Let’s go ahead and address the elephant in the space – a lot of people find NFT collections cringeworthy. In many cases they are useless images that need a ton of hype to make them worthwhile.
In my time in this space, I’ve purchased a number of NFTs. Some collections allowed access to certain community exclusives, some gave generous staking rewards, and others were just collections that I thought were pretty cool. The upcoming Zeleboba release is one to look out for.
Something’s Brewing In The Kreepy Lab
Releasing an NFT collection seems natural in the progression of a meme coin project, but in terms of Zeleboba’s current holder count and project awareness, it’s way too early. Beyond the hilarious memes and stickers, there is little that would convince anyone that the upcoming NFT collection will be successful, but the Zeleboba team did their homework. The collection will be released, and it will combine the best of several NFT collection models.
Brewlabs is one of my favorite companies in crypto. Their no frills yield farming NFT staking protocol is one that I continue to find intriguing. The basic premise is that a large portion of fees generated from NFT mints are used to enter profit-generating yield farming pools. Yield from farms are collected and distributed to NFT holders who stake their NFTs. Staking rewards depend heavily on the amount of funds invested in the pools and the yield rewards generated from the pools. This model is already functioning in the Sprite Onsen project; a project constructed by Brewlabs.
On the other side of the coin is Kreepy Kritters, a BSC project that minted out their original collection of 5,900 NFTs. The Kritter NFT buyback and burn treasury model creates scarcity and demand, causing the collection price floor to rise. To date, the project has purchased from the secondary market and burned over 57% of the collection, causing the price floor to reach nearly nine times the original mint fee. Rarer Kritters fetch well over 1 BNB on the secondary market, with the highest listed at the equivalent of $24,000. The Kritter treasury has accumulated thousands of dollars worth of BNB, even more amazing is the fact that Kreepy Kritters has accomplished this in a bear market and with less than two hundred holders.
When Fun Gets Serious
Utility was always in Zeleboba’s DNA, and the upcoming NFT collection is about to help Zeleboba show the world the the power of its revenue-generating ZeleTools. Zeleboba will merge revenue sharing with buyback and burn to make the NFT collection attractive to buyers. Instead of entering yield pools, a large portion of fees from minting will be used to fund ZeleFX, the revenue-generating Forex trading bot. These fees will give ZeleFX a huge amount of trading power, which will increase its profitability. Modeling Kreepy Kritters, Zeleboba will use a portion of mint fees and revenue to buyback and burn NFTs from the secondary market. Holders who are lucky enough to mint a rare, epic, or the ultra rare one of one NFTs will earn revenue share for up to twenty-four months, while common and uncommon holders will see the benefits of a rising price floor from the buyback and burn mechanism. More NFT exclusive content and opportunities are in plans for the future.
Why Not Use Yield Pools?
The team chose to take advantage of ZeleFX, a proven tool and the foundation of the developing ZeleTools family. The team also believes that utilizing a tool outside of crypto creates a hedge against market conditions. Additionally, using an existing tool allows the team to avoid unnecessary costs and fees; savings that will allow the team to keep the mint fees attractive enough to encourage multiple mints. Copy trading with ZeleFX, an attractive way for individuals to generate profit from ZeleFX’s performance, is not available in all global markets, so using NFT mint fees to fund ZeleFX is a win-win for the project and holders.
Three Models Side By Side
Brewlabs NFTs
Mint Fee: $100 Stable coin + 3500 Brewlabs tokens
Supply: 15,000 (5,000 each on BSC, ETH, MATIC)
Release Date: July 2023, MATIC NFTs yet to be released
Mint Status: Ongoing, Less than 2.5% supply minted
Characteristics: Four rarity levels – common, uncommon, rare, and epic
Rewards: Rare and epic NFTs are staking eligible with current APR in the 35% range. Pool opens October 2023.
Find out more – HERE.
Kreepy Kritters NFTs
Mint Fee: Originally 0.15 BNB (roughly $34)
Supply: 5,900 (3,407 Burned)
Release Date: April 2023
Mint Status: Completed
Characteristics: All unique with themed costumes
Rewards: Holder ranking system based on number of NFTs held and costumes. Holders benefit from increased floor price caused by secondary market buyback and burn. Final holders are able to split the value of the treasury.
Find out more – HERE.
Zeleboba NFTs
Mint Fee: $35 USDC
Supply: 3,004
Release Date: Sept/Oct 2023
Mint Status: Unreleased
Characteristics: Five rarity levels – common, uncommon, rare, epic, ultra 1 of 1
Rewards: All holders will be eligible for random giveaways, but a portion of ZeleFX revenue will go to holders of rare, epic, and ultra 1 of 1 NFTs. Holders benefit from increased floor price caused by secondary market buyback and burn.
Find out more – HERE…like literally here in this write up, but feel free to join the telegram channel.
Will These NFTs Be Worthwhile?
There are no guarantees, and even Forex trading has its own risks, but all models point to the Zeleboba NFT collection being worthwhile for holders and the project. Full mint out will generate more than enough revenue to maximize ZeleFX’s profit potential and provide the project with substantial marketing and development funds. Individual NFT holders and Zeleboba token holders will see benefits from minting in the form of increased token exposure, NFT value, and revenue sharing for rarer NFTs. The team also reserves the right to extend the revenue sharing period and offer more incentives to NFT holders. Done correctly, this concept will kick start the project, making it a true gem on the Arbitrum network.
CoinOodles.com 
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