$SOS is a token for the NFT community.
Throughout 2021, the internet was abuzz with Non-Fungible Tokens (NFT).
So much has been the rage of NFTs that it became the Collins Dictionary word of the year.
Even in the last 7 days of 2021, NFTs are again making noise but this time for a different reason.
On Saturday, the internet was flooded with $SOS token airdrop posts.
At first glance, it may seem that this token represents the famous emergency signal, particularly used by ships at sea. However, it is not the case.
The token’s creator OpenDAO says that this token is a way to show appreciation for the NFT creators, collectors, and markets for nurturing the entire NFT ecosystem.
OpenSea, one of the largest NFT marketplaces, is the chosen partner for the airdrop.
Of all the 100 trillion total $SOS tokens, 50% are allocated to OpenSea users. Any address that has traded on OpenSea since day 1 is eligible for the airdrop.
The OpenDAO will be keeping 20% of the total supply to compensate verified scam victims on OpenSea with $SOS, support artists, NFT communities, art preservation, etc.
This is a novel initiative to boost the NFT ecosystem.
In traditional art, there are grants, scholarships, and fellowships to promote liberal arts. Now, Web 3 is forging other ways of doing so. The lynchpin of Web 3 is Decentralized Governance. It attempts to democratize any system so that the biases of the few do not come into play.
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