Robert is a freelance researcher, with a background in information science currently interested in blockchain technology and technical developments in the field.
A new project known as Cyber has crafted digital experiences for anyone who owns non-fungible tokens (NFTs). By using Cyber’s platform, digital collections can be displayed in an owner’s gallery for anyone to see.
Virtual Reality NFT Galleries
Cyber is a new avenue for artists and collectors to showcase their NFT collections in a fully immersive 3D setting of their choice. Individuals can import their NFTs using their designated crypto wallet, and by simply clicking the ‘create’ button collectors can have their NFTs permanently displayed in their chosen space.
Collectors who don’t want to use Cyber’s free default galleries can alternatively go to the OpenSea marketplace and purchase a custom 3D gallery, which they can walk through in virtual reality (VR) or on a mobile phone.
A Space to View and Buy NFTs
It’s also possible to buy artwork from someone’s gallery. On visiting a gallery you might find artworks you’d like to purchase; Cyber has enabled people to do so by visiting the OpenSea link on the artwork’s page and buying it, or placing a bid directly on the marketplace.
this is my gallery Let's go check it out There might be something you like.https://t.co/EdOazRhKhV
It’s also possible to link galleries for artists and collectors to collaborate with each other. The recent NFT boom has created multiple opportunities for artists to move into the field, with many opting to create NFT meme avatars to show that they participate in the crypto space.
We are pleased to announce that you can now listen to Arpeggi Songs in your @oncyber_io gallery!
The promise of the metaverse has many new prospective projects vying to become top dog in this exciting new world. With Microsoft and Meta (formerly Facebook) joining the fray, new independent projects are increasingly looking to create a space for people to spend their time.
With some designed as a social experience and others closer to gaming, it remains to be seen how they will be received by the public when they are released and start to generate some steam.
Let’s look at four of the more exciting metaverse projects coming soon:
STARL
Starl, the first 100 percent community-owned decentralised virtual space project
The Starl Metaverse is a space-themed environment where individuals can buy and sell virtual real estate, purchase satellites to use or rent to others, create, sell and buy NFTs, or interact with other people in the metaverse with customisable avatars in the 3D virtual space that makes up part of the Star-link ecosystem.
The virtual land will mimic a real-world space station positioned in an actual quadrant of our galaxy. The $STARL token will be used as a tool to purchase virtual land in the metaverse as well as a way to vote and play a role in the governance of the project.
Bloktopia
Ground zero at the Bloktopia skyscraper
Bloktopia is a tokenised decentralised virtual reality (VR) crypto skyscraper powered by the Polygon network where $BLOK holders, also known as Bloktopians, can purchase digital real estate on one of the 21 levels of the virtual high-rise. The massive ‘building’ will also be home to various merchants where players can buy digital collectibles and services, or just hang out if they want to.
Bloktopia will provide an unprecedented VR experience for the crypto community, bringing users together all in one immersive and engaging environment.
Bloktopia Light Paper
Users will have access to crypto information and immersive content all in one place, where they can learn in an open and friendly environment in VR. Bloktopians will be able to earn revenue through real estate ownership and advertising, play games, build networks and much more.
Somnium Space
Somnium is a realistic open VR world with its own digital economy (CUBE virtual currency) that players can use for purchasing NFTs on the marketplace, along with using it for games, social experiences and virtual land ownership. One of the impressive features of the game is that it will be cross-platform and fully accessible from any device, from 2D mode on a user’s desktop to an immersive VR mode on a desktop or mobile.
The project has partnered with OpenSea’s online platform to use the marketplace for exchanging collectibles, while a partnership with Matic allows the use of its second layer to bring speed and close to zero costs to users for in-game transactions. The game has been out for a while, though only recently started making headway after being made available on Steam.
The project has partnered with Sony to use its 3D model creation technology, allowing users to create fully embodied avatars of themselves in minutes alongside any 3D models for Somnium Store. Users will also be able to program their own experience and monetise it through the asset store or on their property.
