Element Black
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Element Black (ELT) was a blockchain-based NFT 2.0 and Social-Fi platform for the co-creation, collaboration, and co-ownership of digital assets — from pixel art to music. Powered by the ELT governance token (ERC-20, 4 billion total supply), it aimed to be a PUGC NFT distribution platform bridging Web 2.0 celebrities and fashion brands with Web 3.0 NFT social experiences, and formed partnerships with music stars Akon and DJ Snake, director James Gunn, and former Oscars president Sid Ganis.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Launched
Element Black launched (Hong Kong-based per CoinCarp) as an NFT 2.0 / Social-Fi platform with the ELT token.
- Token sales
ELT held an IEO on OKX Jumpstart in April 2022 ($0.28M) and a $3.6M private sale in May 2022 backed by DAO Maker, AU21 Capital, LD Capital, and OKX Ventures.
- IDO
Element Black ran an IDO in December 2023 (token price $0.009).
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.