[toss1]

Although the "Evolved Apes" game creators unfortunately did a runner, it seems they did prove the concept. Who knows if it would have been enough to fund development, but funds were raised.

Obviously, you've got a handle on working with/around the SEC security rules, and it seems that being non-anonymous and transparent about the development, raise process, etc. could be quite successful.

It also seems that organizing it like a raise might help, and is plausibly possible with smart contracts. E.g., we will be raising a minimum of $5 million with this raise, if we don't reach that then the sales will not complete — or, perhaps will complete at the starting value (to cover the costs of the NFT raise). So, the offer might be:

buy at minimum of $x,

sale will be completed at top bid price if sum of all top bid prices exceeds $5 million

else sales will be exercised at opening price to winning bidders

Just a start of an idea, needs work.

In any case, good luck!

[naterudichuk]

Great points! I think rug pulls or outlandish concepts for NFTs are unfortunate for sure. We have a public beta and by the time the NFT drop is out, we will be fully launched, so at least there will be a project to showcase our work. We are working with a fairly well known defi engineer so I am confident that our strategy will have a chance at success! Thanks for the comment!