The Uplift
Uplift art gallery
The Uplift metaverse is a Minecraft-based massive multiplay NFT virtual environment where players can build, play, and own their parts in the world.
In their explorations, players can mine the native token Upliftium (WAXP), but according to The Uplift’s official page WAXP can mainly be obtained by staking “battery” marked NFTs within the game or on the marketplace. Players will need to purchase a “passport” to be able to play and earn within the game, otherwise it’s more like regular Minecraft.
The project has been running for a while now and has even dedicated a piece of land as an art gallery. The Exhibition Spotlight is a series intended to highlight some artists that are being showcased in the Uplift World Metaverse’s various art galleries, which will later be replaced by a new exhibit.
US investment platform eToro has this week delisted Cardano and Tron from its trading pairs, citing regulatory issues. According to an official announcement from eToro, US users will no longer be able to open new positions or receive staking rewards for Cardano (ADA) and Tron (TRX) due to regulatory issues.
Regulatory Uncertainty Affects Exchanges
The investment platform only cited “business-related considerations in the evolving regulatory environment” as the reason for delisting the digital assets. The new update will take effect on December 26 and staking for the assets will end on December 31.
In recent months, regulators in the US and UK have placed more focus on exchanges as part of regulating the crypto sector. However, at the same time, eToro Australia has introduced crypto staking and 15 new digital assets.
And we didn't even get delisted. Ada is still on etoro and non-US customers can freely trade https://t.co/FAcUgv9ERj
Due to the lack of regulatory clarity, exchanges have different limiting factors for their own policies, so if a currency – ADA, for example – doesn’t meet some or other requirements, an exchange can delist it if it sees fit. In the current state of crypto, one can see liquidity come and go based on various countries and their rules regarding the asset class, and since crypto is a global product but regulations vary between countries, complications can arise.
What Will Happen to Assets on eToro?
According to eToro’s post, positions can be closed at any time – meaning users can still sell their ADA and TRX on eToro and receive USD, adding that it has no plans to force selling. Users will still be able to securely hold existing positions of Cardano and Tron. While staking rewards will no longer be offered to US users for either asset, the final reward payout will go to users on January 15, 2022.
We are only limiting users from opening new positions. We are not forcing users to sell any existing positions.
eToro announcement
eToro plans to roll out its Money crypto wallet in 2022, compatible with the assets so that users can move their holdings there if they don’t wish to sell now. The limiting of sales won’t happen for at least 30 days after offering support for redeeming ADA and TRX to the wallet, which will continue to support the assets even after US users can no longer sell their holdings for USD.
A report released by Ernst & Young (EY) detailing the views of hedge funds and other investors on alternative funds like crypto shows there has been strong growth in the sector, with 31 per cent of hedge fund managers planning to add crypto to their portfolios.
EY has released its yearly publication, the EY Global Alternative Fund Survey, which offers a comprehensive overview of the perspectives of alternative fund managers and the institutional investors who allocate to alternative asset classes, basically anything that’s not a stock, bond or cash.
Increase in Alternative Investment Opportunities
According to the study, only 7 percent of alternative fund managers and investors interviewed for the EY study said they or their firms already have “crypto-related assets” in their portfolios. However, there is a steady rise in the onboarding of various investment vehicles of the new asset class.
2021 Global Alternative Fund Survey
In 2021 alternative funds increase the successful momentum they built in 2020 by delivering strong returns resulting in increased investor confidence.
EY Global Alternative Fund Survey
The report also states that “cryptocurrencies and the digital asset ecosystem perhaps garnered the most mainstream public interest during 2021”. However, institutions are viewed considerably more cautiously, with regulatory uncertainty cited as the second-largest risk for investors behind crypto not aligning with their investment strategy.
Increase in Hedge Fund Participation
More alternative fund managers have become active participants, drawn by uncorrelated return profiles and continued investment in institutional-grade infrastructure to support the evolving asset class.
