Poseidon DAO pre-announced it is about to launch its first NFT collection, which goes by the name Derivatives Collection.
The Poseidon DAO’s Derivatives NFT project
According to Poseidon DAO’s vision, the purpose of derivatives is to combine different art styles with some unique and free IP pieces from its collection, like the famous apes from Bored Ape Yacht Club. This allows both highlighting the collectible itself and providing value to the DAO and its token, thanks to the collaboration with established artists.
The Derivatives project is part of a larger landscape of initiatives the DAO announced, among which stand out the launch of new artists and Metaborg by Giovanni Motta, who recently announced the drop on Nifty Gateway. These projects build the foundation of the business model that will allow the DAO to create value and bring innovation in the NFT ecosystem.
The official announcement will take place during a public Twitter Space scheduled next Monday, 9th May 7PM CET. Niro Perrone and Giò Roman are among the artists involved in the Derivatives project and will join the public Space in order to talk about their involvement, bring their feedback about the launch and the current NFT landscape.
The sale of the first derivative artwork is expected the day after, 10th May on Foundation. The auction mechanism will allow all bidders to be eligible to receive the DAO tokens as a reward for their participation.
Source: https://en.cryptonomist.ch/2022/05/09/poseidon-dao-new-derivatives-nft-collection/