One of the members of the Noun DAO is also on the board of the Rainforest Trust, Popular Science reported.
The controversy arises from the fact that cryptocurrencies get their value through a process called “proof of work,” in which computers compete against one another to solve mathematical puzzles. This is extremely carbon-intensive, as it involves large amounts of computing power. James Deutsch, the CEO of Rainforest Trust, said the organization’s leadership did not want to be seen as promoting cryptocurrencies and is worried about cryptocurrencies’ impacts.
“I am impressed that this group of very energetic, creative and wealthy people have taken the NFT art concept and used it specifically for charitable purposes,” Deutsch told Popular Science.
Swamp frogs nft
A pair of newfound species of glass frog — amphibians with transparent underbellies that put all their internal organs on display — have been discovered in Ecuador. But the naming of one of the species has triggered controversy.
One of the new species has been, Hyalinobatrachium nouns, is lime-green on top and clear as window glass underneath; it’s named after the Nouns decentralized autonomous organization (DAO), a group that buys and sells non-fungible tokens (NFTs) with cryptocurrency.
The Nouns DAO won the right to name the frog species after donating (in traditional cash) to the environmental nonprofit Rainforest Trust.
Comprising the collection is a total of 9600 NFTs which feature frog and toad characters with algorithmically generated clothing, expressions, and accessories.
Now hopping their way into people’s crypto-wallets, these amphibious “Swamper” collectibles are becoming increasingly sought after due to the multiple benefits for holders, including unlocks, staking, and community access.
Join the Official Swampverse Discord Server to get more information on the NFT Project! – https://discord.com/invite/Swampverse
Here we’ll take a closer look at the Swampverse NFT project, the team behind it, and why investing in a Swampverse NFT might be a good idea.
Unlike some other collections, there is considerable lore behind the Swampverse NFT project.
Swampverse NFT Roadmap
25% – Boarding Complete
Complete minting of all 9600 toads. Opensea reveal after selling out. Rarity.tools & listing.
50% – Swampville
Private discord sections unlock.
75% – HODL
Merchandise store opens for Swampverse holders. 50% of the merchandise will be given away to holders. More information of staking becomes available.
100% – CROAK
You can now stake for $TOKEN! A mobile friendly portal will be available where you can stake (!croak) or unstake (!uncroak) your frog.
Let’s plan a IRL party while toads croak.
This means there is still a good chance to grab a toad and reap the future benefits.
- Unlock rare NFTs
- Acquire merch
- Metaverse avatar
As well as holding a digital asset that looks to appreciate in value, holders of a Swamper NFT can hold and stake their toad and generate $CROAK, the appropriately named utility token for the project.
$CROAK can be used to burn 2 toads in the same wallet to receive a mysterious swamp creature that is yet to be fully understood!
Alternatively, they can be used in the “Swampville Store” to acquire official merch such as hoodies and t-shirts.
They will also be used to unlock a 3D voxel representation of a held Swamper in The Sandbox metaverse.
The future of the Swampverse
While the project is still gaining traction, the ambitious team is already looking to the future to keep the community engaged.
The Genesis Toads are 96 unique and entirely exclusive NFTs that are not like any other in the collection. These toads are fully animated, including the background.
Getting hold of a Genesis Toad is a matter of luck.
32 Genesis Toads will be randomly airdropped to wallets that hold 2+ Swamper NFTs.
But because cryptocurrency is carbon-intensive, some conservationists are unhappy with the association.
“When charities get involved in crypto projects, they legitimize them — they legitimize a whole ecosystem that has a very high environmental impact,” Peter Howson, a researcher from Northumbria University in the United Kingdom who studies environmental technologies, told Popular Science.
The little frogs at the center of the controversy were discovered in 2019. They’re boggle-eyed and almost cartoonishly cute, with an eye-catching pattern on their backs of lime green with light yellow spots.
The two new species look nearly identical and are very similar in appearance to other Hyalinobatrachium glass frogs.
Of the 1,120 amphibian species reported in the Andes, about 70% are endemic, or found nowhere else on Earth, the researchers wrote.
Glass frogs are known for their doting parenting style, which is unusual for amphibians. Females will stay on their eggs as the males fertilize them, protecting the brood.
In some species, the fathers then take over, staying with the eggs as they develop, according to a 2017 study published in the Journal of Evolutionary Biology.
—Newfound species of wee frogs found in Mexico can fit on your fingertip
—After being swallowed alive, water beetle stages ‘backdoor’ escape from frog’s gut
—Adorable ‘chocolate frog’ discovered in crocodile-infested swamp
The Noun DAO is a group of people who pool together their crypto assets, voting on what to spend them on. Noun NFTs are mostly bought with the cryptocurrency Ethereum.
They also want to host real life games and collaborate with other projects too.
Meanwhile, in an effort to engage with their existing holders and also lure new users, the project developers are holding special contests for the coming Valentine’s Day.
The winner of the first prize will get a Valentine’s Swamper + merchandise item + custom rug and a gift card worth US $50.
The winner of the second prize will get a Valentine’s Swamper + merchandise item and a gift card worth US $50.
The third prize winner will get a merchandise item and a gift card worth US $50 and the fourth prize winner will get a merchandise item and a gift card worth US $25. Finally, the winner of the fifth prize will a merchandise item.
Tying to the lore, holding a Genesis Toad will grant access to “Swamphalla,” which, as yet, remains unclear.
With the project diving deep into the metaverse, utilizing The Sandbox platform, it is expected this will be an exclusive location. As with the regular Swamper NFTs, you will be able to unlock a fully 3D/voxel avatar of your toads to use in the metaverse.
These will be used for virtual events, games, and exploring the metaverse at large.
With the ultimate goal to create a tight-knit and friendly community to generate utility, play games, and experience the metaverse together, the Swampverse NFT project is shaping up to be one of the most interesting collections out.
Swampverse is a collection of 9,600 NFTs featuring frog and toad characters, with algorithmically generated clothing, expressions and accessories. It is an Ethereum based project looking to create ongoing utility for its token holders through its current rollout and future metaverse plans. In fact, it is increasingly becoming sought after due to the multiple benefits that it offers to its holders, including unlocks, staking and community access.
In fact, the NFTs double up as your membership to the Swampverse with exclusive access to a tight-knit community, limited merchandise, events and other collections such as Swampverse Creatures or Swampverse VX, which are yet to be released.
As for the toads, not only do they have utility, but they also love to croak, which generates a $Token and that can yield even more rewards.
There are over 4,900 unique owners of the tokens as it stands, and the current floor price is 0.4 ETH (around $1200).
With momentum building behind the project, however, prices are trending upwards. Swamper #5446 (https://opensea.io/assets/0x95784f7b5c8849b0104eaf5d13d6341d8cc40750/5446), for example, are now listed for 100 ETH ($300,554 at time of writing). Other popular Swampers are listed even higher with one of the most exclusive Swampers, #4974 (https://opensea.io/assets/0x95784f7b5c8849b0104eaf5d13d6341d8cc40750/4794), expecting to sell for 104 ETH ($312,576).
Nevertheless, there are plenty of Swampers near the lower end of the cost spectrum.