The NFT collection 'GITCOIN PRESENT' has finally released Vitalik NFT.

On Friday, March 10, 2023, HarianKripto.id - This NFT collection includes digital artworks from several talented artists, including the highly anticipated NFT Vitalik.

NFTs are exclusive digital assets that can represent various things such as music, tweets, or artworks, and are increasingly popular among collectors and investors seeking unique and valuable NFTs to add to their collections.

The release of this open-edition NFT collection project includes several items such as their 2018 whitepaper, a poem, and even a physical print signed by all three founders.

The volume of trading for this NFT collection has exceeded 3,000 ETH today. This NFT project is called the 'Quadratic Funding Record'.

What is the Quadratic Funding Record NFT?

The Quadratic Funding Record NFT collection is accessible to everyone and includes a whitepaper titled "Liberal Radicalism." The whitepaper was published in 2018 and introduced a new concept to the Web3 community: the concept of quadratic funding.

One Record consists of the following five types of digital assets:

1. Signed copy of the "Liberal Radicalism" whitepaper.
2. The digital version of the whitepaper.
3. One document explaining the impact of Quadratic Funding.
4. A poem titled "Ode to QF."
5. In addition, collectors can choose one of several available packaging options.

Here is an example of the packaging options available:

Each NFT Record contains a whitepaper about Quadratic Funding, an (Deo Siagian)

A total of twelve Signature Edition records will be accompanied by physical copies of the project's whitepaper. Glen E. Weyl, Vitalik Buterin, and Zoë Hitzig signed each physical asset with an initial price of 10 ETH.

What will the proceeds from the sale be used for?

All funds generated from the sale of the Quadratic Funding NFT will be distributed to three projects:

1. Plurality Institute (20%)
2. Metalabel (10%)
3. Gitcoin (70%)

Gitcoin, which is the main recipient of this NFT sale, supports the web3 journey of new projects and brands on the Ethereum blockchain. Founded in 2017, the company now supports the funding and creation of public goods.

Meanwhile, the Plurality Institute gathers the best researchers and creators from all fields, ready to explore plural technologies. Overall, Vitalik Buterin and the founder of Quadratic Funding aim to use their NFTs to support other promising projects and creators.

Interestingly, this is the first drop in a new series by Metalabel entitled "Quality Drops".

How Is Vitalik Buterin Relationship With Quadratic Funding NFT

To explain it briefly, Vitalik Buterin is one of three creators working together to develop the concept of quadratic funding and its NFTs. In 2018, Ethereum developers joined RadicalxChange founder Glen Weyl and Harvard economist Zoë Hitzig with a shared vision to revolutionize the project's economy.

The main principle is for the project to allocate its resources to provide benefits to as many individuals as possible involved.

The project's whitepaper explains the mathematical theory behind quadratic funding precisely as described by its creators in 2018. Today, this idea seems appealing to thousands of NFT collectors who have created digital Recordings.