The Hip-hop legend and top NFT influencer Snoop Dogg aka Cozomo de’ Medici announces the launch of NFT.com, a community-led NFT platform where users can own their Profile as an NFT.
NFT.com aspires to a Web3 social experience rather than just a marketplace. Users can present their NFTs with a personal touch utilizing the Profile NFT in a customizable gallery format.
The platform will release 10,000 Genesis Key NFTs which will unlock the ability to mint two Profiles per key.
The key holders will then form the NFT.com DAO to decide on the best way to broaden the community profiles and define the platform’s future.
Balaji Srinivasan, the former CTO of Coinbase and general partner at a16z is one of the members of NFT.com’s advisory board. The other advisors include businessman Kevin O’ Leary and Snoop Dogg himself with other members to be revealed soon.
Users can now register for the Genesis Key blind auction which will begin tomorrow at 7 pm EDT. The Blind Auction is a whitelist-only gated auction for 3,000 Genesis Keys. The auction will continue for 48 hours and end at 7 p.m. EDT on April 28th.
The Blind Auction is structured as a multi-lot, second price auction. The top 3,000 bids placed by ETH value will win a Genesis Key, and all winners will pay the 3,001st bid (the first losing bid). All winners will pay the same price for their Genesis Key.
Head back to NFT.com to check if you’ve won a Genesis Key, and remember to claim the procedure within 24 hours of the auction ending.
The remaining 6,750 Genesis Keys will be sold during the Public Auction, which will take place a few days after the Blind Auction.
The median of the top 3,000 bids in the Blind Auction will decide the price of a Genesis Key in the Public Sale.
Until the user wins and visits NFT.com to claim their Genesis Key, no ETH will be taken from their wallet.
The Genesis Key will be minted and revealed when the user claims it. After they’ve minted the NFT.com Profile NFTs, they’ll be directed to the Profile minting portal, where they can choose their profile names and mint 2 NFT.com Profile NFTs.
Snoop Dogg is popular for his back-to-back endeavors in the NFT industry from launching NFTs to promoting worthy NFT artists and collections in the space. A few days back Snoop and his son Champ Medici partnered with MOBLAND to launch the digital weed farm NFTs in the metaverse, which enables a ‘grow-to-earn’ feature.
