A global crypto artwork, BTC Flower is a series of 2,009 generative NFTs that sold out in 30 seconds upon its debut on the Entrepot marketplace in January. It announced the launch of a DAO named Flower Power DAO. The artwork is hosted on the Internet Computer blockchain developed by the Dfinity Foundation.
In Brief:
- The BTC Flower artwork is the first ‘living NFT’, running on external signals.
- The ETH Flower artwork will drop in March.
- Flower Power DAO is being developed to develop an efficacious and strong community.
Flower Power DAO
Working towards adopting the true essence of DeFi, the creators of the BTC Flower want to create a Flower Power DAO for the purpose of decentralized governance.
Voting rights will be given to holders of the BTC Flower and each vote will have the same weightage regardless of the characteristics of the NFT.Â
Incentivized voting will ensure the active participation of the BTC Flower holders. The owners will decide on which artistic collaborations (involving independent artists) to take on.
The BTC Flower team has already collaborated with DJ White Shadow for the DJWS Flower Collection, which will drop in May.
Flower holders participating in the DAO will be involved in the production of the works and will be rewarded as well from the sale of the editions.
The team, although still developing the DAO, has started the implementation of a people-governed path. Discord polls, accessed by the BTC Flower holders, voted on how to conduct the ETH Flower Airdrop and suggested tombstone designs for the NFT.
Although Ludo exercises complete control of the design of the NFTs, community input creates an environment of inclusivity.
ETH Flower
Following the massive success of the BTC Flower, came the second installment of the project- the ETH Flower. It consists of 2,015 unique NFTs, out of which 2,009 will be airdropped to BTC Flower holders and 6 will be auctioned on Entrepot.
Determined by a random snapshot taken at any time between 23 February and 2 March, the team will airdrop random ETH Flower seeds to BTC flower holders in a 1:1 ratio on 23 March. The auction of the remaining 6 ETH Flowers will be hosted the next day.
An ICP Flower Collection is also being prepared to be launched as the third crypto installment in the fourth quarter of 2022.
BTC Flowers, which grow from the NFT seeds, run on external signals. The 20 front petals animate dynamically in response to the bitcoin price. The animations move faster if the price is up, and slower if the price is down. Similarly, animated petals of the ETH Flower will be linked to the price of the ether.
Dfinity Foundation has been making some major moves since its inception. From linking smart contracts on the Bitcoin network to integrating Bitcoin and Ethereum on its blockchain.