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Okay Bears set up its own validator node on the Solana network encouraging users to stake their $SOL by choosing its node over other validators.
Solana is a proof-of-stake blockchain which works off a system of validators that double-check and update transactions. By setting up the Okay Node, Okay Bears will receive rewards made up of transaction fees based on an <a href="https://docs.solana.com/inflation/inflation_schedule">inflation schedule</a> and how much $SOL is staked.&nbsp;
Users can stake their $SOL through the Phantom wallet and earn 2 percent commission. Validators also help contribute to the decentralization of the network.&nbsp;
To stake with the Okay Node, follow these steps through a Phantom wallet:
<center>
<blockquote class="twitter-tweet">
How to stake <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> on the new <a href="https://twitter.com/okaybears?ref_src=twsrc%5Etfw">@OkayBears</a> node from Phantom wallet: <a href="https://t.co/asQLUVA5a0">pic.twitter.com/asQLUVA5a0</a>
&mdash; TD (@tdaremarquis) <a href="https://twitter.com/tdaremarquis/status/1556659928714067968?ref_src=twsrc%5Etfw">August 8, 2022</a></blockquote>
</center>

Okay Bears Launch Validator Node on Solana

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Okay Bears set up its own validator node on the Solana network encouraging users to stake their $SOL by choosing its node over other validators.

Solana

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Okay Bears

Users can stake their $SOL with Okay Node (or other nodes) through the Phantom wallet, by following these steps:

After teasing its "Founder Coin" initiative throughout the day yesterday, Okay Bears <a title="https://discord.com/channels/948389739671744572/948427854725677097/1003879833052397650" href="https://discord.com/channels/948389739671744572/948427854725677097/1003879833052397650" target="_blank" rel="noopener">formally announced</a>, "Hibernation over .. bears awake to the first Bear Drop!" late last night, around 12:20 a.m., ET.&nbsp;
Founder Coins are 10,000 "unique digital collectibles" that will be airdropped to all bears who completed <a title="https://luckytrader.com/nft/okay-bears/news/okay-bears-launch-hibernation-program" href="https://luckytrader.com/nft/okay-bears/news/okay-bears-launch-hibernation-program">Hibernation</a>. The coins themselves are "one-off combinations of hand-drawn attributes, inspired by the original Okay Bears collection." The coins are randomly assigned a real-world gold value where the coins can be redeemed for physical gold.
The redemption phase is expected to go live in Q4 this year. In order to be redeemable for physical gold, a Founder Coin must have a minimum total of 10 grams. Coins with a total below 10g can instead be exchanged for the equivalent gold value in SOL or USDC. The <a title="https://www.okaybears.com/coins" href="https://www.okaybears.com/coins" target="_blank" rel="noopener">project's website</a> states that the total amount of gold is currently being "secured in an undisclosed world-class storage facility located deep underground in one of Australia's most secure vaults."
These Founder Coin NFTs are part of the project's "Bear Drops" initiative. Bear Drop projects will have a five percent royalty fee, and royalties earned within the first eight weeks of a drop will be redistributed through the project's "Okay Cares" charity.
After a Founder Coin has been exchanged for gold, the corresponding NFT will be burned, reducing the supply. The project is also exploring "a limited run of physical gold coins featuring Bear Drop designs" that will be exclusive to holders.
The project's floor price has taken a hit over the past few weeks despite the Founder Coin announcement. After sitting at 105 SOL following the launch of its Hibernation Program, the Okay Bears floor price currently sits at 78 SOL at the time of writing. Founder Coins are currently trading at 29.8 SOL on the secondary market (about $1,200).

Okay Bears Launches Founder Coins

Exchange your Okay Bears air drop for physical gold! Find out how.

Okay Bears rewards hibernating bears with gold coins.

After teasing its "Founder Coin" initiative throughout the day yesterday, Okay Bears formally announced, "Hibernation over .. bears awake to the first Bear Drop!" late last night, around 12:20 a.m., ET.

