The growing Web3 landscape and stronger community are helping NFTs increasingly assert their position in the Crypto market. Compelling storytelling surrounding what’s behind NFT collectibles helps redefine the value of collectibles with rich context. In this article, let’s join Weakhand to learn about Storytelling NFT to see if there is anything special.
Before jumping into the article, everyone can refer to some of the following articles to understand better.
- What are NFTs? All about NFTs
- NFT Monthly August: Gloom covers the entire NFT market
- What is Compressed NFT (cNFT)? New trend for NFTs on Solana
What is NFT Storytelling?
Storytelling NFT is a new form of creativity, combining NFT technology and storytelling. In this, NFT collections are created with a connection to a story behind it. NFT owners can participate in building the story by creating content, connecting with others, and interacting with the world in the story.
What is Storytelling NFT
Storytelling NFTs have the potential to revolutionize the way we tell stories. It allows creators to connect with their audiences in new and exciting ways. Additionally, Storytelling NFT also empowers fans to directly contribute to the project through the creation of stories.
Why NFT Projects Invest in Storytelling
NFT collections do not always attract the attention of the community, especially when the NFT market is going through a cold winter like it is right now. So some of the reasons why NFT projects invest in storytelling include:
- NFT projects can stand out and attract the interest of potential collectors by developing distinctive and compelling stories. As the NFT market becomes more and more crowded, distinguishing NFT origins from one another can be a bit difficult, and projects can stand out from the crowd by using storytelling.
- Storytelling can give context and meaning to NFTs, transforming them from mere digital assets into something more. Projects can assist collectors in understanding the significance of their digital assets by placing their NFTs within a larger narrative.
- NFT projects can grow their brand and attract an enthusiastic following thanks to a strong story. In addition, Storytelling NFT also builds an emotional connection between individuals and things. Projects can strengthen the emotional connection between collectors and their digital assets, and increase the value of their NFTs by developing stories around them.
Types of NFT Storytelling on the Market
Tell stories about cooperation
Some collections have begun their web3 storytelling initiatives with collaborative storytelling. This is a type of storytelling that uses NFTs to enable collaboration between creators and fans. In this, NFTs are used to represent the characters in the story, and fans can purchase these NFTs to participate in the storytelling process.
For example, DC’s Bat Cowl NFT Collection features 200,000 NFTs with each NFT playing a role in storytelling. NFT owners can create their own superhero and vote on important aspects of the story including: Plot, characters and art.
Web comics3
This is another form of storytelling where the NFTs in the collection are designed based on a digital comic book series. This form of storytelling could also help fuel the growth of the digital comics industry by providing a new way for authors and publishers to monetize their work. For example, NFT Collection 0N1 Force is releasing their own series in collaboration with One Piece.
Create awareness through storytelling
This is the least popular type of storytelling compared to the other two including the Magic Mind NFT collection designed to celebrate mental health and self-care by artist Kira Bursky. The collection includes 10,000 NFTs where each image has emotional and mental significance. All proceeds will go to mental health charities and reinvested in the community.
Top Storytelling NFT Collections
Edenhorde
Edenhorde NFT
First on this list is Edenhorde – a media franchise created by Merit Circle. The collection includes 8,800 NFTs created to promote collective world-building and intellectual property. By owning Edenhorde NFT, users are partial owners in the vast world.
Edenhorde is an imaginative world meticulously created over many years. When players enter this universe, they will immerse themselves in an epic adventure involving magic. The game will be designed for players who enjoy rich storytelling, lore-heavy games, exploration, and combat.
Holders of Edenhorde NFTs also benefit directly from the brand, as owners can use the rights to the images associated with their NFTs commercially. Examples of this might include personal branding using images or selling merchandise.
Armored Kingdom
Armored Kingdom
Armored Kingdom is a multi-platform entertainment universe that combines card games, digital comics, animation and movies. The collection is based on a story set in a medieval setting, where different tribes vie for power using Armorite – a powerful and mysterious metal mined by ancient ancestors. The project aims to shape the future of NFT storytelling across the NEAR gaming platform and the vast Web3 world.
Kumite NFT
Kumite NFT project
Kumite NFT is the first collectible created by HeroMaker Studios. Each of the 9,600 works of art was designed by a team led by Clark Huggins and uses the ERC 721 standard to provide full commercial rights.
The collection is based on a story that takes place in the year 2050 when corporations create synthetic creatures called “myths” capable of mimicking human behavior and emotions. The Kumite Vortex 2022 tournament is a unique way of storytelling that drives community engagement and redefines the community’s perspective on NFT projects.
summary
Storytelling NFT brings a new construction idea for NFT projects that want to create community connection and attention. Above is all the information I want to introduce about Storytelling NFT, hope everyone has received useful knowledge.
