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 venture’s mascot, and 10 CyberKongz Legendary have been offered two weeks later.
Regardless of the shortage of a pre-release promoting effort, the venture drew plenty of curiosity from NFT followers, and CyberKongz avatars instantly grew to become widespread on social media.
You’d be hard-pushed to search out PFP initiatives 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 pieces modified for Kong holders on April seventeenth. The venture 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 through which NFT engineers and neighborhood specialists commit their skills to the event of neighborhood concepts. It advanced from a modest PFP venture to a passive income-generating machine over time.
In a while, the venture created two additional NFT collections: 4,000 Child CyberKongz and 15,000 CyberKongz VX. The CyberKongz VX 3D assortment, along with efficiently rising the CyberKongz neighborhood, allows homeowners to make the most of their NFTs in a number of metaverses.
Relating to 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-Based mostly 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
- Complete 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 group. All Genesis CyberKongz holders will get 10 BANANA tokens every single day for the following ten years as a thank-you for his or her early help of the venture. These tokens could also be redeemed for money, used to breed Child CyberKongz, or burnt to present their particular qualities.
Moreover that, NFT holders could rename their NFTs by investing in some BANANA tokens. All holders can even get entry to a personal Discord channel for holders solely.
In each alternative, the group clearly prioritizes the homeowners. Homeowners, for instance, have full NFT industrial rights to the 2D and 3D variations of their CyberKongz. Moreover, the delicate tokenomics within the ecosystem have been created with the intention of benefiting the homeowners in the long run. Customers may 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 following 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 an enormous lower from the earlier yr. BANANA is presently held by little about 500 wallets. Nonetheless, with extra usefulness on the way in which, this can be a token to keep watch over.
BANANA could now be used to:
- Write your bio like 100 BANANA.
- 10 BANANA is a customized title.
- VX Kong title adjustments price 2 BANANA.
Play & Kollect
Other than Child and VX Kongz, Play & Kollect Jungle Journey is their second main deliverable for holders. Holders could take part within the Polygon Community with minimal to no fuel bills or concern about environmental results.
CyberKongz VX homeowners could kind crews of 1 to 5 individuals 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 justifiable share of the goodies.
To start with, every crew has one free tour every single day. Holders could purchase sources at no cost by consuming the gasoline rod they receive for his or her crew. After that, every additional useful resource assortment journey you ship your group will price 0.4 BANANA. Furthermore, the pool of extra BANANA that can accrue on account of holders sending their personnel on additional missions will likely be returned to the neighborhood. 50% will likely be added to the season’s prize pool, 10% to a neighborhood treasury, and 40% will likely be burnt.
Deflationary mechanisms, in addition to gamified usefulness, could restore BANANA to its former standing as a passive producing goldmine.
Roadmap
The group has already accomplished quite a few milestones on its plan. This covers creating metaverse playable variations, acquiring land in The Sandbox, establishing neighborhood governance, and making 3D printable obj recordsdata. There are additionally different ongoing initiatives, comparable to Play and Kollect and Kongz Tank.
Jungle Journey, a blockchain sport through which holders could achieve totally different in-game incentives, is included within the Play and Kollect. Gamers will use their CyberKongz VX to gather Kongium and redeem rewards comparable to BANANA and distinctive NFTs on this sport.
Kongz Tank, then again, is basically an NFT counterpart of the favored TV present Shark Tank. The group is at all times in search of new expertise to assist them create video games and interactive experiences utilizing the Play and Kollect applied sciences. All video games will likely be launched on the Polygon Community and may be partially off-chain.
The group additionally works along with organizations comparable to The Sandbox, MetaKey, Uniqly, Solarbots, and World Webb. They’ve additionally simply employed UFC veteran Chuck Liddell.
CyberKongz has knowledgeable the neighborhood 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 presently in growth.
- Degree 2 (The Banana Store): Gamers can even be capable of 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.
The right way to purchase Sappy Seals NFTs?
You should purchase these NFTs on marketplaces like OpenSea and LooksRare.
Workforce
The group has not been utterly doxxed, and quite a few group members stay anonymous. This venture’s mad scientist and artist is Myoo. They’re now arduous at work, along with a group of builders and core members, to assemble the longer term.
Neighborhood
CyberKongz has an enormous and diversified neighborhood on social networking networks. Furthermore, CyberKongz fashioned a Kongz council of lively neighborhood members who would take the position of the neighborhood in venture growth and orientation actions.
Do you have to personal Sappy Seal NFT?
When it comes right down to it, this debate is turning into extra fascinating. Recent initiatives are being launched every day. And there are undoubtedly some contemporary 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 flooring worth throughout 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 flooring 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 could 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 take a look at the ground worth. They earn a yr’s revenue passively and proceed to obtain worth from the builders.
CyberKongz is certainly a blue-chip assortment that will likely be round for a very long time, if not eternally.
Conclusion
Over time, the widespread imaginative and prescient of advancing CyberKongz as a community-based initiative advanced. Among the greatest builders and specialists within the NFT and De-Fi area could also be discovered within the group. Who contributed their skills and energy to the event of the neighborhood’s concepts? The BANANA coin was produced rapidly, giving genesis CyberKongz the potential to earn 10 BANANA every single day for the next ten years. Homeowners could give their CyberKongz attributes comparable to a novel title and biography by burning a specific amount of BANANA, in addition to breed and incubating considered one of 4,000 randomly created Child CyberKongz with numerous qualities and rarities.
From then, CyberKongz VX was seen because the pure subsequent step. With so many individuals desirous to discover the metaverse, the NFT proẹct understood they wanted to convey the jungle to life and put the swing into motion.
DISCLAIMER: The data on this web site is offered as common market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.
