CryptoPunks maker Larva Labs launches their new NFT project, Meebits – ClearTips

CryptoPunks maker Larva Labs launches their new NFT project, Meebits – TechCrunch

One of the most popular NXT projects on the web, the creator behind Cryptocurrency, just revealed his latest project called Meebits. The project consists of 20,000 procedurally generated 3D characters based on the Ethereum blockchain.

There are 3D Avatar NXT platforms popping up over the past several months in hopes of gaining momentum and capturing the enthusiasm of crypto buyers, but the traction of the Larva Labs team whose Pixel Portrait cryptocurrencies project netted more than $ 550 million over the lifetime. Chances are this will make the stage another hit. Meebits arrives at a time of peak publicity for its first effort, CryptoPunks, a few weeks before a Christie’s auction that many are hoping to get a price in the tens of millions of dollars. It also comes as Ethereum had one of its best weeks on record, through an all-time high of almost every day this week. Ethereum is currently trading at just shy of $ 3,300.

In a blog post, the creators of Larva Labs say they hope Meebit will eventually serve as an avatar for “virtual worlds, games and VR”. Not only does Meebits boast a revamped art style, but Larva Labs has made some inherent changes to the no-fee marketplace, the most important of which is the ability to customize trades that allow users to engage with each other in more complex Meebit Allow to swap methods.

In my profile of the company’s cryptocurrency project last month, the team’s founders were hoping their new project entry barrier would be lower as cryptocurrencies prices reached stratospheric heights, seemingly doubling the total supply (20,000 avatars 10,000 figures versus cryptocurrencies) Meebits are still set to be a costly affair.

The company is distributing Meebit avatars through a Dutch auction, meaning that the price to buy and mine a Meebit will be reduced by Eth (plus Ethereum gas fees) over the course of a week. Users are currently offering 2.49 Eth to invest a Meebit, a random, current price of about $ 8,500. Nevertheless, about 2,000 of them have already sold out, meaning that the manufacturer has already pulled approximately $ 20 million worth of Eth after two hours on the market.

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