You get an airdrop! You get an airdrop!
Amid hopes and prayers for the crypto bull market’s imminent return, the onslaught of “free cash” airdrops for crypto customers continues. The most recent comes courtesy of Body, an Ethereum scaling community designed for NFTs.
The venture introduced Tuesday that it’s going to quickly launch a local FRAME token, and that any crypto consumer who has transacted an NFT on Ethereum within the final two years is now eligible to gather various quantities of FRAME. Standards used to find out a consumer’s airdrop dimension is set primarily based on the variety of NFT trades made, the monetary quantity of these trades, and the quantity of creator royalties paid throughout these transactions.
Whereas NFT merchants can already declare FRAME by way of an on-line portal, these tokens received’t functionally exist till January 31, when they are going to go dwell alongside the Body mainnet.
$FRAME, for the speedy future, can be used for governance on the community.
That is particularly necessary when you think about the worth that the Body Creator Fund will come to carry.
The token can be transfer-locked till a later chapter. pic.twitter.com/4nZggIKqg3
— Body (@frame_xyz) December 19, 2023
FRAME tokens will initially be used completely for governance of the Body ecosystem, the venture introduced, and to manage the Body Creator Fund. At a later, as-yet-unannounced date, the tokens can be unlocked for switch and presumably change into tradable on secondary markets for financial worth.
Customers already started claiming their free FRAME Tuesday. Some reported receiving 1000’s of tokens, primarily based on their NFT buying and selling exercise.
I survived the bear market and claimed my $FRAME tokens!@frame_xyz is the Layer 2 for creators and collectors. When you’ve traded NFTs on Ethereum and paid royalties up to now two years you are eligible! 🖼️🎄
You possibly can examine right here 👇 https://t.co/95XO3A357v pic.twitter.com/lISxo38lmn
— Pranksy 📦 (@pranksy) December 19, 2023
Right now’s airdrop is simply the primary of many FRAME giveaways, the venture stated. As soon as the venture absolutely launches on the finish of subsequent month, it should start distributing extra tokens to customers and neighborhood members to encourage exercise.
Body seeks to create an ecosystem for the shopping for, promoting, and creation of NFTs that unambiguously places creators first. The layer-2 rollup relies on Arbitrum Nova, an Ethereum scaling community.
Since final 12 months, the follow of implementing creator royalties—charges usually between 2.5% and 10% levied on NFT patrons, meant to assist artists and enshrine blockchain’s democratized ethos—has been steadily dismantled beneath the load of brutal market forces.
‘Free Cash’: These Are the Hottest Airdrops Round Proper Now
Body enforces creator charges on the community stage; it says it additionally prioritizes NFT safety greater than different blockchains, and can ultimately be run by neighborhood members.
In tandem with its airdrop announcement, Body additionally introduced that it has secured an preliminary fundraise led by Electrical Capital, with participation from a number of crypto business founders and influencers, together with Pudgy Penguins CEO Luca Netz. A Body advisor informed Decrypt that the venture isn’t but disclosing the funding quantity or whole quantity of FRAME tokens.
Edited by Andrew Hayward
