Kaiju Kingz is a 3,333 Profile Picture Project with an interesting utility and tokenomics imputed to the NFTs. Basically, the project awards the $RWASTE Tokens (which stand for Radioactive Waste) to the NFT Holders. Two weeks post-launch, the sold-out Collection is storming the NFT Charts and generating more buzz.
As of press-time, the project has pulled in a lifetime tradeable volume of 11,700 ETH or almost $50 Million on OpenSea. Meanwhile, the floor price has climbed to 3.49 ETH versus the mint price of 0.06 ETH. This represents 58x growth in less than two weeks!
Meet the New Pixel Beasts in the Metaverse: Kaiju Kingz
The Kaiju Kingz IP is subdivided into two pixel beasts categories: Genesis Kaijuz and the Baby Kaijuz. The project initially released the 3,333 Genesis Kaijuz. As the original Kingz, they are the only ones capable of generating 5 $RWASTE a day. These tokens are crucial because they can be used to name a Kaiju, write lore for them, or even create a Baby Kaiju by fusing the DNA from two Genesis Kaijuz. Standing larger than life in a 69×69 pixel square, Kaijuz will have a wide variety of traits, types, and different aesthetics.
Meanwhile, the Baby Kaijuz has a fixed supply of 6,666 NFTs and undisclosed utility.
The project is the brainchild of CyberKongz holder and community member, OhDots under his newly founded company: Augminted Labs. The website also displays the rest of the team with proper links to their respective Twitter account. This is a good move because full transparency reduces the risk of a rug pull.
Whats’s Next?
Strike while the iron is hot! This seems to be the strategy of the project because the team already laid down the post-launch activities, starting with the Legendary Auction.
KaijuKingz begins its journey forward with an auction of special Legendary Kaijuz. Only 10 of these mythical beasts exist and they are all unique 1/1 special edition Kaijuz with their own animations exclusive to them. There will be one Legendary Kaiju, the Mecha Kaiju, specifically reserved for the holders of N0XSCAPE founder’s cards. One of these special Legendaries will be tucked away in the initial mint of KaijuKingz for one lucky degen to find.
Since the community already minted all the Kaiju Kingz, the team will now auction off the final 8. The KaijuKingz DAO will get its funds from these auctions and secondary sales. This is a smart move because this sends the message to NFT holders that they should hold on to their NFTs instead of flipping it.
Meanwhile, the KaijuKingz DAO will help create a community focused on deciding the future and next steps of the KaijuKingz ecosystem. KaijuKingz sales will go into the community vault. Then, the team will use the funds to issue grants and scholarships to talented applicants within the community. Basically, each KaijuKing will bestow voting power upon its holders within the ecosystem, allowing for truly decentralized decision-making.
So far, the project is doing a great job in using $RWASTE tokenomics to expand the IP. In fact, as early as now, the team is already teasing new utilities for the token. For example, the redemption of cosmetic upgrades, new drops for all holders and an e-sports team.
You can catch the latest news and updates about the project through their website and official Twitter account.
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This article is educational material.
As always, make your own research prior to making any kind of investment.
