The amount of ETH burned in a single day exceeds OpenSea. What is the NFT project Space Poggers?

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Learn about the gameplay of the newly launched NFT project Space Poggers and the reasons for its popularity.

Original title: “What the hell is the “Space Poggers” that pushes gas fees up by oneself? 》
Written by: Qin Xiaofeng

Early this morning, a project called Space Poggers went on sale for NFT.

The project completed its set goal in less than 20 minutes after it went live; the huge number of users also caused the gas fee of the Ethereum network to soar (from 50 GWei to 625 GWei in 5 minutes). As of press time, the gas fee has been restored to 40 GWei. According to Ultrasound.money data, the project address currently has a cumulative burn volume of 570 ETH, ranking first, surpassing the OpenSea address (473 ETH).

In the NFT market where new projects are constantly emerging, why are Space Poggers highly sought after? Today, Odaily Planet Daily will introduce the gameplay of Space Poggers and the reasons for its popularity.

How to play: NFT is the ticket for the Space Ark

According to the official website, Space Poggers is a collection of animals in the form of NFT based on Ethereum. Each Space Pogger is a cute and unique animal image.

The amount of ETH burned in a single day exceeds OpenSea. What is the NFT project Space Poggers?

Space Poggers designed an interstellar adventure background: an alien civilization inhabited in the Artemis galaxy, an accident occurred and the civilization was about to be destroyed, and the remaining 12 tribes gathered in the Space Ark (The Space Ark) , Started an adventure in the unknown universe.

According to the setting, Space Poggers NFT is a ticket to board the Space Ark. Each tribe has 1,000 Pogger NFTs, so the total number of NFTs is 12,000 (note: the current total number of smart contracts is 11,686).

The amount of ETH burned in a single day exceeds OpenSea. What is the NFT project Space Poggers?

Users holding NFT can also participate in activities or competitions on behalf of the tribe and receive ETH rewards. In addition, having Space Poggers NFT can also get other rights, including exclusive membership experience, NFT airdrops and branded merchandise, etc. At the same time, Space Poggers will actively cooperate with creators in the NFT community through various artistic media (including animation, music, Artwork, etc.) to develop the Space Poggers universe.

If users want to buy NFTs, they can use decentralized wallets (such as MetaMask, Portis or WalletConnect) to purchase, and each NFT is priced at 0.07 ETH (approximately $210); if they want to buy multiple NFTs at once, then (wholesale) The price can be reduced to 0.05 ETH ~ 0.07 ETH.

According to the official roadmap, when NFT sales reaches a certain value, related functions will be unlocked:

  • 10% of the total sold, hiring community writers, animators, and musicians to start Space Poggers’ world construction;

  • Sell ​​25% of the total, announce the limited edition 13th Pogger tribe, and establish a space portal to reward community members who have collected all 12 Poggers before August 15;

  • Sell ​​50% of the total amount and launch the first tribal event. NFT holders will team up as a tribe and compete to win ETH and more Poggers;

  • 75% of the total sales, launch a member-only merchandise store, and provide limited edition equipment as a reward to token holders;

  • 100% of the total sale, all token holders will be invited to participate in the competition-the grand prize is Tesla Model 3; in addition, the team will also donate $100,000 to selected charities.

In the future, Space Poggers will also launch a liquidity mining pool, hold a Space Poggers conference, and provide accelerators, supporting applications and more for NFT creators.

Hot on the line, but the episodes continue

Early this morning, Space Poggers officially launched the NFT sale. According to the official introduction, the project was sold out in just 20 minutes after it went online. “We sold out in less than 20 minutes! Thank you for your support. We will do our best to make the space ark embark on a glorious journey.”

The huge number of users also caused the gas fee of the Ethereum network to soar, from 50 GWei to 625 GWei within 5 minutes; as of press time, the gas fee has been restored to 40 GWei.

Network congestion has also led to an increase in user transaction costs. Some users have reported that although the NFT is priced at 0.07 ETH, the gas fee paid by themselves has reached more than 0.08 ETH. As follows:

The amount of ETH burned in a single day exceeds OpenSea. What is the NFT project Space Poggers?

