CHIYA NFT
NFT Introduction
Summer 2021 was an unprecedented time for NFT, in August 2021 alone Open Sea collected $3 billion in NFT sales, a massive increase in sales compared to their previous $21 million in volume for the entirety of 2020. Not only is the general interest in NFT expansion but also their use cases are becoming more apparent. As many of us are aware by now. NFT have a wide variety of use cases that are not only limited to art or collectibles.
For example, FC Dynamo Kyiv is the first major sports team in the world to sell its first NFT event tickets on Binance. The world-renowned band “Kings of Leon” sold a music album as an NFT. Pretty much any product or service can be designed on NFT, such as access rights for special communities, or in game items, many of the use cases are yet to be discovered as we are in a rapidly growing and constantly evolving frontier market.
What is NFT?
A non-fungible token (NFT) is a special type of cryptographic token which represents something unique; non-fungible tokens are thus not mutually interchangeable. This is in contrast to cryptocurrencies like bitcoin, and many network or utility tokens that are fungible in nature.
Non-fungible tokens are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms. NFT are used in several specific applications that require unique digital items like crypto art, crypto-collectibles and crypto-gaming.
Art was an early use case for blockchain. NFT prove authenticity and ownership of digital art.
CHIYA NFT will build on ERC-1155 Standard.
CHIYA NFT
CHIYA NFT have a wide variety of use cases that are not only limited to art or collectibles. NFT with event tickets, or music album as an NFT, access rights for special communities, Pretty much any product or service can be designed on NFT, some of which the use cases are yet to be discovered as we are in a rapidly growing and constantly evolving frontier market.
CHIYA NFT minting will be written in algorithm and design can be Cats, Dogs , Monkey. A sample of CHIYA NFT design will be made and will be details out for the algorithm before minting them.
CHIYA NFT can be customize by CHIYA NFT owner in our game to mint the final CHIYA NFT results. It is same like equipment items or just adding accessories to the CHIYA NFT. Some NFT might give them some stats for mini game.
CHIYA NFT can be mint by replacing metadata URI with ERC-1155
Subject to be updated in details
CHIYA NFT Character Diagrams
The Diagram above show a sample how is the CHIYA NFT Character made by combining each of attributes designs. CHIYA NFT Character will be made by algorithm :
Attribute : A part of an NFT that can be changed. The hat on a man is an Attribute, there are many types of hats, but the hat itself I will refer to it as an attribute.
Variants : These are the types of hats; red hat, blue hat, green hat, cat hat, etc. These can be swapped into the hat Attribute with one another to create different NFT.
CHIYA Official NFT artist will be paid by Developer funds.
NFT Structure Example:
Character Bind with DAO contract : URI Fixed
Body (Fixed)
Face (Fixed)
Hand (Fixed)
Leg (Fixed)
Eye (1 set from selected 5-10 set of rotation)
Randomize ( Body Colour + Eye Style)
Body + Face + Hand + Leg + RNG Eye (RNG Colour selection will be bind in 1 URI)
example: selection colour 10-20 x 50/100 (colour identical unit) = 1000-2000 NFT minted
Accessories : URI (can be replaced)
Hair / Hat (Can be use on multiple Character)
Mouth (Can be use on multiple Character)
Shoe (Can be use on multiple Character)
Shirt (Can be use on multiple Character)
Pants (Can be use on multiple Character)
Neck Wearable (Can be use on multiple Character)
Accessories will be sold in marketplace for customization Character will get 1 of every Accessories on per minted
How it works?
1 Character URI + 6 Accessories URI data will send to be Minted when NFT purchase is complete. Owner can buy New Accessories to customize NFT. Example:
Bob brought a CHIYA NFT wearing Red Shirt. Bob when to marketplace and buy a Blue Shirt to replace the Red Shirt. Blue Shirt is equip by Bob now Red Shirt will be minted and send to Bob wallet and equipped Blue Shirt will send to burn address.
(Character with Blue Shirt will be minted. Process is Blue shirt URI replacing Red shirt URI. Character with Red Shirt will send to Burn)
Bob cannot unequip Blue Shirt unless Bob replace it with other shirt(attribute) in his wallet.
Bob also can sell the Red Shirt on Marketplace.
Bob also has the option to change multiple accessories like Pants, Shirt and Shoes in single minting transaction.
DAO contract will be mint to Character URI
example :
Bob purchase a Blue Shirt on marketplace. (This Blue Shirt will be minted without DAO contract it just a regular NFT)
Bob equip the Blue Shirt replacing his Red Shirt. (This will send new minting request Character NFT + Current Accessories + Blue Shirt = New mint Avatar)
Only Every request with Character URI will pull DAO Smart Contract to be minted into the NFT
CHIYA NFT Fashion
CHIYA NFT will be sold as Variants but Attribute will be sold or drop as Accessories or Equipment for Games.
The Ideas is make CHIYA NFT not only immutable but it can be customize by owner as well.
Fashion Branding and Public Artist can mint their product and design into NFT in our marketplace. Full Details will be written in Marketplace
CHIYA NFT Fashion Contest can be host on weekly basic on CHIYA Main Stage. With DAO community we can vote to select winner in decentralize community.
Public Artist and Fashion Brands can apply to be partnership for CHIYA NFT.
CHIYA NFT ( DAO )
CHIYA NFT (DAO) will vote when CHIYA has to make some big decision not just through the developer decisions but vote by decentralized fundamentally communitarian in orientation. CHIYA will create DAO Projects on DeFI categories for the project to be more self-sustaining in the futures.
CHIYA NFT DAO Rules
Each CHIYA Character NFT will have a smart contract which give them the voting function for DAO.
Each CHIYA NFT will only able to count as 1 vote for each proposal.
Time period for each proposal can be set at 5 day - 2 week.
Vote side will be finalize as results if the vote has over 60% on side when voting time ends.
Transfer same CHIYA NFT to another address to cast vote again can`t be happen as the proposal only will accept 1 vote from NFT. (NFT ID will be recorded)
Casting a Vote will grant them to have small benefit like participant bonus. (Token on treasury expenses)
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