What is this project about?
OffLimits is launching a unique NFT project where owners of the NFT will have the opportunity to collaboratively design an IRL cereal box – a mega-collage of NFTs printed on a real cereal box and delivered to holders of the NFT. Collectors will mint a generative NFT that provides access to perks, including actually receiving custom-designed boxes of cereal.
When does this launch?
We open the “Cereal List” for our fans and collectors to register for the sale soon. The private sale will take place in first and the public sale will take place in shortly after.
What is the Cereal List?
OffLimits will open 2,000 “Cereal List” spots to guarantee private sale access a few days before the public sale. People who are interested in minting our project will need to register their wallet address on the Cereal List.
How much does this cost?
Cereal List-ers will receive exclusive access to privately mint the OffLimits NFT for 0.111 ETH. Any remaining supply will be sold to the public after the Cereal List private sales have concluded.
What does this NFT do?
OffLimits NFT owners will receive a generative NFT + access to a private Discord channel. On Discord, OffLimits NFT owners will collaboratively design the cereal box by submitting owned NFTs which will be combined to create an NFT collage. The Discord channel will vote on different designs before the final box design is collectively chosen. On reveal day, the previously-minted generative OffLimits NFTs can be updated on the blockchain to reveal the final design of our unique collaboratively designed box. As a bonus, all verified OffLimits NFT owners will receive 4 real-life boxes of the final NFT cereal in the mail.
Are all 2,500 NFTs for sale?
We are keeping 250 of the 2,500 Off Limits NFTs for team, friends, and contributors. When the mint starts, we will move those NFTs into our wallets and gift them to our friends. The remaining 2,250 NFTs will be available first to people on our Cereal List, and then we will open up the sale to the public on a first come first serve basis.
How much do these cost? Am I going to get rich?
Do not buy these with the expectation that you are going to get rich. Each token will be sold at a flat purchase price of 0.111 ETH per NFT. You will pay an additional fee for ‘gas’ to mint the NFT. Gas fees vary based on time of day and the Ethereum network’s congestion.
How many can I buy?
During the Cereal List private sale, you will be able to buy 3 NFTs per wallet. During the public sale, you will be able to buy up to 1 NFT per wallet. After the collection is sold out, you will be able to buy Off Limits NFTs from secondary marketplaces like OpenSea.io.
How do I buy these NFTs?
First, get on our Cereal List. Then, you must purchase Ethereum (ETH) through an online exchange. We recommend using Coinbase. Once you have purchased ETH, you will need to transfer those funds into your Metamask or other compatible wallets in order to buy an NFT token. Please note there are limits on the amounts of ETH you can buy and sell based on your account and the platform you’re using to purchase ETH. There are also time delays from when you buy your ETH to when you can transfer it to your wallet to make NFT purchases. Most platforms require you to hold the money in your wallet before you can transfer it to use for purchases.
What is an NFT? Why would I want one?
NFTs (Non-Fungible Tokens) are unique digital assets that are secured and contained on the blockchain. The blockchain verifies ownership, provenance, and transaction history. When you collect an NFT, your artwork has a public record on the blockchain it was created on. This makes provenance public and verifiable and permits for instantaneous transactions on the secondary market.
What is a wallet? How do I get one?
Your crypto wallet is where you can view your cryptocurrency assets and transactions, all in one place. It’s also where you confirm any transactions in process. Different wallets have different features. For example, some allow you to view NFTs from a smartphone. Popular wallets include Coinbase and Metamask.
What is minting?
NFTs are created through a process called minting. On the Ethereum network, a command is run that creates the NFT as an immutable record, providing it with a unique hash that contains all of the metadata. The metadata stores key contextual information about your NFT, like its current ownership and transaction history. Sites including opensea.io and etherscan.io allow you to view your NFT collection and NFTs in other collections.
What is gas?
The blockchain depends on processing power provided by a decentralized network of computers. Minting fees, often called “gas fees” are what the members of this network earn in return for the processing power they provide. Gas fees can fluctuate according to the amount of traffic on the blockchain at any given moment but cannot be avoided. To avoid high fees for our fans, we are creating a presale period for people who register for our Cereal List.
How long does it take to mint an NFT?
Depending on the number of transactions pending on the blockchain, it can take up to 24 hours for the NFT to land in your wallet. This is totally normal. Thank you for being patient! Check our Discord.
What is the secondary market?
“Secondary market” refers to all NFT sales that occur after the initial NFT purchase. The most popular secondary marketplace to buy NFTs include OpenSea.io
When will I get the cereal physical boxes?
This is a uniquely collaborative design process that the community will participate in this Spring. The custom-designed boxes will then be printed, filled with cereal and shipped to you this Summer.
Do I have to pay for shipping?
Shipping is included.
What kind of cereal will be in the cereal box?
What does the Best Cereal in the Metaverse taste like? You decide.