In the spirit of resilience and determination, we have decided that the show must go on. It has been a few months since the closure of WazirX, and now we are ready to embark on a new chapter. We have chosen to migrate our Music NFTs to Objkt.com, a Tezos smart chain-based marketplace where we have already been selling our NFTs.
Migration process is as follows: we will mint our NFTs on Objkt.com, ensuring that the original minting date and blockchain transaction data are preserved. To maintain the integrity of our previous transactions, we kindly request the original collectors to offer the same USD equivalent value they paid during the primary market purchase. The collectors can then transfer the original BNB NFT tokens back to us using either the WazirX NFT archive or Opensea. We will retain these tokens as proof of our previous transactions, rather than burning them. Once this process is successfully completed, FWD will accept the offer on Objkt.com.
Please understand that a 2.5% platform fee on Objkt.com will be incurred during this migration, resulting in a loss on collectors part. However, we are committed to providing a seamless experience for our community and also paying a little platform fee for our new home.
As such, we will promptly refund the remaining full amount to each collector within one business day, ensuring a smooth and efficient migration process. Once the migration is complete, we will proudly announce it on our social media platforms and website, celebrating this new chapter in our journey.
For those collectors who wish to retain their original minted BNB NFTs and choose not to migrate, we fully respect your decision. Rest assured, we will still mint them on Objkt.com for showcasing in our Objkt portfolio. These NFTs will never be listed for sale and will always remain reserved exclusively for you, our valued collectors.
Now, let’s talk about why we chose the Tezos blockchain and Objkt.com as our new home. We are deeply enamored by the Tezos community and the remarkable features offered by Objkt.com, such as multi-editions with multi-listings. Notably, the transaction fees on Tezos are incredibly affordable, allowing us to create multiple editions of our tracks and sell them to our a wider range of audiance. We are currently developing tutorials in Indian languages to facilitate the onboarding process for enthusiastic collectors from India, further strengthening our connection with the local community.
But here’s the most exciting part: we want you, our valued collectors, to be a part of this migration process. Your opinions and perspectives matter to us, and we want to ensure that we proceed in the best possible way. We invite all collectors to share their views on how we can facilitate this migration seamlessly and effectively. Your input will shape this transition and help us create an environment that continues to support and empower our incredible community.
FWD’s migration is not just a technical move; it is a testament to our resilience, adaptability, and unwavering commitment to our community. Together, we will overcome challenges, embrace change, and continue to make history in the world of music NFTs.
Thank you for being an integral part of Fools With Dreams. The journey continues, and we cannot wait to witness the incredible chapters that lie ahead.
With gratitude and excitement,
Subhrojit, Co-founder and Builder Fools With Dreams Music NFT Record label (FWD)
About Author
