Gmoney is launching an exclusive NFT collection, Admit One. He will release the NFTs to a select group of people through a free mint, paying homage to CryptoPunk’s legendary free mint. Through Admit One, the prolific investor wants to build a community of like-minded people who understand how critical it is to disrupt traditional industries and increase the adoption of cryptographic technologies.
How is Gmoney allocating the Admit One NFTs?
Admit One is a 1,000-member private group of Web3 enthusiasts, builders, and thought leaders. NFT holders will gain access to a close-knit community, as diverse and dynamic as a community can get. Given that there are only 1,000 entry passes to this community, Gmoney and the team spent months trying to figure out the distribution mechanics.
The first 11 Admit One tickets will go to the 11 wallets that own all 3 Bitcoin Miami NFTs. Apparently, they were the ones supporting Gmoney from the very beginning and this is one way to show his gratitude. Next, 200 spots will be reserved for a hand-selected group of people that will be valuable to the community. More than half of which are influential women in the NFT space.
Gmoney is allocating 698 spots for those that have the POAPs from Bitcoin Miami in June 2021. He is also allocating 60 spots for the Admit One partners/team members, and 30 spots for future distribution. The rest will be up for grabs and if not, for future distribution.
Why a 100% free mint?
There are so many ways to distribute NFTs, and we’ve seen some good ones and bad ones over the past year. However, the NFT icon has a few reasons why a free mint is the way to go.
Firstly, Gmoney wants the community to determine the value of the collection, not him. Next, he wants 100% of the community, including himself, to be on the same boat, working towards the same direction. Profiting from the mint will not be consistent with what he’s preaching.
More importantly, he wants to show his love and appreciation to the people that have supported him through the years, such as his POAP holders. And as mentioned, the team is following the footsteps of one of the very first NFT mints, CryptoPunks, which were free to claim at that time.