Monkeyland: Metaverse NFT Game
The Monkeyland, a Metaverse game, has launched its NFT, taking social circles and many communities by storm. It has also attracted the involvement and interest of numerous KOLs and big Vs.
The Metaverse is rapidly evolving. Big names in technology, such as Facebook, Google, Microsoft, Apple, Sony, Tencent, and Huawei, have already implemented the most popular concept, "Metaverse".
What is Monkeyland?
It is a collection of 3,999 ERC-721 non-fungible tokens on Ethereum. It is a monkey experimental P2E NFT game in which 3,999 monkeys are built, trained, and watched grow in the Metaverse. Monkeyland tokens can be earned by winning or engaging in other people's games.
The popularity of "Monkey" NFT
The Monkey is immensely popular in the market and is generally in the top ten NFTs preferred by users. Monkey-related tokens have become a social media trend. They have attracted many celebrities, big Vs, famous athletes (including NBA Rookie of the Year LaMelo Ball), and other influential people to participate.
This "Monkey" NFT's east wind naturally blows to Monkeyland NFT. Aside from the hot market caused by the overall environmental situation, the founder of Monkeyland put in place a detailed roadmap before the project's launch, clearly explaining its ownership. The advantages of NFTs include ground monitors, snipers, liquidity pools, and contract manufacturers.
The wealth effect of Monkeyland NFT
NFT projects with "ecological" attributes are becoming increasingly popular as NFT participants become more interested in projects with utility (rather than just a piece of digital art).
When people purchase digital tokens, they are very concerned with whether they will make money, which sometimes exceeds their liking.
An NFT project will unavoidably draw attention from the outside world if it has a significant wealth effect. There are numerous examples of "small investment, big return". For instance, NBA Top Shot gained popularity after a LeBron James NFT card sold for a handsome $100,000.
Monkeyland has the same genes. You can make huge profits if you purchase the first batch of the NFT. There is still ample room for profit in the secondary market if you have a good eye.
Within three hours, the Otherside Metaverse sold 55,000 units of Monkeyland tokens, also recognised as the Otherdeed. The land cost 305 ApeCoin, worth about $5,800 at the time of minting, and grossed $317 million.
55,000 of the 100,000 Otherdeed NFTs have been purchased by more than 27,000 users, with the remaining 45,000 included in the airdrop open to existing BAYC and MAYC NFT holders.
Customers were required to complete a Know Your Customer (KYC) verification of NFT to arrive in the virtual world of the Otherside metaverse.
Holders of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) were free to claim Monkeyland for 21 days. According to Etherscan block explorer data, the Otherdeed sale increased the GAS fee on the Ethereum blockchain to 8,000 GWEI.
The community effect
People with Monkey-related avatars have recently been seen on social media platforms. Monkeyland has a booming market and attracts a variety of big names in the business and movie industry due to its community effect.
Before this, it was challenging to imagine an NFT project that would inspire thousands of individuals to promote it voluntarily and actively and even express their love by changing their avatars.
Is it a promising investment?
Monkeyland, the Metaverse game, promises huge profitable returns to its holders. The monkey avatars have taken social media by storm. Looking at the Monkey NFTs craze, we can say Monkeyland NFT can be a promising investment in the long run.
But, it is always suggested to conduct in-depth market research before investing.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.