Conflicting Developments Behind the Launch of Nakamigos Cloaks

Nakamigos is one of the collections that has been quite active recently. From revealing a few hints to the community when posting the words Fall Coming, the development team recently officially announced the launch of a new collection called Nakamigos Cloaks. In this article, let’s join Weakhand to learn about Nakamigos Cloaks and the developments surrounding the launch of Nakamigos’ new collection.

Before jumping into the article, everyone can refer to some of the following articles to understand better.

• What is Nakamigos? Overview of the Nakamigos NFT collection
• What are NFTs? All about NFTs
• 12 Types of NFTs: From Art to Memes

What is Nakamigos?

Nakamigos is a collection of 20,000 NFTs deployed on Ethereum with Pixel images inspired by the popular CryptoPunks collection. Each NFT in the collection is 24 x 24 in size similar to CryptoPunks, in PNG format with a resolution of 2000 x 2000 px and carries 16 different features that represent the owner’s personality.

Nakamigos was launched in March 2023 by an anonymous collective called HiFo Labs. There is little information available about the development team although a Blog post states that Nakamigos was created by an OG crypto artist with many years of experience in the digital art field. There were also some rumors that the project was connected to CryptoPunks creator Larva Labs because of its aesthetics, although the founders quickly quashed this rumor.

The collection gives Nakamigos NFT owners full commercial rights to their characters. From the beginning, the project has collaborated with influencers in the NFT market such as: Sartoshi – Creator of the famous NFT collection mfers, artist Beeple to market and enhance the value of his collection. me.

Introducing Nakamigos Cloaks

Nakamigos Cloaks is a collection of 20,000 NFTs deployed on Ethereum with the familiar Pixel-like images that make up Nakamigos’ identity. Each NFT is still sized 24 x 24, a PNG format with a resolution of 2000 x 2000 px similar to what we see in Nakamigos. The collection includes 200 different character traits and is distributed according to the following rarity structure:

1, Main character: Includes human and wolf-like characters. There are 3 types of humanoid characters including: Warriors, Knights and Archers. In which archers are a bit rarer than warriors and knights, there are also sub-types such as Witches and Wizards.

Each humanoid character is also a member of one of seven races: Water, Sky, Earth, Steel, Crystal, Fire, and Dark. These clans are all roughly equal in number except the shadow clan which is less common.

2, Attribute level: Each character has an attribute level marked by 3 separate colors including:

• Red = Strength/energy
• Green = agility/speed
• Blue = magic/wisdom

These levels range from 1 to 99 (lowest to highest). Within these, warriors tend to have high strength stats, especially with certain traits like shoulder gear. Archers (especially Wild Types) are known for their agility and speed. Knights tend toward an overall combination of the above two types. In terms of magical power and wisdom, characters with experience or possessing the trait have the Robe of Enlightenment or Mage’s Robe.

4, Rares: Are six types of non-human characters including: Arctic Wolf, Komodo Dragon, Yin-Yang, Cheetah, Bat and Black Panther. Of these, Bats and Black Leopards are the rarest. Additionally, attribute levels also apply to all of these characters.

For example: Cheetahs have the highest level of agility/speed in the collection.

5, Items: The collection includes a variety of Items, some of which greatly affect attribute levels. These Items include Amulets, Emblems, Swords, and Medicines.

Holders of the Nakamigos Cloaks NFT include any creator, company or organization that has the right to incorporate the Nakamigos Cloaks characters into any game, Metaverse under the license terms herein.

Below is some information about the upcoming Nakamigos Cloaks sale:

Early Access Mint (Nakamigos Snapshot)

• Sales opening date: September 21, 2023
• Time: 12pm – 3pm EST (ie 11pm to 2am the next day)
• Mint price: Free
• Eligible Wallets: Those holding Nakamigos NFT before 11:59pm EST on September 19, 2023.

Public Mint

• Sales opening date: September 21, 2023
• Time: 4pm EST (ie 3am on September 22, 2023).
• Mint price: 0.05 ETH
• Eligible wallets: Everyone can mint.

Another point to note is that Nakamigos Cloaks will apply a royalty fee of 5% for each NFT sold in its collection.

Roller Coaster Ride From Nakamigos Floor Price

It can be seen that the development team has prepared quite carefully for the launch of Nakamigos Cloaks. Initially, it was a rather hidden photo posted to Twitter on August 2, 2023 with the content “Fall is Coming” reminds many people of the Game of Thrones series “Winter is Coming”.

There is a new character in the photo and this is exactly the Nakamigos Cloaks that users will soon see and the follow-up tweet about Nakamigos is half way there and will follow later this year.

The hidden words given have made many people expect the launch of the next collection or some event to promote Nakamigos’ growth. This has been reflected in the floor price of Nakamigos, which since the impact of the Azuki collapse has had an impressive recovery and growth from around 0.2 ETH to a peak of 0.44 ETH.

However, everything almost collapsed when Nakamigos announced the launch of Nakamigos Cloaks on September 14, 2023 and caused the floor price to decrease by 50% in just a short period of time. The cause of this sharp decrease is that Nakamigos applied a mint price of 0.05 ETH for both holders and users participating in the Public mint round. This makes Nakamigos holders feel like they do not have many benefits except that they can participate in minting NFTs earlier than others.

Some members have expressed their disagreement about the sale process of Nakamigos Cloaks on Twitter.

However, just a few hours later, seemingly understanding the situation, the development team revised the sale opening to say that Nakamigos NFT owners will receive mint Free NFT Nakamigos Cloaks and this has almost allayed all criticism and even created fomo for those who don’t own Nakamigos that they can buy NFTs and mints Free Nakamigos Cloaks. But one thing that I need to note for those who intend to buy Nakamigos is that you may have to suffer a loss if Nakamigos drops in price and owning NFTs does not guarantee that you have a chance to mint Nakamigos Cloaks NFTs so everyone People need to consider carefully before making their decisions.

summary

In general, even though the market is not as supportive as it is now, the appearance of Nakamigos Cloaks will be a breath of fresh air for Nakamigos and will be a part for the team to develop many activities and stories surrounding it. its ecosystem in the future.