In an anticipated strategic move, Frensville, Inc., recognized for its premier NFTcollection, Nippy: Magnet of Mischief, is planning to introduce a novel method ofroyalty distribution to its holders. Nippy has been notable for a unique profit-sharing model in which returns are linked to the physical products associatedwith a holder’s ERC-721 NFT, with holders traditionally earning 2.5% to 5%, basedon the traits of the NFT.

In the next two quarters, Frensville projects to depart from its routine ofdistributing profits via $USDC airdrops. The company has hinted at a novelutility token, $FRENS, aiming to further capitalize on the power of blockchain indemocratizing profit distribution. A systematic approach that will further offertransparency and new value for holders.

The proposed switch to $FRENS as the primary mechanism for claiming profit-sharing royalties has been met with mixed sentiments within the community.Although the potential benefits are recognized, there are concerns about therelative volatility of an ERC-20 token like $FRENS, compared to the stability of$USDC. As a result, the value of returns could be subject to fluctuation. Thedeflationary nature of the $FRENS token could potentially increase rewardvalue, but the speculative risk is also a cause for concern.

In response to these considerations, Frensville is exploring a unique solution:offering holders the choice of receiving their payouts in either $FRENS or $USDCi n the future. If holders opt for $USDC, they will receive a reduced upfront payout, with the liquidity expected for distribution remaining within the liquidity provider. This proactive approach seeks to balance the advantages of both payout options and showcases Frensville’s commitment to addressing the needs and concerns of its community. This future-focused response signifies the adaptability of the NFT space and serves as a beacon for its ongoing evolution.

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In a unique move to involve and engage thecommunity, Frensville will soon solicit trait ideasfrom its members. These ideas will be put up for avote, with ten chosen for inclusion in the collection.Further fostering artistic creativity, Frensville willseek artists within the community to execute onthese traits to the new collection.

This endeavor aims to tap into the potential of the community, enhancing creative output and fostering unity. As Frensville continues to innovate, it reaffirms its commitment to a community-centric model, fostering a sense of belonging and collaboration among its members.

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The Frensville Stitching NFT operates on the same smart contract as the ERC-1155, similar to theScissors ERC-1155. The groundbreaking aspect of this initiative is the empowerment of individuals to leverage the Intellectual Property (IP) of their newly built asset for profit-sharing. This move elevates digital ownership to a new level,intertwining individual creativity, blockchain technology, and financial opportunity into a unique blend. It is an invitation for holders to weave their narrative in the expansive tapestry of the Frensville, Inc. community.

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This merger comes amid a rising wave of discussion around mergers and acquisitions within the NFT markets, as the industry tightens up on web3revenue (i.e. royalties) many projects are having challenges thinking through what is next for their communities. Notably, Steve, the founder also known as jaceryan, addressed this topic during a session on DeGenNetwork on July 10th.His insightful conversation about the growth strategy for Frensville, Inc. has sparked a series of follow-ups with DeGenNetwork, highlighting the growing interest around the project.

Initially, Nippy assumed ownership of BeanBagFrens in early February, laying the foundation for this remarkable partnership. The amalgamation of these two communities symbolizes a paradigm of operational excellence, streamlining communications, and a commitment to creating a unified, active digital space.

The fruits of this merger are apparent. Frensville, now better organized and equipped with a shared vision, was able to release an updated operating plan, widely welcomed by its members. The plan provides a roadmap for the community’s future, outlining a clear, ‘true north’ vision.

Key to this vision is a promising value-exchange proposition for digital asset holders. By incorporating a profit-sharing model into the organization’s business activities, the new operating plan offers a unique opportunity for members to benefit directly from their investments.

As Frensville, Inc. moves forward, it’s clear that this venture signifies more than just a merge; it’s the dawn of a new era where investors are seeking true utility from their investments. This sentiment resonates with the community’s aim of being a small yet nimble project, capable of building meaningful relationships and delivering substantial value in the digital space.

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The inaugural collaboration on the platform will be with Quirkies. Syntribos, the founder of Quirkies and an avid supporter of the Frensville vision, fervently expressed, “I don’t think it should launch without a space, it’s too good and will be wasted without the correct launch.” This endorsement underscores the promise and potential of this unique venture. Consequently, Frensville will join Quirkies in their Monday community spaces to elucidate the mechanics of the collaboration platform. 

The process begins with IP submission, expected to span two weeks, followed by a voting period lasting one week. This adaptable model allows for the customization of IP eligibility for every collaborating NFT collection, tying together the collaborators’ lore and smart contracts. For the first collaboration with Quirkies, only those questing will be eligible. 

Once participants connect their wallets, which also includes DelegateCash capabilities, they can select and submit the IP. Participants will name the IP and add a storyline, which will then be open to voting by the Nippy and Quirkies communities. The voting period will maintain blind counts to avoid manipulation, enabling communities to vote for their favored IP and its associated lore. 

The selected winners will receive a license for profit-sharing from the physical product, blending creativity with financial opportunity. The introduction of this platform signifies a giant leap in the NFT space, opening doors for other NFT collections to potentially collaborate with Frensville and its platform. 

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