When looking at current and future exposure to crypto-related assets, 31 per cent of hedge fund managers, 24 per cent of alternative investors, and 13 per cent of private equity managers said they planned to add crypto to their portfolios or maintain their current exposure in the next one to two years.
2021 Global Alternative Fund Survey
According to the study, the largest managers were most likely to increase their exposure, with 36 per cent of hedge fund managers with over US$10 billion in Assets Under Management (AUM), and 32 per cent of managers with US$2–10 billion in AUM reporting that they expected to increase their crypto portfolios.
Retail Investors Join the Party
As such, allocations to hedge funds (28 percent) and private equity (27 percent) are now on par – a stark contrast to 2018 when hedge fund allocations (40 percent) outpaced private equity (18 percent) by a two to one margin.
The study also shows that 42 per cent of investment managers, seeking new growth opportunities, are turning to “retail” channels to grow as institutional allocations are slowly increasing.
Alternative fund managers have realised they need crypto, not only address but advance current and future investor priorities, which now extend to retail investors, regarding environmental and societal imperatives, while taking the necessary steps to attract, support and retain a diverse and decentralised workforce.
Privacy coin Zcash (ZEC) has seen a near 30 per cent rally after its parent organisation announced various upgrades to the protocol and its wallet to “engage directly with ZEC users [and] rapidly roll out new features”.
Electric Coin Company (EEC), the organisation behind Zcash, has released its new roadmap outlining various changes and upgrades to the protocol as well as a new wallet arriving sometime in 2022.
Originally based on Bitcoin’s codebase, Zcash’s supply is capped at 21 million coins with 13 million in circulation, with the market cap at around US$2.7 billion, according to CoinMarketCap. Shortly after releasing the roadmap, the price of ZEC rallied from US$147 to US$189, an increase of 28.6 percent, and at the time of writing was sitting at US$210.
Zcash Upgrades in the Pipeline
In the blog post, ECC stated that the first step of its roadmap would be the release of an official wallet, the code of which will be open-source. Developers intending to develop on the protocol can also expect the release of a software development kit in the near future.
Past indications to move Zcash to Proof-of-Stake (PoS) have come to fruition, with the ECC announcing it will migrate the blockchain from an energy-intensive Proof-of-Work (PoW) consensus mechanism, whereby miners need to run software on a computer in order to validate transactions and those with the most computing power validate the most transactions. The ECC announcement suggests that users would be able to stake a portion of their ZEC holdings into a dedicated Zcash smart contract to become validators on its blockchain, according to the size of their stake.
This shift will also increase the utility for ZEC through capabilities that include yield generation through staking and a possible path to on-chain governance mechanisms for ZEC HODLers.
Josh Swihart, senior vice-president of growth, ECC
The last part of ECC’s roadmap focuses on interoperability. As the company completes the transition to a proof-of-stake model, new opportunities for cross-chain interoperability will arise, such as possibly using the interoperability network Cosmos.
Privacy a Pillar of Web 3.0
In this new internet, each individual is self-sovereign. There are no centralised gatekeepers to decide who can participate. There are no kingmakers who determine who wins and who loses.
ECC blog
By using cryptographic techniques, ZEC can obscure identifying information such as addresses and transaction amounts from anyone that’s not allowed to see. The coin uses a cryptographic technique called zero-knowledge proofs, which allows transactions to be made without specifying any details about those transactions other than the fact that they are legitimate. The protocol also allows users to make all their transactions anonymous, except to a specified list of addresses.
Zcash is the opposite: a decentralized, functional chain with a specific (and useful) purpose: enabling private transactions, something it does extremely well, even now (years later). I actually used it back then, and it worked.
Deloitte, one of the world’s top-ranked and most valuable accounting firms, has partnered with Ava Labs, the team behind Avalanche (AVAX), to leverage blockchain technology for its new cloud-based platform.
According to its press release, the partnership will see Deloitte leveraging the Avalance blockchain to “enable a new disaster recovery platform that uses the Avalanche blockchain to help state and local governments easily demonstrate their eligibility for federal emergency funding”.
