Babylons

Before the formation of the idea behind Babylons, collectively as a team, we had already started to plant the seeds of the idea consciously or unconsciously coming from various backgrounds such as arts, technology and economics. As the concept of non fungible tokens came to surface together with revolutionary economic models and decentralized project management systems, we all got intrigued into the idea of merging multiple disciplines and industries that we were already into. We are so excited to share with you what we did so far along with the fine-tuned version of the very first and truly community governed NFT platform. Here is our take, or in other words, here is what the community sought for years and especially recently, brought to you by us, and for all. NFTs are an important and immediate challenge and opportunity for supporting public goods and services especially of the creative variety through the value generated “out-of-the-ether’’ and at least propose a partial but solid solution for the tragedy of the commons problem well known in economic science. We aim to pull the conception of legitimacy for NFTs into a good and community-driven direction in order to create an actual chance to found a rock-hard channel of financing to artists, charities and much more to ensure that multiple groups benefit from them simultaneously.