The 501 Alchemist NFT project is the latest in the metaverse and features three tiers of collectibles that are physical and digital. A portion of the revenues is directed towards communities that are impacted by gun violence through automated blockchain smart contacts.
It is made by innovation studio Maverick Create and Tuan Le, a notable sneaker designer. The 501 Alchemist sneaker drop segregates into three different tiers - there are the Erra and Aer open editions with metaverse and physical collectibles and the highest tier Igni, which will be a one-of-one auction. Every holder will get a digitally wearable iteration of their sneaker that can be worn by their metaverse avatars. It will be available in partnership with Nifty Gateways beginning April 13th.
Gun Violence-Combating NFT Projects
501 Alchemist Has the Mission to Create Real-Life Change
Trend Themes
1. NFT Projects for Social Good - 501 Alchemist NFT project is using automation blockchain smart contracts to donate a portion of the revenues towards communities affected by gun violence.
2. Physical-digital Collectibles - 501 Alchemist NFT project features three tiers of collectibles that are physical and digital, providing new opportunities to merge tangible and virtual experiences.
3. Collaborative Partnerships for NFT Projects - 501 Alchemist NFT project is the result of a collaboration between innovation studio Maverick Create and sneaker designer Tuan Le and highlights the potential for cross-industry collaboration.
Industry Implications
1. Art and Collectibles Industry - The NFT space is driving innovation in the art and collectibles industry through the intersection of technology and creativity, providing new opportunities for creators and collectors alike.
2. Blockchain Industry - The use of blockchain technology in NFT projects, such as the 501 Alchemist NFT project, highlights the disruptive potential of blockchain in various industries beyond finance.
3. Fashion Industry - The collaboration between a sneaker designer and an innovation studio in the 501 Alchemist NFT project demonstrates the potential for NFTs to disrupt the fashion industry through unique and collectible digital fashion items.