Meebits, the latest NFT project of Larva Labs, has been creating ripples in the NFT market. Within eight hours of their launch back in May this year, 9,000 Meebits were sold for around 22,500 ETH ($75 million at the time). Talk about launching with a bang!
Larva Labs is the developer behind the much-loved CryptoPunks NFT series as well as Autoglyphs. With this third NFT project, they are scripting yet another success story in the NFT market.
If you’re wondering what exactly are the Meebits, we have got you covered! Here’s all that we’ll be discussing in this article—jump to any of the sections to know more:
- What are the Meebits?
- What can you do with Meebits?
- Meebits and the wider NFT community
- Life after launch: Meebits sales climb the charts
- Meebits in the NFT scene future
Larva Labs have a new project: But what is it all about?
Meebits are algorithmically generated 3D characters linked to NFTs on the Ethereum blockchain. They are rendered in voxels (or pixels with volume) similar to characters from popular games like Minecraft or Roblox. You can use these NFT characters as metaverse avatars, or in games, and virtual reality.
Larva Labs dropped its latest NFT project on May 4, 2021. Since then, these NFTs have been selling like hotcakes. With Meebits, the developers aim to evoke the same experience people enjoyed by collecting cards as kids and exchanging them with friends. In this regard, Larva Labs has attributed a wide range of use cases for these 3D models. A significant feature, for instance, is the ability to trade Meebits for Meebits.
The hype around Meebits is not only because they are cool avatars but also because they come from a successful and highly popular team of developers. Larva Labs had already created a great fan following with CryptoPunks, which they launched in 2017. CryptoPunks are the pioneers of the NFT movement and feature unique collectible characters. While Punks are pixelated 2D characters, the developers went a step further with Meebits and created them as 3D voxels.
“We think that, just like 8-bit pixel art, the minimalism and accessibility of voxel art will prove timeless and endearing for generations to come,” Larva Labs developers, Matt Hall and John Watkinson, wrote in a blog post.
What can you do with Meebits?
From using them as avatars on the metaverse to animating them as 3D models, there are a number of things you can do with Meebits. Here’s a look at some of the uses of these cool characters:
Render a Meebits 3D model or turn it back into 2D pixel art
Whenever you buy a Meebit, you also get access to additional asset packs, including the full 3D model. It comes with a T-pose OBJ file, which can be imported into most of the “standard 3D modelling and animation software”. Using this, you can even animate your NFT and make it more fun and exciting. You can make your avatar perform some stunts or even do a little dance like in the animation below! The videos can also be uploaded on social media to garner community attention.
The NFT also comes with high resolution, lossless renders, which you can use to render a Meebits 3D model. What does this mean? Put simply, by rendering it, you can turn your Meebits 3D model into 2D pixel art. You can then use these 2D avatars on your social media accounts like Twitter or Instagram or even flaunt them as your profile picture.
Use Meebits as your avatar in countless games and virtual worlds
“If the Cryptopunks are ideal 2D avatars for Discord, Twitter, and other social media, then we hope that the Meebits will be the 3D avatar for virtual worlds, games, and VR,” the developers wrote.
These avatars come in seven different types and with varying rarities. “Dissected”, for instance, is the rarest Meebits, with only five of them ever in existence. “Visitor”, “Skeleton”, and “Robot”, are some of the other rare avatars. Their rarity is determined by the attributes of their categories such as hair, clothing, and accessories. These attributes can vary from a tattoo and earring to a hat or beard, among others.
3D print your Meebits
Another amazing way in which you can use the Meebits is by 3D printing them. Imagine having an uber-cool avatar in your room!
Here are the steps to 3D print your NFT via Shapeways:
- Download the .vox file that comes with your NFT.
- Upload the model in MagicaVoxel.
- If you want, you can make any changes to the model in MagicaVoxel. You can change the color, size, or pattern of the model and even add more voxels.
- Once you have made the necessary changes, export the model as an OBJ file, which will create three files.
- Add all three files into a ZIP archive and upload it to Shapeways.
- Now, select the required size and material.
- Submit a print order and you are all set!
Meebits and the Wider NFT Community
The signature 3D voxel style of the Meebits made them one of the hottest NFTs to drop in recent months. Soon, it garnered much fanfare, and the Meebits community eventually set up their own DAO (Decentralized Autonomous Organization) called MeebitsDAO.
The community’s aim is to build a cross-platform metaverse for the avatars. The DAO, thus, began as a development fund to support projects that can fulfil their vision. These funds will be used to acquire lands on various virtual worlds to inhabit the avatars.
“After the Meebits launched, lots of folks had ideas for things we could do, but ideas are easy,” MeebitsDAO wrote in a blog post. “We want to see these projects through to delivery, and that takes a structured roadmap, a plan, and accountability.”
Last month, the DAO received backing from Larva Labs developers, who have signed up as its advisors. Today, they have over 800 members on Discord and more than 5,500 followers on Twitter. Meanwhile, their newsletter has crossed over 2,000 sign-ups.
Life after Launch: Sales Climb the Charts
Initially, only 9,000 Meebits were put on sale via a Dutch style auction. These sold for 2.5 ETH, with the price gradually dropping to zero as the avatars diminished. The rest of the NFTs went to holders of CryptoPunks and Autoglyphs. These holdera could use a Punk or Glyph to redeem a free Meebit, simply by paying the gas fees.
Soon, the collection raked in millions in sales and topped sales charts. Today, it is the seventh all-time top collection, generating over $127 million in sales volume, according to DappRadar.
Not long after the NFT project’s launch, Meebit #10761 sold for a whopping 700 WETH or $2.69 million. It is still the most expensive Meebit ever sold. It belongs to the “Dissected” type and features a bald hairstyle, black pants, and a stylized hoodie.
Meanwhile, last month, Meebit #17522 sold for 1000 ETH or $2.1 million. Belonging to the “Pig” category, the NFT features a pig voxel with a black, backwards cap. It also has a bald hairstyle, a leather jacket, and neon sneakers. Other top sales include Meebit #8598 and #2948 which sold for $1.41 million and $1.36 million, respectively. According to DappRadar data, to date, at least 10 Meebits have been sold for over $1 million.
However, not every Meebit will require you to shell out millions. At the time of writing, their average price in the last seven days stood at $18,300, according to NFT Stats.
The Future of 3d Models in the NFT Scene
One of the major reasons for Meebits’ success, of course, is the Larva Labs brand value. Their unique feature – the 3D voxel format, further added to the success. Moreover, the 3D rendering allows users to add their own tricks to the avatar, making it all the more personal and special.
While there is only a limited quantity of Meebits in supply, they are not as scarce as CryptoPunks. A total of 20,000 Meebits are in circulation—twice as much as the Punks. Unsuprinsingly, sales are still driven by their type and rarity. Auction house Christie’s has even announced an NFT sale in September, which will include these 3D voxels.
As with CryptoPunks, Meebits is also a decentralized project, and the developers do not charge any fees. This latest NFT project is a testament to the many possibilities decentralization has opened up, and many more to come. Further decentralization, which offers more transparency and flexibility, is key to the future of NFTs. Clearly, projects like Meebits will help make that future a reality.