What’s CyberKongz?
CyberKongz is a set of 1,000 NFTs that includes 34 × 34 pixel photos of unusual, distinctive, and randomly created apes. Simply 989 of the unique 1,000 NFTs have been offered on OpenSea, CyberKongz #810 was retained because the challenge’s mascot, and 10 CyberKongz Legendary have been offered two weeks later.
Regardless of the dearth of a pre-release promoting effort, the challenge drew plenty of curiosity from NFT followers, and CyberKongz avatars instantly grew to become standard on social media.
You’d be hard-pushed to search out PFP tasks which were round longer than this one, which was given to the general public on March third, 2021. A complete of 989 Genesis CyberKongz have been made out there for buy at a price of 0.01 ETH apiece. The idea quickly gathered traction within the following weeks. This resulted within the sale of 11 legendary Kongz for a complete of 200 ETH.
All the things modified for Kong holders on April seventeenth. The challenge switched to a brand new contract, which permits for the addition of all new utilities for holders. Holders now have the next new options:
All through time, CyberKongz has grown right into a community-focused initiative by which NFT engineers and group specialists commit their abilities to the event of group concepts. It developed from a modest PFP challenge to a passive income-generating machine over time.
In a while, the challenge created two additional NFT collections: 4,000 Child CyberKongz and 15,000 CyberKongz VX. The CyberKongz VX 3D assortment, along with efficiently growing the CyberKongz group, permits homeowners to make the most of their NFTs in a number of metaverses.
In terms of this universe, there are 4 key phrases to grasp:
- Genesis CyberKongz – The unique assortment of 2D avatars
- Child Kongz – Results of “breeding” two genesis CyberKongz
- CyberKongz VX – 3D Voxel-Primarily based avatars
- BANANA Token – Native token for CyberKongz homeowners
Traits
Every NFT within the assortment is made up of the next 4 properties:
- Genesis Trait has 62 differing kinds together with: Sq. Sun shades, Gold Glasses, Eye Patch, ….
- Legendary Trait has 10 differing kinds together with: Astronaut, Satan, Ghost,…
- Sort has just one kind, Genesis
- Birthday is a marker for the delivery of every NFT within the assortment and is randomly numbered between 1618607943 and 1631762429.
Key metrics
- NFT Assortment Title: CyberKongz
- Classification: PFPs
- Whole quantity of NFTs: 1,000 NFT
- Blockchain: Ethereum
- Variety of options: 4
- NFT contract: 0x57a204AA1042f6E66DD7730813f4024114d74f37
NFT Utility
The BANANA cryptocurrency, which is the CyberKongz utility token, was created by the staff. All Genesis CyberKongz holders will get 10 BANANA tokens every single day for the subsequent ten years as a thank-you for his or her early assist of the challenge. These tokens could also be redeemed for money, used to breed Child CyberKongz, or burnt to present their particular qualities.
In addition to that, NFT holders might rename their NFTs by investing in some BANANA tokens. All holders may even get entry to a non-public Discord channel for holders completely.
In each alternative, the staff clearly prioritizes the homeowners. House owners, for instance, have full NFT industrial rights to the 2D and 3D variations of their CyberKongz. Moreover, the subtle tokenomics within the ecosystem have been created with the intention of benefiting the homeowners in the long run. Customers can also use NFT as their avatar on social networking websites or Metaverse providers like The Sandbox.
How a lot does CyberKongz generate?
Every Genesis Kong grows 10 BANANA every day and can proceed to take action for the subsequent 9-10 years. Once we initially checked out this assortment, that amounted to $480 in passive yield every single day. On the present pricing of BANANA at $0.46, it’s extra within the space of $4.6 per day.
Though not insignificant, it represents a giant lower from the earlier yr. BANANA is at present held by little about 500 wallets. Nonetheless, with extra usefulness on the best way, it is a token to control.
BANANA might now be used to:
- Write your bio like 100 BANANA.
- 10 BANANA is a customized title.
- VX Kong title modifications price 2 BANANA.
Play & Kollect
Aside from Child and VX Kongz, Play & Kollect Jungle Journey is their second main deliverable for holders. Holders might take part within the Polygon Community with minimal to no gasoline bills or concern about environmental results.
CyberKongz VX homeowners might type crews of 1 to 5 folks and ship them on missions to gather Kongium Ore. This ore (or ERC-1155 NFT) could also be redeemed for a portion of the season’s BANANA pool in addition to different particular incentives. Every season lasts 10 days, so there are many probabilities for everybody to gather their fair proportion of the goodies.
