Ether Cards Banks $3.7M in Presale of ‘Supercharged’ NFTs

“What you can do right now with NFTs is you can buy, you can sell and you can hold. And I think we can do better than that.”

AccessTimeIconMar 18, 2021 at 1:00 p.m. UTC
Updated May 9, 2023 at 3:17 a.m. UTC

Crypto startup Ether Cards sold $3.7 million worth of souped-up non-fungible tokens (NFTs) in a pre-sale that closed earlier this month.

The graduate of ConsenSys’ accelerator program told CoinDesk collectors snapped up 1,752 total cards, including pieces by veteran comic book artist Mark McKenna and Dirty Robot, a Japan-based visual designer. A wider public sale of the remaining 8,250 cards, some of them rare, opens Thursday.

  • Three Major Ethereum Stories to Watch in 2024
    02:12
    Three Major Ethereum Stories to Watch in 2024
  • Here's Why Ether Could Surge in 2024
    00:54
    Here's Why Ether Could Surge in 2024
  • BlackRock Files Ether ETF Prospectus; Vivek Ramaswamy Proposes New Crypto Rules
    02:16
    BlackRock Files Ether ETF Prospectus; Vivek Ramaswamy Proposes New Crypto Rules
  • Ethereum Validator Queue Has Nearly Cleared Out, Signaling Weak Staking Demand
    01:17
    Ethereum Validator Queue Has Nearly Cleared Out, Signaling Weak Staking Demand
  • The sale serves as an early validation for Ether Cards’ gamified twist on collectible NFTs. Each card carries a smart-contract-based “trait” designed to prompt continued user engagement. For example, some might grant their holders discounts on future pack purchases, while others might increase the likelihood of a future “rare” pull.

    That’s a stark difference from many of the NFTs that have swamped the digital art world in recent weeks, said Andras Kristof, Ether Cards co-founder. He said second-order “utility” traits bolster Ether Cards’ value proposition, granting them staying power that, say, a tokenized photo of someone’s cat utterly lacks.

    “What you can do right now with NFTs is you can buy, you can sell and you can hold. And I think we can do better than that,” Kristof said.

    A look at Ether Cards
    A look at Ether Cards

    The randomization of each NFT's traits is generated by Chainlink’s “Verifiable Randomness Function.”

    “As NFTs become more popular, we anticipate that more and more projects will rely on Chainlink VRF as a means to prove the uniqueness and rarity of their NFT,” Chainlink co-founder Sergey Nazarov told CoinDesk. “Relying on unverifiable sources of NFT generation often leads to fraudulent manipulation, calling into question the very value of an NFT series.”

    Just last week, digital artist Beeple watched in disbelief as his tokenized composite of 5,000 prints sold at auction for a record $69 million. It was a historic moment for NFTs as a medium – but also seen by some as troubling because massive sales could lead to an over-exuberant market for what are really just digitally traced JPEGs.

    “After this project gains traction, nobody can afford to create a plain old NFT and get away with it,” Kristof said.

    Ether Cards will release its framework for minting supercharged NFTs in the public domain – likely under MIT’s highly permissive software license, Kristof said. Doing so would let anyone iterate on Ether Cards’ NFT framework so long as they make their version similarly open.

    Kristof said the framework would allow other creators to monetize blockchain-stored pieces.

    Ether Cards did not tell CoinDesk by press time whether participating artists would take home a share of the profits.

    Ether Cards
    Ether Cards

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Read more about