metadata: {"type": "project", "title": "Decentraplace", "logoImg": "bafkreibj4gp2nzbh2yi2h5ylpctld2lk2g5yoysfehptf6van2zogla5sm", "website": "https://home.decentraplace.io", "bannerImg": "bafkreigpqyykfdv3y2l45bswlkoyfiue2ueviljkw3tltdsvngge5ynm7a", "createdAt": 1692570805362, "credentials": {}, "description": "Decentraplace, a groundbreaking evolution inspired by r/place, harnesses the essence of collaborative creation while introducing a revolutionary DeFi dimension. This innovative platform empowers users to wield their influence by employing PLACE ERC20 tokens to transform the color-state of individual pixels on a shared canvas. However, what truly distinguishes us from r/place is our integration of blockchain technology, ensuring the indelible recording of every alteration made to the canvas. This record stands as a testament to the organic evolution of our shared artwork.\n\nIntriguingly, the evolution of the canvas isn't the sole reward for our vibrant community. Every month, the culmination of these creative endeavors is commemorated through the issuance of exclusive NFTs, exclusively available to the most influential users who have contributed to the canvas. The upper echelon of contributors, the Top 1000 users, is accorded this honor, thereby immortalizing their artistic impact.\n\nYet, we venture further to incentivize community engagement. A remarkable 90% of the tokens burned during these creative processes are directed back to the most active user, constituting a significant reward for their participation. This ingenious incentive structure fosters an enduring commitment to the platform and kindles an atmosphere of unbridled creativity.\n\nDecentraplace is also at the forefront of merging DeFi principles with the realm of digital art. Our pioneering PLACE-Staking feature bestows enhanced Annual Percentage Yields (APY) upon those who actively curate NFT collections. This novel mechanism ensures that active NFT-Collectors can accrue up to 1% additional fixed APY per NFT, without necessitating any locking up or depositing of NFTs.\n\nIn addition to these innovative mechanisms, our dual ranking system orchestrates an environment of perpetual participation. This system empowers both longstanding contributors and newcomers, offering an equal platform for creative expression and competition.\n\nThe momentum behind Decentraplace is undeniable. The v1-Betaphase resonated with 197 dedicated beta testers who witnessed the nascent stages of our vision. Now, in the live v2-Betaphase, we have amplified our canvas dimensions from 200x200 to an impressive 1000x1000, allowing for even grander collaborative artworks. Furthermore, we've introduced a streamlined referral program and an integrated registration process, enhancing the cohesive and blockchain-inspired nature of our project.\n\nWe invite you to embark on this artistic and financial journey with us. Join Decentraplace today, where creativity converges with blockchain, and where your impact shapes an ever-evolving masterpiece.", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "decentraplaceio"}
name: Decentraplace