{"id":20543,"date":"2023-08-02T02:05:31","date_gmt":"2023-08-02T02:05:31","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/cryptodickbutts-debuts-series-4-with-ownership-twist\/"},"modified":"2023-08-02T02:05:34","modified_gmt":"2023-08-02T02:05:34","slug":"cryptodickbutts-debuts-series-4-with-ownership-twist","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/cryptodickbutts-debuts-series-4-with-ownership-twist\/","title":{"rendered":"CryptoDickButts Debuts Series 4 With Ownership &#8220;Twist&#8221;"},"content":{"rendered":"<div>\n<p class=\"\">Thirty days after its Series 3 (S3) completely minted out, CryptoDickbutts (CDB) minted out its Series 4 (S4) NFT collection on Tuesday, introducing what they believe to be a pioneering approach to project ownership.<\/p>\n<p>A tweet on July 29 from @CryptoDickbutts revealed a \u201ctwist\u201d \u2013 the individual or group with the most CryptoDickbutts NFTs 30-days post-mint will be rewarded ownership of:<\/p>\n<ul>\n<li>CDB\u2019s Twitter account (<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CryptoDickbutts\">@CryptoDickbutts<\/a>);\u00a0\u00a0\u00a0\u00a0<\/li>\n<li>CDB\u2019s Discord Server;<\/li>\n<li>All NFT collections from CDB;<\/li>\n<li>Multisig Treasury Spot; and<\/li>\n<li>Other CDB-related assets.<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ok my turn<br \/>is this a good time?<\/p>\n<p>This is CryptoDickbutts Series 4<br \/>or, basement dwelling neet once again asks for your donations with extreme stylehttps:\/\/t.co\/mJF5TKOZEx<br \/>(verify URL)<\/p>\n<p>*there is a twist* (see graphic)<br \/>mint will remain up until conditions are met <a rel=\"nofollow\" href=\"https:\/\/t.co\/q1nFPfkZPb\">pic.twitter.com\/q1nFPfkZPb<\/a><\/p>\n<p>\u2014 CryptoDickbutts (@CryptoDickbutts) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CryptoDickbutts\/status\/1685384946548944896?ref_src=twsrc%5Etfw\">July 29, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>However, the popular NFT meme project didn\u2019t share much more beyond this, directing people to their Discord where \u201cquestions will be answered.\u201d<\/p>\n<p>The project, which started as a joke with early CryptoPunk holders, grew into a bizarre attraction from the NFT community. First created in 2006 by the comic book artist K.C. Green, the viral cartoon character \u201cDick Butts,\u201d has since turned into one of the internet\u2019s most popular memes making appearances across 4chan, Reddit, and similar sites.<\/p>\n<p>In 2007, Urban Dictionary added an entry about \u201cdickbutts\u201d which was followed by BuzzFeed including a Dick Butt comic in a feature article on its site in 2009.<\/p>\n<p>Inside Punk6529\u2019s Open Metaverse, CDB has a dedicated space, with its NFTs selling regularly for thousands of dollars \u2013 even during the 2022 NFT market collapse.\u00a0<\/p>\n<p>The original release in March 2021 for CDB consisted of Series 1 and Series 2 (\u201cOG\u201d), which were capped at 52 and 104 NFTs, respectively. Series 3 quickly followed in July 2021, comprising 5,200 NFTs in total.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-new-approach-to-ownership\">New approach to ownership?<\/h2>\n<p>Unlike traditional NFT releases, the minting of S4 will persist until certain predetermined conditions are met.\u00a0<\/p>\n<p>However, as of late Tuesday afternoon, there have already been conversations on CryptoTwitter that S4 may have already minted out. This is not confirmed yet.\u00a0<\/p>\n<p>At the heart of its announcement is its decision to \u201cpass the torch\u201d of ownership over to the biggest holder while placing significant power in the community\u2019s hands. Through its community-established DAO, the CryptoDickbutt DAO, holders across the OG and Series 3 collections (and presumably Series 4) are tasked with the mission of acquiring a physical \u201cGooch Island\u201d that will give holders and their CDB NFTs \u201ca place to roam freely.\u201d<\/p>\n<p>The likelihood of CDB\u2019s project trajectory changing course is also something that won\u2019t be known for some time.<\/p>\n<h2 class=\"wp-block-heading\">How is ownership determined?<\/h2>\n<p>The determination of ownership, according to Tuesday\u2019s tweet, will employ specific \u201cmultipliers\u201d based on the quantity of CDB\u2019s held:<\/p>\n<ul>\n<li>Series 1 (S1): 5x multiplier<\/li>\n<li>Series 2 (S2): 5x multiplier<\/li>\n<li>Series 3 (S3): 2x multiplier<\/li>\n<li>Series 4 (S4): 1x multiplier<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">What\u2019s the community saying?<\/h2>\n<p>The announcement has elicited a range of responses from those in the NFT community, with some viewing it as a revolutionary step that helps to democratize ownership. Others, however, are more inclined to adopt a \u201cwait-and-see\u201d approach and the potential consequences of this unique ownership mechanism.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">CryptoDickbutts down about 25% after the team announced that control of the project (Twitter, Discord, multi-sig) will go to whoever the biggest holder of CDB assets is after the fourth series mints out. <a rel=\"nofollow\" href=\"https:\/\/t.co\/39ssvZdkoO\">pic.twitter.com\/39ssvZdkoO<\/a><\/p>\n<p>\u2014 NFTstats.eth (@punk9059) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/punk9059\/status\/1685421558117105664?ref_src=twsrc%5Etfw\">July 29, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/figure>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Had a conversation recently with a friend (in the context of <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/6529Collections?ref_src=twsrc%5Etfw\">@6529Collections<\/a>). They are struggling to see the &#8220;value&#8221; of the collection. The conversation flowed through a discussion about what memes are, religion and other social constructs etc. I ended by posing the\u2026<\/p>\n<p>\u2014 SonOfLasG.\u2310\u25e8-\u25e8 \ud83d\udcab \u2026 \ud83e\udd87\ud83d\udd0a\ud83e\uddd9\ud83c\udfff\u200d\u2642\ufe0f (@Sonoflasg) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Sonoflasg\/status\/1686482544387293184?ref_src=twsrc%5Etfw\">August 1, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">What\u2019s next?<\/h2>\n<p>The upcoming month looks promising for CDB, with collectors vying to amass the most CryptoDickButts in a bid to seize control of the project. While this competitive atmosphere is expected to generate significant activity and discussions within the community, the potential outcome of this for both CDB and NFT holders is still unclear.<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thirty days after its Series 3 (S3) completely minted out, CryptoDickbutts (CDB) minted out its Series 4 (S4) NFT collection on Tuesday, introducing what they believe to be a pioneering approach to project ownership. A tweet on July 29 from @CryptoDickbutts revealed a \u201ctwist\u201d \u2013 the individual or group with the most CryptoDickbutts NFTs 30-days [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-20543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CryptoDickButts Debuts Series 4 With Ownership &quot;Twist&quot; | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/cryptodickbutts-debuts-series-4-with-ownership-twist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CryptoDickButts Debuts Series 4 With Ownership &quot;Twist&quot; | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Thirty days after its Series 3 (S3) completely minted out, CryptoDickbutts (CDB) minted out its Series 4 (S4) NFT collection on Tuesday, introducing what they believe to be a pioneering approach to project ownership. 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