Sushiswap to Auction its First Birthday NFT

Bob Coiney

October 5, 2021

Sushiswap is one of the many crypto platforms to have experienced mind-blowing optimization of products at ridiculous speed, community growth. Celebrating its first birthday, Sushi announced an art contest that would see them reward winners with NFTs and other prizes.

Each piece of artwork submitted will have a one-of-a-kind opportunity to launch as a fractional NFT on the MISO launchpad, bringing it to the forefront for one of the Ethereum space’s greatest DeFi communities. Sushiswap community members would vote on their favorite artwork, and the work with the highest vote wins the contest. Also, the winning artwork would be used to represent Sushi’s first birthday and offer a series of benefits for the artist.

Sushi to Auctions its first birthday NFT

Sushi recently took to its Twitter to announce that its first birthday NFT would be auctioned on Miso on Wednesday, October 6th at 16:00, UTC. More details about the community and the winning artist from the art contest, as well as details of the NFT to be auctioned, would be revealed during an AMA on Discord at the same time.

What’s in it for the Artist?

The artist would get to fractionalize their work as an NFT as well as auction off all 888 NFT shards via an IDO on MISO. Also, their work would potentially be featured on Shoyu, which would depend on the schedule of the launch. Finally, the artist would get 70% of the auction proceeds while the next nine runner-up artists would share 15%, and another 15% would go to xSUSHI holders.

Furthermore, as a bonus, the winning artist would receive about 88 SUSHI tokens and also be granted a special artist role in the community’s discord, as well as access to an exclusive Discord channel. 

For artists who come in second and third place, they would both receive 50 SUSHI tokens and 25 SUSHI tokens, respectively while other valid entries to the art contest will gain a unique Discord role and gated access to the Discord channel. With these, Sushi hopes to reward and encourage creativity on its platform and give its community members the chance to enjoy the spotlight.

About Sushiswap

SushiSwap is an Ethereum-based program that aims to entice a network of users to create a platform where they may buy and trade crypto assets. The platform has been tagged as one of the fastest DeFi projects since it launched. SushiSwap, for example, has taken the DeFi industry by storm, developing from a rudimentary Uniswap derivative to a protocol with its active user community and hundreds of millions of dollars invested in record time. Click here to learn more about Sushiswap.