed to gain momentum as we enter the realm of Web 3.0. The first incarnation of the internet, or web 1 as it has become known, was all about static websites whereas Web 2 the sequel was more about user-created content. Web 3.0 however is predicted to be about community, and it is just such a community that upstarts JPEGvault hope to nurture in pursuit of their global art heist.
“NFTs have already achieved so much in the past year, they’ve reached the masses unlike any other crypto or blockchain-related product before. They are here to stay and they are only just getting started. Opensea, which has seen over $1B in trading over the past 4 days only has 40k active users! But what makes NFTs special is that they inherently can’t be split up into pieces, rendering the most attractive items inaccessible to 99% of investors.
We aim to solve that. Our token is backed by real digital assets that we pick extremely carefully, we work hand in hand with our community to identify opportunities and reward them for the help,it’s essentially a DAO, or a hive mind, and using its shared resources, its community voice, and singular purpose it’s a chance for anyone to get in on the ground level of this fascinating time in art history.” Sv2, Co-founder.
Becoming part of the JPEGvault couldn’t be simpler. All anyone needs is $JPEG tokens. Each token is essentially a share in the JPEGvault and it also entitles the holder to a vote in the DAOs decision. Early purchases will be driven by the experienced development team, but they openly encourage community discussion and there’s even a tip line for anyone with an inside scoop.
The Art of the Deal
At its heart, JPEGvault is a communal art collection owned by and for its members. Each token sold is taxed and that percentage goes straight into a pool that JPEGvault intends to use to purchase NFTs. Thanks to the increased buying power of the organization, JPEGvault hopes they’ll be able to participate in the most exciting and potentially the most lucrative sales. What projects they support will also be controlled by the membership who will vote on where they think the funds should go and best of all, all the NFTs are communally owned by the DAO’s members.
After raising $120k in 48 hours in November, round 2 of the ICO is starting on January 10th to go at it even harder.
JPEG will begin trading again on January 17th on Uniswap and Pancakeswap and many CEXs are also lined up in the weeks to come.