Utility token WIRED is a utility token on the Ink chain that backs an NFT collection. WIRED (WIRED) is a utility token on the Ink chain. One liquid token backs one token-linked NFT in an eligible wallet, with fractions counting toward whole units. The collection features 999 animated cats with a 999-NFT ceiling. Backing and rewards Activation burns one WIRED per NFT to share in funded holder rewards. Holders can activate NFTs by burning their WIRED backing to earn a share of trading fees and royalties. Different frequencies assign reward weights from 1x to 5x. Redemption returns the full backing without penalty while retiring the NFT. Art tribute origin The project is an independent tribute to Basement's WIRED album artwork. WIRED draws inspiration from Alex Henery's artwork for the Basement album of the same name. It includes original guitar riffs and positions itself as a standalone creation with no claimed affiliation or endorsement from the band or artist.

AI-written summary, not the project's own copy