Probably nothing, only Deloitte, the largest accounting firm in the world that provides services to nearly 90% of the Fortune 500 choosing Avalanche for a federally approved disaster recovery platform to help state and local governments with federal emergency funding!$AVAX 🚀 https://t.co/GHzIWuSjfx
Avalanche Utilised to Provide a Secure Environment for Federal Disaster Claims
The new Close As You Go (CAYG) platform was developed with help from first responders, public works departments, finance authorities and grant-making agencies to help simplify and streamline disaster reimbursement applications to the US Federal Emergency Management Agency (FEMA).
Close As You Go features a user-friendly interface backed by the cutting edge of blockchains, helping state and local governments focus on their recovery, rather than extensive claims processes.
John Wu, president, Ava Labs
By using Avalanche’s eco-friendly blockchain technology, these critical documents can be quickly gathered, processed and authenticated. CAYG’s cloud-based platform provides state and local officials with a decentralised, transparent and cost-efficient system that empowers grant-makers and funding recipients while minimising fraud, waste and abuse.
Our new Close As You Go platform can play a critical role in helping these leaders be prepared to aggregate and validate the documentation necessary to demonstrate eligibility for funding and reduce the risk of adverse audit findings down the road.
Alex Haseley, principal, Deloitte & Touche LLP, also Deloitte’s government and public services crisis management portfolio leader
AVAX Price Soars
The Avalanche (AVAX) ecosystem has seen exponential growth during the past year, and the native currency AVAX is up 2,618 percent year-to-date. During the past week, the AVAX price reached a little over US$110 after rising 16 percent, with its circulated market cap hitting US$23.76 billion, almost 1 per cent of the total crypto market cap.
In contrast, other leading cryptos, including Bitcoin (BTC) and Ether (ETH), fell by over 13 percent and 12.50 percent respectively week-to-date. According to a survey conducted by Deloitte, 76 per cent of people believe crypto will be a strong alternative to fiat money within the next decade.
Dr Tony Richards, the soon-to-retire head of payments policy at the Reserve Bank of Australia (RBA), has warned local investors they should be wary of speculating on digital currencies as regulation and CBDC development could threaten the crypto market.
Richards stated in his November 18 speech to the Australian Corporate Treasury Association that one of the topics that “generated the most discussion, conversation and debate in the nearly 10 years” of his time at the RBA was “the emergence of distributed ledger technology, cryptocurrencies and stablecoins, and the prospective emergence of central bank digital currencies”.
Dr Tony Richards, RBA’s outgoing head of payments policy.
The Same Ol’ Strawmen
Richards warned of excessive hype around crypto, citing instances like Dogecoin “that was started as a joke in late 2013 [and] had an implied market capitalisation as high as US$88 billion in June this year”, fuelled mainly by “influencers and celebrity tweets”. The RBA has previously also discussed the risk of meme coins and DeFi in monetary policy meetings.
The RBA has signalled that if a regulatory crackdown should occur, thousands of private currencies that have emerged on the back of the soaring bitcoin price would become unnecessary. It has also targeted Proof-of-Work’s energy consumption and how crypto facilitates financial crimes and illegal activities such as ransom demands.
Additionally, after COP26, Richards warned: “The very high use of energy involved in mining proof-of-work cryptocurrencies could attract greater attention from governments and policymakers.” The combined energy use for the Bitcoin and Ethereum networks was estimated to be similar to that of the world’s 13th-largest economy, he said.
However, Jon Deane, chief executive officer of Trovio, a digital asset infrastructure adviser and asset manager, disputed Richards’ comments on crypto’s environmental impact, saying that 57 percent of bitcoin mining uses renewable energy sources.
