Capsule House Changes Game Plan for 2023

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Capsule House is reforming its parent company Yokai House Inc. into an LLC with equity redistribution for holders as it seeks to combat the macroeconomic environment, according to a recent Twitter thread from the team.

Why It Matters: Traditional NFT projects are now burdened with declining revenue sources. Royalties are running dry. Investment in the web3 space is slowing. Capsule House is changing the way its business operates in an effort to overcome these challenges.

What It Means: The founders are not stepping down. All founders remain onboard. This is simply a refresh of the team's "mindset and pacing."

Instead of pursuing a feature-length anime film, merchandise, mangas, and additional storytelling content, Capsule House is now focused on producing art more sustainably, including the community in its sustainability efforts, and following through on its promises to holders.

In Q1 of 2023, Capsule House will roll out:

A special 3D pixel world
the Capsule Codex website
the remaining Bouquets for each species on Secret Garden
And, an anime trailer

The Big Picture: Capsule House recognizes it can no longer succeed by following "the traditional NFT project playbook." Rather, it will innovate and scale back its ambitions to create a more realistic and fruitful 2023 for holders.

Author Bio

Jason Bales

Jason is an NFT lead at Lucky Trader. He has been involved in the NFT space since CryptoKitties in late 2017 and got involved in NBA Top Shot in early 2021 (Series 1 Legendary From The Top LeBron James Block, anyone?). Now, he spends most of his days yelling, "get off my lawn" at the PEPE and Nakamigos kids.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.