According to Ultrasound.money data, the project address currently has a cumulative burn volume of 570 ETH, ranking first, surpassing the OpenSea address (473 ETH). On the OpenSea website, Space Poggers NFT’s current lowest minimum transaction price is 0.19 ETH, which is 2.7 times the initial price; less than 24 hours after the launch, the cumulative transaction volume reached 405 ETH.

It should be noted that Space Poggers NFT currently fails to display its style on all major platforms (it looks like a blind box), and only the rarity parameters of the relevant NFT can be seen. The root cause is that the project failed before it went online, causing the related NFT to not be displayed temporarily.

The amount of ETH burned in a single day exceeds OpenSea. What is the NFT project Space Poggers?

The official announcement shows that Space Poggers originally planned to keep three special NFTs as a surprise, but when they recalculated the rarity distribution and re-exported the pictures, a malfunction occurred, resulting in the need to re-export the entire series and re-upload to lPFS.

“Unfortunately, this error means that it may take up to a week for us to show your Space Poggers. We considered postponing the official launch time by one week, but we think it would be worse for those who stay up late. An additional injury. We hope that you will continue to support the Space Poggers team because we are working hard overtime.”

In addition, during the official snap-up process, Space Poggers broke down again, and an error occurred in the front end of the Tier3/Tier4 transaction, which resulted in the loss of the user’s ETH. However, the officials also compensated these users. “We are tracking 274 transactions, and we have also tracked the transactions that lost money on Gas fees due to the end of the sale, and used refunds to solve the problem. We have issued the first round of compensation and sent to the front end of our Tier3/Tier4 transactions. Community members who lost ETH due to their mistakes returned more than $1.5 million. In addition, we will airdrop Space Poggers to those affected.”

Although this sales situation is full, Space Poggers is trying to obtain users’ understanding through transparent, open and fast processing. Below its tweets, users have left messages in support.

Why did it suddenly become popular?

The popularity of Space Poggers (mainly raising the Ethereum handling fee) can not help but recall the scene when “Crypto Cat” was launched, but the reasons for the popularity of the two are not the same.

As the originator of ERC-721, “Crypt Cat” opened up new usage scenarios for Ethereum in 2017 when the application was absent, and it also ate early NFT dividends. The popularity of Space Poggers today is more due to the celebrity effect of the founders behind it.

“This project comes from some like-minded NFT advocates in NiftyWhale and the social audio app Clubhouse. We embrace a common vision: to build an iconic brand on the blockchain to attract, entertain and educate a broad audience. Our The goal is to work together to accelerate the adoption of NFTs, realize their full potential, and form a lasting community that celebrates creativity,” said the official announcement.

From the perspective of team members, the Space Poggers team is led by NiftyWhale, with NateBear as the art director.

Focus on NiftyWhale. He is a well-known collector, writer and speaker in the NFT field. He has 22,000 fans on Twitter, and these fan groups are very sticky, and he basically focuses on the NFT track. He also often shares his thoughts on NFT on Twitter, with a high volume of likes and comments.

The amount of ETH burned in a single day exceeds OpenSea. What is the NFT project Space Poggers?

NiftyWhale once wrote a self-introduction, briefly explaining his background: he is a serial entrepreneur and became an angel investor after financial freedom; he has been collecting NFTs since November 2020, and he founded Nifty in March 2021. Whale, to support artists, creators and the NFT community, currently spends 10 million USD on NFT.

Since two weeks ago, NiftyWhale has announced Space Poggers NFT sales on Twitter. The big V effect is the first, and it also pave the way for the user base for this project.

Of course, for more ordinary users, the pricing of Space Poggers this time is relatively cheap, which is also an important factor in stimulating enthusiasm for participation.

On the one hand, currently well-known NFTs have dozens or hundreds of ETH at every turn, and they are not marketable, and have poor liquidity, which is not suitable for ordinary users to participate; on the other hand, the unknown NFT imitation disks are not well-known despite their low prices. It’s not high, nor does it meet investment expectations. In this case, Space Poggers, which is blessed by celebrities and is not expensive (0.07 ETH), seems to be a good choice.

The combination of multiple factors contributed to the popularity of Space Poggers this morning.

Source link: www.odaily.com

Disclaimer: As a blockchain information platform, the articles published on this site only represent the author’s personal views, and have nothing to do with the position of ChainNews. The information, opinions, etc. in the article are for reference only, and are not intended as or regarded as actual investment advice.

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