Regulation Could Reduce Crypto to “Only Niche Use Cases”
“If there were to be global policy action to deal with some particular concerns about the use of cryptocurrencies, plus the arrival of new stablecoins and CBDCs, that could safely meet the needs of a wide range of users, existing cryptocurrencies might then have only niche use cases, at best,” Richards said, adding that “much of the official sector globally remains sceptical of developments in the cryptocurrency market”.
Reaction from the crypto community was swift and predictable:
A disappointing view in the face of a global opportunity to lead for Australia.
Steve Vallas, chief executive of Blockchain Australia, retorted that “it continues to be our experience that hawkish views about cryptocurrency are driven by entrenched narratives around bad actors and financial crime, narratives that are not supported by the data”.
Could CBDCs Undermine the Use of Crypto?
Richards is of the opinion that the rise of crypto is not yet an issue threatening financial stability, but the RBA expects global central banks to move to assert control over digital finance and respond to the growth of bitcoin and other coins by issuing CBDCs.
He believes CBDCs “would be denominated in fiat currencies, be safer than existing stablecoins, and would likely have faster, safer and more efficient transaction verification mechanisms than most cryptocurrencies”, and would likely be “viewed as superior instruments for the settlement of transactions in tokenised assets on distributed ledgers”.
But according to Deane, “People buy bitcoin to move away from the devaluation of fiat currencies by central banks to a finite resource that acts as both a store of value and ultimate settlement layer”.
Dr Richards concluded that banks would continue to work with the private sector and international counterparts to ensure they stay abreast of innovations in the payments system, with the RBA even hiring CBDC researchers. There is significant work still to be done with the other financial regulators and the parliament to ensure that Australia has a fit-for-purpose regulatory framework for digital assets.
The Sandbox (SAND), Animoca Brands’ virtual property and gaming project, has announced its highly anticipated Metaverse Alpha event starting later this month. Following the announcement, SAND prices have surged to new all-time highs.
Play-to-Earn Metaverse Event
After four years of development, the Sandbox (SAND) team’s play-to-earn (P2E) Sandbox Alpha event will allow players the opportunity to explore The Sandbox Metaverse for the first time. The virtual gaming world enables users to monetise their time spent in the metaverse via a P2E model. Players can purchase land and create non-fungible tokens (NFTs) within the game and earn Sandbox tokens (SAND) by completing various quests.
The Sandbox Alpha Hub launches on November 29 and closes on December 20. Players who want to take part in the event will need to get their hands on an Alpha Pass, the NFT ticket that will grant full access to the multi-week event to 5000 people. Golden tickets will be on sale on OpenSea’s secondary market between November 29 and December 19.
Players without an Alpha Pass will still be able to access three full experiences and the Alpha HUB, a central multiplayer experience showcasing a range of locations, quests, and the opportunity to connect with other players from the community. However, they will not be eligible to earn P2E rewards.
This is a big deal: Sandbox is finally opening their doors for some alphas to get a peek inside their gaming community vision. $SANDhttps://t.co/iZoMYwDALy
Owners of the Alpha Pass will have the opportunity to earn 1,000 SAND for completing all objectives of the Alpha. Additionally, pass owners have special access to three exclusive The Sandbox Alpha NFTs, which will only be available during the Alpha event.
NFT prizes for owners of the Alpha Pass: The Sandbox
In an interview with Cointelegraph, Animoca Brands co-founder and chairman Yat Siu cautioned future investors that they should take the time to carefully experience The Sandbox before buying tokenised land:
Just go to the places, experience them, join the community on Discord, have a chat with them. See what it’s all about before you make the plunge to buy land because, you know, it’s like buying real estate anywhere in the world.
Yat Siu, co-founder and chairman, Animoca Brands
Metaverse Token Explodes
According to data from CoinGecko, the price of SAND hit a new all-time high of US$3.97 on November 18. SAND has been on a meteoric surge in 2021, gaining 10,545 percent over the past 12 months. Earlier this month ,the SAND token pumped 158 per cent following the Facebook metaverse announcement.
