RARI Foundation
@rarifoundation
1/10 PFPs ↔️ Tokens: The Based Bits Experiment What happens when profile pics meet tokens with real mechanics behind them? We spoke with the creator of @basedbits - @andreitr.eth to dive deep into the BBITS token on @base, NFT experiments, and what’s next for this memetic microverse. 🧵👇
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RARI Foundation
@rarifoundation
2/10 The Origin Story Since 2021, Andrei has been shipping in the NFT space—starting with social bots, then launching onchain art, and now building experimental ecosystems with Based Bits. It all started with a PFP drop and a wild idea to collaborate with @gretagremplin.
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RARI Foundation
@rarifoundation
3/10 From Art to Tokens The Based Bits NFT drop sold out in minutes. Collectors started asking: “wen token?” That led to $BBITS—a capped, swappable token that lives in sync with the NFTs. 1 Based Bit = 1,024 BBITS. Always. No mint, no airdrop. Just pure swaps.
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RARI Foundation
@rarifoundation
4/10 Tokenomics, But Make It Fun The BBITS contract is immutable and permissionless. The only way to create BBITS? Deposit an NFT. This creates a tight link between art and token. This makes the maximum token supply capped at 8,192,000.
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RARI Foundation
@rarifoundation
5/10 NFT-Fi in Action This isn’t average memecoin. Because of the token ↔ NFT relationship, arbitrage constantly keeps their prices in sync. It’s live price is discovered through code.
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RARI Foundation
@rarifoundation
6/10 Gaming, Onchain Style Next up: an NFT game called Base Race (name TBD). 👉 Mint to enter a race 👉 Daily winner takes 80% of the pot 👉 Remaining ETH buys back BBITS 👉 Winning NFT looks different from the rest More soon on http://basedbits.fun
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