Show HN: Onchain – Simplistic algorithmically generated NFT project on Fantom

Some would love it, some would hate it. And thats ok :)

I wanted to run a social experiment to see if something like this can work. I am calling it 1MB (One Million Bytes), mint to earn project.

Idea is simple, you mint a byte (NFT) at a specific location on a 1000x1000 grid. Some of you might remember projects like million dollar homepage.

Fantom is a proof of stake chain so minting cost is just few cents $.

These byte NFTs are standard ERC-721 tokens so you can always trade and speculate. However, this projects is a little different..

90% of the NFT cost collected by the smart contract is given back to few thousand randomly selected holders.

Also, each NFT act as an on chain memo. You can set your memo on chain which will live forever (can be edited by the token owner).

There is no central team, no control, everything is pre programmed in the solidity smart contract.

Byte name and color is selected by the smart contract from a set, byte shape is generated randomly at the time of minting.