About NFT5050
Our Mission
NFT5050 by Bit5050 is revolutionizing the raffle experience by bringing it to the blockchain. We're committed to creating a transparent, fair, and exciting platform for crypto enthusiasts and the Ethereum community. NFT5050 isn't just art – it's your key to unlimited raffle creation. Every NFT is designed to be an active tool inside the Web3 raffle ecosystem, giving holders the power to launch, promote, and participate in transparent on-chain raffles powered by Ethereum technology. NFT5050 web3 50/50 raffle system assures our users that each 50/50 raffle is executed transparently, on-chain, securely, fast, and fun! 50/50 raffles on the Ethereum Network.
NFT5050 is redefining what an NFT can be. Built on ETH L2, the NFT5050 Base NFT community is creating a new standard where digital collectibles deliver real, ongoing value instead of empty speculation. NFT5050 isn't just art – it's your key to unlimited raffle creation. Every NFT is designed to be an active tool inside the Web3 raffle ecosystem, giving holders the power to launch, promote, and participate in transparent on-chain raffles powered by Ethereum technology.
This is Real NFT Utility in action. NFT5050 introduces the first NFT-powered raffle economy, where ownership unlocks meaningful benefits across the platform. Our vision moves beyond static images and transforms NFTs into functional assets connected to real ETH activity. By combining decentralized smart contracts with community-driven participation, NFT5050 turns creativity into opportunity and engagement into revenue.
Each NFT is packed with practical advantages for holders. Members can receive free raffle entries, platform fee discounts, creator revenue share, ticket multipliers, and even profit-sharing from raffle volume. Every feature is on-chain, automated, and transparent, ensuring fair participation for creators and players alike. The more the ecosystem grows, the more valuable each NFT becomes.
NFT5050 represents a new category in Web3:
- ✅Revenue-linked
- ✅ETH-native
- ✅Utility-based
- ✅Powered by Web3 raffles
We are not building another speculative collection — we are building infrastructure for creators, communities, and entrepreneurs to generate real ETH utility. NFT5050 holders are literally creating the first NFT-powered raffle economy, where art, technology, and decentralized finance finally work together.
Why Base Network?
Bit5050 chose Base Network (Ethereum L2) for its robust infrastructure, innovative technology, and EVM compatibility, which provide a solid foundation for NFT5050. Base delivers maximum security through Ethereum's decentralization while dramatically reducing transaction costs by 10-100x without sacrificing access to Ethereum's deep liquidity and massive user base. Base maintains full compatibility with Ethereum's tooling and smart contract languages, allowing seamless deployment while optimizing for speed and low fees. "Bit5050 always felt like Ethereum was one of the most innovative and fastest-growing blockchain ecosystems. We decided to build NFT5050 utilizing all the great tools and infrastructure the Ethereum Network provides, with Base offering the perfect balance of security and cost-efficiency for our NFT-powered raffle economy." - Bit5050
Security & Transparency
Base Network (Ethereum L2) allowed us to customize, build and design our dream DAPP. We designed the NFT5050 50/50 Raffle system to be fully automated, transparent, fair (our random number generation process is verifiably fair) and secure. Every transaction, from the winners selection, creators of 50/50 raffles to the platform wallet is recorded on the blockchain for complete transparency. Powered by Ethereum.
NFT5050's randomness and security model leverages multiple entropy sources from the Ethereum protocol and execution environment, including: Ethereum's Randomness Beacon (block.prevrandao)—introduced after The Merge and generated by validators using cryptographic randomness; future block hashes, which are unknown at the time a raffle is created and only finalized when the completion block is mined; time-based entropy from the block timestamp and block number at the moment the raffle ends; raffle-specific data such as creator address, start and end times, ticket count, prize amount, and all participant addresses; and transaction-level data like caller address, gas price, and contract address. Combined, these inputs make outcomes extremely difficult to predict or manipulate while remaining fully transparent and verifiable on-chain.
Community First
NFT5050 is part of Bit5050, a community-driven project. We believe in building a strong community around NFT5050. Our platform is designed with user feedback in mind, and we're constantly working to improve the experience. Every NFT holder becomes part of the first NFT-powered raffle economy, where community growth directly benefits all participants.
"50/50 Raffles happen all the time at various venues and events all over the world. We just tokenized it and made a web3 version of it"
"All product no token, All service no token" We wanted to build something that was transparent and fair for the crypto community with real utility"
Bit5050