Sappy Seals is one project seeing great volume during the bear market. Pioneering meme culture, the seals do not seem to be budging. So, let’s check out what this cute pfp seal project is all about.
What is Sappy Seals?
Sappy Seals is a collection of 10,000 adorable seal NFTs with a home on the Ethereum blockchain. It is a community-driven project, with a focus on expanding the metaverse.
While the cute aesthetic was once championed by Pudgy Penguins, these days the seals are
Without a doubt, the majority of NFT Twitter often mention the strength and togetherness of the Sappy Seals community. Although most see it as a good, positive community, others see it as a “cringe” community. They are often referred to as “sh*tposters”, which can be taken as a positive or negative thing.
One user, @MrPJCooper, said: “Sappy Seals seems to have the coolest community members out there.” @Web3Willyy added: “Sappy Seals is crushing my timeline this last week. Strongest community in the space, perhaps?”
However, on the other hand, @0nlyPabs said: “Sappy Seals community never ceases to surprise with its weekly cringe.”
Either way, someone is always talking about the Sappy Seals community.
Who Created Sappy Seals
Sappy Seals launched on September 2nd, 2021 headed by @wabdoteth, who also founded the Pixlverse – a metaverse platform that has strategically partnered with numerous other NFT projects to build a powerhouse group.
Alongside his Ethereum ventures, Wab is now well-known in the Cardano NFT space too. On Twitter, Wab often speaks on various elements of the cryptocurrency and NFT space. Most recently, Was has held discussions around surviving and thriving through a bear market. Furthermore, most of his fans can’t help but to praise his great work ethic.
Staking NFT Seals
Sappy Seals holders are able to stake their NFTs in order to earn $PIXL, their ERC20 utility token within the Pixlverse metaverse. The Pixlverse offers experience such as gamified yield farming, metaverse land, game modes, and more. Additionally, there is a marketplace for metaverse items available for holders to use in-game within the Pixlverse.
The staking uses an innovative rarity-based contract. This means that depending on the rarity of holders’ NFTs, depends on the amount of $PIXL they will earn. For example, base-level seals can earn 50 per day, and the 28 1:1 seals can generate 500 per day.
Currently, the price of $PIXL sits at $0.0005748 USD, having reached an all-time high of $0.006683 in November 2021.
Floor Price History
On OpenSea, Sappy Seals has a current floor price of 0.83 ETH, and a total volume of 11.1k ETH all-time.
In comparison, in April of this year, the project saw an average sale price of over 2 ETH, compared to the average price of 0.44 ETH. A total number of 3,813 wallets hold a Seal NFT. There are 10,000 NFTs, and 7,690 are staked.
The Pixlverse Metaverse Ventures
With the foundation of Pixlverse by Wab, the Seals and other NFT collections cemented their commitment to the metaverse and its future.
The Pixelverse is a 2D metaverse where different NFT communities interact, create their own worlds, and also visit each other’s worlds seamlessly.
Sappy Seals were the main catalyst for the start of the Pixlverse, of which more details can be found on the website.
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This article is educational material.
As always, make your own research prior to making any kind of investment.