Eleven NFT collections, put to work on two new chains
A leading web3 IP brand used Foolproof Token to extend its Ethereum collections to a Layer 2 and a Layer 3 network, where they now power airdrops, claims, rewards, ticketing and brand compliance. It has been in production since Q3 2024.
- 11
- Collections protected
- 2
- New chains supported
- 8
- Follow-on deployments
- Q3 2024
- In production since
The challenge
The client is one of the leading IP brands in web3, with hundreds of millions of dollars in assets spread across multiple NFT collections and blockchains. Its collections live on Ethereum mainnet, but its community and its newer products were moving to other networks.
The brand wanted those holders to take part on the new chains without moving their originals. It also needed a reliable way to manage who qualifies for what, and to make sure participation followed its brand rules and terms of service.
The deployment
This is a production deployment, live since Q3 2024. It started with an initial set of the brand’s Ethereum collections. It was then extended collection by collection until all eleven were covered.
What Foolproof did
Foolproof issued a Foolproof Token, the shadow of each original asset, for each collection, with cross-chain support and user management built in. Support was deployed to two networks: Base, a Layer 2, and a Layer 3 network.
The originals never leave Ethereum. Holders use their Foolproof Tokens on the other chains, where each one carries the same permissions as the asset it is bound to.
Results
- Eleven collections covered. After the first deployment, the client issued the Foolproof Token eight more times, until every one of its collections was covered.
- Value and utility on new chains. The collections now add TVL to Base and the Layer 3 network, and are used to set qualifications for airdrops, product claims and rewards.
- Ticketing and compliance. The brand issues tickets through the cross-chain tokens, enforces brand compliance, and makes sure users comply with its terms of service.
The deployment remains in production today.