Okay Bears (@okaybears) rewards hibernating bears with gold coins.

<a title="https://luckytrader.com/nft/okay-bears" href="https://luckytrader.com/nft/okay-bears" target="_blank" rel="noopener">Okay Bears</a> launched its "hibernation" program late last night. Details about the hibernation program are somewhat scarce at the moment, though a <a title="https://twitter.com/okaybears/status/1544162939904864256" href="https://twitter.com/okaybears/status/1544162939904864256" target="_blank" rel="noopener">Twitter thread</a> posted earlier this month notes that holders will be able to gain rewards "in several ways" through the program. The same thread references an upcoming "first Bear Drop" that owners of hibernating bears will be eligible for. The hibernation program has its own dedicated website here: <a class="anchor-1MIwyf anchorUnderlineOnHover-2qPutX" tabindex="0" title="http://okayhibernate.com/" role="button" href="http://okayhibernate.com/" target="_blank" rel="noreferrer noopener">http://okayhibernate.com</a>.&nbsp;
Following the hibernation launch, Okay Bears are up nearly 300 percent in trading volume over the past day, and the project currently leads all Solana projects over that timeframe. The Okay Bears floor price currently sits at 105 SOL.

Okay Bears Launches Hibernation Program

Okay Bears Hibernation Program Goes Live.

Okay Bears launched its "hibernation" program late last night. Details about the hibernation program are somewhat scarce at the moment, though a Twitter thread posted earlier this month notes that holders will be able to gain rewards "in several ways" through the program. The same thread references an upcoming "first Bear Drop" that owners of hibernating bears will be eligible for. The hibernation program has its own dedicated website here: http://okayhibernate.com.

Okay Bears (@okaybears) hibernation program is now live.

Okay Bears is preparing for hibernation on July 18, a yet-to-be-revealed event that could be related to NFT staking, similar to the Moonbirds nesting feature.
"Crypto winter is getting colder by the day," Okay Bears tweeted. "There's never been a better time to hibernate. Get ready to snooze on Monday, July 18."
The Twitter post is accompanied by an image that reads: "You snooze, you win."
There is currently no more information available regarding the Solana-based NFT project's plans for hiberation, but more information is expected in the coming days or weeks.
Okay Bears currently has a floor price on OpenSea of 110 SOL and has done nearly 2 million SOL in total volume traded since joining the NFT marketplace at the end of April 2022.
The team's announcement comes during a major downturn in the cryptocurrency markets. Bitcoin (BTC) is down nearly 8 percent in the last seven days and more than 4 percent in the last 24 hours. Ethereum (ETH) is down more than 8 percent in the last seven days and the last 24 hours. And Solana (SOL) is down more than 15 percent in the last seven days and nearly 10 percent in the last 24 hours.&nbsp;

Okay Bears Teases Possible Staking Event in July

Okay Bears is preparing for hibernation on July 18, a yet-to-be-reveal event that could be related to NFT staking. Read more.

Okay Bears is preparing for hibernation on July 18, a yet-to-be-revealed event that could be related to NFT staking, similar to the Moonbirds nesting feature.

Okay Bears teamed up with IKONICK and Shopify to release the "first" Solana token-gated e-commerce experience, Okay Bears Shop.
IKONICK is a digital wall art company that allows users to choose from thousands of canvases and prints to create custom, physical artworks.
Shopify has partnered with various NFT projects during this year's NFT NYC event, including Doodles, Invisible Friends, and others.&nbsp;
Token-gated shops have been released on Ethereum in the past.
Information about available merchandise and other items is still unknown.
&nbsp;

Okay Bears Announces 'First Solana Token-Gated E-Commerce Experience'

Okay Bears teamed up with IKONICK and Shopify to release the "first" Solana token-gated e-commerce experience, Okay Bears Shop. Read more.

The collection goes live next week on IKONICK's website.

Okay Bears teamed up with IKONICK and Shopify to release the "first" Solana token-gated e-commerce experience, Okay Bears Shop.

