Blind Boxes Marketplace: Mainnet Beta Launch
We are ready for action! Blind Boxes Marketplace begins its Mainnet Beta roll out today. This is an important milestone we’ve reached in order to continue our mission toward building a robust decentralized ecosystem that empowers Creators, supports individual ownership, and scales creative commerce on a global level.
Blind Boxes Marketplace
Blind Boxes Marketplace is a decentralized application (dApp) that enables curators to organize and launch limited edition drops of NFT collections. On this platform, the definition of curator is broad. Brands, artists, collectors, influencers, managers, and creative agencies, are encouraged to apply to be a curator.
Collectors have so much to look forward to as we begin to announce collection drops from top-tier talent including creators, game designers, galleries, brands, event promoters, and more. Collectors can browse, discover, and randomly draw NFTs from user-generated collections in a peer-to-peer marketplace. The Marketplace aims to bring the nostalgia of collecting to the NFT market, while rewarding its users with collector’s items and valuable assets.
The Marketplace is not a 1:1 auction site. In order to avoid wash trading and stagnant sales for NFT Creators, we have chosen to deploy a novel mechanism of distribution where the contents of a collection are designed to sell out. Each collection will distribute sealed packs of NFTs, one at a time. All boxes in a collection will be sold at a fixed price. Users will be able to see the assets in a collection. Yet since the boxes are distributed at random, the contents of their box will only be revealed after they purchase.
After purchasing an NFT from a Blind Box collection, users can resell the item on the platform by creating a new Blind Boxes collection of three or more NFTs. Notably, at launch, users will not be able to create resale listings containing just one NFT. We will consider adding this feature to future rollouts.
For now, anyone can create a collection with a minimum of three NFTs and publish it on the site. If you are a collector with ERC721 tokens and would like to sell your assets, you are able to create your own white-labeled collection that will be listed under the “community-created” section of the Marketplace:
April 15, 2021 appending information: We are first launching on Binance Smart Chain (BSC) to enable users to benefit from the low gas fees and faster transaction throughput on the blockchain. Integration with the Ethereum mainnet will take place in the coming week.
Mainnet Beta Launch
The Marketplace Mainnet Beta Launch will be deployed in three phases. This will allow sellers and buyers to perform a trial run on the site before transferring and purchasing NFTs. In Phase I, we will first be inviting featured Creators to access the site in order to test load NFTs and ensure the transferring of their real assets will be deployed safely and securely. Phase II will include pre-registered users who receive a private link in their inbox once Creator onboarding has ended and collections have been published. Phase III will be fully optimized public deployment.
Phase I. Creator Onboarding
The first phase will include onboarding selected NFT Creators in order to give them the lead time necessary to transfer their NFTs into their MetaMask wallet on the Ethereum Mainnet and into collections before pre-registered users are granted access. This will allow a critical period for them to test UX/UI and provide real-time feedback.
Phase II. Pre-Registered Members
Once initial creator onboarding is completed, pre-registered members will be batched and granted access to collections based on the order in which they signed up. This process begins April 15. If you would like to be a part of the action, pre-register here: bit.ly/2Q4QHCV
Beta users will be able to access and navigate the dApp, purchase NFTs, and list their own collections. With your participation, we ask that you enthusiastically test our platform, provide us with constructive feedback, vulnerability reporting and gentle criticism. Please refrain from FUD-like commentary, trolling or black hat hacking. If you’d like to earn $BLES, participate in our Bug Bounty Program for a chance to win tokens.
$BLES Bug Bounty Program
Pre-register as a beta tester using the link above. Once Phase II begins and your batch has been issued a private url to the Marketplace, you can start using the dApp as a Bug Bounty Hunter!
In order to participate in the Bug Bounty Program, you must report bugs or necessary fixes to firstname.lastname@example.org with a screenshot of the issue you have identified.
This is a community-driven effort to find and report security exploits and vulnerabilities before malicious hackers can exploit them. Bugs can also include processing issues, web copy errors, or missing functionality. Our team will only accept high-quality submissions which they have not yet identified and acknowledge the first user who reports a bug that is identified by multiple bounty hunters.
Phase III. Public Users
We will issue an update once we have debugged and initiated full deployment to public users.
Which Currencies Does the Platform Accept?
Curators who publish a collection can accept either BLES or USDC. Buyers will only be able to pay using these cryptocurrencies as well. Ethereum (ETH) or major/fiat currencies such as USD, GBP, or EUR are not currently accepted in version 1.0.
$BLES is the Blind Boxes’ ERC-20 governance token. If a curator of a collection opts to accept $BLES upon creating a collection, the 5% platform commission fee will be waived. When a $BLES collection sells out, $BLES is mined and collectors will receive a fractionalized amount of $BLES tokens.
There is no direct way to buy $BLES using fiat currency. In order to acquire $BLES, visit one of the crypto exchanges or Automated Market Maker (AMM) below. You will be able to trade listing pairs and transfer $BLES to your MetaMask wallet. This process will enable you to activate your buying power in the Marketplace.
USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 USD Coin for US$1.00, giving it a stable price. On Coinbase, eligible customers can earn rewards for every USD Coin they hold. In order to purchase USDC, please review the options listed on Coinbase’s website.
Please note that you are proceeding at your own risk and may expose your private seed and crypto funds to an external audience over which Blind Boxes has no control.
This may give malicious parties access to your wallet and result in the permanent loss of your crypto assets.
Currently, we only recommend MetaMask as a resource to transfer funds and ERC-721 tokens to and from the Marketplace. Blind Boxes is not responsible for any losses which may arise from using a third-party platform.
$BLES Hodlers and Community Members
We would like to express our deepest gratitude to everyone supporting and contributing to this project. We have had incredible reception from the public since our March 26 IDO and are excited for you to join us as we mark this significant milestone. There are many more exciting developments to come and so much to look forward to over the coming months.
Brands, talent managers, or collectors with access to amazing talent, apply to become a Blind Boxes Curator. Curators can launch their own mystery box collections and earn commission on the sales from the entire collection of NFTs.
To get the latest news about Blind Boxes, sign up to register as a member of the community.
About Blind Boxes
Blind Boxes is a gamified curation platform and launchpad for NFTs (non-fungible tokens). This highly scalable dApp enables brands and creators to diversify their revenue streams, increase the liquidity of their creative assets, and become leaders in decentralized global economies while engaging fans and buyers to discover and collect rare, limited edition NFTs.
Via the Blind Boxes Marketplace, buyers experience the thrill of time-released curated NFT collections. Here collectors unlock sealed packages of exclusive items, curated by tastemakers across the arts, music, & entertainment. Curation is at the core of our value proposition. The platform offers a commission structure that incentivizes independent contributors to produce bespoke blind box collections that feature top-tier talent and emerging artists and designers from around the world.
For all recent announcements and updates, connect with us: