ERC-721ex: Leveling up NFTs with Community Coins and Giving Communities Back Control

The NFT market, once a beacon of innovation, has been hit hard. Many collections have seen their value plummet by as much as 96%, leaving creators, collectors, and communities grappling with low liquidity, waning engagement, and a lack of pathways to recovery.

What if there was a way to reignite the NFT landscape — empowering holders and communities to take control, innovate, and thrive? That’s where ERC-721ex comes in, a novel protocol that bridges the gap between static collectibles and dynamic, utility-driven ecosystems. Combining the best features of ERC-721 NFTs with the functionality of ERC-20 tokens (Community Coins), the ERC-721ex protocol was created to lead the NFT market into its next great chapter.

NFTs Today: A Market in Crisis

When NFTs first surged in popularity, they promised to redefine ownership and create thriving digital ecosystems. However, the reality has fallen short. Oversaturation, speculative hype, and a focus on fleeting trends have left many NFT projects languishing:

1. Low Liquidity: With values in freefall, trading has slowed to a crawl. You’ve seen this yourself if you own any NFTs. Volumes, Prices, and Activity is extremely low, much more so than it was when you first got your NFTs.
2. Diminished Engagement: Communities that once buzzed with activity have gone silent, from rugpulls, to failed roadmaps, to projects shutting their doors… you’ve probably been affected, 90% of us have.
3. Few Options for Recovery: Traditional approaches fail to revive devalued or abandoned collections. Only a few projects have been successful in coming back to life once they were abandoned by the team. But that time has changed — that is the whole point of ERC-721ex.

The current state of the NFT market isn’t just a downturn — it’s at a crossroad. Without meaningful innovation, the promise of NFTs risks becoming a missed opportunity. The low hanging fruit has been picked and now novel innovation is needed.

The ERC-721ex Innovation: Beyond NFTs as We Know Them

ERC-721ex is an upgradeable protocol designed to transform any ERC-721 collection into a vibrant, community-driven ecosystem. By introducing Community Coins, ERC-721ex gives life to new economic layers that engage holders, attract new participants, and unlock the full potential of NFT collections — even dead ones.

What Makes ERC-721ex Unique?

• Universal DAO for Every Collection: Every ERC-721ex coin comes with a built-in governance system, allowing communities to collectively decide on key proposals and shape their projects’ futures.
• Dynamic Pricing via Bonding Curves: Community coins are minted dynamically based off the NFT collection’s unique holder count, total number of NFTs, and other variables. The bonding curve takes this all into account creating opportunities for people at every level of the bonding curve for each ERC-721ex deployed. This ensures fair pricing, incentivizes early adoption, and encourages sustained engagement.
• Automatic Liquidity Creation: Once the bonding curve sells out, the protocol automatically creates liquidity pools on platforms like Uniswap, ensuring seamless token trading and market stability. The Protocol holds 20% of the initial supply to be added onto Uniswap, and uses the ETH from the bonding curve as the base liquidity, giving a completely sold out ERC-721ex an initial liquidity on Uniswap over 350k USD.
• Burn and Claim Mechanisms: NFT holders can claim free tokens or burn their NFTs for additional rewards, fostering deeper engagement and injecting liquidity back into the ecosystem.

Empowering Communities: The Role of Community Coins

At the heart of the ERC-721ex protocol are Community Coins, ERC-20 tokens tied to specific NFT collections. These coins unlock a range of possibilities for holders and creators alike, breathing life into stagnant collections and driving new engagement.

How Community Coins Work

• Revitalizing Dormant Projects: Community Coins give devalued collections a new purpose, encouraging activity and attracting fresh interest.
• Rewarding Engagement: NFT holders can claim free tokens or earn additional rewards by burning their NFTs, creating a dynamic cycle of interaction and value.
• Community Governance: Each Community Coin enables governance through a Universal DAO, where holders vote on decisions such as launching on Uniswap early, pool splits, and more.
• You can see more at https://mintable.com or our docs at https://docs.mintable.com

Use Cases of Community Coins

• Community Takeovers: NFT holders can band together, deploy an ERC-721ex coin, and take charge of inactive or mismanaged collections.
• Enhanced Utility: Projects can use tokens to grant exclusive access, rewards, or other interactive features, transforming static assets into vibrant ecosystems.
• Collaborative Growth: Communities gain a sense of ownership and shared purpose, strengthening bonds and fostering long-term engagement.

