What Are Hashmasks?




Hashmasks is a hot new digital art trend created by Swiss-based Suum Cuique Labs, labelled as one of the largest collaborative NFT art projects ever. It features a living digital art collectible of over 16,0000 digital portraits created by more than 70 artists worldwide. Artwork holders accumulate daily Name Changing Token (NCT) rewards, which can be used to name your portrait on Ethereum’s blockchain. 

With other collectibles, the creators normally establish the rarity of their NFTs, Hashmasks uses two scarcity layers: It issues a set of traits as a blanket guidance to end-users, but there are also many implicit traits to be considered, chief among them the naming of of the collectible. It is the first collectible whose artworks’ value and rarity are not set in stone, but will change over time. 

The Hashmask Index commoditizes naming through its fungible NCT asset, which can be exchanged with other collectible participants. Every name is truly unique and attributable to only one NFT.





The Hashmask project is run by Suum Cuique Labs, an LLC based in Switzerland. The Hashmask artworks are rare digital portraits produced by globally-distributed artists and stored on the second-largest distributed platform, Ethereum.

[Executives](https://www.moneyhouse.ch/en/company/suum-cuique-labs-gmbh-21324494651/management) at Suum Cuique Labs include Hansen Wang and Gautham Nekkanti.



We’ve seen that interacting with an index leads to users holding the index’s native currency, MASK. MASK is usable to provide liquidity on SushiSwap or any other DeFi protocol using the automated market-making model.

However, these networks must support tokens created using Ethereum’s [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) standards. Notably, the Hashmasks pool doesn’t consider the rarity of a Hashmask. As such, even floor Hashmasks (the most simplistic Hashmasks) have a place on the pool. The project sits at the center of DeFi and NFT. 




#### Related Pages:


Learn more about [Name Changing Token (NCT)](https://coinmarketcap.com/currencies/name-changing-token/).

Learn more about [Terra Virtua Kolect (TVK)](https://coinmarketcap.com/currencies/terra-virtua-kolect/).

Don’t forget to read our [blog](https://blog.coinmarketcap.com)!



The coin has a maximum supply of 480 tokens.



The network runs on the Ethereum blockchain. Therefore, the network leverages the security of the second-largest decentralized platform. Although Ethereum is migrating from a proof of work (PoW) to a proof of stake (PoS) consensus mechanism, the MASK-driven platform’s security leans on Ethereum’s PoW mechanism for now.



For those looking to lay their hands on the coin, it is available on [SushiSwap](https://coinmarketcap.com/exchanges/sushiswap/), a DeFi exchange that offers token swaps. On the exchange, MASK pairs with [wrapped Ethereum](https://coinmarketcap.com/currencies/weth/) (WETH). If you’re a beginner looking to make your first crypto investment, look no further from our [fiat on-ramp guide](https://coinmarketcap.com/how-to-buy-bitcoin/).


NFTX Hashmasks Index

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