On HYPE and HYPEROBJECT
Hey EcoFi Community!
We want to express our deepest gratitude to all the beta users who have helped us secure the platform while our development team has been heads down working on HYPE’s further development. Your remarkable feedback during this time has been valuable at every stage.
Over the course of our progress, we have been blasting through obstacles, fine tuning the marketplace, minting mechanism, and staking contracts. In the meantime, we’ve been pacing ourselves with our marketing plans, to ensure that our product offers users a clean, seamless experience that is free of bugs and provides the highest standard of security.
Moving forward we have identified a potential issue, and in the interests of community safety we have opted to provide more clarity and definitions for purchases of HYPE NFTs on secondary markets, such as OpenSea. Currently, users on OpenSea cannot distinguish the difference between Certified EcoFi NFTs backed by real-world assets, and digital NFTs minted by users on the HYPE platform.
In order to rapidly resolve this, we have opted to re-deploy our unique fractionalized asset smart contract and, in addition, deploy a second contract designated solely for users to mint digital NFTs. This will provide clarity to users on OpenSea to distinguish EcoFi’s Real World NFTs vs digital NFTs users have listed.
To create the most seamless transition to the new updated contracts, for users with EcoFi certified NFTs from the deprecated contract, EcoFi will replace them via an Airdrop at no cost.
For users who minted their own digital NFTs using HYPEs minting mechanism in the now deprecated contracts we will reimburse your minting costs in Ethereum & should you wish to burn these old NFTs, we will reimburse any associated gas costs in providing you additional SPRT to use on the platform. Please contact us via Telegram with your transaction hash for reimbursement.
As we are replacing all NFTs like for like, these changes will not affect any users’ holdings, with that being said, we also understand that this could be somewhat of an irritation and not the perfection we are strive for at all times, so we have decided to Airdrop SPRT to all EcoFi users now staking ECO tokens, these will be relative to the amount of EcoFi staked on Sept 13th, 2021.
Outside the HYPE platform development, we have been busy.
We are very close to securing a real-world gallery where HYPE NFT holders, following the development of our dapp, will be able to access 4K live streaming footage of their fractionalized painting. This is something we are super excited about and further expands the link between the physical and the digital, the core of what EcoFi is about.
The premier launch of HyperObject, our second platform, representing the largest art collective in Los Angeles, California, is just around the corner.
HyperObject encapsulates hundreds of artists from across the world. Based out of Los Angeles, the HyperObject experience provides an introspective glimpse into the creation, curation, and appreciation of fine art. Ranging from sculpture, paintings, performance, and digital pieces that transcend medium altogether, HyperObject captures the zeitgeist of our times through the lens of the NFT revolution.
For the 100 individuals who won early access to HYPE, your NFTs will be airdropped Friday the 24th of September.
In addition to the above developments, we are working with some incredible partners right now, more information about our partnership with Lukso will be detailed in due course. We have also started some incredible work alongside other projects, we are really excited to share this news with you all over the next few weeks.