Why ERC-721ex Matters Now

In a market defined by challenges, ERC-721ex represents a transformative solution. It doesn’t just address the issues plaguing NFTs — it redefines what’s possible.

1. Rescuing Dormant Value:
   For collections that have seen sharp declines, ERC-721ex introduces a new layer of economic activity. Community Coins incentivize participation, providing NFT holders with tangible benefits like token claims and governance rights. Rather than abandon projects, communities can use ERC-721ex to reengage with fresh purpose.
2. Fostering Community Empowerment:
   The Universal DAO built into every ERC-721ex coin ensures that power is placed back into the hands of the community. NFT holders can influence key decisions, from launching liquidity pools to shaping future project goals. This collective approach strengthens community ties and reinvigorates engagement.
3. Lowering Barriers for Participation:
   ERC-721ex is designed for everyone, from seasoned NFT veterans to curious newcomers. Features like gasless minting and bulk NFT creation make it easier than ever for creators to deploy projects, while intuitive interfaces ensure users can interact without technical expertise.
4. Driving Innovation:
   By enabling the creation of ERC-20 tokens tied to NFT collections, ERC-721ex unlocks use cases far beyond collectibles. From gaming economies to community-driven governance, the protocol inspires new applications that extend the utility and relevance of NFTs.

How ERC-721ex Works: A Simple Guide

1. Deploy an ERC-721ex Coin:

• Hold one NFT from any ERC-721 collection and simply go to https://mintable.com
• Launch the ERC-721ex coin for the collection (e.g., “eBAYC” for Bored Ape Yacht Club).
• Only one ERC-721ex coin can exist per collection, so act quickly! The deployer gets 2% of the starting supply, but has to pay a small fee of 0.025 ETH, then once the Coin reaches Uniswap the deployer gets 0.5 ETH returned to them.

2. Interact with the Bonding Curve:

• Tokens are minted dynamically as demand grows.
• Early buyers enjoy lower prices, while growing demand drives up value.

3. Activate DAO Governance:

• Once ~66% of tokens are sold, governance voting begins.
• Proposals such as early liquidity creation on Uniswap or pool splits are voted on collectively.

4. Create Liquidity on Uniswap:

When the bonding curve is complete, the protocol automatically creates a liquidity pool, ensuring tokens are tradeable and the market remains stable.

Built for Everyone

ERC-721ex empowers users across the NFT ecosystem, providing tools and features that cater to holders, creators, and communities alike.

For NFT Holders

• Unlock Value in Existing Assets: Claim tokens or earn rewards by burning NFTs, transforming underutilized assets into dynamic elements of an evolving ecosystem.
• Participate in Governance: Influence the future of your collection through DAO voting, ensuring your voice shapes key decisions.
• Strengthen Community Bonds: By engaging with Community Coins, you become part of a vibrant, growing network.

For Creators

• Easily Deploy Collections: Gasless minting and intuitive deployment tools make managing projects straightforward and cost-effective.
• Revive Dormant Projects: Launching Community Coins provides a fresh layer of engagement, sparking new interest in older collections.
• Foster Organic Growth: Referral programs and community-driven initiatives help creators expand their audience while keeping existing holders engaged.

For Communities

• Take Ownership of Projects: Deploy an ERC-721ex coin and transform stagnant collections into dynamic ecosystems.
• Collaborate and Decide: DAOs give members the power to collectively shape their project’s direction.
• Build Shared Purpose: Community Coins align incentives and foster long-term engagement, creating stronger, more united communities.

Taking Back Control with ERC-721ex

ERC-721ex is more than a protocol — it’s a lifeline for the NFT market. By combining cutting-edge technology with community-driven innovation, ERC-721ex provides struggling collections with the tools they need to thrive. For holders, creators, and communities alike, it offers a chance to take back control, redefine value, and reignite the spark that made NFTs revolutionary in the first place.

The NFT market has been waiting for its next evolution. The ERC-721ex Protocol is here to lead the way.

Start your ERC-721ex journey today, go launch your Community Coins on https://mintable.com

Made with love by the Mintable Team, Myself, and many others. We want to see a future where NFTs are embedded into everyone’s daily lives. We have been at it for 6 years now, and we will continue to do so by laying one brick at a time on the road of history that is NFTs.