What is Buzzed Bear Hideout?
The Buzzed Bear Hideout (BBH) is a next-generation Non-Fungible Token (NFT) project that encompasses 10,000 entirely unique digital items called Buzzed Bears. Each Buzzed Bear is an NFT registered on Ethereum following the popular ERC-721 token standard, which is the most widely used among this class. Owning a Bear unlocks access to a superb organization of amazing individuals, where every holder can network, and directly participate in, the day-to-day life of the community. In fact, the project has a Decentralized Autonomous Organization (DAO), through which each Buzzed Bear owner can directly propose, and execute initiatives. Buzzed Bears is quite unique with their DAO as governance is done through their individual NFTs. They were one of, if not, the first DAOs to use NFTs as a voting mechanism, as opposed to using standard ERC-20 tokens. According to BBH’s official website, it’s also holders-only who can decide on the allocation of potential profits from such ventures.
How did the Buzzed Bear Hideout begin?
The collection was launched by a team of six, including creators going under the names of DeFi Jesus, Mesk85, Veshpa, Vytor, Diana, and Buzzdmo. Some founders are the renowned artists behind Buzzed Bears, others are full-time engineers and organizers, all working for the success of the community. In the beginning, Buzzed Bear aimed to become a hub that actually offers more than a conventional community, and that actually has its own capital to fund its endeavors. This common reserve is called the Honeypot, where 50% of the initial sales volume was allocated upon launch. Since their community has grown since their initial launch, they created a “Mission Statement” for their fellow Buzzed Bears to follow behind!
What’s next for the Buzzed Bear Hideout?
As the BBH is fully governed by Buzzed Bear holders, it is only up to them to decide on the next steps and the future of the project. There are many proposals on their publicly viewable governance forum, including buy-back programs, marketing initiatives, and numerous other ideas, all initiated and voted on by members of the organization. For those reasons, it would be almost impossible to precisely predict where the project is headed, but to say that there is an ambitious roadmap ahead would be no exaggeration.
How can I show off my Buzzed Bear Hideout?
If you are thinking about getting a Buzzed Bear Hideout then Numio is a great choice for viewing and showing off your prized NFT collection, right there on your phone screen, whenever you want and wherever you are.
And while you can’t yet trade NFTs on Numio all the background and proof of ownership is there for you to say ‘look, this Buzzed Bear Hideout is mine, I own it’.