A highly anticipated NFT project, created by the artist behind the Bored Ape Yacht Club, will soon be made accessible to the public on the Ethereum platform.
A new NFT project dubbed the Sneaky Vampire Syndicate is being launched by a digital artist known as migwashere. 8,888 NFTs will be produced during the next several weeks.
Our Discord server has now passed 10,000 members! The Lair is growing by the minute 🧛
We thought we'd give our Vamps something special today, enjoy two more previews of what's to come 🦇 pic.twitter.com/wQxbhLelH8
— Sneaky Vampire Syndicate (@SVSNFT) September 2, 2021
The Vampire NFTs (ERC-721) uses pictures of cartoon vampires, which are issued as tokens on the Ethereum network. At a price of 0.08 ETH each one, or roughly $313 each, they will be minted by users. Almost 20,000 people have already joined the project’s Discord channel since last Tuesday.
Sneaky Vampire Syndicate’s Creation of a Vampire Community
It seems that there is a similar trend in regards to cartoon caricatures, specifically with the Bored Ape Yacht Club NFTs that sold for several million dollars at a Sotheby’s auction this week. The same thing is happening with the Sneaky Vampire Syndicate, which is a tokenized group of generative cartoon portraits. These artworks are hand-drawn by artist migwashere, who also worked on BAYC.
After the NFTs have been distributed, the project intends to create a 2D side-scrolling game that is focused on NFTs. Static City Games, an independent game development company, is in charge of making the game.
The growing popularity of avatar NFTs aids SVS and BAYC, who are able to build more robust online communities by merging fan clubs and shareholder groups.
400 individuals who have been involved with the project on Discord or Twitter will be able to mint up to two vampire NFTs before the project launch. At now, the team is whitelisting about 25-30 individuals a day.
The Sneaky Vampire Syndicate also hosts giveaways and contests for whitelist spots. Currently, they are holding an art contest with 8 whitelist spots going to the winners. Users have created many different derivatives of art from the syndicate.
SVS will be hosting a derivatives competition for our Vamps! Full details are in our Discord server, 8 winners will be selected for the whitelist in 2 days.
20k members in 4 days isn't too bad either!
Good luck! 🧛 pic.twitter.com/hRhIQrHuCn
— Sneaky Vampire Syndicate (@SVSNFT) September 5, 2021
What are NFTs and What Do They Do?
In brief, NFTs provide a blockchain authenticity certificate for a digital asset or art work. The excitement over non-fungible tokens (NFTs) has grown significantly, hitting unprecedented heights with sales of $250 million in the digital market in 2020, with Visa, Warner Music Group, and Nike joining the fray.
Digital art and tweets are being sold as non-fungible tokens (NFTs) due to the popularity of the mania. Even those businesses that specialise in beer, such as Budweiser, are riding the current NFT wave.
The value of NFTs requires a little of imagination. With most using the Ethereum blockchain, an NFT is a special digital token that keeps a record of transactions. Bitcoin and Ethereum are fungible (i.e., exchangeable for other Bitcoin), while NFTs are non-fungible, meaning they are unique and cannot be replaced with something else. Cryptocurrency and NFTs are stored in a digital ledger in the same manner, so each one is documented as belonging to a certain person.
What distinguishes an NFT is the digital asset that is associated with the token. The NFTs are made when a picture, video, tweet, or piece of music is posted to a marketplace. The concept of ERC-20 tokens was implemented in 2015, but their mass adoption of NFTs began this year.