Flat Fiat

The Flat Fiat project prevents hyperinflation by reducing the circulating supply of fiat currencies and altering the currency basis.

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Inspiration

I’m inspired by the blockchain movement. 1 BTC = 1 BTC. The additional printing of money made me wonder about the coming recession, so I’ve focused on the narrative of the potential of decentralization and money in the future.

What it does

The Flat Fiat project focuses on the narrative. The symbolic and sarcastic performance of burning the fiat coins on rail tracks with the help of a train is bringing the movement to the masses through simple storytelling of a childhood sentiment.

How we built it

EUR, USD, GBP, and RMB coins were flattened by trains and removed from circulation. After the flattening, the coins were scanned and minted as a unique NFT.

Challenges we ran into

Apart from the pioneers, most of the NFT projects on the Internet Computer that came later were focused mainly on the existing community - people who were acquainted with the Internet Computer blockchain, had an IC wallet that supports NFTs (Plug, Stoic…), probably already had some other NFTs.

The Flat Fiat project wanted to transcend the confines and burst that bubble, familiarizing “outsiders” with the Internet Computer and NFTs in general through an art exhibition, coverage in mainstream media, and panel at an NFT conference, all of which targeted also people who may have heard about the Internet Computer for the very first time.

FlatFiat = my way of telling people about the Internet Computer!

Accomplishments that we're proud of

  1. Firstly I am proud and thankful to a number of people that established the foundation and enabled me to launch my NFT project: • Dfinity for building the Internet Computer blockchain that does not rely on mining comes with lower gas fees and hosts the images on-chain. • Entrepot, the NFT marketplace that offered me a white-glove service and helped me with launching the project and getting the word out. • I am also forever thankful to the supportive community that made the project a success.

  2. The bridge with the physical gallery Aksioma where the flattened coins were exhibited as proof of burn.

  3. The mainstream media covered the news about the sold-out NFT collection: from the local online portal to the national TV station. I also got invited to a morning talk show on one of the largest commercial TV stations and to the first NFT conference in Slovenia.

  4. The art world covered the project: https://news.artnet.com/market/artist-miha-artnak-trolling-art-and-crypto-2112824

What we learned

It is hard but not impossible to promote my own NFT project which is a cautionary tale about a very hot topic: hyperinflation and by doing so, telling people about the Internet Computer and its advantages over other blockchains. I hereby ask for your help to keep up the good work.

What's next for Flat Fiat

To “mainstreamize” and raise awareness about the IC, NFTs, and the broader crypto movement through: • Street art • Performance acts • Galleries (NFT galleries and TradArt as all the flattened coins from the NFT collection reside in a frame as “proof of burn”) • Inbound marketing

I would really want to project FlatFiat NFTs and Dfinity loop on the European Central Bank while inflation is running at a 40-year high.

I would not want to stop with Flat Fiat, but produce other NFT projects in the future!

Built With

  • https://entrepot.app/marketplace/flatfiat
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