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If you happen to’ve been concerned within the NFT sphere since 2021, it’s possible you’ll recall the formidable presence 0N1 Pressure 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 value of over 6 ETH shortly after launch, in keeping with OpenSea. Nevertheless, following a interval of recognition, 0N1 Pressure skilled a gradual decline, with the mission’s minimal value languishing beneath 0.30 ETH through the summer season of 2022.
Rising from the 2022 hunch, 0N1 Pressure now embarks on a brand new chapter, bolstered by modifications in its possession and management, a redefined roadmap, and the steadfast loyalty of its group. The ground just lately rallied 90 p.c to 1.1 ETH from Could 8 to Could 15 and now maintains a 1.5 ETH ground on the time of writing.
The mission is now setting its sights on a resurgence paying homage to the exceptional comeback story of Pudgy Penguins, with gross sales volumes surpassing $177 million.
A altering of the guard
The story of 0N1 Pressure’s resurrection begins in February 2023, when blockchain funding agency Previous Normal Analysis (OFR) acquired the mission from its earlier house owners: JR, IMCMPLX, Strawberry, CryptoSpaces, and LinkedEm. The brand new staff 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 government Wayne Fu. Based on TechCrunch, it was valued at $100 million in 2022 and goals to uplift and develop tasks with long-term potential. Based on the staff, 0N1 Pressure was one such mission. Few tasks are as “groundbreaking and distinctive” as this one, they wrote in a February 25 Twitter thread.
Partnership with Horizen Labs
On Could 4, extra important information got here for the 0N1 Pressure group. The staff introduced a strategic partnership with Horizen Labs Ventures (HLV). The corporate has a good observe report, having beforehand collaborated with outstanding entities throughout the Web3 house, 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 tasks and 0N1 Pressure’s capabilities in IP creation. The purpose is to develop story-based options that cater to the evolving wants of the digital panorama in each web2 and Web3 environments.
In a Could 15 Twitter House, 0N1 Pressure 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 Pressure’s possession group — emphasised, “This partnership intends to create a novel expertise for the group by integrating HLV’s data and 0N1 Pressure’s strengths.”
Whereas there are tasks within the works that haven’t but been revealed, HLV said within the Twitter House that one in all them will probably 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 profit from the 0N1 Pressure IP, each on-chain and off.
“The inner 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 also reveal a leaderboard that may present different perks as effectively.”
Franchise, R0N1N, and World Membership
0N1 Pressure’s development isn’t slowing any time quickly. Along with the HLV partnership, Finn says that is only the start of a string of updates to return. 0N1 Pressure just lately rolled out three application-based applications: Franchise, R0N1N, and World Membership.
The Franchise Mannequin is meant to “foster and help builders and creators throughout the ecosystem. The purpose of the mission is to equip group members who need to begin their very own companies which the assets they want.”
“We offer a variety of help within the type of advertising and marketing, community, distribution, and funding,” mentioned the 0N1 Pressure staff. “Our purpose is to assist franchise holders succeed by offering the instruments they should thrive.”
The World Membership serves as a worldwide social community for Web3 creators, founders, operators, and types. The membership will give holders alternatives to return collectively to arrange 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 growth program for holders who need to be concerned within the enterprise operations of the mission and formally work on offers with the management. Whereas most NFT tasks are inclined to maintain holders separate from management choices, 0N1 Pressure encourages involvement and collaboration.
As an envoy, individuals will assist with sourcing new partnerships and offers whereas having fun with unique perks and rewards. Based on the graphic pictured beneath, members obtain a novel PFP as a token of their ambassador standing and will qualify for bonuses, commissions, and different incentives. This program supplies a possibility for people devoted to the group to reinforce their skilled community and profession prospects.
The way forward for 0N1 Pressure
Regardless of the brand new management being on the helm for lower than a 12 months, important modifications and new initiatives have already been carried out. Because the house observes the unfolding narrative of 0N1 Pressure, the mission’s journey stands as a testomony to the group’s resilience. Having navigated by way of important highs and lows, the mission is at the moment on an upward trajectory, reaffirming its dedication to innovation and group engagement.
“What makes us completely different than another mission is our group,” Finn instructed nft now. “We have now probably the most devoted group in Web3.”
With a brand new guard in command, an modern franchise mannequin, and a loyal group, 0N1 Pressure 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 take a look at of the mission’s resurgence.
“Our greatest information nonetheless hasn’t come out but,” Finn mentioned. “That is only the start.”
Editor’s be aware: This text was written by an nft now employees member in collaboration with OpenAI’s GPT-4.
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