Wolf Game Breaking Records

Welcome to The Drop NFT Newsletter. Subscribe and join the discord for breaking NFT news, project breakdowns, & artist spotlights. Thank you for following along on this journey!

What's Dropping ⚡️

• Wolf Game is a P2E (play to earn) NFT project that has been turning heads like no other. The game launched on 11/17 and already has 11,952.2139 ETH in trading volume 🤯 (more on this below)

• JRNY Club NFT for the public drops today dutch auction style.

• Harry Files, an A.I. NFT project that is launching Dec. 7th announced a puzzle race that will be hosted in their discord. The prizes: 3rd place gets 2.5 ETH, 2nd gets 5 ETH, and 1st place gets a whopping 10 ETH!

• Nike dops their "Nikeland" inside of the Roblox metaverse. See here for yourself.

• Crowd sale for $GENE, the utility token for GenomesDAO— a project that uses blockchain and encryption to allow you to monetize your DNA and accelerate important medical research— is live until this Tuesday.

• NFT podcaster and artist Cade Bergman had an epic interview with the CEO and co-founder of the Boonji project. Watch here and make sure to subscribe.

• Neopets (the virtual pet website from the early 2000's) released an NFT collection that went on Solana last week.

Wolf Game 🐺 

Every once in a while an NFT project will come out of nowhere and catch everyone off guard. Wolf Game is a P2E (play to earn) NFT game that launched 11/17/21 and has soared in sales and value. The game theory and tokenomics of this project are unlike anything we have seen before. 

Let me explain it to you as easily as possible: At the launch of the project, you could mint either a wolf or a sheep. The algorithm decides what you mint. At mint, you had a 10% chance of getting a wolf and a 90% chance of getting a sheep. If you got a sheep you then had only a 90% chance of keeping it. If you got your sheep stolen it would go to a wolf holder and the ETH you spent to mint disappeared before your eyes.  As a wolf holder whenever a new mint occurs your probability of getting the stolen sheep is determined by the traits you hold (rare wolves have a higher chance). So let's say you are lucky and mint a wolf or sheep and get to keep it. On the Wolf Game website you can stake your wolf or sheep. By staking (putting in the barn) a couple of things happen. If you own sheep you earn 10,000 $WOOL tokens a day (around $1,890 USD currently). If your sheep aren't staked you don't receive any $WOOL, and if you choose to shear (receive your $WOOL tokens in your wallet) a 20% tax of your tokens goes to staked wolves. Also, there is a 50% chance of your $WOOL being stolen by the STAKED Wolves if your sheep is unstaked. The distribution of these tokens depends on the rarity of your wolf if you own one. There is MUCH more to this project so I highly recommend reading the white paper carefully here.

Most recent updates: This project has grown so much that the team halted the minting of wolves and sheep. On top of this, they have implemented the second stage of the game (seen above) in which land and farmers will be introduced. An NFT holder pointed out a hole in the contract and notified the founder of the project. They have halted the staking and unstaking of wolves/sheep to fix the patch as quickly as possible for the security of the entire community. The announcement of the vulnerability was made promptly and nobody took advantage of the hole. 

Current Floor Price: 4.33 ETH

Total Volume: Ξ12,220.8366

Disclaimer: Wolf Game is a very new NFT project (launched 11/17/21) and this is NOT a recommendation to buy or sell Wolf Game NFTs. The Drop has had zero communication with the Wolf Game team - only observations via Twitter and Discord. Do your homework. 

Full Discloser: The founder of The Drop currently owns (1) sheep. BAAAHHH

OpenSea Stats 

Looks like OpenSea is about to reach 700,000 users!

Givenchy NFTs

Yet another luxury fashion company is entering the NFT space, but this time it's with a PFP collection. Tomorrow the Chito x Givenchy NFT collection will go on sale via OpenSea. It will be a PFP series of 15 digital artworks created by Matthew M. Williams and Chito. The NFT's will be released via Polygon and bidding will last for 7 days. The highest offer on each piece will be accepted on Nov 29th. All proceeds go to charity to clean oceans.

Givenchy's Creative Director, Matthew M. Williams, said “I’ve been wanting to explore this new and exciting space of NFTs. The fact that Chito is already active in the ecosystem made it feel even more natural for us to collaborate on this limited series and bring our collective vision for Givenchy even further.” The art used for the collection was inspired by the Spring 2022 pre-collection (seen above), which can be viewed here. Also, Givenchy may have released the most in-depth FAQ page for NFT newbies in case you need it. No shame.

Meme Drop 💧

Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. 

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