# MMNFT

<figure><img src="/files/4EFYBPOV3v65s1NZcnZc" alt=""><figcaption></figcaption></figure>

The MMNT was a random idea that turned out to be a success.&#x20;

All of the first round original presale buyers had gotten into the market during the early 2022 downtrend and launching the token wasn’t an option at the time.&#x20;

Providing an instant-value instrument was the goal and that's when we decided to create the MMNFT characters, and airdrop them to all the $MONOPOLY token holders.&#x20;

## MMNFT Total Supply

Current Circulating Supply: 272&#x20;

The first round airdrop was a total of 272 NFT and that’s currently what’s on the market right now (August 19, 2023).

There will be future airdrops to public presale buyers, affiliate partnerships and promotors, and possibly later as a staking reward to users who support the ecosystem.&#x20;

## MMNFT Utility

### **Animated Videos**&#x20;

This was also a random fun idea and it turned out to be a great success.&#x20;

We started to make mini animated meme-clips of each character and upload on the social media channels, starting with TikTok and Instagram, followed by now Twitter as well.&#x20;

The first few videos started going viral so we just kept doing it and it was a really funny cool thing and now this is what we do for every character, every week, on every social channel.

We do believe that if a certain video gets more engagement - it raises the value of that specific MMNFT, and we never know which one it will be.&#x20;

### **MMNFT / $MONOPOLY Rewards**

Once we finalize the collection, the MMDAO (token + mmnft holders) will decide on a reward mechanism for all users.&#x20;

While this isn’t 100% certain - we will likely offer a staking reward system to where if you lock your MMNFT for a certain period of time, you will earn X% of $MONOPOLY tokens, or visa-versa if you lock your tokens and receive a MMNFT as a reward.&#x20;

More details on this in 2024.&#x20;

### Royalties&#x20;

We currently do not collect any royalties on sales.&#x20;

Zero royalties has attracted many market participants that has benefited all holders.

OpenSea still takes a 2.5% fee on every sale.&#x20;


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