Today I published a NFT smart contract called AiCoco which awards NFT’s that were generated using the help of Artificial Intelligence also known as Stable Diffusion.
The supply for the NFT is 420 although there are currently 240 in the gate and ready to be deployed.
Each person who mints an AiCoco token, up to 5 per transaction, pays to mint the NFT with (at the moment) 250 Billion Coco. This comes to between $6 and $8 per token based on the current cost of the underlying Coco token, At max this should effectively burn around 25% of the entire supply at these current rates.
As a Coco holder, especially if you’ve held through the origin story of this token, it is your duty to help the community takeover by burning small amounts of it in order to increase the value of your remaining tokens. This effect of deflation-ism brings utility to the project and gives you a cool piece of art brought to you by AI, more on the model in a minute. Participation in the token burn will show others that the community is actively engaged in the project.
Participants will also receive future benefits from participating in the token burn. Since the coco on eth community is in full control of the project, holders of the NFT will be able to participate in decisions about the project’s direction. They are also able to trade these NFT’s using Open Sea and Rarible.
The NFT Kitchen
The process of making these NFTs includes an interesting pipeline. There is a telegram room that accepts prompts, and during processing the prompts are augmented by a few different “coco-centric” pre models called a LoRA (Low-Rank Adaptation) before being sent to a one of several models like stable diffusion, which also changes from token to token.
To pay homage to the early days of Coco, these images were being generated the first week of coco’s existence. I shared all of them through twitter and the original telegram. So some of them are based on those early models and others are based on more refined recent models. Because of the quick pace of AI imagery, I built in an upgradeable functionality to the NFT’s.
For the record, all the trait information is to remain as it is — only the NFT image itself will be allowed to be upgraded.
While I expect this process to improve in the future, I also intend to keep the earliest NFT’s with their original skins, because those represent the moments of real creativity that occurred during that time. However, some NFTs may be upgraded to reflect the awesome world of AI generated images.
Through this pipeline, another 180 NFTs will be created. The plan is to allow the community to utilize the pipeline in order to prompt and generate most of the remaining NFTs. The community prompted NFT’s will be subject to a curated selection process, to be provisioned into the AiCoco NFT set.
Instructions to use the NFT minting site
Head over to https://cocoethtoken.com/ and click on the fire coco that greets you.
the first thing to do is to connect your metamask wallet. The site isn't tested with other wallets. While minting is unavailable you can tour the minting functions by configuring metamask to use the sepolia test network.
Select the number of tokens you wish to mint. Each token will be paid for with 250 billion coco.
Broadcast an approval transaction for the amount of tokens to mint.
Once the approval transaction is broadcasted, send the second Mint transaction which will complete the process of minting the number of tokens selected.
Since the site is based on live contract data and relatively new, If anything looks wonky just reload the page. It will recheck the ethereum chain and return the latest details. Be sure to give a good 30 seconds if you are waiting to see the results of a transaction.
