Resurrection in Progress? Inside the Quest to Rebuild 0N1 Force

In case you’ve been concerned within the NFT sphere since 2021, it’s possible you’ll recall the formidable presence 0N1 Force as soon as commanded when it got here onto the scene that August. One of many first-ever true anime PFPs, it had a mean sale worth of over 6 ETH shortly after launch, according to OpenSea. Nevertheless, following a interval of recognition, 0N1 Drive skilled a gradual decline, with the venture’s minimal worth languishing below 0.30 ETH through the summer time of 2022.

Rising from the 2022 droop, 0N1 Drive now embarks on a brand new chapter, bolstered by modifications in its possession and management, a redefined roadmap, and the steadfast loyalty of its neighborhood. The ground not too long ago rallied 90 percent to 1.1 ETH from Might 8 to Might 15 and now maintains a 1.5 ETH flooring on the time of writing.

The venture is now setting its sights on a resurgence paying homage to the outstanding comeback story of Pudgy Penguins, with gross sales volumes surpassing $177 million.

A altering of the guard

The story of 0N1 Drive’s resurrection begins in February 2023, when blockchain funding agency Old Fashioned Research (OFR) acquired the venture from its earlier house owners: JR, IMCMPLX, Strawberry, CryptoSpaces, and LinkedEm. The brand new staff boasts crypto veterans, together with former Binance CFO Wei Zhou and Yield Guild COO Colin Goltra.

OFR was based in late 2021 by Zhou and fellow ex-Binance government Wayne Fu. In accordance with TechCrunch, it was valued at $100 million in 2022 and goals to uplift and develop tasks with long-term potential. In accordance with the staff, 0N1 Drive was one such venture. Few tasks are as “groundbreaking and distinctive” as this one, they wrote in a February 25 Twitter thread.

Partnership with Horizen Labs

On Might 4, extra vital information got here for the 0N1 Drive neighborhood. The team announced a strategic partnership with Horizen Labs Ventures (HLV). The corporate has a good monitor file, having beforehand collaborated with distinguished entities inside the Web3 area, together with Yuga Labs, ApeCoin DAO, The Sandbox, Jam Metropolis, Mud Protocol, and Animoca Manufacturers.

The collaboration goals to leverage HLV’s expertise advising profitable Web3 tasks and 0N1 Drive’s capabilities in IP creation. The objective is to develop story-based options that cater to the evolving wants of the digital panorama in each web2 and Web3 environments.

In a Might 15 Twitter Space, 0N1 Drive CEO Henry Finn (AKA Starlordy) emphasised that the partnership underscores its dedication to development and increasing its Web3 providing to its neighborhood. Additional, Zhou — the strategic advisor to 0N1 Drive’s possession group — emphasised, “This partnership intends to create a novel expertise for the neighborhood by integrating HLV’s information and 0N1 Drive’s strengths.”

Whereas there are tasks within the works that haven’t but been revealed, HLV said within the Twitter Area that considered one of them will likely be a rewards system for holders. Each Finn and Degentraland, who heads Web3 technique for HLV, hinted at an off-chain level staking system, in addition to potential avenues for holders to learn from the 0N1 Drive IP, each on-chain and off.

“The interior factors system is a strategy to reward each new and OG holders by giving them a strategy to not solely be celebrated however to discover a strategy to redeem rewards each digital and bodily,” Finn stated. “Factors may also reveal a leaderboard that may present different perks as nicely.”

Franchise, R0N1N, and World Membership

0N1 Drive’s development isn’t slowing any time quickly. Along with the HLV partnership, Finn says that is just the start of a string of updates to return. 0N1 Drive not too long ago rolled out three application-based packages: Franchise, R0N1N, and World Membership.

The Franchise Mannequin is meant to “foster and help builders and creators inside the ecosystem. The objective of the venture is to equip neighborhood members who wish to begin their very own companies which the sources they want.”

“We offer a variety of assist within the type of advertising, community, distribution, and funding,” stated the 0N1 Drive staff. “Our objective is to assist franchise holders succeed by offering the instruments they should thrive.”

The World Membership serves as a worldwide social community for Web3 creators, founders, operators, and types. The membership will give holders alternatives to return collectively to prepare occasions, dinners, and gatherings. Three or extra members can begin a proposal to type a membership inside a membership that aligns with their pursuits.

The R0nin Ambassador Program is a enterprise growth program for holders who wish to be concerned within the enterprise operations of the venture and formally work on offers with the management. Whereas most NFT tasks are likely to hold holders separate from management selections, 0N1 Drive encourages involvement and collaboration.

As an envoy, contributors will assist with sourcing new partnerships and offers whereas having fun with unique perks and rewards. In accordance with the graphic pictured beneath, members obtain a novel PFP as a token of their ambassador standing and should qualify for bonuses, commissions, and different incentives. This program offers a possibility for people devoted to the neighborhood to reinforce their skilled community and profession prospects.

The way forward for 0N1 Drive

Regardless of the brand new management being on the helm for lower than a yr, vital modifications and new initiatives have already been applied. Because the area observes the unfolding narrative of 0N1 Drive, the venture’s journey stands as a testomony to the neighborhood’s resilience. Having navigated by vital highs and lows, the venture is at the moment on an upward trajectory, reaffirming its dedication to innovation and neighborhood engagement.

“What makes us totally different than every other venture is our neighborhood,” Finn informed nft now. “We now have essentially the most devoted neighborhood in Web3.”

With a brand new guard in command, an progressive franchise mannequin, and a loyal neighborhood, 0N1 Drive demonstrates the potential to rise, fall, and ascend as soon as extra within the ever-evolving digital panorama. Whereas the longer term stays unknown, the approaching instances would be the final take a look at of the venture’s resurgence.

“Our greatest information nonetheless hasn’t come out but,” Finn stated. “That is just the start.”

Editor’s word: This text was written by an nft now workers member in collaboration with OpenAI’s GPT-4.