Transmissions from the Metaverse #6
Frogs in Disguise is one of the latest NFT collections hitting the market, while also introducing a YouTube animated series, merchandise and a game. In addition we’ve seen Panda Fight Club, where users can have their pandas battle in an upcoming game, and there’s Kaola Agency. Now don’t say that the metaverse doesn’t love animals, we do!
The metaverse can’t be owned, it’s shared. No company can claim that they have their own metaverse, but instead they can be a part of it. The metaverse is a shared virtual space where people share information and value, while having ownership over digital assets and a digital identity. In this update we look at the latest developments from the metaverse. What’s new to be excited about?
This week in the metaverse has been burgeoning with new NFTs following at least one noticeable pattern – animal-based NFTs, all with their unique personalities, styles, and accompanying perks. But in the sea of animal characters, some NFTs stood out: a single word and tickets to see a new-old (NFT) collection.
Frogs in Disguise launched with animated series
A 360° NFT ecosystem called Frogs in Disguise, launched on September 13, along with a YouTube animated series, merchandise, and a blockchain game based on the Tamagotchi pets. In the game, you’re raising and taking care of your own creature from spawn to full-grown frog – all on the blockchain.
Each frog has its own unique personality, style, and design. Frogs that get picked to become characters in the animated series will receive a portion of its revenues. The team expects to rapidly sell out its first 10,000 NFT frogs.
The biggest Frog farmer also owns lots of Fluf World bunnies and Astro Friends. Their NFT collection has a total value of more than $215,000. This person own 185 frogs.
Panda Fight Club to allow users to wager their NFTs
A collection of 8,888 randomly generated panda fighter NFTs with more than 100 different hand-crafted attributes went on pre-sale on September 13. Each of them costs 0.088 ETH. The pandas are part of the Panda Fight Club NFT game, expected to launch later this year.
The NFTs will give their owners access to the game, allowing them to clash with other fight club members while staking their own pandas. They will also serve in governance and voting. A portion of the sales will go to Pandas International – a non-profit organization for the preservation and propagation of the endangered giant panda.
At the moment there’s one user who owns 5% of the supply of the Panda Fight Club. That’s 70 NFTs in total with a combined value of $17,000. You can check their wallet, which also contains a Meebit and Mutant Ape, here on DappRadar.
Koala Agency donates 12 ETH to Wildlife Hospital
Speaking of saving animals in trouble, the Koala Intelligence Agency (K.I.A.), a collection of 10,000 Secret Agent koala NFTs, has donated 12 ETH (around $40,030) to the Currumbin Wildlife Hospital in Australia. The donated assets are half of the proceeds generated in the previously held auction for Koala Agent 7.
Each Koala has its own entry code for KoalaHQ memorized, allowing each Central Intelligence Officer to access the Headquarters. Holders can also locate crates in real life for hidden prizes in ETH and NFTs.
The K.I.A. team is currently working on launching its own “Koala Gallery” instead of OpenSea, which it says sometimes crashes due to large volume. Just like on OpenSea, the Koala owners will be able to view their NFTs any time at the Koala Gallery – the user-friendly, less congested alternative.
At the time of writing, the average weekly price of a K.I.A. NFT was $1,400. The biggest whale owns 150 Koalas, while their wallet is also filled with Pudgy Penguins, Space Dinos, Bored Apes and MoonCats. They own more than $750,000 on animal NFTs!
Buy an NFT ticket to see “The First 5000 Days” in real life
Remember “Everydays – The First 5000 Days” by Beeple that sold at Christie’s for $69 million earlier this year? Anyone interested in the NFT collage will be able to see it in November in an “inaugural display” at an NFT-oriented art and music event in New York.
The owner of the NFT is Metapurse, a crypto fund run by the pseudonymous investor Metakovan. It has recently announced that its authentic copy of the image will be projected for a night at the Dreamverse New York event.
This piece of art is a collection of 5,000 images related to current events and personal moments. They’re all stitched together and organized in loose chronological order, created over the period of 5,000 days.
To see this collection, you can now buy an NFT ticket which will cost you $30. The NFT ticket for the entire event costs at least $475. For comparison, the price of a plain old ticket starts at $150. However, you can also just check out the $2.8 million NFT collection of Metapurse, here on DappRadar.
A test NFT sells for $270,000
Just when you think this industry couldn’t get any weirder, it jumps you with something new. Crypto exchange FTX has recently sold its first NFT, a handwritten graphic of the word “Test” spelled out. The happy buyer paid a hefty $270,000 for it.
The NFT, dubbed “Testing Testing 123 #1”, is the first NFT piece of art created by the company’s CEO Sam Bankman-Fried. The creator’s intention was to test the NFT listing on the FTX US. As stated on Twitter, this is an “extra rare” NFT, and there certainly aren’t any more like it.
Interestingly, once FTX allowed users to mint custom NFTs on the exchange, users flooded it with drawings of… fish. The platform became so overwhelmed that SBF had to implement a paywall that first intended to charge a one-off fee of $500. It was reduced to $10 after some pretty sharp reactions from the community.