Welcome to Crecoland!
Our mission is to unlock the full potential of blockchain for NFT
On-chain metadata collections
Notable Drops 🔥
Why On-chain Metadata?
Storing metadata on a server or IPFS makes it almost impossible for smart contracts to interact with NFTs in a meaningful way. Remember, smart contracts have no access to any information outside of blockchain. That’s why the only thing that smart contracts can do with most existing NFT collections is to simply transfer ownership of the underlying tokens…boooring!
Let’s fix that. Storing trait metadata (asset DNA) on-chain gives smart contracts the complete information about the underlying assets & enables creation of custom code based on the trait data of your NFTs. The following are just a few examples of what we can achieve with this new superpower.
Unlock integrations into the DeFi ecosystem. Determine collateralization & liquidation for lending / borrowing based on the traits of your NFTs instead of simply looking at the collection floor. Example: Receive higher loans for rare collection items with trait based price discovery.
Empower decentralized market places and build an NFT DEX. No crawlers, indexers, servers required to search for assets, parse information and interpret it. You can simply create on-chain trustless order books containing atomic or collection based orders of any degree. Example: A smart contract stores and matches a collection offer for all the Crecodiles wearing an astronaut suit & holding a pickaxe.
Create your own “Free to own” (F2O) world. Think of your on-chain metadata as the DNA that describes the key features of an asset, but does not limit its representation. The DNA serves as an asset factory that enables various creative & artistic interpretations. Example: You can have a 2D Crecodile artwork & a 3D Crecodile render that are based on the same on-chain DNA.
Enable on-chain gamification. Write custom game logic based on the traits of the underlying assets. Example: All Crecodiles that own a pickaxe mine 10 $DUST/hour & all the Crecodiles that own a diamond pickaxe mine 2x the amount e.g. 20 $DUST/hour.
Tools for Creators
Our mission is to grow the on-chain metadata ecosystem.
We have developed a custom set of tools to enable creators to launch their very own on-chain metadata NFT collections. In addition, we also offer on-chain migration support for existing collections. Yes, we can also help you to migrate your OpenSea storefront collection to your own token contract supporting on-chain metadata.
Wall of ❤️
Enjoyed by our community
Posts from Creco
The Crecodiles mint has already been a wild ride! Now, we are all looking forward to the reveal. 🐊 Reveal Ceremony Our reveal ceremony is scheduled for Tuesday, 3 May 2022 21:00:00 UTC. We will mint token...
Crecodile NFTs will have on-chain metadata. If you are still wondering what this is and why it is important check out our last in-depth write...
Let’s talk about Ethereum NFT collectibles & on-chain NFTs — some of the myths and challenges and why we would want “on-chain NFTs”, but