Blue Chip NFTs 101: CyberKongz Together Strong!

The CyberKongz don’t get the mainstream media headlines, however they’re one of the stable NFT initiatives on the market. If not probably the most. They’ve an lively and closely concerned neighborhood behind them, they usually hold working and innovating whereas the others sleep. Within the NFT world, everybody respects the CyberKongz. Outdoors, in the true world, no person has heard of them. And that could be the successful mixture.

On their web site, they describe themselves as “CyberKongz are distinctive and randomly generated 2D/3D NFT Social Avatars in your on-line experiences.” On March third, 2021, the CyberKongz hit Ethereum and Opensea with out a lot fanfare. The brainchild of artist Myoo, the challenge initially consisted of 1000 randomly generated NFTs. Solely 989 have been out there to the general public. One turned the gathering’s official mascot and the ten deemed “Legendary CyberKongz” have been auctioned off.

For the reason that Genesis drop consisted of 34×34 pixel pictures, they shortly turned the profile image of selection for its not-so-many holders. At the moment, PFP collections weren’t a factor. For the reason that CyberKongz and others revolutionized the area, they’re THE factor. On April seventeenth, the gathering migrated to a brand new sensible contract that contained just a few surprises. 

The group created a utility token, $BANANA, and the unique CyberKongz Genesis started yielding 10 tokens a day. At one cut-off date, this was a modest wage, however the $BANANA token value took a heavy hit because the bear market arrived. In any case, the $BANANA token has precise use circumstances all through the CyberKongz ecosystem. For instance, to create a Child Kong prices 600 $BANANA.

Varieties Of CyberKongz

To this point, there are three forms of CyberKongz. We already described the Genesis assortment. Every of those 1000 NFTs will yield 10 $BANANA on daily basis for the subsequent 10 years. By burning $BANANA, holders can alter their NFTs and provides them a reputation or embrace a biography. That is the kind of innovation we have been speaking about within the intro. Certainly, $BANANA is a pleasant option to reward the primary buyers within the challenge, nevertheless it’s not the one one. 

Two Genesis CyberKongz can breed. For the modest value of  600 $BANANA they’ll create one of many 4000 randomly generated Child Kongz. A very new and totally different NFT. It’s value noting that the Child Kongz don’t inherit the rarity traits of the Genesis CyberKongz, so everybody has the identical likelihood of receiving a uncommon NFT after breeding. 

The CyberKongz VX are 3D Voxel monkeys which might be prepared for the metaverse. This time there are various extra, CyberKongz VX consists of 15000 “voxel-based avatars constructed for use in on-line metaverse environments comparable to The Sandbox.” Holders can obtain their 3D belongings within the .OBJ, superior .FBX, .VOX, and .GLTF file codecs. They’re licensed to make use of them in merch and create their very own spinoff artworks with them.

ETHUSD price chart for 08/23/2022 - TradingView

ETH value chart for 08/23/2022 on Bitfinex | Supply: ETH/USD on TradingView.com

Fast Cool Details About The Kongz

  • The ten “Legendary CyberKongz” public sale was a roaring success. The NFTs went for an aggregated quantity of over 200 ETH.
  •  The challenge’s charity contributions are unmatched. After the unique mint, 60% of the proceeds went to the Cool Earth and Orangutan Outreach organizations. After the CyberKongz VX mint, 10% went to  Virunga Nationwide Park and COTAP.org.
  • CyberKongz VX is “the first-ever randomly generated NFT assortment created utilizing VoxEdit,” the 3D Voxel creation instrument by The Sandbox.
  • Inside The Sandbox, the CyberKongz received the public sale for “The Shrine Of Thuth” and renamed the constructing “The Shrine Of Kongz.” Then, they purchased a 12×12 property and introduced they have been constructing Neo Kongz Metropolis there. After that, they purchased a 24×24 property and introduced the development of Kongz Island.
  • In addition to that, the Kongz personal propriety in Axie Infinity’s Land of ‘Lunacia’, a number of plots of Ember Sword land, a Penthouse in Worldwide Webb, and can construct a realm within the Gridcraft Community.

Conclusion

Sustaining the preliminary provide of solely 1000 CyberKongz Genesis was important for this challenge to outlive. They discovered a option to improve it with out devaluating the unique drop, created a utility token that’s really used, and invested their funds within the assortment’s future: the metaverse. All of this underpinned by the most well liked Discord within the recreation, one the place CyberKongz holders can get probably the most exact alpha out there concerning the NFT scene as an entire. Or so we’ve heard.

Featured Picture: CyberKongz 3d voxel in The Shrine Of Kongz | Charts by TradingView
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