ENDGAME

As we navigate through the lifecycle of the Wastebin NFT collection, it's crucial to consider the "endgame" – the point at which the community treasury funds are distributed to the holders. This moment, anticipated to occur sometime in 2025, marks both a culmination of one phase of the project and the beginning of another. Here, we explore the implications of this distribution and the future of the Wastebin collection in the Solana NFT space.

Anticipated Market Dynamics Post-Distribution

• Impact on NFT Prices: It is anticipated that the prices of Wastebin NFTs may experience a decline following the distribution of the community treasury funds. This potential decrease is a natural market response to the realization of the project's primary financial incentive. However, this shift also opens a new chapter for the Wastebin collection and its community.

Transitioning to a Legacy Project

• Sustaining Relevance: The key to transitioning Wastebin from an active project to a legacy project lies in maintaining its relevance up to and beyond the distribution date. If we successfully keep the collection vibrant and engaged, there's a high chance that Wastebins will continue to hold significance within the Solana ecosystem, remembered and valued as a pioneering and impactful NFT project.

• Wastebins' Enduring Presence: Even as the main phase of the project concludes with the fund distribution, Wastebin NFTs will persist as digital artifacts and symbols of a unique moment in the Solana NFT history. Their continued existence will serve as a testament to the community's creativity, engagement, and collective achievements.

Full Transition of Ownership to the Community

• Community-Managed Royalties: Post-distribution, the Wastebin project will be entirely passed into the hands of the community, including the management of its royalties. As the project founder, I will retain a 20% share of the royalties as compensation for the project's inception and early development. However, the remaining 80% of the royalties will be directed towards a community fund, managed and allocated by community members through a democratic process.

• Empowering Community Decision-Making: This transition underscores a profound trust in the Wastebin community's ability to steward the project into its next phase. By empowering community members to manage the fund and make key decisions, the project embraces a truly decentralized model, reflective of the broader ethos of the blockchain and NFT spaces.

Conclusion

The endgame of the Wastebin NFT collection is not merely an endpoint but a gateway to a new legacy phase. By preparing for the anticipated changes in market dynamics and entrusting the future of the project to the community, we lay the groundwork for Wastebins to remain a cherished and relevant part of the Solana NFT landscape. As we approach this transition, our focus remains on nurturing the collection's vibrancy and relevance, ensuring that the legacy of Wastebin endures as a symbol of innovation, community, and shared success in the NFT world.