Cryptocurrency Financial Advisors

Did this NFT Artist Outrun VC’s with Wallet-Based Messaging?

Tango, developed by NFT artist and venture investor Yohei Nakajima, is the first viable Ethereum wallet-based open-source messaging application for NFT communities.

Collectors, artists, and gamers in the non-fungible token (NFT) community are about to experience a new level of connectivity with Tango, the first viable Ethereum wallet-based open-source messaging application for NFT communities developed by venture investor and NFT artist Yohei Nakajima. The move stands to leave venture-funded companies like XMTP scratching their heads as to how a single developer accomplished something that they have yet to be able to materialize, despite $20 million dollars of VC funding from industry heavyweights like a16z and others.

Tango, an open-source application, gives NFT collection holders access to private wallet messaging, allowing them to privately and securely send messages to each other to build their exclusive NFT communities.

Want to chat with other holders of CryptoPunks or Cool Cats in a secure and verified way? Tango. Want to share info on exclusive events? Tango. Share confidential information about upcoming projects? Tango. Organize and collaborate on community activities? Tango. Tango has also released a private access drawing wall for members of NFT collections to collaborate on pixel art. NFT enthusiasts view the potential applications as limitless.

With Tango, owners of NFT collections like Bored Ape Yacht Club can curate an even more exclusive (and potentially very valuable) club, where only collection holders are allowed entry. The open-source nature of the Tango application ensures that communities will drive the platform’s evolution in a way that will continue to benefit NFT holders and issuers.

According to Yohei Nakajima, the Tango application drew inspiration from its soon to launch sister project, PixelBeasts. According to their Medium article, “PixelBeasts are 10k unique and randomly computer-generated 24×24 pixel pieces of art, from 2 million combinations. 41 base beasts, both real and mythical, adorning cute outfits, ready to party.” In addition to the popular generative attributes approach, each PixelBeast has novel “invisible attributes,” including a best friend and nemesis, unique D&D character attributes, one of four elements, one of five habitats, distribution attributes, and dice rolls. The intangible benefit of owning a PixelBeast NFT will include access to Beastopia (a token-gated social community) that will be utilizing the Tango platform.

Tango, along with PixelBeasts, represents how community-focused developers like Nakajima are outpacing many venture-funded entities in the explosively expanding metaverse – a trend which is likely to continue.

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