Muse DAO

What is Muse DAO?

The Muse DAO is dedicated to developing decentralized applications (DAPPS) to advance the NFT space. At the core of their initiatives is the $MUSE governance token, and they are committed to introducing products to the market that will enhance the growth of the Muse DAO.

What is the MUSE Token?

The distribution of the $MUSE token commenced in September 2020 through the inaugural game, Very Nifty Gallery. Players participating in the game had the opportunity to mine the initial $MUSE supply. The game concluded in February 2021 due to elevated gas costs, during which 400k $MUSE was minted through the gameplay, and an additional 100k was granted to players who persevered until the end. Subsequently, following the establishment of NFT20 and a successful governance vote, $MUSE was designated as the governance token for the Muse DAO, leading to the cessation of $MUSE rewards from the Very Nifty game.

Muse DAO's Projects

These are the most wekk-known projects of Muse DAO:

1. Fast Dapp: an open-source, freely accessible platform catering to developers of all skill levels, facilitating the rapid creation of frontends for their decentralized applications (dapps). With this platform, developers can construct their applications directly on the webapp without the need for installation or configuration. The process is simplified by leveraging straightforward and proven components, styling with HTML/CSS, and integrating Tailwind, ultimately allowing developers to effortlessly share their creations with users. Additionally, a diverse array of templates is readily available to inspire and assist in the realization of users' dream apps.
2. Launch: a platform for minting NFTs, providing users with the ability to: mint NFT collections directly into a Sudoswap pool, initiate NFT sales featuring a pre-set bonding curve (utilizing any ERC20), and participate in launches with immediate floor liquidity for buying and selling.
3. NFT20: a decentralized protocol enabling the tokenization, swapping, buying, and selling of NFTs, making them tradable on decentralized exchanges like UniSwap or Sushiswap. Users can add their NFTs to relevant pools and receive ERC20 token derivatives representing those NFT projects, which are immediately tradable on decentralized exchanges. The aim is to tackle liquidity issues in the NFT space by creating a secondary market of ERC20 derivatives backed by NFTs.
4. The VeryNifty Gallery: an experimental game with a tamagotchi-like concept, concluded in February 2021 and played a pivotal role in the creation of $MUSE. As the game is no longer active, users are advised against interacting with the associated contracts.

Muse DAO Team Background

Jules and Adam established the Muse DAO, receiving assistance from community members along the way. Their projects were independently initiated, devoid of external investments or presales. With a friendship spanning over 5 years, Adam is recognized as a Serial Indie Maker, while Jules, a Full Stack developer, initially entered the Ethereum space as a smart contract freelancer. Jules co-founded DAppBoard (referred to as Google Analytics for smart contracts) in 2017. This venture eventually led him to join Consensys, where he contributed to analytics for decentralized exchange (DEX) platforms, smart contracts, and various other products.

Muse DAO Project Development

Recent launches include:

1. The White Lotus, a proof of concept crafted to explore the dynamics of a token generation event with aligned incentives and transparent risks for all participants. The token was available for purchase, and all Ethereum acquired was directly utilized to support its floor in a Trader Joe Pool. More details about the White Lotus can be found on the website.

2. ETHCMD tools, featured on a website, provide Ethereum users with various powerful tools. These tools include capabilities such as reading and writing contracts, decoding raw Ethereum transactions, and duplicating existing transactions. ETHCMD aims to simplify the daily lives of developers and users.

3. The GateKeeper, a Telegram bot, facilitates the creation of gated chats exclusively for holders of an NFT on Arbitrum. The chat creator can mint any desired amount of NFTs and distribute them as they see fit to their community, whether through airdrops or sales.

Muse DAO Price Analysis

As of December 22 2024 Muse DAO has a marketcap of $11M. This is {{percentagefromath}} from its all time high of $124.14. In terms of its tokenomics, there's a total supply of 950K with 100% currently outstanding. Keep in mind Muse DAO has a fully diluted value of $11M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude