Taiwanese crypto artist pplpleasr releases new artwork inspired by Animal Crossing, fair launched on Solana.

Taiwanese crypto artist pplpleasr, whose work graced the cover of Fortune magazine in August this year, launched a new NFT project last week called "The Collectoooooor." However, this latest piece was released on Solana and introduced a new fair sales method.

《The Collectoooooor》

Renowned artist pplpleasr in the cryptocurrency community has collaborated with various DeFi projects in the past, designing promotional videos for projects and releasing artwork on Ethereum. However, the latest work by pplpleasr, "The Collectoooooor", is a collaboration with Cloud Eater Studios, launched on Solana during the Solana Summit in Lisbon.

The Collectoooooor project consists of 500 NFTs, not all unique but divided into 13 categories such as 3D ducks, buildings, UFOs, etc., with varying quantities per category.

If viewed individually, each NFT is a simple piece and not particularly outstanding. However, if a holder collects all 13 types of NFTs, they can choose to destroy them all in exchange for a limited edition of 15 3D animated cityscapes, which are a combination of the 13 NFTs. There are 3 designs in total, each with 5 versions.

"The Collectoooooor is designed as a metaverse version of Animal Crossing, where players collect different assets based on recipes in the game to craft items for upgrades," pplpleasr said.

👀https://t.co/EAVV7CoINQ#BreakpointLisbon pic.twitter.com/k36INM8teL

— pplpleasr (@pplpleasr1) November 9, 2021

Fair Launch Protocol

This new project not only differs from past launches on Solana but also adopts a Fair Launch Protocol for distribution. The distribution is divided into three stages:

1. Setting Fair Launch Price: Bids are made within the artist's set price range, with the median bid becoming the issuance price. A 0.1 SOL fee is charged for each bid.

2. Grace Period: Bidders who bid higher than the issuance price automatically receive a lottery ticket, and the price difference between the bid and issuance price will be refunded later. Bidders below the issuance price can also choose to participate in the lottery with a higher price.

3. Candy Machine: Winners are drawn according to the issuance quantity, with refunds if not selected.

This distribution method prevents a rush of buyers for limited NFTs and allows the community to collectively determine prices in a decentralized manner. Additionally, the fees collected during the first bidding stage will be donated to charity.

After these three stages, The Collectoooooor's issuance price is 1 SOL, approximately $240, and the lowest price on the secondary market on Solanart has increased more than 5 times to 5.5 SOL.

Moving from Ethereum to Solana

pplpleasr chose to launch the new project on Solana as she had been wanting to do so. Additionally, Raj Gokal, the Chief Operating Officer of Solana Labs, has been a long-time supporter and extended a collaboration invitation in early 2021.

"I am curious about other blockchains, NFT ecosystems on other chains, markets, audiences, and the differences from Ethereum," pplpleasr said.