Nakamigos, a prominent player in the NFT sphere, has recently announced its latest project, and it has caused quite a stir among the community. On September 21, the team will be launching 20,000 new ‘Nakamigos-CLOAKS’ NFTs. However, not everyone is thrilled about this development.
The launch of the ‘game ready’ CLOAKS NFTs will begin with a 3-hour free mint for existing Nakamigos NFT holders at 12pm. Afterward, at 4pm, the drop will be available to everyone for a price of 0.05 ETH ($80). To be eligible for the free mint, collectors must possess an original Nakamigos NFT in their wallet during a snapshot scheduled for 11:59pm EST on September 19.
The new collection will consist of 20,000 24x24px pixelated characters, predominantly in humanoid form. However, these figures will have game-like attributes such as strength, agility, and magic. Additionally, there will be over 200 traits that will enhance the abilities of each character. The Nakamigos-CLOAKS NFTs will primarily feature humans in the form of Archers, Warriors, Knights, sorceresses, and Wizards. Rarer items will include entities like panthers, wolves, cheetahs, ying-yangs, Komodo dragons, and bats. Furthermore, each NFT will belong to one of the seven clans: Water, Sky, Earth, Steel, Crystal, Fire, and Darkness.
While Nakamigos is excited about this new project, there has been a mixed reaction from the community. Some collectors are concerned about the potential ramifications of adding an additional 20,000 human-like and anthropomorphic pixelated characters. They fear that this move could lead to a cataclysmic implosion similar to the recent Azuki debacle.
Moreover, Nakamigos initially faced criticism for setting a mint price of 0.05 ETH for everyone, including existing holders. However, the team quickly responded to the feedback and decided to offer early access minting for free. Despite this adjustment, some collectors remain skeptical, speculating that the stunt is merely a strategy to increase transactional volume and royalty payments. They point to the snapshot date in the future as evidence of this theory.
Unsurprisingly, the announcement of the Nakamigos-CLOAKS NFT launch has affected the original Nakamigos NFT collection’s market. The floor price for these NFTs experienced a sharp decline from approximately 0.38 ETH to 0.2 ETH initially, eventually stabilizing around 0.28 ETH as the lowest-priced NFT.
It is important to note that Nakamigos is not the only player in the NFT space. NFT Plazas, for instance, offers a variety of educational content regarding NFT investments and financial opinions. Individuals are encouraged to conduct thorough research before making any investment decisions.
In summary, Nakamigos has revealed its latest project involving the release of 20,000 new Nakamigos-CLOAKS NFTs. These game-ready pixelated characters come with various attributes and traits, allowing collectors to enhance their abilities. While the community has expressed concerns about the implications of this launch, it remains to be seen how Nakamigos will navigate the increasingly competitive and volatile NFT landscape.