SAND/USD price chart. Source: CoinGecko
At the start of this month, The Sandbox closed a US$93 million Series B funding round led by SoftBank Vision Fund 2. The project has been in development for four years and will launch its metaverse in “phased stages” moving forward.
With the idea of the metaverse inching its way into the public sphere, more people are taking part. Barbados recently established the first-ever metaverse embassy as part of its aggressive expansion to build infrastructure and purchase digital land.
The privacy-centric browser Brave has launched its new self-custody crypto wallet built into its desktop browser application, enabling users to store and buy cryptocurrencies, make use of DeFi, and store NFTs.
According to an announcement from Brave, its new browser wallet has a host of crypto-focused functionalities. One of the main reasons for the creation of the wallet is to counter fake and risky browser extensions that people use as crypto wallets.
Fighting Fake Extensions
While countless crypto wallet options exist (hardware wallets and software wallets), most are browser extensions. These extensions have inherent security risks, are more susceptible to phishing and asset theft, and require extra background processes to run, possibly creating performance issues on users’ devices.
One of the biggest problems with extensions is how easy it is for criminals to make fake ones pretending to be a good wallet extension – such spoofing attacks are quite common.
Brian Bondy, CTO and co-founder, Brave
According to Brave’s chief training officer, the new implementation was “built from scratch, natively into the Brave browser”. It’s different from other Web 3.0 wallets such as MetaMask in that it does not require users to download an extension, but is rather built directly into the browser as a core feature. According to the firm, this is also meant to reduce security risks and reliance on extra CPU and memory.
One of the hurdles is the crypto wallet industry’s reliance on extensions, which introduces friction for DApp adoption and often leads to users losing funds via fake extension phishing scams […] The Brave Wallet requires no extensions and is instead browser-native, removing key performance and security concerns while preserving the core features of popular crypto wallets.
Brian Bondy, CTO and co-founder, Brave
"Brave Wallet is built with an open MPL license, enabling developers to make contributions easily. (…) the crypto ecosystem should not only be open source, but should also be enabled via tools and wallets with an open license."
Bondy says the browser’s cryptocurrency wallet is similar to hardware crypto wallets as it implements its own BIP32 hierarchical deterministic wallet, meaning “the funds are always stored on the blockchain, but the keys to unlock those funds are stored in the Brave Wallet”.
The Brave Wallet will soon be available on Brave’s mobile app and by 2022, the wallet will integrate the Solana blockchain, making Solana (SOL) the default provider for DApp support. Initially, Brave provided in-browser crypto swaps and had an established DEX, but has now moved to create the infrastructure in the wallet.
The wallet will allow users to transact in “almost any crypto asset”, supporting all chains compatible with the Ethereum Virtual Machine (EVM), including Polygon, xDai, Avalanche and others.
What Users Can Do with the Wallet
Research has found that the number of global crypto users has more than doubled in the first half of this year, from a little over 100 million at the start of 2021 to 221 million in June. It’s estimated that currently 13 percent of Americans invest in crypto, and with numbers on the rise users need safe and trustworthy technology to work with their digital assets.
The crypto-friendly browser has gained major popularity due to its privacy-centred design and the way it approaches ads by rewarding users in Basic Attention Token (BAT), its own native cryptocurrency, for viewing privacy-protecting ads. However, the new wallet differs in that it is not connected to Brave Rewards. Here is a list of the Brave wallet functionalities:
see live and historical market graphs (price data powered by CoinGecko);
find best price match against a list of providers with built-in swap functionality;
send and receive assets;
buy with fiat via Wyre;
interact with DApps for any EVM compatible network;
manage portfolio with NFT and multi-chain support;
easily import wallet from MetaMask and other self-custody wallets, or Brave’s legacy Crypto Wallets extension, or hardware wallets such as Trezor and Ledger (no Ledger Live required); and
As non-fungible tokens (NFTs) continue to boom in the crypto industry, many new projects are coming to fruition on a daily basis. One of the main emergent uses for NFTs is as digital avatars for people in the crypto space, with some of those doubling up for use in NFT games.
