The Mutual: An NFT That Actually Has Somewhere to Sit Most NFT projects start with the art and figure out the utility later. The Mutual seems to be doing the opposite. At the center of the system is something called a Seat. A Seat is an NFT, but treating it as just a collectible misses most of the idea. It represents a place inside one of five shared funds, gives the holder voting rights over how that fund operates, and connects to an onchain account called a Briefcase. That combination is what caught my attention. The Seat is more than the picture There will be 4,001 Seats across five funds: ARGON, BOGLE, SMAUG, MIDAS and VLADD. Each Seat has its own 64×64 pixel artwork stored completely onchain, but the artwork is only one layer. A Seat also gives its enrolled holder a weekly vote on how the associated fund invests. So instead of owning an NFT and waiting for the team to decide what happens next, Seat holders are part of the decision-making process themselves. Every thirteen weeks, members also vote on whether their fund should continue operating. That makes the NFT feel less like a membership card and more like an actual position inside a small onchain institution. The Briefcase might be the most interesting part Each Seat can have a Briefcase. The Briefcase is an onchain account that receives the Seat's share of distributions in whatever assets the fund holds. Not points. Not an offchain balance. The actual tokens. And there is an unusual detail here: the Briefcase travels with the Seat when the Seat is sold. That means a buyer is not necessarily buying only the NFT. They may also be buying the history and assets that have accumulated around that Seat. I like this because it changes how you think about NFT value. Usually, when an NFT changes hands, the new owner receives the token and whatever static traits come with it. Here, the Seat can carry financial history with it. The asset remembers. Holding is not enough Another interesting decision is that simply holding a Seat does not automatically unlock everything. A Seat has to be enrolled. Enrollment requires a one-time payment in $TMF. Half of that payment is burned and half is added to the relevant fund. If the Seat changes hands, the enrollment ends and the new owner has to enroll again. That creates a difference between passive ownership and active participation. There are also multiple enrollment classes, with higher classes carrying more voting and dividend weight. It is a much more deliberate system than simply saying: “1 NFT = 1 vote.” Merging Seats The system gets stranger from there. Two enrolled Seats from the same fund and class can be merged. Instead of keeping both NFTs, the holder ends up with one higher-class Seat with additional weight. The other Seat is retired. So over time, the total number of Seats can actually decrease. That gives the collection a kind of structural evolution rather than keeping every NFT permanently identical in function. $TMF is tied into the system instead of sitting beside it The project's token, $TMF, is used across the ecosystem. It is involved in Seat enrollment, the Open Market, and the wider mechanics of the funds. The supply is fixed at deployment, with no team allocation according to the prospectus. The launch itself also uses an unusual mechanism. During the first 99 minutes, purchases have a tax that starts at 99% and falls by one percentage point each minute until it reaches zero. The idea is to make racing into the first block unattractive while using part of the early tax to deepen liquidity. It is definitely unconventional. But at least there is a clear reason behind the design rather than adding a launch gimmick for the sake of having one. What I find compelling The part I keep coming back to is that The Mutual is combining several ideas that normally exist separately: NFT ownership. Onchain governance. Shared funds. Token distributions. Tradable positions. And persistent onchain accounts. The project wraps all of that inside something intentionally mundane: a chair. You get a Seat. You enroll. You vote. Your fund acts. Your Briefcase collects the result. And eventually, someone else can buy the Seat together with the history attached to it. That is a much more interesting use of NFT ownership than simply attaching a Discord role to a JPEG. I still think the funniest part is that all of this serious financial machinery is presented like an old office run by a Chairman. Maybe that is the point. Crypto already spends enough time pretending to be serious. At least @TheMutualFun seems to know it is allowed to have some fun with the structure.

