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Nft hype bears

nft hype bears

Bored Ape Yacht Club, Azuki, CloneX, and others.

The following is a deep dive on Okay Bears and everything there is to know about the collection.

What Are Okay Bears NFTs?

Okay Bears is a collection of 10,000 non-fungible tokens released on the Solana blockchain back on April 27th at a price of 1.5 SOL each (worth $xx on the day of the mint).

In a convincingly attractive and enjoyable way, the project’s manifesto hints at the team’s true intentions behind the collection – namely, to create a relaxed and vibrant community where the focus is on progress, “good vibes,” and acceptance.

In a bid to release more than just a roadmap, the team has created the so-called blueprint for the Okay Bears community:

As seen in the above image, the Okay Bears ecosystem is made of a few different avenues, each one with its own intention.

Nft hype bears

Some collectors expressed their gratitude towards Abraham.eth for sounding the alarm.

Aside from the blockchain records, the team also has questionable business decisions. For example, they only purchased a 1-year registration for the domain, which is only worth $5.
So it says much about a brand that’s looking to be around in the long term. He also queried through the smart contract himself and found zero IPFS data.

He also questioned why the team is leveraging so much on whitelists and positioning it as a partnership.
For him, it is not sustainable and adds no value because there should be synergy between the partners. Abraham.eth is definitely done with HypeBears.

Hype bears nft opensea

A wise man once said:

“If you’re not first, you’re last.”

And judging by their mint date, I think Hype Bears are fans of Ricky Bobby.

If they mint before Invisible Friends, I think they sell out, even at a 0.4 ETH mint price.

If Invisible Friends sneaks in and mints before at a lower price, that could be bad news for Hypebears.

So I think this is a timing play. Obviously Hypebears has a lot of, well, hype behind it right now, and I think it can do very well in the short run.

I am not whitelisted for it currently, but if I was, I would very likely mint unless something like Invisible Friends mints before and steals it’s thunder in which case I would just pay attention to the secondary market on mint day and see what’s going on there to inform my minting decision.

That’s just my opinion.

Feel free to disagree.

Hype bears nft discord

Now, one thing that’s maybe slightly disappointing is that no portion of the sales price is going back to $HYPEB holders; instead, holders only get 50% of the platform fee.

They go on to talk about staking NFTs to earn $HYPEB.

A staking UI will be created, everything will be accessible on our website.

I haven’t really been able to review this because the website is not live yet, but perhaps that’s a security measure.

PFP Mint

One thing I don’t like about the looping NFT trend is the fact that you can’t set it as your PFP.

What Hypebears did to accommodate this was create a PFP version of all minted NFTs. So minters will get a looping NFT and a PFP NFT.

We all know how hot Profile Pictures (PFPs) are in this space.
All holders of #HYPEB will be able to mint a free 1:1 PFP after launch.

Hype bears nft price

Bored Ape Yacht Club, Azuki, CloneX, and others.

The following is a deep dive on Okay Bears and everything there is to know about the collection.

What Are Okay Bears NFTs?

Okay Bears is a collection of 10,000 non-fungible tokens released on the Solana blockchain back on April 26th at a price of 1.5 SOL each (worth $150 on the day of the mint).

In a convincingly attractive and enjoyable way, the project’s manifesto hints at the team’s true intentions behind the collection – namely, to create a relaxed and vibrant community where the focus is on progress, “good vibes,” and acceptance.

In a bid to release more than just a roadmap, the team has created the so-called blueprint for the Okay Bears community:

As seen in the above image, the Okay Bears ecosystem is made of a few different avenues, each one with its own intention.

Hypebeast nft mint

Sold-out collection HypeBears finally revealed their art yesterday but the bigger surprise was the dodgy transactions uncovered by an eagle-eyed NFT enthusiast. Abraham.eth created an extensive thread backed up by Etherscan transactions to warn the NFT community.
He was a former NFT holder and now thinks that the project is a possible rug pull!

HypeBears’ Questionable Transactions and Decisions

According to Abraham.eth, the team withdrew over $10 Million in ETH from the mint sale into centralized exchanges like Binance US and FTX. He argues that this was not in any way a reasonable decision because doing so eats some short-term capital gains tax of 50%.

Hypebeast nft review

Hypebear holders who have staked tokens will enjoy opportunities to purchase these attractive assets.

The benefits for the Hypebear community have already begun. From March/April 2022, Hypebear holders will be able to add limited-edition merchandise to their collections.

Brand collaborations and partnerships in the works

As the influence of NFTs continues to grow, Hypebears is exploring future projects with luxury fashion and apparel brands.

While still in early stages, discussions have begun to bring Hypebear NFTs beyond digital art, expanding into fashion, technology, and toys.

“What we have built here is unlike any other. The Hypebears movement is real and the potential we see is limitless.

We look forward to taking the NFT space by storm”, says Ernest Siow.

Hypebears is a classic 10,000 collection by Ernest.

Let’s break it down.

The Bear Market

In a clever and perhaps somewhat coincidental wordplay (because we’re amid a crypto bear market in May 2022), the Bear Market represents “an ecosystem of web 3, web 2, and IRL (in-real-life) sales channels, exclusive for Okay Bears holders, built through robust partnerships with industry-leading brands.”

Some of these channels include:

  • Magic Eden (a marketplace on Solana)
  • Token-Gated eCommerce – access to exclusive merchandise through a Shopify integration for holders only.
  • IRL Okay Bears Pop – this represents real-life activations by means of flash pop-up stores in cities throughout the world and on certain conferences.

Workshop

The workshop is where work gets done.

Since launching on 2 February 2022, new NFT collection, Hypebears, has been embraced by more than 300,000 NFT collectors. With each asset priced at 0.4 ETH, the fully white-listed mint with more than 10,000 buyers has now reached a sales record of $40 million.

Featuring 10,000 static and animated 3D avatars of bears, the project was a hit with enthusiasts all over the world who actively participated in the Discord community, Hypebears Raffle, and fan art contest for a spot on the whitelist.

The recent project’s success is just the beginning. Founder of Hypebears, Ernest Siow says

“We want to go one step further.

Nft hype bearson

It seems like they plan to create a high-profile community by pricing people out of the project early.

Honestly, I liked the project, but now with a 0.4 ETH mint price, it’s starting to feel a bit cash grabby to me.

Let’s dive deeper to see if their future plans justify their claims.

Want to Make Money With NFTs?

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In this community, you get access to:

• A private Discord community of likeminded NFT profiteers • Whitelist opportunities to hyped NFT projects • Early intel on what NFT projects I will be covering on my NFT-focused YouTube channel • And a lot more!

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5/5 Rating

Tokenomics

50% of all royalties from Hyperbears go to a vault, and a governance token will be introduced – $HYPEB.

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