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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, Former Camgirl
aka @kitty4Do, $kitty4d
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MintedTweets
2022-05-02
Helper account of @MintAsNFT https://twitter.com/MintAsNFT DO NOT FOLLOW
How @yugalabs could have leveraged @0xPolygon and #BidToEarn technology to host the biggest, least-FUDded mint in the history of #NFTs... While still remaining on #Ethereum. A thread🧵👇 #YugaLabs #OthersideMeta #BoredApeYachtClub Everyone knows #Ethereum gas wars are a nightmare. But most brands that established themselves on Ethereum don’t want to go anywhere. Ethereum is still where the money is, after all. But what if you could have the best of both worlds? Here’s how I would architect a huge land sale that takes place on @0xPolygon, but still settles on Ethereum: 👇RECIPE FOR THE PERFECT NFT DROP👇 Step 1: Map $APE token to @0xPolygon Difficulty: Easy. Just reach out to the @0xPolygon team, it'll be done in a day. Cost: Nothing Step 2: Deploy ALL of the ERC721 NFTs for sale on Ethereum, with all the final metadata (not including reveal). Difficulty: Medium Cost: A few dozen Ethereum (chimp change for @YugaLabs) Step 3: Deploy an equivalent NFT contract with limited metadata (just tokenID) on Polygon Then map your Ethereum NFT contract to the Polygon ERC721 token contract. Difficulty: Easy Cost: Basically nothing Step 4: Bridge 100% of your NFTs to Polygon, locking them in the bridging contract, and minting them onto Polygon. You now have an @OthersideMeta land collection on Polygon! Cost: A few dozen ETH Difficulty: Easy Step 5: Deploy your sale contract onto #Polygon. Could be a dutch auction or a normal FCFS sale. Personally, I would recommend a #BidToEarn auction, leveraging @GBMauction's fantastic technology. Cost: Basically nothing Difficulty: Medium-advanced Step 6: Encourage $APE holders to bridge funds to Polygon. Explain to them that NFTs still remain on Ethereum. You’re just holding the sale on Polygon so users don't lose 100M in ETH gas fees. Maybe offer some incentives 🤑 Cost: Bridge fees for users Difficulty: Medium Step 7: Now that $APE is on Polygon, hold the sale. Users win items without spending 2 ETH in gas fees. Once the sale is over, users can easily bridge their tokens back to Ethereum and claim them for < 0.1 ETH. Minted on Ethereum Sold on Polygon Claimed on Ethereum 🧠🧠🧠 ...and that’s how you hold the world’s biggest NFT drop on Polygon, while still settling the NFTs on Ethereum, the value layer. Or you can blame #Etherium and waste 150M USD worth of gas. Up to you guys ;) If you like NFT projs with bigbrain devs, def check out @aavegotchi 👻
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   Body: "How @yugalabs could have leveraged @0xPolygon and #BidToEarn technology to host the biggest, least-FUDded mint in the history of #NFTs...\n\nWhile still remaining on #Ethereum.\n\nA thread🧵👇\n\n#YugaLabs #OthersideMeta #BoredApeYachtClub\n\n\n\n\nEveryone knows #Ethereum gas wars are a nightmare.\n \nBut most brands that established themselves on Ethereum don’t want to go anywhere.\n \nEthereum is still where the money is, after all.\n \nBut what if you could have the best of both worlds?\n\n\n\n\nHere’s how I would architect a huge land sale that takes place on @0xPolygon, but still settles on Ethereum:\n\n👇RECIPE FOR THE PERFECT NFT DROP👇\n\nStep 1: \nMap $APE token to @0xPolygon\nDifficulty: Easy. Just reach out to the @0xPolygon team, it'll be done in a day.\nCost: Nothing\n\n\n\n\nStep 2:\nDeploy ALL of the ERC721 NFTs for sale on Ethereum, with all the final metadata (not including reveal). \nDifficulty: Medium\nCost: A few dozen Ethereum (chimp change for @YugaLabs)\n\n\n\n\nStep 3: \nDeploy an equivalent NFT contract with limited metadata (just tokenID) on Polygon\n\nThen map your Ethereum NFT contract to the Polygon ERC721 token contract.\n \nDifficulty: Easy\nCost: Basically nothing\n\n\n\n\nStep 4: \nBridge 100% of your NFTs to Polygon, locking them in the bridging contract, and minting them onto Polygon. \n \nYou now have an @OthersideMeta land collection on Polygon! \n \nCost: A few dozen ETH\nDifficulty: Easy\n\n\n\n\nStep 5: \nDeploy your sale contract onto #Polygon. \n\nCould be a dutch auction or a normal FCFS sale. \n\nPersonally, I would recommend a #BidToEarn auction, leveraging @GBMauction's fantastic technology. \n \nCost: Basically nothing \nDifficulty: Medium-advanced\n\n\n\n\nStep 6: \nEncourage $APE holders to bridge funds to Polygon. \n\nExplain to them that NFTs still remain on Ethereum. \n\nYou’re just holding the sale on Polygon so users don't lose 100M in ETH gas fees.\n \nMaybe offer some incentives 🤑\n \nCost: Bridge fees for users\nDifficulty: Medium\n\n\n\n\nStep 7: \nNow that $APE is on Polygon, hold the sale. \n\nUsers win items without spending 2 ETH in gas fees. \n \nOnce the sale is over, users can easily bridge their tokens back to Ethereum and claim them for < 0.1 ETH.\n\nMinted on Ethereum\nSold on Polygon\nClaimed on Ethereum \n🧠🧠🧠\n\n\n\n\n...and that’s how you hold the world’s biggest NFT drop on Polygon, while still settling the NFTs on Ethereum, the value layer. \n \nOr you can blame #Etherium and waste 150M USD worth of gas. Up to you guys ;)\n\nIf you like NFT projs with bigbrain devs, def check out @aavegotchi 👻",
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