I wanted to tell you about an exciting NFT mint set to take place two days from now…
NFTs, or non-fungible tokens, are one-off, one-of-a-kind cryptocurrencies that represent ownership of a digital asset. Over the past year, these tokens have emerged as one of the most exciting asset classes in the investment world. Before reading this alert, I advise that you check out the two NFT reports I’ve prepared as part of Frontier Fortunes: How to Invest in NFTs and The Frontier Fortunes Guide to NFT Wallets.
Now, on to the exciting new project…
Lately, there is a trend afoot: Innovative tech companies masquerading as cute little pieces of NFT art. Behind the pictures of pixelated elves and killer bees, however, are serious technology companies that offer very real services to very real businesses.
These companies issue NFTs as a way to raise funding. Then, very often, they turn around and share a portion of their ongoing revenue with their investors (NFT holders).
The latest entrant in this space is an NFT that mints on Wednesday (March 23) called MetaHelix.
The public mint is scheduled to start at 4 p.m. Eastern time and will cost 2 Solana (SOL), or about $180 at current prices.
The mint site will be published on the MetaHelix Discord page on Wednesday before the mint occurs. You can view the MetaHelix Discord page here. (If that link doesn’t work, because sometimes they expire, visit MetaHelix’s Twitter page here, and you will see the Discord link in the profile.)
This is likely to be a very popular mint, given the NFT’s utility and its revenue-share functionality.
MetaHelix provides a suite of utilities for NFT project teams. This includes very simple processes for verifying new users to a Discord page, verifying owners of that project’s NFTs, as well as modules to simplify revenue-sharing, staking NFTs to earn in-house crypto tokens (sort of like depositing cash in a certificate of deposit), and other services.
MetaHelix has already signed up more than 70 projects teams, including some very well-known projects within the Solana ecosystem. I talk to NFT teams all over the world, and everything I’ve heard about MetaHelix is positive.
The company is now looking to onboard 400 more projects over the next three months. These early projects are paying 5 Solana as a one-time fee, though that’s likely to change to a larger fee and/or a subscription model that will bring in more income on a consistent basis.
The beauty of the MetaHelix NFT is that 80% of all revenue goes to the NFT holders through a revenue-sharing arrangement. It’s also running an ongoing raffle in which every time MetaHelix signs up a new client, it sends Solana tokens to a random wallet as a prize.
Frankly, this is one of the NFT projects that could shape up to be a huge provider of value within the Solana ecosystem. As a heavy user of Solana and Discord, and as an owner of numerous NFTs, I know firsthand the challenges of the NFT space. It can be quite messy and disorganized and frustrating.
I’ve been using MetaHelix on a limited basis through a few projects, and I’ve experienced how much simpler MetaHelix is making the processes of minting and owning an NFT. As such, this is an NFT with great potential.
Fair warning: Demand for these NFTs is virtually certain to exceed supply. Competition is always intense for quality, income-generating NFTs.
So, the nanosecond this mint is live, you will want to press the “mint” button and immediately click “approve” when your wallet pops up. Don’t dally…just hit approve. That means you should log into your browser wallet several minutes before the mint is live so that you don’t have to waste time logging in after you click “mint.”
Also, please use a “burner wallet”—a secondary browser wallet that holds nothing but 2.05 SOL, which will cover the cost of the mint plus the transaction fee charged in the minting process. (You can learn about burner wallets in The Frontier Fortunes Guide to NFT Wallets.)
Getting a MetaHelix NFT won’t be easy, but it’s worth trying. If you’re lucky enough to bag one, you should see strong capital appreciation and a generous stream of ongoing income
