A snapshot of Degenheim owners is coming next week, according to the project, and top holders and those with 1/1s will receive one of 500 Degengrounds NFTs.
One-hundred Degengrounds, which are the ecosystem's land NFTs, will be airdropped to the top 50 holders and twelve 1-of-1 holders, the project said in a Discord announcement.
The project said that users should combine their Degenheim NFTs into one wallet if they own them across multiple wallets.
The highly anticipated reveal of popular NFT project Degenheim is now happening in "one hour, possibly sooner." Head over to OpenSea to see the new artwork when it reveals.
"Attention Degens, your boxes have changed and are on the brink of collapsing," the team teased five hours ago on Twitter. "Containment of absolute peak degeneracy is failing. It's only a matter of time before they burst open."
Then, 50 minutes ago, the team issued a final warning, adding a 1-of-1 animated NFT teaser to the tweet.
"The boxes are on the verge of breaking down," the team wrote. "Within 30 minutes, they will be unable to contain all the degeneracy in them."
But the team is experiencing technical issues.
"Pinata ... rugged our upload multiple times due to [the] 25GB folder size cap (collection has 23.8GB)," the team wrote on Twitter. "We already have a solution and the collection is being uploaded; online within [one hour], possibly sooner."
Headed into the reveal, Degenheim established a floor price around 0.09 ETH. There were 27 sales in 30 minutes following the final reveal warning. The floor price dropped when the 30 minutes past and the team was silent about the technical issue, but it has since rebounded to 0.91 ETH at the time of writing.
The project is "founded and developed by seasoned experts from the gaming industry," according to its OpenSea description. There are already two official lore trailers released, and Degenheim is partnered strategically with CyberKongz, Neo Tokyo, Llamaverse, EtherOrcs, OpenDAO, and others.
"Imagine having the fun of playing Diablo, Hades, Path of Exile, Lost Ark etc. within a world where virtually anything in-game can become an NFT," the projet's website reads. "That is Degenheim."
Degenheim, a new NFT project that ranks number 12 in our weekly trading volumes, announced Phase 1 of its reveal will start later today.
Self-described as a fully gamified play-to-earn project, Degenehim dropped a collection of 7,777 unrevealed NFTs just five days ago for 0.08 ETH each.
The collection quickly rose to a 0.19 ETH floor but has fallen ahead of its reveal to a floor price of 0.11 ETH at the time of writing.
At present time, each NFT is represented as an unopened box with various hazard and biodegradable waste stickers. In the animation, a handful of animal-like creatures can be seen peeking their heads out from the sides of the box.
More information about the reveal and any additional phases is expected to come later today.
Lucky Trader will update this post with more.
Allowlist members for Thursday's sold-out Degenheim mint who were unable to buy will be reimbursed about 0.06 ETH by the project, according to a Discord announcement Saturday.
In order to qualify for the reimbursement, users will need to provide their allowlisted address and proof (screenshots) of "reaching out" (by tickets or any messages in the Discord server) during the 30-minute window — 1-1:30 p.m. — of the Phase 1 WL mint Thursday. Users will need to use the create-a-ticket channel in the Discord to start the process.
The reimbursement is the difference between what Degenheim said was the current floor (0.14 ETH) and the mint price of 0.08 ETH. The current floor price is 0.151 ETH.
Affected users have until Oct. 23 at 11 a.m. to submit their application for reimbursement.
The reveal for the play-to-earn project is set "within a week."
Take a minute to catch up on the latest in the web3 space. Here are today's NFT market analysis, top movers, and upcoming mints:
Tyler Warner's NFT Market Summary
Volume was relatively low again Thursday with 7,500 ETH traded on OpenSea in what feels like our new normal. But trading aside for a second, it was a day stock full of bullish NFT and web3 headlines. Select BAYC and GCG holders will be getting airport VIP lounge access - IRL utility. Two major media companies in Warner Bros and National Lampoon are entering web3 and launching experiences plus digital collectibles. And the leading sports NFT brand NBA TopShot is finally listening to user feedback and introducing a better queue system. Progress is happening.
In trading news, Degenheim led market action Thursday with 1,000+ ETH traded across marketplaces on its debut. The project is more than 2x from its 0.08 ETH mint, sitting at 0.18 ETH. Punks saw 500+ ETH across 6 sales, though the floor remains unmoved at 66.6 ETH. Castaways Islands were the most notable winner on the day, up a whopping 70 percent to 4.8 ETH. Nyolings fell 20 percent after their recent run as did Gangster All Stars, and Anthony Hopkins - The Eternal also fell 17 percent on its reveal (though holding a 0.66 ETH floor is a win).
The most notable loss on the day though was from Otherdeeds, which fell 22 percent to 1.21 ETH after an interview between Punk6529 and Garga revealed that the "persistent world" of The Otherside won't be coming until 2023 (this should not have been a surprise). This is essentially the lowest the floor for the coming Yuga metaverse has ever been.
One interesting side note - folks may have seen Dodoor NFT at the top of volume boards over the past few weeks. The project was strangely trading in the 1-2 ETH range earlier this week with very little market chatter. Well, it appears to have been a scam, and the floor finally fell out Thursday, falling 94 percent to 0.14 ETH. Be careful out there and make sure to do some level of diligence before blindly chasing new projects.
NFT Total Volume*
- CryptoPunks (528 ETH, 66.6 ETH Floor Price)
- Degenheim (406 ETH, 0.18 ETH Floor Price)
- Bored Ape Yacht Club (261 ETH, 75.9 ETH Floor Price)
- Otherdeed for Otherside (255 ETH, 1.21 ETH Floor Price)
- Ethereum Name Service (177 ETH, 0.0 ETH Floor Price)
NFT Floor Price Increase*
- Castaways - The Islands (71%, 4.8 ETH Floor Price)
- Alfa Pass (54%, 0.29 ETH Floor Price)
- Finiliar (40%, 0.33 ETH Floor Price)
- Lazy Lions (34%, 0.43 ETH Floor Price)
- Gents Croquet Club (33%, 11.0 ETH Floor Price)
NFT Floor Price Decrease*
- Dodoor NFT (-94%, 0.14 ETH Floor Price)
- 9dcc ITERATION-01 (-70%, 0.1 ETH Floor Price)
- Otherdeed for Otherside (-22%, 1.21 ETH Floor Price)
- Primitives by Aranda\Lasch (-22%, 0.65 ETH Floor Price)
- Anthony Hopkins - The Eternal (-20%, 0.66 ETH Floor Price)
Upcoming NFT Mints
- Art Blocks Playground: Intersections by Rafael Rozendaal (1:00 p.m. ET)
- MISPHITS (3:00 p.m. ET)
- Azuki Golden Skateboard Auction (9 p.m. ET)
The Art Blocks drop is likely the top mint of today, though recent Playground projects have performed very poorly on the secondary market. With 300 supply and a 0.2 ETH resting price, this one may be a "watch from the sidelines." Then tonight we have the Azuki Golden Skateboard auctions kicking off, as these gold-plated 45-lb beauties go up for sale in a 24-hour auction.
Maybe the biggest event of the weekend will be the Street Machine reveal, which the team opened up to a community vote and appears to be happening at 8 p.m. ET tomorrow night. As one of the top movers in the low-cap sector over the past few weeks, this reveal should see some solid liquidity.
For all volume and floor price data, see Lucky Trader's Project Rankings page.
For all upcoming mints, see Lucky Trader's Project Schedule page.
*data retrieved at 8:00 a.m. ET. Volume and percentages are based on the last 24 hours. There is a 0.25 ETH minimum on the projects listed in this roundup.