Draft:CyberKongz

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CyberKongz
Platform(s)Ethereum, Ronin, Polygon
ReleaseMarch 3, 2021
Genre(s)Collectable

CyberKongz is a community-based NFT project launched on March 3, 2021.[1] The collection encompasses four distinct generations: Genesis CyberKongz, Baby Kongz, CyberKongz VX​​​​ and Genkai.[2]

The original CyberKongz collection, also known as the Genesis collection, commenced with 1,000 unique NFTs, each minted for 0.01 ETH. CyberKongz #810 was retained as a mascot for the project[3]

Within a year of their launch, the value of CyberKongz surged dramatically. By March 2022, the floor price for a Genesis CyberKongz had exceeded 210 ETH[4], propelling the project's market cap close to $100 million​​​​.

Features[edit]

BANANA Token[edit]

A key development in CyberKongz's history was the introduction of the $BANANA token. Genesis Kongz owners can earn 10 BANANA tokens daily for ten years. These tokens are integral to the ecosystem, used for customization and breeding​​​​.[5]

Breeding and Baby Kongz[edit]

Breeding required two Genesis Kongz and 600 BANANA tokens, resulting in Baby Kongz. These 2nd generation NFTs are capped at 4,000 and offer exclusive community features, like specialized Discord servers​​​​.

CyberKongz VX[edit]

The 3rd generation, CyberKongz VX, are 3D voxel-based avatars intended for various metaverses, notably The Sandbox. These avatars feature customizable names, backstories, and offer additional utility within the CyberKongz ecosystem​​​​.

Play & Kollect[edit]

Play & Kollect is an on-chain game hosted on Polygon network launched in early 2022.[6]

In the game, players send their CyberKongz VX in groups, known as crews, on adventure runs in a jungle setting. The main objective is to collect Kongium[7], which players can redeem for various rewards, including the seasonal $BANANA prize pool and exclusive NFTs.[8]

The game introduces unique tokens like Fuel Rods[9] and Lucky Charms[10] to enhance gameplay. Fuel Rods, generated daily by each locked-in CyberKong VX, are used to start adventure runs. Lucky Charms, which are ERC-1155 NFTs, increase the loot potential for the crews, adding an extra layer of strategy to the game.

Sky Mavis partnership[edit]

The collaboration between CyberKongz and Sky Mavis, the developer behind Axie Infinity, involves integrating the CyberKongz universe with the Ronin chain. Ronin, a blockchain developed by Sky Mavis, is tailored for blockchain gaming applications.[11]

CyberKongz has introduced the Genkai collection, a new set of 20,000 anime-inspired collectibles. This collection is split between the Ronin chain and the Ethereum mainnet, with 4,000 Genkai available on Ronin via the Mavis Marketplace and 16,000 on Ethereum.[12]

CyberKongz is moving its on-chain game, Play & Kollect, from the Polygon network to the Ronin chain. This change aims to lower transaction costs for players, potentially improving accessibility and player experience.

Christie's Auction[edit]

In December 2021, Christie's, in collaboration with OpenSea, hosted its first on-chain NFT auction, generating a total of $3.6 million USD.[13] Two CyberKongz, specifically CyberKong #201 and #46, were among the top sales. CyberKong #201 fetched 185 ETH (approximately $793,439 USD), while CyberKong #46 garnered 96.6 ETH (about $414,304 USD). The proceeds from these sales benefitted the Virunga National Park.[14]

Charity[edit]

The CyberKongz NFT auction for Virunga National Park took place on September 24, 2021, in conjunction with World Gorilla Day. This special event featured the auction of CyberKong #Matabishi, an NFT named after a mountain gorilla at the Senkwekwe Centre. Proceeds from the auction were allocated to support conservation efforts in Virunga National Park, a sanctuary for a significant population of mountain gorillas. This auction is part of CyberKongz's broader initiative to aid the park, highlighted by their substantial 50 ETH donation earlier that year.[15]

References[edit]

  1. ^ "FAQ - CyberKongz". FAQ - CyberKongz. Retrieved 2024-02-02.
  2. ^ Editor (2022-03-18). "What Is CyberKongz? We Profile This NFT Project". thenftbrief.com. Retrieved 2024-02-02. {{cite web}}: |last= has generic name (help)
  3. ^ "CyberKongz NFT Collection – Buy & trade CyberKongz". buyNFT.com. Retrieved 2024-02-02.
  4. ^ U, Uzoamaka (2023-07-27). "CyberKongz Partners With Sky Mavis". NFT Horizon. Retrieved 2024-02-02.
  5. ^ "Banana - CyberKongz". Banana - CyberKongz. Retrieved 2024-02-02.
  6. ^ "CyberKongz Play & Kollect documentation".
  7. ^ "Kongium".
  8. ^ "CyberKongz Adventure runs".
  9. ^ "CyberKongz Fuel rods".
  10. ^ "Luckiy Charmz".
  11. ^ Reguerra, Ezra (Jul 25, 2023). "Axie Infinity creator to develop new game in partnership with CyberKongz".
  12. ^ Network, Ronin. "Introducing: the Genkai Mint on Ronin's Mavis Market". blog.roninchain.com. Retrieved 2024-02-02.
  13. ^ "Christie's x OpenSea Generates $3.6 Million USD in NFT Sales". Hypebeast. 2021-12-08. Retrieved 2024-02-02.
  14. ^ "Christie's press release. Block Party: Encountering NFTs in the Middle East 7-29 March at Christie's Dubai" (PDF).
  15. ^ hanna (2021-09-20). "CyberKongz NFT Auction for Virunga National Park". Virunga National Park. Retrieved 2024-02-02.
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