🗝 0
Spells
Spells are on-chain magic. Functional ERC-721 tokens that can be cast() over the blockchain on other NFTs and addresses.
Like Loot, Spells is an invitation to create together – not an insular game world. It is up to the community and creators to build on top of it (Entropes will support spell casting at launch). In order to help facilitate this development, 100% of Spells proceeds will be sent to a holder-controlled treasury to be used by the community to fund and support projects building on Spells.
Casting
The Metaverse so far has mostly looked like walled-garden web2 games that monetize web3 assets (NFTs and coins). Spells uses the new EIP-5050 metaverse standard for truly decentralized game building, where the game world is the blockchain itself, and anyone can build on top of it. Any smart contract can become castable just by adding a receiver.
There are endless ways that spell casting might affect other NFTs, but the most immediate is its appearance. For example, Entropes will be the first project to support Spells, and will allow Entropes holders to trigger special visual effects on their Entropes.
Cult Control
We want to create a world that is fun, exciting, and magical. We believe magic is most powerful when it is created together.
Spells holders will control the treasury and have the ability to conjure more spells to be sold however the Cult decides.
Decisions will be committed on chain via chants and incantations.
The Cult can provide grants to existing projects to add spells support, they can fund new projects, cross-project collaborations, and anything else that helps build the world of on-chain magic.
The Cult will even help decide the initial price and supply of Spells (how this is possible will start to make sense once you go through ).