What is NFPrompt (NFP)? 41st project on Binance Launchpool

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24 Dec 2023

On December 20, 2023, Binance Launchpool announced the 41st project, NFPrompt - a Web3 project about A.I. So what is NFPrompt? What are the highlights of NFPrompt?

What is NFPrompt?

NFPrompt is a Web3 platform that provides A.I technology to artists, supporting them to earn more income from ideas combined with artificial intelligence technology. Currently, NFPrompt supports users buying and selling works on two networks: BNB Chain and OpBNB.
The NFPrompt project is one of twelve projects participating in the Binance Incubation Program - a program to support potential future Web3 startups of Binance Labs, with the goal that everyone can realize their imagination through images, music... created by A.I.NFPrompt Home: https://nfprompt.io

Operational model of NFPrompt

NFPrompt's operating model is relatively simple, consisting of two main groups: artists and users. In there:

Artist: People who create images and music in the Create section of the platform . Once created, artists can sell their works on NFPrompt's marketplace, or use them to participate in project events. Currently, there are three A.I tools that support artists in creating works: Midjourney_V5, Stable Diffusion and DallE 3.

Image creation interface on NFPrompt.

Users: A group of people who buy artists' products on the marketplace or participate in voting for works when NFPrompt events take place.

In addition, the NFPrompt platform also has the cNFP token, which plays a role in helping artists use A.I tools to create works of art, and helping users participate in platform events.
Currently, users can receive cNFP by performing tasks such as inviting friends, following X, joining Discord, logging in every day...Users can receive cNFP in the Earn section on the platform.

Highlights of NFPrompt

Here are some highlights of NFPrompt:

Free gas fee: In order to encourage users and artists to participate in activities on NFPrompt, the project offers free gas for purchase and sale activities every time. there is an event taking place.
Supporting creativity with diverse A.I: NFPrompt is one of the rare Web3 projects that integrates up to 3 types of A.I to support users in freely creating art .
Easy-to-use interface: The NFPrompt interface is friendly and easy to use for both users and artists. The project even allows new users to create images without logging into a Web3 wallet.

In addition, according to information from the NFPrompt team, the platform will integrate and develop many features such as Galleries - allowing artists to display and share their own works of art, Auction Markets - an auction place. Artist's products…

What is NFPrompt Token?

NFPrompt has two tokens: NFP and cNFP. In particular, NFP is the main token that plays a role in project administration and staking. cNFP is a token used in NFPrompt's activities, from creating images, music... to participating in events taking place on the platform.

NFP Token Key Metric

Token Name: NFPrompt.
Ticker: NFP.
Blockchain: BNB Chain, OpBNB.
Contract BNB Chain: 0x75E8ddB518bB757b4282cd5b83bb70d4101D12FB.
Token Type: Utility, Governance.
Total Supply: 1,000,000,000 NFP.
Circulating Supply: 250,000,000 NFP (equivalent to 25% of total supply).

NFP Token Use Cases

NFP token holders have the following benefits:

Participate in governance and voting.
Participate in buying and selling activities on the NFPrompt platform.
Participate in staking and get more profits.

NFP Token Allocation

NFP tokens are allocated as follows:

Treasury Fund: 27%.
Growth Fund: 27%.
Team: 15%.
Binance Launchpool: 11%.
Airdrop: 10%.
Investors: 10%.

Allocated amount of NFP tokens.

NFP Token Release Schedule

Below is the NFP token payout schedule:
NFP token payout schedule.

NFP Token Sale

On December 20, 2023, Binance will list NFP tokens on Binance Launchpool. Specifically, users can stake BNB, FDUSD and TUSD to receive NFP (maximum 7 days).
The number of NFPs in each pool is as follows:

BNB pool: 88,000,000 NFP.
FDUSD pool: 11,000,000 NFP.
TUSD pool: 11,000,000 NFP.

Roadmap and updates

Below are some notable milestones of the NFPrompt project:

May 17, 2023: NFPrompt officially mainnet on the BNB Chain network.
July 14, 2023: Binance evaluates NFPrompt as one of three potential projects in the A.I.
September 21, 2023: Participate in Binance Incubation Program season 6.
December 7, 2023: Successful integration opBNB and BNB Greenfield .

Project team, investors and partners

Project team

Currently, the NFPrompt team is currently anonymous, except for the project's Co-Founder - Sparks L.
Sparks L is Co-Founder of NFP Prompt, he graduated from the University of Waterloo in Canada, then became an engineer at Amazon from 2020-2023.

Investors

According to CoinDesk, NFPrompt received investment with a valuation of 60 million USD. However, all information about the capital call and participating investors has not been disclosed.

Partner

NFPrompt is one of the projects that actively builds and develops when cooperating with a series of large projects in the crypto market, some prominent names such as: SpaceID, BurgerCities, Gameta...

Some similar projects

Here are some projects:

Paysenger: Web3 platform for content creators who want to earn extra income from the knowledge they share.
Phaver: Decentralized social media platform following the Share-to-earn model.