Description: The Cult Bears team proposes migrating our NFT collection from the ERC721 standard to the ONFT721 standard. This migration will transition the collection from Cult Bears V1 to Cult Bears V2, enabling cross-chain interoperability, scalability, and broader reach. As part of this migration:
We will take a snapshot of all holders on Astar EVM and Moonbeam. Cult Bears V2 NFTs will be redistributed on Avalanche and Base.
Rationale: This move aligns with our mission to grow the Cult Bears community by leveraging innovative blockchain technology. Benefits include:
Enhanced Interoperability: ONFT721 allows seamless movement of NFTs across chains. Wider Accessibility: Expanding to Avalanche and Base opens the collection to new markets. Future-Proofing: Positions Cult Bears for long-term success in the evolving blockchain ecosystem.
Proposed Timeline: Snapshot of current holders: Next week. Migration to ONFT721: Mid-November. Redistribution of Cult Bears V2 NFTs on Avalanche and Base: Mid-November.