Blind Boxes

Overview

Blind Boxes (BLES) is a NFT platform launched in 2021 that aims to gamify the digital art collecting experience through mystery box offerings. The BLES token serves as the platform's native utility token for purchasing mystery boxes, participating in creator launches, and platform governance.

Purpose and Utility

The stated purpose of BLES is to serve as the primary currency for transactions on the Blind Boxes platform, enabling users to purchase mystery boxes containing NFTs, participate in creator launches, and vote on platform governance decisions. The token is also used to incentivize liquidity provision and staking.

Business Model Evaluation

The core business model revolves around facilitating NFT trades through a mystery box mechanism, where buyers know the potential contents but not exactly what they'll receive. While this introduces an element of chance, it involves actual asset exchange and transfer of ownership, making it distinct from gambling. The platform focuses on digital art and collectibles, with no indication of involvement in prohibited industries.

Platform Activity and Development

The project shows limited recent development activity and reduced social media presence as of 2023. While the platform launched successfully and executed several NFT drops, current usage appears minimal based on on-chain data.