Spotlight on Notable Blast and Base NFT Projects
While Ethereum mainnet NFTs remain lackluster, the “younger siblings” Blast and Base are gradually restoring some dignity to Ethereum, pulling back the attention of NFT players from Bitcoin and Solana. Which Blast and Base NFT projects are garnering attention? Let’s dive into some notable ones.
Plutocats resembles “Nouns” on Blast; it’s a fully on-chain generative PFP sold via continuous Dutch auctions using a VRDGA pricing method. VRDGA dynamically adjusts the NFT’s sale price based on demand; prices rise if demand exceeds supply and decrease if supply exceeds demand, aiming to match daily sales closely with the anticipated timeline.
Proceeds from sales in ETH are used to earn Blast rewards. Plutocats plans to introduce an ERC-20 Token for DAO governance in the future, with holders also having the option to return their Plutocats NFT for ETH to exit.
“Crypto Valley Characters” provide players with a multiplier bonus when harvesting crops in the game. The game’s roadmap also mentions launching “Adventurer” gameplay in Phase 2, where players can use “Adventurer” characters for exploration and will introduce the ability for players to form guilds.
Munchables is a highly “DeFi” project, emphasizing maximizing capital gains on Blast from its gameplay. Players need to lock at least 1 ETH in Munchables for a minimum of 30 days to Free Mint a Munchable. The greater the proportion of ETH locked, the more “Schnibbles” earned for feeding Munchables. The ETH locked in Muchables still rewards players with Blast points, and the project distributes 100% of Blast developer airdrops and generated income to players.
Considering the 1 ETH entry barrier might be high, @Juice_Finance launched a Munchables Vault with a capacity of 5000 ETH and up to 3x leverage. This pool was filled in less than 24 hours, prompting Juice to increase its size to 7500 ETH, which also filled up quickly… This lending pool essentially allows users to simultaneously harvest Munchables rewards, Blast rewards, and $JUICE in a “triple win.”
This morning, Munchables announced it was attacked. According to Paideia monitoring, there was an issue with Munchables’ lock contract, with 17,400 ETH (about $62.3 million) stolen.
Jack Butcher
Jack Butcher’s Open Edition series “1988” also sold 148,464 copies in a 1-day presale, totaling about 119 ETH in sales.
Jack Butcher had previously released a series called “Oviators” on Base at the end of last year, where holders could receive physical airdrops. The current floor price is 0.15 ETH.
Following artists releasing Meme Tokens on Solana, Base continues the trend, enriching artists first. This project was Free Mint at launch, and they are also about to launch their own Token $FELLA. @gmhuntergm has been actively involved in Jack Butcher’s Opepen series ecosystem.
After Base protocol head Jesse Pollak “shouted out,” the floor price FOMOed from around 0.13 ETH to over 0.4 ETH.
Creator @dailofrog has been “blooming on multiple fronts”; his art series “Memory Blocks” on Ordinals once rose to about 0.05 Bitcoin, a tenfold increase from its launch price. He also has an NFT series on Blast called Blast Rocks.