Frequently Asked Questions (FAQ)
Why did we create the Corona Generation NFT collection? 98% of NFT projects fail. I wanted to give it a try anyway. There are people who bought and sold digital monkeys for hundreds and thousands of dollars - and at the same time others take screenshots of the same image and use it as their profile picture. Lots of people got rich while others lost money in scams.
There are many different opinions about NFTs out there. For me, all this doesn’t matter, because the NFT hype has inspired me and other artists to try something new.
Here is why I think this is fascinating:
➤ I always say a picture says a thousand words. And 10.000 pictures can do even more! They can tell entire stories.
➤ NFTs encourage artists to use technology to create art (two things I’m passionate about)! A program can assemble the artwork with the help of multiple pieces (layers). Every time I run the program, the art is different and it surprises me, makes me smile and inspires me for future art projects.
➤ The NFT hype has encouraged many hobby artists to create (again) and showcase their art. ✍
What's the supply? How many members are there?
The Corona Generation is limited to 10,000 members. They are all unique.
What are the rights when I own a member of the Corona Generation?
The owner gets the rights to use the members in commercial work such as creating stories, making merchandise, and creating physical artwork which can be used personally or sold and profited from. The owner is defined as the current owner as indicated by the blockchain.
What's the supply? How many members are there?
The Corona Generation is limited to 10,000 members. They are all unique.
Why is the Corona Generation more environmentally friendly than other NFTs?
Maybe you have heard that Blockchain technology is consuming a ton of energy. This is true and not true. For smart contracts, Ethereum is used. Currently, Ethereum is still very energy-hungry. Therefore we Polygon as a Blockchain Technology. Polygon users a different consensus algorithm and saves around 99.95% of energy compared to Ethereum (see here).
On top, the transaction fees can get pretty expensive, sometimes up to $80. Polygon is using the proof of stake mechanism which is more environmentally friendly. Transaction fees on Polygon are only cents (at the time of writing).
The currency for the Polygon network is called MATIC.
What does it cost to mint a member?
Minting costs 32 MATIC per member. After the reveal event, the price will increase to 48 MATIC. Until the Corona Generation reaches 500 members , you can get one for free. Make sure you grab one!