MekaVerse Ethereum NFT: The Most Hyped NFT Project

If anyone is a financial enthusiast and has knowledge about Non-fungible Targets (NFTs), they may know about one of the most hyped NFT projects to date, MekaVerse NFT. It was released in October 2021, and even before the artwork has been viewed, the collection has a maximum capacity Discord channel with 250k members, 214k Twitter followers, and a 6.4 ETH price floor, as written by yahoo finance.

 

People received their first look at Gundam-inspired artwork when the project was announced on Twitter and Discord on August 30th. Since then, Mekaverse Mania has invaded the NFT sector, attracting both veteran and new NFT collectors to the project, instilling a sense of 'FOMO' and a desire to acquire one of the 8,888 MekaVerse NFTs.

 

Many people have wondered what MekaVerse NFTs are and how they function because of all the buzz. In this article, we'll explore the hottest NFT launch of 2021, as well as everything that sets it apart from the competition.

 

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What is MekaVerse NFT?

 

MekaVerse is a non-fungible token collection in the ethereum network featuring robot-style artworks known as Mekas. There are 8,888 NFTs released in this project. 

 

The fact that these images are based on the legendary Japanese mecha anime series "Mobile Suit Gundam" is a highlight. These 3D-rendered images are constructed from a pool of features with no overlap of attributes, which explains why none of the photos are same or comparable in any manner. 

 

MekaVerse is one of the most successful NFT collectibles debuts in recent memory, with moreover $60 million in sales in the first 24 hours of its release. 

 

Matt and Mattey, two European men who have been freelance graphic and digital artists for numerous years, are the brains behind MekaVerse. Julien van Dorland, an NFT legend in his own right, is the brains behind their Discord.

 

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The making of MekaVerse NFT:

 

According to an interview given by MekaVerse to Forbes, The team said that they were inspired by the Japanese universe and anime. The Mecha universe is a tremendous source of inspiration and allowed them to try out a range of ideas. To identify the game's artistic direction, the team opted to draw and generate 3D graphics.

 

In February 2021, they came across the world of NFTs and decided to merge both of the ideas and prove their originality. Soon, they created 8,888 3D Mekas that were sold as NFTs later. 

 

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How did MekaVerse NFT work?

 

The collection decided to hold a ‘raffle' to encourage a fair minting procedure, which required users to create a Mekaverse wallet and ‘register' their desire in purchasing one or two NFTs. 

 

According to Benzinga, a total of 172,876 wallets were enrolled for the raffle, with 661,737 unique individuals accessing the website to participate in the minting 'lottery.' The NFT community went on the website again 24 hours later to see if they had earned the chance to mint. The lucky victors then minted their MekaVerse NFTs with the price of 0.2 ETH per piece and flexed their mints to their followers on Twitter.

 

Before the disclosure, MekaVerse averaged 7.1 ETH in sales, with several purchases in the 5 ETH to 10 ETH area and a floor that remained consistently above 5 for 24 hours. 60 ETH, 50 ETH, 50 ETH, and 50 ETH are the most popular MekaVerse prices. A 125 ETH auction for an unknown legendary Meka was completed. 

 

Following the release, new NFT owners were unsure which image they had purchased. Holders were given a placeholder image ahead of a planned collection-wide presentation a few days later. 

 

Even buyers on the secondary market had no idea what they were buying. In the meanwhile, every image on OpenSea looked the same, and secondary values skyrocketed as users gambled on plucking a rare, very valuable image from a trading card pack.

 

MekaVerse now has a floor price of 1.875 Ethereum, which is much lower than the pre-reveal and immediate price movement. This is because of some controversies that the project has faced after its release. 

 

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Allegations on MekaVerse:

 

While there have been blind followers of the NFT, there have also been others who oppose MekaVerse's premise and operation. The developers behind Meka determined that purchasers should have no idea what they were purchasing, equating it to a fair gambling game. 

 

However, reports have surfaced that certain buyers got early access to the metadata or qualities of the NFT picture, allowing them to detect and purchase unusual NFTs.

 

Many threads on Twitter accused the project of being rigged, stating that the NFT's creators traded on inside knowledge and that there had been a slew of odd NFT purchases following the minting process. 

 

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Many individuals also pointed out that the time difference between minting and picture reveal allowed for the formation of any window that might have leaked metadata that could have been utilized to buy more expensive MekaVerse NFTs.

 

Some customers have questioned the aesthetic unpredictability of MekaVerse mechs, which are inspired by Japanese anime classics like "Mobile Suit Gundam," in addition to charges of fraud and other issues around the launch time frame. 

 

The variations between the Ethereum-based NFT graphics can sometimes be as minor as color swaps on little features.

 

Although the team has responded that the reveal process featured a bespoke Python script to help with randomness, as well as a seed method for recreating the order if necessary. 

 

It also completed the randomizing procedure on a private server rather than on a blockchain. The team guarded the secret until the very last instant of the reveal day to eliminate any danger of leaking or cheating.

 

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Future of MekaVerse NFT:

 

The makers of the MekaVerse disclosed plans to airdrop more free NFTs to holders, including a "Meka-Sword '' that may be used in a suggested combat game and a "Meka-Bot" robot companion. It takes a similar strategy to the popular Bored Ape Yacht Club, which has just increased the number of NFTs available to members.

 

In recent days, the floor price for MekaVerse has plummeted. As previously stated, the NFTs were selling for more than 7 ETH each before the announcement, whereas the most inexpensive MekaVerse NFTs on OpenSea are currently trading for less than 2 ETH (about $7,700). 

 

Despite this, according to CryptoSlam, the collection has produced more than $130 million in secondary trade volume to date.

 

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Conclusion

 

The NFT community has hailed the Mekaverse NFT collection as one of the most anticipated initiatives of the year. The project presently has 5,467 unique holders, which is a 61 percent NFT distribution. 

 

Despite the great demand and expensive price, this makes MekaVerse one of the most evenly dispersed NFT collections on the market. Because of the project's tremendous excitement and expectations, it's currently unknown which course Mekaverse will take.

 

People are prepared to spend absurd sums of money for something that is currently more abstract than actual. The massive sales of Ethereum NFTs are a strong reflection of the fury and excitement connected with NFTs these days. 

 

Spending thousands of dollars' worth of ETH for something they can't even see explains a lot about the enthusiasm around NFTs and how they manipulate purchasers. Sharing the same enthusiasm, we are here with this article about MekaVerse NFT.