What is MonkeyZoo and why did its creators choose the Chia blockchain?

What is MonkeyZoo?

MonkeyZoo is an NFT project based on the Chia blockchain, offering collections of virtual characters for sale. Each monkey is associated with exactly 300 NFTs, and each token is assigned a unique number. NFT holders are entitled to use the purchased images and utilize the visual identity of MonkeyZoo.

The project's concept revolves around the idea that the MonkeyZoo community will actively develop the brand and shape its future, mainly through character design and continuous NFT improvements. Users can propose entirely new monkeys, equip characters with attributes, and even sell their designs to interested buyers. These unique NFTs have the potential to become recognizable avatars in the world of gaming and the growing metaverse reality.

How does MonkeyZoo work? License, benefits, and earnings

Buyers receive MonkeyZoo NFTs along with a valid license (personal and commercial). This license grants the right to use the specific character, as well as related images and resources of the MonkeyZoo brand (excluding special collections, which do not provide the ability to obtain $MZ tokens and are intended for personal use only). Simply holding MonkeyZoo NFTs in the wallet generates $MZ tokens daily.

The community can also add independently designed attributes and characters to the collection. Crucially, such designs can be sold in exchange for XCH. The only limit here is the creators' imagination for avatars.

As mentioned earlier, the MonkeyZoo project operates on the Chia blockchain. The company acknowledges that it is one of the most secure and eco-friendly blockchains in the world. The MZ team takes pride in the technology it employs and is eager to explain the reasons behind this decision.

Why Chia?

The MonkeyZoo team answers directly: "because we are intelligent". MZ genuinely appreciates the fundamental functionalities offered by the Chia blockchain and, besides, believes in progress and actively supports an innovative alternative to Bitcoin or Ethereum.

SECURITY

Chia provides the best possible security to both the MonkeyZoo company and customers investing in its assets. The eco-friendly blockchain combines the security of Bitcoin with the smart contracts typical of Ethereum. As a result, Chia outperforms the competition and emerges as the most advanced technology in the market.

The solutions used on the Chia blockchain significantly reduce the risk of wallet wipeout by online criminals. Chia storage systems provide additional wallet security, and the team has recently introduced the Clawback primitive, which allows for recovering funds sent to the wrong address (or rather, blocking the transaction for a specified time to confirm the correctness/reliability of the recipient). Furthermore, Chia belongs to the most decentralized blockchains globally - the network is constantly secured by over 120,000 full validating nodes.

DURABILITY AND IDENTIFICATION

Chia Network has issued the NFT1 standard, allowing the generation of multiple links to a given image and enabling metadata storage on IPFS. Even if one link stops working for some reason, there always remains a solid backup. MonkeyZoo marks each NFT with three separate IPFS links, and buyers of character images can later create additional backup hyperlinks. The entire process is, of course, recorded on the blockchain, ensuring durability that is hard to find elsewhere.

Each monkey is digitally identified (DID), and this is done for two reasons: to protect the intellectual property of MonkeyZoo and to guarantee buyers the purchase of the original product.

CLEAR TRADING RULES

Firstly, Chia allows MonkeyZoo to establish a licensing agreement with each buyer, and customers see clearly what they can and cannot do with a particular NFT. The license also refers to detailed Terms and Conditions on the company's official website. Secondly, the Chia blockchain enables P2P trading, meaning NFTs can be sold directly to individuals, resulting in increased security and better customer service.

Thirdly - fees. The costs of conducting transactions on the Chia blockchain are very low - literally a fraction of a cent - so the customer pays practically only for the NFT itself. On the other hand, the blockchain allows guaranteeing royalties to buyers, and the CAT system enables rewarding NFT holders with MonkeyZoo proprietary tokens (which can be used to purchase and enhance characters). All of this makes trading rules highly transparent, and MZ gains significant flexibility in planning its business model.

Chia is the best choice

Following the argumentation of MonkeyZoo, there is no doubt that the company considers the Chia blockchain as the best possible choice. The blockchain operating on the Proof of Space and Time (PoST) consensus algorithm, along with the NFT1 standard, provides a range of advantages crucial from the perspective of creators and users within the ecosystem. It is no wonder that MonkeyZoo joined the World Bank and Climate Action Data Trust and launched its project precisely on the Chia blockchain.