FORECAST CALLS FOR ONCHAIN FUN: Good Vibes Club X Clutch Markets Special Project Will Feature 3,333 Items And A Trade In Mechanism That Reduces GVC's Supply Without Burning Any Art!

From the floor of the Stonk Exchange to the Cloud Factory high above! The Good Vibes Club is on Cloud 9 this week after the project revealed more details about its highly anticipated Special Project with StonkBrokers on Robinhood Chain!

On Thursday, GVC gave collectors a better idea of what to expect when its next activation, dubbed the Cloud Factory, opens its doors, confirming a supply of 3,333 pieces and teasing how members of the GVC and StonkBrokers communities can get in on the action!

 

“Supply Confirmed: 3,333. Coming soon to Robinhood,” GVC Tweeted. “Your main ways into the Cloud Factory: GVC holdings, Stoke level, Cosmics & 1/1s, and Stonkbrokers. Full access details soon.”

 

 

Thursday's announcement came less than a week after Good Vibes Club first revealed that the Cloud Factory was booting up and told collectors that they'd want at least one floor GVC NFT to participate in this cloudy concoction!

 

 

Following Thursday's announcement, GVC founder Chris Guyot hosted a Good Vibes and Chill Space, where he shed more light on how the Cloud Factory will work, explaining that participants will be able to trade in a floor Good Vibes Club NFT in exchange for multiple mints!

 

“There will be a trade in mechanism in which you take a floor Vibey and trade it in for mints,” he said. “This is important because that will benefit the main collection by reducing supply. This is not a burn, but you can think of it very similarly to a burn with actually destroying the artwork.”

 

While we still don't know exactly what collectors will receive in exchange for their GVCs, this idea of reducing an NFT collection's circulating supply without burning the underlying artwork should sound familiar to those in the StonkBrokers ecosystem.

 

As the Gazette previously reported, StonkBrokers utilizes a piece of technology dubbed the Anvil, an NFT automated market maker that connects the collection's NFTs to its token, allowing collectors to swap between the two while NFTs are held in the protocol, not burned!

With Clutch Markets partnering on the Cloud Factory, it will be interesting to see whether similar technology is used to power GVC's new trade in mechanism.

 

“This is not a traditional mint and the goal is to always benefit the OG collection,” Guyot continued. “So reducing the supply of the OG collection via a trade in mechanism feels good to us. This should be awesome for the ecosystem as a whole while adding to the ecosystem without dilution.”

 

For now, the Cloud Factory remains shrouded in mystery. But with a confirmed supply, multiple ways to participate, and a mechanism designed to benefit the original collection, the forecast calls for onchain fun!

The Gazette will continue to follow Good Vibes Club's Special Project with StonkBrokers and will let you know when more information about the Cloud Factory becomes available. Stay tuned for updates!