â Derp Birds 2.0: Rebirth
Major Feature
Overview
Rebirth is a token upgrade for the Legacy Derp Birds collection. Holders of the original Legacy Derp Birds will be able to upgrade their Derps by trading their original Derp for a new NFT that features an all all-new, upgraded art style and is on an open policy which means the NFT can be updated over time based on user choices throughout the roadmap.
The new token will feature the upgraded art but will also have a copy of the old artwork in the metadata as well.
Simply saying that the new token is an "upgrade to the art" is a massive understatement. Not only is the new token going to set a standard for how customizable NFTs will be built on Cardano, but the art upgrade alone represents one of the most substantial artwork upgrades in the history of NFTs.
Open Policy
Having the Derp Birds on an open policy will allow the metadata of the NFT to change over time based on how the NFT is used in the roadmap. It also makes customizing the Derp Bird possible, allowing holders to change the visual style of the Derp Bird... more on this in customization.
The original tokens
When upgrading to the new Derp Bird NFTs, the holder will send the old NFT and receive the new one. The old NFTs will be stored in a verifiable burn wallet
which is a wallet that not even the team can access. These NFTs cannot be burned(removed from the blockchain) since the policy is now locked.
Something Extra
In addition to the original artwork and the new 2.0 artwork, there will be something else special included in the 2.0 token as well... đ
Upgrading
When the feature launches all holders will be able to upgrade by simply connecting their wallet, selecting the Derp Bird(s) they want to upgrade, and paying the $DERP fee required for the upgrade. The old NFTs will be replaced with the new upgraded ones.
Cost
The cost to upgrade is calculated as: [$DERP generated by asset per epoch * 10]
Said another way, the cost to upgrade a Legacy Derp Bird is the amount of $DERP that it generates in 10 epochs.
FAQ
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