Beyond Standard Rarity 💎
Last updated
Last updated
We aspire to create a more dynamic and nuanced system for determining the floor price of our Crews NFTs, instead of merely relying on standard rarity rankings based on traits. We believe that an NFT's value should not be diminished just by the luck of the draw during the minting process.
To this end, we have established a layered structure for our collection that considers several elements when determining the floor price and value of each NFT. Here are some of the factors:
DAO Structure: We have designed each Crew to have its own pool of funds to leverage, providing a unique valuation metric for NFTs. For instance, a Crew NFT with a richly funded DAO would naturally command a higher base floor price compared to a Crew NFT of a DAO that consistently practices equal distribution and thus, holds no funds.
Blockchain Distribution: Our collection is spread across four different blockchains. We predict that the specific blockchain a Crew is based on will have an influence on its floor price, thereby creating intriguing opportunities.
Traits: While we are moving away from a sole reliance on rarity rankings, traits will continue to contribute to the valuation. We will feature a variety of traits, some rarer than others, complemented by a selection of bonus traits.
Community: We recognize the power of community in driving the value of a collection. With 16 different Crews, we foresee a diverse range of communities. The desirability of being involved with certain communities may elevate the entry point based on demand.
Levelling: As we look towards the future, the concept of levelling emerges as a compelling dimension that will add significant depth to our ecosystem. Levelling presents a captivating dynamic wherein higher-level Crews, bolstered by their enhanced battle capabilities, may hold a strategic edge. Conversely, lower-level Crews, with their abundant potential for unlocking derivatives and other rewards, represent a wealth of untapped opportunities. This intricate balance between power and potential ensures that every level, every Crew, is a unique prospect teeming with promise and intrigue.
In sum, this multi-faceted approach to valuation gives more depth to your NFTs. For instance, an NFT with common traits could still hold significant value if it's backed by a robust Crew DAO or community.
Moreover, it opens up possibilities for strategic play. Consider a scenario where a Crew with a lowly valued DAO possesses the NFT with the rarest traits. Acquiring this NFT at a reasonable price then begin to elevate the whole Crew's standing in terms of DAO value and community. Consequently, you would then own the rarest NFT, based on traits, within a highly valued Crew DAO, dramatically boosting its value.
Our aim is to offer a more complex, yet rewarding, system that values diversity, community strength, and strategic investing over mere chance.
A visual of how the DAOs create a base floor price:
