Blind Boxes
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Blind Boxes from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Blind Boxes.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.