To start with, every crew has one free tour every single day. Holders might purchase assets without spending a dime by consuming the gasoline rod they acquire for his or her crew. After that, every additional useful resource assortment journey you ship your staff will price 0.4 BANANA. Furthermore, the pool of extra BANANA that may accrue because of holders sending their personnel on further missions can be returned to the group. 50% can be added to the season’s prize pool, 10% to a group treasury, and 40% can be burnt.
Deflationary mechanisms, in addition to gamified usefulness, might restore BANANA to its former standing as a passive producing goldmine.
Roadmap
The staff has already accomplished quite a few milestones on its plan. This covers creating metaverse playable variations, acquiring land in The Sandbox, establishing group governance, and making 3D printable obj recordsdata. There are additionally different ongoing initiatives, reminiscent of Play and Kollect and Kongz Tank.
Jungle Journey, a blockchain sport by which holders might acquire totally different in-game incentives, is included within the Play and Kollect. Gamers will use their CyberKongz VX to gather Kongium and redeem rewards reminiscent of BANANA and distinctive NFTs on this sport.
Kongz Tank, however, is actually an NFT counterpart of the favored TV present Shark Tank. The staff is all the time searching for new expertise to assist them create video games and interactive experiences utilizing the Play and Kollect applied sciences. All video games can be launched on the Polygon Community and can also be partially off-chain.
The staff additionally works along with organizations reminiscent of The Sandbox, MetaKey, Uniqly, Solarbots, and World Webb. They’ve additionally simply employed UFC veteran Chuck Liddell.
CyberKongz has knowledgeable the group a few 4-tier roadmap as follows:
- Degree 1 (CyberKongz VX Launch): VX was launched in partnership with The Sandbox, and integration as a playable avatar into The Sandbox sport is at present in improvement.
- Degree 2 (The Banana Store): Gamers may even be capable to buy customized VX wearables to present their avatars extra in-game adventures within the community-built Metaverse video games. .
- Degree 3 (Kongz Island): A jungle with a number of zones constructed into The Sandbox the place each CyberKongz and Sandbox goal to create a gaming and social expertise associated to all CyberKongz NFTs in addition to Banana Tokens.
- Degree 4 (Kongz Extension): Proudly owning a number of grants any consumer entry to the clan.
Find out how to purchase Sappy Seals NFTs?
You should purchase these NFTs on marketplaces like OpenSea and LooksRare.
Staff
The staff has not been fully doxxed, and quite a few staff members stay anonymous. This challenge’s mad scientist and artist is Myoo. They’re now exhausting at work, along with a staff of builders and core members, to assemble the longer term.
Neighborhood
CyberKongz has an unlimited and diversified group on social networking networks. Furthermore, CyberKongz shaped a Kongz council of lively group members who would take the function of the group in challenge improvement and orientation actions.
Do you have to personal Sappy Seal NFT?
When it comes right down to it, this debate is changing into extra fascinating. Contemporary initiatives are being launched every day. And there are undoubtedly some recent collections on this dialogue among the many initiatives which were minting in current months.
But, CyberKongz and different well-known initiatives give long-term stability. It has maintained its ground worth in the course of the bull and bear cycles since final yr.
The important thing qualification of a blue-chip assortment needs to be worth consistency, which CyberKongz unquestionably fulfills. Not solely was their ground worth constant, however Genesis holders have been raking in BANANA for over a yr. Some diamond-hand bearers have earned a great dwelling by clutching their CyberKong.
Clients might make investments their Ethereum into this assortment with confidence. They don’t seem to be involved about their NFTs dropping half their worth in a single day. Holders haven’t any motive to even have a look at the ground worth. They earn a yr’s earnings passively and proceed to obtain worth from the builders.
CyberKongz is certainly a blue-chip assortment that can be round for a very long time, if not endlessly.
Conclusion
Over time, the widespread imaginative and prescient of advancing CyberKongz as a community-based initiative developed. Among the finest builders and specialists within the NFT and De-Fi subject could also be discovered within the group. Who contributed their abilities and energy to the event of the group’s concepts? The BANANA coin was produced shortly, giving genesis CyberKongz the potential to earn 10 BANANA every single day for the next ten years. House owners might give their CyberKongz attributes reminiscent of a singular title and biography by burning a selected amount of BANANA, in addition to breed and incubating certainly one of 4,000 randomly created Child CyberKongz with varied qualities and rarities.
From then, CyberKongz VX was seen because the pure subsequent step. With so many individuals desperate to discover the metaverse, the NFT proẹct understood they wanted to deliver the jungle to life and put the swing into motion.
DISCLAIMER: The data on this web site is offered as normal market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.
