Cryptooshala has announced major changes to its historical digital collectibles project. Starting February 13, the price of Cryptooshala articles minted as non-fungible tokens (NFTs) will increase from $20 to $100, and the maximum number of copies will decrease from 10 to three. The Historical Collection is an archival project that allows readers to create unique, one-of-a-kind Cryptooshala NFT articles while preserving them as historical records of the blockchain industry. Readers can create stories they think will become valuable by clicking the “Collect” button in the article.
VIEW COINTELEGRAPH HISTORICAL COLLECTION
The move aims to articulate the value of Cryptooshala articles and ensure they are rare. Each article is a historical record of the blockchain industry, documenting the most important events, trends and figures in the field.
Ivan Sokolov, founder Mintmade — the platform behind the story — said, “We understand that investors can be focused on secondary sales and trading volume, but at Mintmade, we have always prioritized primary sales and user experience.” He believes the move will also bode well for the future usefulness of the collection and allow the company to increase its total trading volume, which currently stands at less than 1 ether (ETH). “We are transparent about our sales and have generated around 11 ETH ($22,000) in revenue so far. This income will be used to improve our product and attract more users.”
Mintmade plans to roll out several new features through Cryptooshala, including a “Recent Mints” widget on the homepage, allowing anyone to highlight articles and topics they find valuable. The list of article collectors will also be displayed inside the article. In addition, Mintmade has already implemented the Minting Points system, which allows users to earn free tokens that can be used to purchase digital collectibles.
The new pricing structure and copy limits will go into effect on February 13th and will only affect recently published articles. The team is also looking forward to meeting community response to change and will continue to improve Historic to provide owners with more options.
Credit : cointelegraph.com
