Edible Pizza NFT? PizzaDAO Launches Large Pizza Festival Celebration

This article is from Odaily Planet Daily, original title: "Let's Take a Look at the 'Edible Pizza NFT'", author: Huang Xuejiao.

Eight years ago, on May 22, 2010, American programmer Laszlo Hanyecz purchased a pizza worth $25 for 10,000 bitcoins, marking the first real-world bitcoin transaction and the first pricing of bitcoin.

Today, when we talk about this event, we often lament how valuable those coins are now and how Laszlo missed the opportunity to become a billionaire. However, for the industry, this event is an important symbol and an indispensable milestone. From this perspective, that pizza was indeed a great deal.

Now, ordinary people also have the chance to give away such a "meaningful" pizza, which brings us to the pizza donation campaign initiated by PizzaDAO.

On the afternoon of March 15, RarePizzas auctioned 10,000 pizza NFTs and successfully raised $500,000 (218 ETH) in just 5 hours. Consequently, on May 22, RarePizzas will use this revenue to distribute 10,000 pizzas for free to "passersby" around the world.

RarePizzas has also attracted many investors due to its "world's first edible NFT," with some even purchasing as many as 39 pizza NFTs at once.

How did this idea come about, and what are the details of the pizza NFTs? Let's take a look at this "large-scale cryptocurrency festival event."

Originating from Clubhouse, Supported by the "Pizza Mafia"

The origin of PizzaDAO is truly "DAO-like." It is said to have started from an offhand remark in a Clubhouse chat room at the end of February, with the intriguing slogan "Pizza Shud B Free!" The idea was to hold a performance art event on May 22, Bitcoin Pizza Day, by selling 10,000 unique digital pizza NFTs to fund pizzerias around the world and distribute 10,000 physical pizzas to passersby.

The second gimmick is that RarePizzas will become the "world's first edible NFT."

This combination of celebrating a "traditional festival in the crypto community" and trendy asset tokenization quickly attracted over 300 artists and more than 30 developers from around the world, receiving support from a global organization called the "Pizza Mafia."

The engagement on social media also grew rapidly. To date, RarePizzas has caught the attention of Food & Beverage Magazine, which has featured the project in Facebook Live interviews, website reports, and multiple Clubhouse discussions. Actor and musician Drake Bell has also supported the project on Twitter and Clubhouse.

The fan base of RarePizzas is continuously growing.

From Pizza Recipes to Packaging, How to Ensure the Randomness and Uniqueness of NFTs?

PizzaDAO believes that this project is both fun and serious.

The fun aspect is obvious, while the serious part lies in how to ensure the quality of both the NFTs and the pizzas through the most rigorous processes.

We know that NFT stands for non-fungible token, which means that these 10,000 NFTs, corresponding to 10,000 pizzas, must be unique. Therefore, the team introduced Chainlink VRF (Verifiable Random Function) to ensure the uniqueness of the NFTs.

For the attributes, flavors, and ingredients of the pizzas, PizzaDAO allows users to provide seed values, which, combined with the oracle's private key, generates a verifiable random number and corresponding integrity proof through Chainlink VRF, which is then published on-chain. Subsequently, users can independently verify the randomness of the NFTs using the seed value, the oracle's public key, and the proof.

From the design on the packaging to every ingredient of the pizza, all products of RarePizzas are contributed by volunteers. Notably, the 99 types of packaging boxes are designed by visual artist Anthony Shafer using professional-grade film VFX software, making them distinct from current NFT trends and difficult to replicate or alter.

Auction Situation

These NFTs are issued on Ethereum, and PizzaDAO is considering launching on Polygon in the future to reduce transaction costs for users.

On the afternoon of March 15, RarePizzas launched the first round of NFT auctions and successfully raised $500,000 (218 ETH) in just 5 hours, easily achieving the project's first goal of donating at least 10,000 pizzas for free to the public. Some players even purchased as many as 39 RarePizzas at once.

Currently, 99 series of RarePizza boxes are still available for sale on OpenSea.io. According to the introduction, each version of the box has a cover design, a name, and a description.

Each box has a ZABOX token number, indicating its sequence number in the minting order. Holding a ZABOX token guarantees the holder a RarePizza NFT (RPZA) at the global pizza party on May 22.

After Eating the Pizza, What Else is This NFT Good For?

What sets RarePizza apart from other NFTs is that its physical product has a time limit; the NFT specifies when the physical pizza will be produced, and the pizza cannot be preserved. Once people eat it, the NFT only retains its commemorative significance.

This is akin to a charitable donation, where holding an NFT seems much better than just having a donation receipt or proof.

To encourage donations (purchasing NFTs), RarePizza also stated that it would enhance the "utility" of the NFT through games and other scenarios. The first collaboration case is that the game OpenDive will incorporate RarePizza NFTs, allowing users to use tokens to experience a virtual reality pizza-slicing game.

Beyond these visible uses, RarePizza believes that this event has already served purposes far beyond the event itself.

For example, it has made the "pizza-eating crowd" aware of cryptocurrencies and Pizza Day, and it has led curious participants who donated pizzas to install MetaMask for the first time and complete their first digital currency transaction.