Fractal Collection

So what is a Fractal

The Fractal Collection consists of 10,000 uniquely algorithmically NFTs and is our community utility token, each Fractal NFT comes with its unique metadata including names, attributes, and descriptions of the NFT art, which will allow you to recreate the artwork on our website at a later time. Each Fractal NFT will be assigned a rarity score within the metadata description so no Fractal NFT is the same. The current attributes for the Fractal NFT include color, zoom, point, cycles, and location. We will be revealing more attributes as we progressed in developing the Fractal NFT.

How are Fractal NFT created?

The Fractal Collection is a curated selection of points of the Mandelbrot, generated with a numerical algorithm. Each work represents the neighborhood of one of our favorite points of the Mandelbrot Fractal, with a random zoom factor and colored with arbitrary gradients based on the number of iterations of the function f(z) = z^2 + c before the point diverges to infinity. Not all the attributes are equally similar, thus giving rise to different degrees of entropy for each artwork. In particular, higher zoom levels are limited, and golden-colored points are very scarce. Attribution is random, so we wish you the best of luck in minting one of the rarest Fractal out of the collection.

Fractal Fractal Utility

Fractal utility derives from being our community token which can also be turned into a Fractal NFT once Xls-20d is released. The fractal token will be used to distribute any blockchain product NFT Labs creates in the future. Fractal NFT tokens can currently be held to participate in exclusive NFT collection drops specifically created by NFT Labs and the Fractal community. Currently, we have plans to drop 7 NFT collections to Fractal holders at a 1:1 ratio using a snapshot of their Fractal balance at a date announced in the future. You will receive an equal amount of your holdings in the new NFT token. So far the first two collection reveals are Trippy Apes Club and Fat Cats coming soon to XRPL.

0.5 Fractal = 1 NFT from each collection.

7 NFT’s total

Fractal DAO

Fractal is not just an NFT. The Fractal community will eventually be a DAO, where we can make decentralized decisions leading us to make the most optimal business decision by using a democratic voting system. 

decentralized autonomous organization (DAO)is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members, and not influenced by a central government. A DAO’s financial transaction record and program rules are maintained on a blockchain for everyone to see.

Where is Fractal NFT going to be stored?

Fractal NFT’s will be stored using IPFS. The InterPlanetary File System (IPFS) is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. IPFS uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices. IPFS allows users to host and receive content in a manner similar to BitTorrent. As opposed to a centrally located server, IPFS is built around a decentralized system of user-operators who hold a portion of the overall data, creating a resilient system of file storage and sharing. Any user in the network can serve a file by its content address, and other peers in the network can find and request that content from any node that has it using a distributed hash table (DHT). 

Where to buy Fractal?

Fractal NFT utility tokens can currently be purchased through the XRP ledger Dex. You may use the many XRP Dex interfaces available to interact with the ledger such as Xumm Wallet, Sologenic.org, and XRPtoolkit. If you still need help or would like to perform further research on this topic you may check this detailed blog post on how to buy Fractal on XRP ledger.

NFT Token Spec

The Fractal NFT will be available for minting once standard XLS-20d is implemented on XRPL. XLS-20d will add support for Non Fungible Tokens on XRP. The XRP ledger currently supports regular tokens (IOUs) that are mainly used for payments and are divisible unlike NFT’s which have the following token traits.

  • Indivisible;
  • Unique; and
  • Not used for payments.
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