Redemptions as Apps - Mad Dog Jones Meow 🐱
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In February Mad Dog Jones released “Why would I care I'm just a cat?” as part of his Crash and Burn drop on Nifty Gateway. On release, 911 open editions were purchased and minted in 5 minutes, with many collectors purchasing multiple editions hoping that MDJ would do something innovative with the NFTs in the future.
This week, Mad Dog Jones used the power of his Creator Contract to give the members of his collector community a fun way to collect his latest artwork.
Using the Manifold Redeem App with his Creator Contract, he launched an event where fans could transform a “Why would I care I'm just a cat?” NFT for a limited edition “I no longer exist.“ NFT. It was such a success that all the limited edition NFTs were claimed in 77 seconds!
The Power of Apps
By using the Manifold Creator application framework, Mad Dog Jones was able to introduce a completely new mechanic to his NFTs, while maintaining the authenticity and provenance established by his Creator Contract. The entire redemption process took place on chain, and the newly minted NFTs came from his Creator Contract, guaranteeing that they are truly authentic works.
Using the Redeem App is as simple as:
Configure a Manifold Redeem App (conversion ratio, max redemptions, authorized tokens)
Deploy the Manifold Redeem App
Register the Manifold Redeem App to your Creator Contract
Stylize the Manifold Redeem Site template (web3 application)
Launch the Redeem Site and activate the Redeem App
Creator Minted Tokens on Nifty Gateway
These NFTs are also the first Creator Minted tokens available on Nifty Gateway. This is an exciting step for Nifty and the entire community, as it gives artists the true ownership over their works and the freedom to explore innovative NFTs, while still being able to sell on Nifty Gateway.