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The artist behind one of the year’s most successful non-fungible token (NFT) sales has done it again. On September 12, 2021, Migwashere and partners created the Sneaky Vampire Syndicate, causing another seismic tremor in the NFTs cosmos (SVS).

Sneaky Vampire Syndicate has Released a Collection of NFTs

Migwashere’s hand-drawn cartoons are featured on SVS. As NFTs, these will be released and sold. Each piece is a generative portrait of a vampire with unique characteristics and appearances. The ERC-721 standard is used to tokenize SVS artwork. Over the next two weeks, SVS will open up the minting of its 8,888 NFTs to the general public.Each vampire costs 0.08 USD (roughly $313 USD) to begin with.

The SVS vision, on the other hand, takes the NFTs concept a step farther. It was formed following the sale of 107 NFTs from the Bored Ape Yacht Club. In early September, Sotheby’s held an online auction for the piece, which brought in $24.4 million.

Migwashere is also a member of the Bored Ape Yacht Club!

One of the artists behind Bored Ape Yacht Club was Migwashere. He founded SVS with the goal of re-creating the NFTs club concept. Each Syndicate NFT owner has their own personal place in a private online community. The new community will be launched in the not-too-distant future.

Exclusives for 2D Survival Games are on the way.

SVS is also aiming to release a 2D survival game for Syndicate-generated NFT owners. The game is currently in development at Static City Games’ offices.

SVS has stated that it will donate 45 ETH (about $150,000) to three organisations as a result of the launch’s success. Holders of NFTs will assist in the selection of recipient charity.

4,600 new NFT holders

SVS began with a huge tailwind of support and buzz, with 4,600 new NFT holders. Migwashere’s engagement with the Bored Ape Yacht Club was a major factor in this. The new Syndicate acquired 12,000 Discord pre-launch followers after the project team unveiled their connection with Migwashere. The community’s support for non-fungible tokens grew exponentially.

SVS chose 400 of the new NFTs for a special pre-sale in the days leading up to the actual launch. Users who connected with SVS on Discord and Twitter were targeted for the sale. Before the Syndicate, users could earn up to two vampire NFTs.

The New NFT holder base is evenly distributed.

During the weekend of the SVS launch, 4,600 new NFT holders joined the initiative. Migwashere and his tech team were able to reach a 52 percent distribution rate, which is an unusually high number. This was due to their efforts to distribute the vampire tokens among the new NFT holder base as evenly as possible.

At the time of debut, buyers reserved their new NFT purchases. They just had four hours to complete their purchases. This approach, according to the SVS, saved Ethereum users hundreds of dollars in transaction costs, or “gas.”

Working to lead — utilising NFTs as social media accounts

SVS expects that wealthy owners will use the NFTs as profile images on social media, giving their initiative a boost. They also hope that if the NFT is resold at a better price in the future, the value of all other vampire NFTs in the Syndicate would rise.

Access to a Private Online Game

SVS’ goals extend much further into the gaming sector. According to Migwashere and his team, they intend to create more real-world applications for the blockchain-based tokens.

The SVS’s utilisation principles were first channelled through a vampire-fighting game.

The vampire-fighting game is now under development, and it’s hotly anticipated in the NFT and gaming communities. Only verified SVS non-fungible token holders who will utilise their tokens in the game will be provided the as-yet-unnamed browser-based game. Players will fight off hordes of zombies, werewolves, skeletons, and vampire hunters with a range of weapons and techniques.

According to lead developer Woof, an in-game bite mechanic will allow players to steal lives from opponent characters in exchange for their character being “stuck in place.”

There will be infinitely growing difficulty levels throughout the game. The players who have lasted the longest will be displayed on a leaderboard.

The Syndicate Roadmap’s Next Steps

Just like canines and mutant apes, NFT holders can now get their own companion bat!

The SVS website outlines the release timetable for impending non-fungible token holders-only bonus goods. During the first week of the Syndicate, every vampires received a special free item. NFT holders will receive a complimentary companion bat. The dogs and mutant apes distributed at the Bored Ape Yacht Club are identical to these. Within the next few weeks, more goods will be available.

The SVS project’s heart is represented by the Lair. In the Syndicate Metaverse, vampires will be able to engage with each other through the exclusive online club. More milestones are in the works for the Syndicate.

A New Take on the Fast-Growing NFTs Industry

The SVS offering adds to the dynamics of the NFT frenzy, which is beginning to resemble a business rather than a fad.

Shortly after Migwashere departed the Bored Ape Yacht Club, he and friends discussed the idea for SVS, which became SVS. With a project that responded more significantly to pop culture, the team hoped to breathe fresh life into the character-based NFTs sphere.

The group also aimed to push the utilisation of NFTs to new heights. They assumed the first few weeks of the NFTs buying frenzy simply represented the tokens’ value as “profile picture projects” investments.

The NFTs craze has proven to be one of the most divisive movements in art history.

With high-profile, high-value purchases often occurring at historic venues like Sotheby’s and the Uffizi Gallery, NFT collections have upended conservative auction house and art gallery traditions.

Finally, a new cash source for deserving artists has been achieved.Perhaps more importantly, the success of NFTs has supplied artists with a completely new cash stream that many of them have lacked in the twenty-first century. The SVS has given Migwashere a new sense of freedom and ownership that he was yearning for when he left the Bored Ape Yacht Club.

NFTs Collections: A New Era for Digital Art

In an interview with Grit Daily, he noted, “NFTs offer some great promise with what they can bring to our future.It is obvious and plain that we are only at the start of a wonderful period of digital art.We are glad to be able to participate and engage in such an exciting time.”

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