The Tezos blockchain has witnessed numerous breakthroughs, but none quite as revolutionary as Teia, the community-owned evolution of the Tezos NFT marketplace Hic et Nunc.
Teia is not just a continuation but a vivid transformation from its predecessor, representing the essence of collective ownership and the decentralized fabric of the Tezos network.
From Hic et Nunc to Teia: A Legacy of Collaborative Innovation
Teia stands as a testament to the power of collective ownership and decentralized evolution on the Tezos blockchain. Emerging from the pioneering foundations of the NFT marketplace Hic et Nunc, Teia embodies the spirit of collaborative innovation.
Teia’s journey isn’t just a tech evolution; it’s a testament to community involvement and a shared dream.
Teia’s New Dawn: Unveiling the Teia DAO Token Distribution
Marking a significant milestone in Teia’s journey, the NFT marketplace, known for pioneering a new era of community-driven platforms, has begun its Teia DAO Token distribution.
As a non-profit, open-source online platform, Teia’s primary objective has always been to provide a sustainable, accessible, and inclusive space for artists and collectors worldwide.
The distribution of its Governance Tokens reaffirms Teia’s commitment to decentralized governance and its ethos of sustainability.
Eligible Tezos wallets can now embark on the journey to claim their share of the fixed total supply of 8 million TEIA tokens, based on an on-chain vote by the community.
These tokens aren’t just digital assets; they signify an integral part of the platform’s governance structure.
The distribution process is deeply rooted in the principles of equity and community contributions, making Teia a beacon for artists and collectors who value transparency and communal governance.
Key Points from the Announcement:
- Distribution Duration: Teia’s community members can claim the Teia DAO tokens from today until November 20th. Claims can be made on their official website: teia.art/claim.
- Total Supply: An on-chain vote by the community determined that the total fixed supply of Teia DAO Tokens will be 8 million.
- Eligibility: Eligible Tezos wallets have been invited to claim their tokens and will soon be able to participate in the development and workings of Teia DAO. Over 23,000 eligible wallets are each qualified for at least one TEIA token.
- Token Distribution Criteria: Tokens will be distributed based on the wallet’s activity and contributions to both Teia and HEN, with hDAO token holders being rewarded on a 1:1 basis. After the claim period, any unclaimed supply will be stored in the treasury for future distributions.
- Governance Structure: Once the distribution is completed, Teia plans to initiate its DAO beta phase, making use of the DAO contracts for proposal voting. Post the beta phase, full ownership of Teia will be handed over to the DAO contracts.
- Token Use: It’s essential to note that Teia DAO tokens are intended purely for governance.
Teia’s Road Ahead: Governance, Sustainability, and Transparency
As the DAO token distribution commences, Teia is all set to launch its DAO beta phase. This phase aims to utilize DAO contracts for a vote-based decision-making process on various proposals, thereby solidifying community involvement in shaping Teia’s future.
With a clear roadmap in place, Teia continues to march towards its goal of being the first fully open-sourced, community-owned art platform on Tezos. However, with great power comes great responsibility. Teia’s community has reiterated that the Teia DAO tokens are to be used exclusively for governance and operational decision-making
From its origins in Hic et Nunc, Teia has always been about more than just technology. It’s about people, art, and the shared vision of a decentralized future. As Teia charts its course forward, the platform stands as a testament to the collective power of a community and the boundless possibilities of decentralized governance.
For those seeking a deeper dive into Teia’s developments or wishing to be part of this groundbreaking journey, Teia’s official documentation and blog serve as a comprehensive resource.
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