The @okaybears collection goes live next week on IKONICK's website.

Following its release five weeks ago, Okay Bears, a Solana NFT project that immediately took the NFT space by storm, released what it has been working on behind the scenes in a recent Discord announcement.
We've gathered all the details below:
<ul>
<li>Begun working with the digital art brand IKONICK.
<ul>
<li>Holders will have access to holders-art at a discount.</li>
<li>There are plans to release a merchandise collaboration.</li>
</ul>
</li>
<li>Teamed up with HEIR, a web3 company that connects professional athletes to their fans.
<ul>
<li>In collaboration with HEIR, the team will be auctioning off honorary Okay Bears for charity, some of which will be hosted later this month.&nbsp;</li>
<li>Okay Bears holders will receive allowlist spots for every future HEIR drop.</li>
</ul>
</li>
<li>Planning an event for NFT NYC and will be releasing further details next week.</li>
<li>Decided that Okay Bears NFT holders will be receiving the IP (Intellectual Property) rights to their NFT.</li>
<li>The "Bear Market" was reworked to reward buyers and holders.</li>
</ul>

Okay Bears Shares Behind the Scenes 

Following its release five weeks ago, Okay Bears, a Solana NFT project that immediately took the NFT space by storm, released what it has been working on behind the scenes in a recent Discord announcement.

The Okay Bears (@okaybears) team releases some okay updates.

In a little more than 24 hours since its inception, Not Okay Bears, an Okay Bears derivative, has taken the top spot on the OpenSea 24-hour volume rankings.&nbsp;
The collection has traded more than 3,300 ETH - nearly three times as much as Otherdeeds NFTs in the last day.&nbsp;
The current floor price is 0.29 ETH.&nbsp;

Not Okay Bears Leads OpenSea Volume Rankings

In a little more than 24 hours since its inception, Not Okay Bears, an Okay Bears derivative, has taken the top spot on the OpenSea 24-hour volume rankings. 

Okay Bears (@OkayBears) derivative, Not Okay Bears, has traded more than 3,000 ETH in the last 24 hours. 

NotOkayBears, a derivative of the Solana-based NFT project OkayBears, has traded more than 500 ETH in volume in less than 24 hours since its release.&nbsp;
The project currently sits at approximately a 0.14 ETH floor, an increase of 400% from the 0.03 ETH floor it boasted not even eight hours ago.
Its inspiration, Okay Bears, has done more volume in sales today than Bored Ape Yacht Club and CryptoPunks combined.

Not Okay Bears Trades More than 500 ETH 

NotOkayBears, which is a derivative of the Solana-based NFT project OkayBears hit over 500 ETH in volume in under 24 hours from its release. 

NotOkayBears, a derivative of the Solana-based NFT project OkayBears, has traded more than 500 ETH in volume in less than 24 hours since its release.

Okay Bears (@okaybears) derivate Not Okay Bears does more than 500 ETH in volume on opening day.

The floor price for Okay Bears, a 10,000-edition project which hopes to create a "chill" metaverse, rose from 28 SOL to more than 61 in the last 12 hours. The project, which sold out Apr. 26, sits atop the OpenSea rankings page for the past 24 hours after doing more than 180,000 SOL in volume (about $18 million). That's more than the next-highest project, VeeFriends Series 2 (4,659 ETH or $13 million),&nbsp; did over the same time period.
The Okay Bear Discord's general chat is currently closed and should open around 5 p.m. ET according to an announcement.&nbsp;

Okay Bears Surge More Than 100 Percent Overnight

The floor price for Okay Bears, a 10,000-edition project which hopes to create a "chill" metaverse, rose from 28 SOL to more than 61 in the last 12 hours. The project, which sold out Apr. 26, sits atop the OpenSea rankings page for the past 24 hours after doing more than 180,000 SOL in volume (about $18 million). That's more than the next-highest project, VeeFriends Series 2 (4,659 ETH or $13 million),  did over the same time period.

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