LORE FAQ

Lore is a community-driven creation platform. On Lore, communities form onchain through NFT memberships, engage in forums, and collectively make on-chain transactions, enabling users to create media and initiatives together.

Lore V2 operates on the Base chain.

V1 is on ETH mainnet. Soon we will introduce V2 to ETH mainnet, OP mainnet and Zora

The Membership NFT contracts are all owned by the Community, more specifically, the Community Wallet you launch when you bring your community onchain on the Lore platform.

As we introduce more smart contract systems, they will continue to be launched and owned by community wallets.

Benefits are determined by the Creator(s) of the Community. The Creator(s) can choose to offer any type of benefit they want, such as:

Learn how to propose and execute transactions here

NFT communities and web3 social clubs are forming sub-communities around shared interests or traits, from regional groups to trait-based collectives.

Here are some cool communities and sub-communities we love:

Dead Birds Society: Moonbirds has multiple sub-communities, including Dead Birds Society - a gathering place for skeleton-trait Moonbirds. Deadbirds goal was to raise funds to help biodiversity loss IRL. See their mission here. By acquiring the skelly Moonbirds they were able to grow their brand and attract new members. They now have over 90 members and 150ETH of assets!

MVP69DAO: This is a Super Crew on Memeland's Ecosystem. They pooled resources to buy Potatoz, mint Captainz, and Quest together. Forming crews allows them to earn better rewards and even participate in raids which are a social game dynamic.

Valhalla Clans: Trait based collectives are forming on Valhalla to collect IP and earn royalties. So far, seven trait-based DAOs have gotten started on Lore, like Track Suit Cartel and Balagang. See Valhalla Clans here.

Smaller, informal groups interact online to combine funds and buy or create NFTs.

By working together, they can earn rewards and have fun as a community, even if they don't have a formal mission statement.

Some of our favorite collectives:

Right Click Save was initially formed, and their idea was to crash a Lamborghini for charity! (See Twitter thread here). After discovering the Lore tool, they bought an expensive Punk.

824: They are a group of 16 internet friends that got together to "make degen plays," as their mission statement says. They have grown from 23 ETH to over 80 ETH in months.

Other Examples of Squads include DosaDAO, Token Club

The Base Builder community initiated a crowdsourced AMA with their favorite consumer crypto builder on Base. Members minted Membership NFTs using Lore as voting passes and voted in WINTΞR from Basepaint as their guest. Next, members will crowdsource questions for the AMA on Unlonley. Members will use the shared wallet to launch an NFT video montage where proceeds are distributed to the contributors.

A collective of Basepaint artists is looking to purchase brushes and vote on what to paint together on Basepaint. Existing brush holders deposit their brushes to mint voting passes, and new members can mint an NFT to fund the purchase of new brushes.

Hug - Scales is an art collective from The Hug community that formed to support Anna Judd, an artist within their community.So far, they have acquired 49 pieces of Anna Judd’s coveted collection of Scales on Lore through co-purchasing — or as a contribution for membership into the collective.They use our NFT deposits feature where members can contribute an NFT to earn an ownership stake in the collective.Read more about how they use Lore here.

FWB Squallet: This is FWB nft-general-chat's vault, affectionately named squallet (squad wallet). They aim to back emergent culture, art, and memes within the Friends with Benefits community!

An internet corporation is engaging its community to collect memorabilia for a new museum in NYC. Community members can mint sponsor passes to fund the treasury or choose to be ticket holders and suggest what memorabilia will be purchased via races.

A web3 organization whose mission is to create public goods funding initiatives to support projects advancing inclusion and empowerment through sport uses Lore's tiered NFTs to collect interest from members who want to be backers, voters, or sponsors. Participants can mint tiered NFTs with exclusive benefits allocated to the different tiers. Members can vote on which local community they want to impact!

Lore's onchain communities begin with a special type of NFT sale, called Membership NFTs.

Membership NFTs can be Priced or Free. They can be Open or Fixed Editions — and they can be gated by an allowlist. This creates interesting use cases

Based on the outstanding amount of votes you can determine you individual Voting Power. You can see all of the individual Voting Power on the Dashboard tab

A Community Feed is the forum on Lore where you can see a chronological view of all community content and polls.

Only owners on Membership NFTs can view the Community Feed

All members can post Polls in the Forum on a forum to make decisions to vote. Polls can be for community engagement or can trigger onchain transactions (soon). Polls can be simple “Yes” or “No” decisions or can be configured to have your own options.

A Community Wallet is a shared treasury that is collectively owned by the community. It’s a smart contract wallet that holds the funds the community has raised through Memberships/Crowdfunds.