The One Million Radix Project is an NFT collection comprised of 21 unique pieces. It is described as a symbol of wealth that represents innovation, originality, and a new era in digital ownership. This project is exclusively available on Radix DLT, a distributed ledger technology platform.
The One Million Radix Project has been compared to the rare and coveted number 1 license plates in Dubai, which are symbols of prestige and distinction. The project's roadmap outlines the goals and plans for the holders of "tomrp" (which likely refers to a token or asset associated with the project) and the community. The creators of the project aim to provide value to tomrp holders and the community by aligning them with the project's direction.
Unlike other NFT projects, there is no need to rely on luck to "mint" a "rare" piece. Each piece is inherently unique and coveted, with the only distinguishing factor being the price point. The sales will occur in succession, allowing each acquisition to bask in its own moment of glory. This approach ensures that each purchaser has the opportunity to savor the excitement and exclusivity of their acquisition without being overshadowed by a glut of competing sales.
The project's motto is: "21 piece digital art collection, to anyone from no one".
Fortuna, an automated random selection tool, will play a pivotal role in determining the fate of participants. Fortuna will select one address at random from among those who have sent the requisite amount of $XRD. All other addresses will have their $XRD promptly returned to them, ensuring fairness and transparency in the selection process. This approach reflects the commitment to creating a level playing field for all and fostering a sense of community and collaboration that underpins the spirit of crypto ownership.
Pricing and Sales
The price for each item will increase twofold with every sale, building towards the climax of the limited series. By the time "20 of 21" is reached, the value of each piece will have escalated exponentially, setting the stage for a dramatic finale. At this point, there will be only one piece remaining: "21 of 21". This final piece will be offered for bidding, creating a thrilling sense of anticipation and competition.
After the final sale, 1,000,000 $XRD will be distributed to recipients.
The Radix Arts Museum
Furthermore, the project plans to create a museum in the Metaverse to showcase the entire Radix Arts collection. The museum will serve as a hub for collectors, artists, and enthusiasts alike to explore and celebrate the evolution of digital ownership. Each piece in the collection will be displayed with its owner's name and the last traded price, creating a permanent record of its place in the history of digital art.
- The One Million Radix Project. (2023, April 20). The One Million Radix Project: The Ultimate Symbol of Wealth. Medium. Retrieved June 13, 2023, from [medium.com link]
- The One Million Radix Project. (2023, May 8). tomrp roadmap v0.1. Medium. Retrieved June 13, 2023, from [medium.com link]