NFT EulerBeats Genesis: Where Algorithmic Art Meets the Crypto World
NFTs (Non-Fungible Tokens) are gaining increasing traction in the world of blockchain today. They offer a unique opportunity to own digital assets that can’t be replaced with something else, unlike cryptocurrencies like Bitcoin or Ethereum.
One of the most notable examples of NFT utilization is EulerBeats. In this article, we will delve into what EulerBeats Genesis is and how it works.
What is EulerBeats Genesis?
EulerBeats Genesis is a unique project in the NFT space that combines mathematics, art, and music. Each EulerBeats token is a limited series of LP (Long Play) records, created based on the formulas of the legendary mathematician Leonard Euler. Each LP has a unique cover design and sound track, created from these formulas.
How does it work?
The process of creating EulerBeats Genesis begins with Euler’s formulas, which are used to create unique visual and audio content. Each token is a unique LP, created based on one of these formulas.
The project has released 27 original LPs (named LP0 to LP26), each of which is released in 27 copies, making a total run of 729 copies. Purchasing an LP gives the owner the rights to all income stream from further resale of this LP.
When selling a copy of the LP, 90% of the revenue goes to the owner of the original, and 8% to the project team. The remaining 2% is distributed among all copy owners.
Why is it so popular?
EulerBeats Genesis demonstrates the possibilities of NFTs and blockchain in creativity and art. In addition to each LP being a unique piece of art, it also represents an investment opportunity. Owners of original LPs can earn income from the sale of copies and even subsequent resales.
EulerBeats Genesis is an example of how technology can reshape our perception of art and investment, showing how far we can go with the use of blockchain and NFTs. And this is just the beginning.
