Collab.Land to Airdrop Token to Over 2M Wallets on Optimism

Collab.Land, an automated management tool that integrates into Discord and Telegram for token-gated communities, is distributing its token (COLLAB) on Optimism in the form on an airdrop on Feb. 23.

The distribution of COLLAB will spearhead the ecosystem’s decentralized autonomous organization (DAO).

Used by roughly two million wallets in over 40,000 non-fungible token (NFT)-centric communities like Axie Infinity, Aavegotchi, World of Women, Pudgy Penguins, Doodles and BanklessDAO, Collab.Land is a service that enables token-gated spaces. Collab.Land verifies and confirms whether a wallet possesses a certain NFT or token before granting the address access to a given community.

Collab.Land token holders can participate in the DAO’s governance process as well as curate and review applications submitted to Collab.Land’s upcoming marketplace, which will allow developers explore new tools beyond on-chain asset verification and token gating.

“This distribution is just the beginning. We are working towards creating a positive sum future where developers, creators and members share in the value of the network they are building together,” said James Young, CEO of Abridged, makers of Collab.Land.

Four parties will be eligible to take part in the retroactive distribution of COLLAB including verified community members on Discord or Telegram, Collab.Land’s top 100 Discord communities, Collab.Land Patron NFT holders and Collab.Land Membership NFT holders.

The retroactive distribution of COLLAB makes up 25% of the total supply, while the DAO Treasury will hold 50%. Collab.Land’s core team, investors and partners will hold the remaining 25% of the total supply, according to Collab.Land’s website.