Metalabel Drops NFT collection featuring Vitalik Buterin’s work
Web3 platform Metalabel partners with Gitcoin to drop Quadratic Funding NFT collection with the digitally signed “Liberal Radicalism”. It’s a whitepaper written by Ethereum co-founder Vitalik Buterin, Harvard economist Zoë Hitzig and RadicalxChange founder Glen Weyl.
Metalabel refers to digital files as “records”, and takes its point of departure from the independent record companies of the 1980s.
Essays by Kevin Owocki and Scott Moore, the two co-founders of Gitcoin, will also be included in the Open Edition on-chain record. Vitalik ButerinZoë Hitzig and Glen Weyl digitally signed the white paper NFT.
“Gitcoin and Metalabel celebrate quadratic funding by collaborating to release The Quadratic Funding Collection to commemorate and preserve this original work and to raise funds for public good,” the website says.
Quadratic Funding NFTs were available in an open edition from March 1 to March 8 at 12 A.M. This record is the first edition of Metalabel’s “Quality Drops” series, which will be released in the next three months.
9,209 issues, each costing 0.05 ETH, roughly $76.95, were all sold out. The Quadratic Funding collection raised 390 ETH in total sales.
There were 12 “Signature” editions available which were auctioned in a Dutch auction format, including physical copies of the white paper signed by the three authors. All 12 were sold out as soon as the minting was completed.
At the end of the coin event, the price of these 12 issues dropped linearly from 10 ETH to 1 ETH. Collectors get the disc and content of their choice.
The Gitcoin Grants Matching Pool and the Plurality Institute, which funds and supports public goods, will receive $781,274 raised with this record.
Buterin “agreed to release the white paper he co-authored” for the NFT release, according to a Metalabel spokesperson.
Metalabel co-founder Yancey Strickler stated, “Today there are non-profits that exist for a mission or impact, and there are for-profits that exist to accumulate capital,” he said. “And then there’s this in-between of projects that exist to promote a cultural point of view that doesn’t really have a home.”
Strickler added, “We’re blown away by the response to Quality Drop 01 and what it means for the future of creative collaboration. Helping generate more than $700,000 in public good funding and a newfound appreciation for great creative work using the disc format , says this is an exciting new way for creators to publish and fund their work.”
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