In case you’ve been concerned within the NFT sphere since 2021, it’s possible you’ll recall the formidable presence 0N1 Force as soon as commanded when it got here onto the scene that August. One of many first-ever true anime PFPs, it had a median sale worth of over 6 ETH shortly after launch, according to OpenSea. Nonetheless, following a interval of recognition, 0N1 Drive skilled a gradual decline, with the undertaking’s minimal worth languishing below 0.30 ETH throughout the summer season of 2022.
Rising from the 2022 stoop, 0N1 Drive now embarks on a brand new chapter, bolstered by adjustments in its possession and management, a redefined roadmap, and the steadfast loyalty of its group. The ground lately rallied 90 percent to 1.1 ETH from Might 8 to Might 15 and now maintains a 1.5 ETH ground on the time of writing.
The undertaking is now setting its sights on a resurgence paying homage to the outstanding comeback story of Pudgy Penguins, with gross sales volumes surpassing $177 million.
A altering of the guard
The story of 0N1 Drive’s resurrection begins in February 2023, when blockchain funding agency Old Fashioned Research (OFR) acquired the undertaking from its earlier homeowners: JR, IMCMPLX, Strawberry, CryptoSpaces, and LinkedEm. The brand new group boasts crypto veterans, together with former Binance CFO Wei Zhou and Yield Guild COO Colin Goltra.
OFR was based in late 2021 by Zhou and fellow ex-Binance govt Wayne Fu. In response to TechCrunch, it was valued at $100 million in 2022 and goals to uplift and develop initiatives with long-term potential. In response to the group, 0N1 Drive was one such undertaking. Few initiatives are as “groundbreaking and distinctive” as this one, they wrote in a February 25 Twitter thread.
Partnership with Horizen Labs
On Might 4, extra vital information got here for the 0N1 Drive group. The team announced a strategic partnership with Horizen Labs Ventures (HLV). The corporate has a good monitor report, having beforehand collaborated with distinguished entities throughout the Web3 area, together with Yuga Labs, ApeCoin DAO, The Sandbox, Jam Metropolis, Mud Protocol, and Animoca Manufacturers.
The collaboration goals to leverage HLV’s expertise advising profitable Web3 initiatives and 0N1 Drive’s capabilities in IP creation. The objective is to develop story-based options that cater to the evolving wants of the digital panorama in each web2 and Web3 environments.
In a Might 15 Twitter Space, 0N1 Drive CEO Henry Finn (AKA Starlordy) emphasised that the partnership underscores its dedication to development and increasing its Web3 providing to its group. Additional, Zhou — the strategic advisor to 0N1 Drive’s possession group — emphasised, “This partnership intends to create a singular expertise for the group by integrating HLV’s data and 0N1 Drive’s strengths.”
Whereas there are initiatives within the works that haven’t but been revealed, HLV said within the Twitter Area that one among them can be a rewards system for holders. Each Finn and Degentraland, who heads Web3 technique for HLV, hinted at an off-chain level staking system, in addition to potential avenues for holders to learn from the 0N1 Drive IP, each on-chain and off.
“The interior factors system is a strategy to reward each new and OG holders by giving them a strategy to not solely be celebrated however to discover a strategy to redeem rewards each digital and bodily,” Finn mentioned. “Factors may even reveal a leaderboard that may present different perks as nicely.”
Franchise, R0N1N, and World Membership
0N1 Drive’s development isn’t slowing any time quickly. Along with the HLV partnership, Finn says that is just the start of a string of updates to come back. 0N1 Drive lately rolled out three application-based packages: Franchise, R0N1N, and World Membership.
The Franchise Mannequin is meant to “foster and help builders and creators throughout the ecosystem. The objective of the undertaking is to equip group members who wish to begin their very own companies which the assets they want.”
“We offer a variety of assist within the type of advertising, community, distribution, and funding,” mentioned the 0N1 Drive group. “Our objective is to assist franchise holders succeed by offering the instruments they should thrive.”
The World Membership serves as a world social community for Web3 creators, founders, operators, and types. The membership will give holders alternatives to come back collectively to prepare occasions, dinners, and gatherings. Three or extra members can begin a proposal to type a membership inside a membership that aligns with their pursuits.
The R0nin Ambassador Program is a enterprise improvement program for holders who wish to be concerned within the enterprise operations of the undertaking and formally work on offers with the management. Whereas most NFT initiatives are inclined to hold holders separate from management choices, 0N1 Drive encourages involvement and collaboration.
As an envoy, contributors will assist with sourcing new partnerships and offers whereas having fun with unique perks and rewards. In response to the graphic pictured beneath, members obtain a singular PFP as a token of their ambassador standing and will qualify for bonuses, commissions, and different incentives. This program supplies a chance for people devoted to the group to boost their skilled community and profession prospects.
The way forward for 0N1 Drive
Regardless of the brand new management being on the helm for lower than a yr, vital adjustments and new initiatives have already been applied. Because the area observes the unfolding narrative of 0N1 Drive, the undertaking’s journey stands as a testomony to the group’s resilience. Having navigated by means of vital highs and lows, the undertaking is presently on an upward trajectory, reaffirming its dedication to innovation and group engagement.
“What makes us completely different than some other undertaking is our group,” Finn informed nft now. “Now we have probably the most devoted group in Web3.”
With a brand new guard in command, an revolutionary franchise mannequin, and a loyal group, 0N1 Drive demonstrates the potential to rise, fall, and ascend as soon as extra within the ever-evolving digital panorama. Whereas the long run stays unknown, the approaching instances would be the final check of the undertaking’s resurgence.
“Our largest information nonetheless hasn’t come out but,” Finn mentioned. “That is just the start.”
Editor’s observe: This text was written by an nft now workers member in collaboration with OpenAI’s GPT-4.