Poly Network AMA Recap with Euterpe
The world’s first IP NFT-as-a-service platform, Euterpe(@eut_io), was invited to Poly Network (@PolyNetwork2) AMA, taken place on December 14 in the Poly Network Telegram Community. From the Live AMA with Charles Cheng, Co-Founder at Euterpe, this recap fully grasps the information discussed during the AMA.
Poly Network is a global cross-chain protocol for implementing blockchain interoperability and building Web3.0 infrastructure. Poly Network has integrated 35+ blockchains, including Ethereum, Polygon, Avalanche, Fantom, BNB Chain, Arbitrum, Optimism, Aptos, OKC, Neo, Ontology, Zilliqa, Harmony, Metis, etc. Since its launch, the protocol has enabled cross-chain asset transfers of more than USD 16 billion.
Euterpe is the world’s first IP NFT-as-a-service platform. It’s a marketplace where copyright owners and creators can auction their copyrights by issuing NFT. Copyright investors can invest in IP NFT by participating in auctions and secondary market trading. Euterpe will automatically distribute royalty income to them through smart contracts. Investors can also resell the NFTs on Euterpe’s secondary market or on other NFT marketplaces. Fans can directly support their favorite artists and works, and earn tokens by streaming, promoting, and voting, etc.
QUESTIONS AND ANSWERS IN LIVE AMA
Q1 We noticed that Euterpe goes live recently. Could you tell us more about the new functions added to the brand new website?
A: The following functions are updated to our website:
1）Euterpe Genesis SBT application:
BAB &POS Pages & Opensea TOP25 NFTs Holders can directly mint Euterpe Genesis SBT on https://www.eut.io/ , while general users will need to complete several tasks before Euterpe Genesis SBT mint. It is quite easy to complete the tasks. You can also refer to our Euterpe Genesis SBT Minting Guide as below:
Euterpe Genesis SBT Minting Guide for BAB &POS Pages & Opensea TOP25 NFTs Holders: https://medium.com/@eut_io/euterpe-genesis-sbt-minting-guide-for-bab-pos-pages-opensea-top25-nfts-holders-6b505462233b
Euterpe Genesis SBT Minting Guide for General Users: https://medium.com/@eut_io/euterpe-genesis-sbt-minting-guide-for-general-users-a82fe7cad506
2）Music copyright NFT auction
We adopt a leading/innovative auction mechanism — Vickrey auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price to be paid is the second-highest bid. This new model gives bidders an incentive to bid their true value.
3）Music NFT Mystery boxes:
We will launch the Music NFT Mystery boxes of 3 songs. There are a total of 1180 NFT Mystery boxes, which come in 3 different configurations: 1 gold NFT included, 3 gold NFTs included, and 9 Gold NFTs included. Each NFT in the Mystery box is a “limited edition”.
Q2 As mentioned earlier, Euterpe Genesis SBT is more like a pass ticket to music NFT Mystery boxes. In addition to this function, what else will Euterpe Genesis SBT bring to the holders?
A: We believe everyone has a creative soul. By utilizing the technology of Blockchain and NFTs, we can digitalize your creative soul in a unique way.
Euterpe Genesis is a Souldbound Token (SBT) connected to your artistic personality only. By holding a Euterpe Genesis SBT, you may recieve a host of benefits such as: Participation in the first IP-NFT mystery box dro; Early access to the Euterpe social platform; Exclusive in-platform content; Awaiting surprises.
In the long run, Euterpe Genesis will enable its holders more benefits .
Q3 We had given away 30 whitelists before. Any other methods to get WL? Could you specify more functions related to WL?
A: Please keep updated by following Euterpe Twitter, Discord community and our official website. We currently have various Whitelist activities running on different platforms. Whitelisted users have the priority access to NFT Mystery box Public Mint. In addition to this, whitelist enables the same auction price priority.
You can look at the Mystery box mint batch, and you may have a clearer understanding of the whitelist and Euterpe Genesis SBT:
Mystery Box Mint Priority
First batch: Whitelist + SBT holders
Second batch: SBT holders
Third batch: Any users
If you want to be the first batch to mint Mystery box, you must hold Whitelist and SBT at the same time!
Q4 Why did Euterpe choose Poly Network among others for partnership?
A: Poly Network is a very good program, and Poly Network has a lot of industry experience and a strong community, which is what we need to learn from Poly Network.
What we are really looking for is a partner who can make great things happen together, and Poly Network is that partner!
Q5 Any exciting plan for future developments？What shall users expect?
A: In terms of products, we are speeding up product development, improving user experience, and figuring out more innovative IP NFT gameplay. Socialfi function is under development, which is expected to be launched soon.
Currently Euterpe has onboarded over 30 music labels. Its catalog include more than 1000 musical IP.
In the long run, we see NFT as an important infrastructure for the meta-universe, a gateway to the layout of the meta-universe. We will start with music IP, but in the future, we will gradually expand to video, books, games, offline concerts... Finally, we can expand to the entire digital native assets and the vast application scenarios of reality mapping assets in the metasverse. Our long-term vision is also to build the Everything Store for the Web 3 era.
The AMA with Euterpe was successfully concluded. We will have more AMAs coming in the following weeks. Please stay tuned!