CNP (CryptoNinja Partners) has announced the release of the beta version of C2E (check-to-earn). C2E is a scheme that enables CNP owners to earn by participating in IP checking tasks essential for CNP’s licensing business.
This unique scheme is an original initiative by CNP, making it a first in the NFT space.
This article explains everything you need to know about C2E by CNP.
CNP (CryptoNinja Partners) is the most actively traded and largest NFT collection by market capitalisation in Japan. Its vision is to create a new Web3-style IP character through a super-permissive licensing model and the participation of community members in its growth.
You can read more about the CNP project below.
Just a few days after its launch on 15th May 2022, CryptoNinja Partners suddenly appeared in the global NFT space. Altho[…]
Full disclosure: I own CNP NFTs at the time of writing.
What is C2E?
Here is an overview of how the C2E program works:
- Licensees (corporates) submit merchandise production ideas (i.e., designs) for CNP character IP to the CNP team
- The CNP team invites CNP holders to check the designs for suitability and adherence to the guideline
- Owners who actively participate in the checking tasks receive a portion of the license fee as rewards (in ETH)
The scheme is available to CNP NFT holders only.
For additional details on enrolling in the C2E program and more, visit the CNP Holders Only channel in the NinjaDAO discord community.
Benefits of C2E
The C2E program offers three key benefits.
- It allows CNP owners to actively contribute to the growth of the CNP IP business
- It provides CNP owners with opportunities to earn through their contributions
- It helps to keep the CNP team lean, minimising operational costs
CNP founder Road commented:
CNP is a web3-style character IP that encourages active participation from our community members. Through C2E, our NFT holders can play an essential role in our IP licensing business. It’s important to us that our holders feel we are growing CNP together as partners, with the added benefit of earning through the process.
As CNP gains more recognition, I anticipate an increase in demands for our licensing business operations. This scheme also benefits our team by assigning checking tasks to our trusted NFT holders instead of hiring additional staff.
I believe the C2E is a win-win program for both the team and our NFT holders in the long run.
Points to Consider
While C2E presents opportunities for CNP holders to earn extra ETH, it’s important to consider the following two points:
- The growth of the CNP IP licensing business may take time, given that it’s a new project launched in May 2022.
- Participation in the C2E program is limited to the character of your specific NFT.
It’s understandable that establishing a character business and gaining recognition from the general public require time. Therefore, opportunities for CNP owners to engage in the program may be initially limited.
However, if CNP’s profile as an IP character increases, the earning opportunities may grow.
It’s also important to note that popularity among CNP characters varies. If you own an NFT of a popular character, you may find more opportunities to participate in C2E, and vice versa.
C2E’s official release is scheduled for early 2024. For additional details on enrolling in the C2E program and more, visit the CNP Holders Only channel in the NinjaDAO discord community.
CryptoNinja Partners (CNP) Useful Links
The content is for informational purposes only. Investment/financial opinions expressed by Web3 Zen.com are not recommendations. As always, please do your own research prior to making any investment decisions.
