NFT project 0N1 Force acquired by crypto veterans led by Old Fashion Research (OFR)
NFT project 0N1 Force, a comic-focused, blue-chip NFT collection, has been acquired by a collective of crypto industry veterans led by blockchain investment firm Old Fashion Research (OFR). The total amount of the transaction was not disclosed.
According to the acquisition agreement, current project leader Henry Finn (Starlordy) will become CEO of the group and existing community moderators will also be retained. The founders of 0N1 Force have left the venture. Old Fashion Research is a multi-strategy blockchain investment firm founded by executives from the world’s leading cryptocurrency exchange.
In a statement, Ling Zhang, Managing Partner of Old Fashion Research, said: “We appreciate 0N1 Force’s creative narratives and its vision in building the comic-focused 0N1 Vers. 0N1 Force has a vibrant and supportive community under Starlordy’s leadership, and we are excited to join the force to the core community to build a promising 0N1 Verse.”
Henry Finn added, “It is my great pleasure and honor to continue serving the 0N1 Force community under new ownership that has my complete faith and a very special thank you to the board members who were all instrumental in supporting this transition.
“The new ownership group is filled with passionate supporters of art and storytelling, and their sincere energy has already given new life to this storied brand. Their vision and resources will give us the strong foundation needed to help 0N1 Force reach its fullest potential alongside any blue chip in the market.”
As part of the buyout, a brand-new 0N1 Force community board will be formed featuring Finn, Zhang, OFR Strategic Advisor and ex-Binance CFO Wei Zhou, as well as new Chief Strategy Officer William Tong and Yield Guild COO Colin Goltra, who will be joining the project as a Senior Advisor and Investor.
“I love 0n1 Force because of its unique community-driven storytelling narrative. We will build on this early success to grow the Enclave into the mothership of world-class IPs. “ Wei Zhou, OFR’s Strategic Advisor, Coins.ph CEO, and ex-Binance CFO said.
The group intends to deploy significant funds into the growing 0N1 Force franchise, with a view to establishing it as a leading metaverse-native IP. The project’s 2023 roadmap includes a 50 ETH Artist Fund to support community talent, a graphic novel series created and led by community contributors, and 0N1 Conlave, a council of prominent Web3 and Web2 members committed to developing the brand.
Made up of 7,777 generative side-profile characters with over 100 hand-drawn features, 0N1 Force is a community-driven project that brings a rich comic book storytelling experience to the blockchain. Minted in August 2021, it was one of the first anime NFT collections to launch and has since accumulated over 54,000 ETH transaction volumes across all marketplaces.