With memecoins pervading the air, communities ranging from doge lovers to meme lords have invested and created offerings for people interested in what they offer.
The rise of NFTs means those interested in an NFT avatar have many to choose from. Populated by such characters as Mutants, Punks, Apes and Mutant Punk Apes, the space has exploded with custom-designed avatars. People in the space want to differentiate themselves and show off their digital selves to hang as a banner labelling them as part of the crypto space. Last week, The Simpsons NFTs sold out in minutes as crypto savvy collectors rushed to buy up the digital memorabilia.
Here are five new NFT avatar projects launching soon:
Strange Turtles In District 99
Strange Turtles In District 99 is a collection of 10,000 unique turtles from a turtle planet 99 light-years away. The NFTs are randomly assembled pieces from a selection of 250 hand-drawn traits, costing 0.0799 ETH + gas fee. The owner of a Strange Turtle is given the right to fully explore the commercial possibilities of the NFT, and will also be guaranteed access and voting rights in the 99district NFT.DAO.
According to a roadmap “based on the decision of our community, a 99district play-to-earn game will be developed”, which may see release in the future. Additionally, 100 random Strange Turtles will be given to pop stars, footballers, artists and entrepreneurs around the world for them to hold or show off.
The project will also use 3.5 per cent of total sales and 50 per cent of royalties from OpenSea for ‘sweeping the floor’. Sweeping the floor is similar to a stock buyback, the term ‘sweep’ referring to buying all the NFTs listed at the current floor price to increase their value.
Lazy Bunny
The lore of the Lazy Bunnies is that they were living peacefully in their homes until a group of teenagers accidentally started a fire that burned 90 percent of their forest habitat. Now the Lazy Bunnies have moved towards cities in hope of finding loving owners and new homes.
Each trait of a Lazy Bunny is hand-drawn and the team has created only 5555 bunnies, so each and every bunny is unique. Lazy Space Bunnies cost 0.055 ETH per bunny and are avatar-style NFTs.
The project has many scheduled airdrops and community prizes lined up for NFT holders in its roadmap. Once 50 per cent of bunnies are sold, the project will set up a community wallet where 50 per cent of secondary sales will go towards a cause decided by the community.
Mutant Ether Babies
Mutant Ether Babies NFTs, otherwise known as Mebs, are a collection of 7777 unique species created from the mutation of cat and ape DNA, living on the Ethereum blockchain.
Owning a Meb will serve as a pass to play the Mebs Subway Game, and by playing Meb gamers will be rewarded in NFTs. The project also plans to buy land in the metaverse to build a Mebs island where Mebs holders can meet up. Each Mebs holder will be airdropped a 3D version of their Mebs, which will be used in the Metaverse – or Mebverse.
There are four levels in the minting process, and when each one is reached the project enacts a giveaway and a buyback to raise the floor level. Once 100 percent of the supply is minted, 30 ETH will be allocated toward three charities (10 ETH each) plus 20 ETH buyback to raise floor level.
United Toads
United Toads is an NFT project that makes toad-themed original artworks in the form of an avatar or profile picture. The avatar will also be available for use in a game that’s currently in the works. Any community member who holds on to their NFTs while the project moves through its roadmap is eligible for airdrops and future events.
According to the roadmap, when 50 percent of the 4,999 supply is bought up, a donation will be made to a #savethetoads foundation to stop deforestation in the Amazon, and on reaching 100 percent the team will bring on game development in phase 2.0.
Sovereign Degens
Sovereign Degens is an on-chain adventure that starts after getting your Sovereign Degens and affirming your membership. Over ensuing weeks, players uncover plots, community-driven story arcs, and airdrop challenges. The story arc will play out in a quest format and take players around the world, where they will advance as they solve quests while navigating multiple realms.
Sovereign Degens
In January, the project unveil the opening act to the Sovereign Degens universe, and reveal the Genesis NFT (aka Season 1 NFT). Season 2 and 3 are currently in development.
