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What's Manifold?

www.kaloh.xyz
NFT Art

What's Manifold?

Create, own and customize your own smart contracts...

Kaloh
Jan 26
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What's Manifold?

www.kaloh.xyz

Manifold is taking the spotlight in NFT town, and we can’t ignore it anymore.

If you have been following crypto art over the past few weeks, you probably have seen, minted, or released work through Manifold.

Manifold logo over Refik Anadol’s T +/- SERIES — ENTRY BURN #1

If you haven’t, no worries; the goal of this issue is to go through Manifold.xyz and explain why its volume has been doubling month to month (it looks like January is going to triple December’s volume).

  • Manifold claims in December: $4,2M (3.8k Eth).

  • Manifold claims until January 26th: $11.1M (7.7k Eth).

Manifold claims have almost tripled over the past month.

How does Manifold work?

Manifold Studio is a platform that allows you to mint tokens on your self-deployed creator contract.

It allows you to retain true ownership and maintain the highest level of provenance of your work.

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The main goal behind Manifold is to make it easy to create, customize and deploy NFT smart contracts. You don’t need to be an advanced coder to deploy your own contracts anymore. What Manifold is doing is quite crucial for multiple reasons, but I see two clear benefits:

  1. Decentralization and ownership: smart contracts minted through Manifold are genuinely owned by the creator and not just signed (like when using Opensea). With everything that happened recently in the crypto world — like companies going bankrupt and marketplaces not honoring royalties — who knows what else can come next?

  2. Customization: Two years ago, a simple mint on OpenSea or Foundation felt like all we needed. The truth is the space is growing, and so are artists, projects, and collectors’ needs.

BEEPLE (B. 1981) - HUMAN ONE was released at Christie’s and minted with a Manifold smart contract.

Two components make Manifold work (there are more, but I am trying to simplify things… Full documentation can be found here).

  • Studio: this is where you create your smart contracts and customize them with different add-ons and features.

  • Gallery: This is where you can create auctions or listings for your NFTs.

Manifold Has 0% Platform Fees

One of the most significant advantages is there aren’t any platform fees when selling NFTs on Manifold. Keep in mind gas fees need to be paid by the artists when minting the contract. Also, if the NFTs are sold on other platforms, those platforms’ fees will apply.

Manifold Studio is completely free to use and charges no platform fees or any royalties on sales.

Any costs associated with deploying/minting are the standard gas fees that come with minting on Ethereum mainnet.

Mainframe 1 by ertdfgcvb is a 1/1 piece minted through Manifold.

Integrating Manifold with other NFT Marketplaces

Sharing NFTs in different marketplaces is critical for discoverability. That is why Manifold is already well integrated with popular open marketplaces (on Ethereum) and could be upon request on curated ones.

Manifold works out of the box with most marketplaces like OpenSea, Rarible, LooksRare, Foundation, and Zora.

For artists, minting on Manifold alone won’t help much to expand their collector’s base; for collectors, finding and listing their NFTs on popular marketplaces is also essential, which is why smooth integrations are crucial.

Ideally, cross-chain integration is in the making.

Burning Mechanism Impact

Recently, Manifold released a new feature that allows artists to set up “burn and redeem”, where collectors can burn tokens and receive new ones.

Lucrece launched an open edition, “Defy” — commanding over 8k mints for 0.06 ETH (+$800k) just on the primary sales — and quickly followed it up with a burning game called “proceed w/ caution.”

The burning concept isn’t anything new. We have used it multiple times in the

Blind Gallery
and many creators have done so (Lucrece included) via other platforms. Nevertheless, it makes me wonder if upcoming features released by Manifold will get the same level of adoption.

Could Manifold define the “meta” or the trends moving forward?

Although the “burn redeem” token mechanism was released two months ago, it has been quickly incorporated into artists’ and creators’ releases.

Who else is minting on Manifold?

Here are some of my favorite artists creating their own intelligent contracts through Manifold…

Twitter avatar for @alidasun
Alida Sun @alidasun
@Kaloh_nft @manifoldxyz Semi-secret first launch this month ☀️ app.manifold.xyz/c/klangraum
4:00 PM ∙ Jan 22, 2023
ALR3V-0KAA:AP No. 1 by Lisa Orth (5 editions) was minted on Manifold
Twitter avatar for @0xfar
FAR (🐇, WarGames) @0xfar
Im excited to announce more details about WarGames: In this project, WarGames token holders will work together to Co-create art using the WarGames App. A thread 🧵
Image
4:05 PM ∙ Jan 5, 2023
126Likes56Retweets
Wifi by Leander Herzog on Foundation, minted with Manifold
Twitter avatar for @luispon_c
Luis Ponce @luispon_c
Today is my bday and life is about ups and downs, pumps and dumps, and I'm happy and blessed to be here 🙏 👁️ “Pumping” open edition until 8 PM EST 👁️ app.manifold.xyz/c/pumping LFG!
4:24 PM ∙ Jan 14, 2023
374Likes80Retweets

There are ways to use Manifold to create generative art using their extensions, but we will leave that for another day.

Until next time,

- Kaloh


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What's Manifold?

www.kaloh.xyz
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Yuri
Jan 29Liked by Kaloh

A great lecture

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1 reply by Kaloh
Oli
Writes Two Pills in a Bottle
Jan 27Liked by Kaloh

great summary as always! 🙏

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