Most NFTs give you a picture. A Seat at @TheMutualFun gives you a vote in a shared fund, a claim on what it holds, and a Briefcase that collects dividends in the actual tokens the fund owns. The weirdest part? The Briefcase travels with the Seat when it sells. That’s not just an NFT tr

Seiyans are ascending. A new name is coming, and your NFTs are coming with us.

giving away 1x WL for VOICY GENESIS 300 soulbound PFPs 1/1 traits, strongest perks & biggest airdrop share no secondary market mint it or miss it forever to enter: > follow @voicecc and me > like this post > drop your SOL wallet below winner in 24h 💜 VOICE

*crickets*

Oh no the island went silent while building, whatever will you do?

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Someone said FREE MINT? Swoldiers coming to your favorite chain ⛓️‍💥 First 1,000 ETH wallets below. Follow @swoldiers_ + RT + 🔔 On. It’s march time.

early watchlist @plikshell 46 followers @KiraExchange 147 followers @Plaguepad 95 followers @slabscollection 718 followers @T0dotfun 93 followers @aboutVeil 92 followers @StonkChef 5 followers @CocoonPad 37 followers @irldotmoney 380 followers these are on my watchlist for a reason, could be early gems. DYOR.

these pictures explain everything $claus

trenchmole just launched on Orbio. $MOLE i built it to keep tabs on recent agent launches and make the source links easier to find. take a look: trenchmole.fun CA: 0x41dff8801ee21e393e9160c07dc248c802792b18 still building. tell me what’s missing.

🥷 INJECTIVE ANNIVERSARY CAMPAIGN 2 🥷 🎯 TOPIC: The Best $INJ Supporter Show us why YOU are the ultimate Injective supporter, and why the community would agree. Your task is simple: Feature your profile, build the graphic around what you’ve actually done on Injective, and tell the story only you can tell. How to participate: 1️⃣ Create an original content 2️⃣ Base it on your Injective activities 3️⃣ Quote this post with your graphic + your story 4️⃣ Follow and tag @Maeezyyy, @bmw67_PRMR, @InjectiveLounge and @injective 📅 October 5 – October 9 ⏰ Deadline: October 9, 3 PM UTC 🏆 Rewards: 20 INJ Pool + Ninja Pass Winners will be selected based on creativity and story.

Giveaway 3 WL spots for @paperdao_xyz, launching on @daosdotworld Utilities: - Trading fees from $PULP volume will use to buybacks & burning $PULP - The treasury consists of trading USDC, staked PAPER, and USDC earned from staking To Enter: 1. Follow @paperdao_xyz, @daosdotworld & @DeltoraLab 2. Like + RT this post 3. Drop your wallet Ends in 24 hours

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THE WAIT IS OVER. 🔥 Applications for the exclusive Loopians collection are officially OPEN. play.loopia.world/presale?he…

HEROES OF VALDIR GIVEAWAY! 🎁 Just 2 days left until mint! Still holding VibeBoxes? Open them now to get your legendary cards and get ready to grab your Heroes of Valdir at mint! Don't have any yet? This is your shot to grab a drop! 1️⃣ QT this post 
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Cloud Quest 🤝 @paperdao_xyz We are proud to announce this collaboration. PaperDAO is a community treasury that pools ETH so people can trade Papertrade together from the first block, instead of depositing alone. Papertrade is a fair-launch synthetic perps venue on Hyperliquid. The LP starts at $0, there is no pre-mint, and $PAPER is minted from realized losses and liquidations, not from a team allocation. PaperDAO raises ETH on Robinhood Chain, moves the treasury to HyperEVM, and plans to trade from Papertrade’s first block. Complete Quest To WL : cloudquest.asia/quest?id=cam…

Took a look at Team1 today 👀 Chimba is cooking something pretty interesting here. Clean idea, community-focused, and still early. Definitely one I’ll be keeping an eye on. 🔥

FerdyBet got the pixel casino vibe right 🎰🃏 Poker, roulette, arcade machines… simple but fun. Kinda wanna see this place packed with players 👀 @ferdybet