- Global community responds enthusiastically to CRIPCO’s first NFT project, WADE Friends & Family, which sold out of all 2,100 units within hours of release
- Floor price rose 150-fold and is 1 in 24-hour trading volume, demonstrating the project’s popularity and potential of the blue chip NFT
- Realize CRIPCO’s IP 3.0 Hub vision by establishing affordable coin price and 0% originator royalties to promote and expand access to IP NFTs
- Growing interest in CRIPCO’s NFT range, including second NFT project ‘OOZ & maats’ and partnership with global fashion label
SEOUL, South Korea, September 19, 2022 /PRNewswire/ – Global blockchain NFT company CRIPCO has successfully created its first NFT project ‘WADE Friends & Family’ (WADE F&F), generating a tremendous response from the global NFT community. The company’s second project with IPX and upcoming partnership with global fashion labels now raises expectations for CRIPCO’s next IP 3.0 business.
CRIPCO’s ‘WADE F&F’ NFT sold all 2,100 NFTs on the day of launch through Magic Eden’s Launchpad on September 15. A social media shoutout by SOLANA’s co-founders and the announcement of the WADE X PEACEMINUSONE partnership boosted the project’s popularity before mining; a whitelisting contest on the Discord community recorded a whopping 280:1 ratio, and the provision of whitelisting spots for IP3 token holders listed on FTX also received enthusiastic responses from users.
Due to competitive coining, the project sold out almost immediately and placed first in 24-hour trading volume on OpenSea (Solana NFT) and first on Magic Eden market. In particular, the secondary market floor price reached over 75 SOLA 150-fold increase over the coin price of 0.5 SOL, demonstrating a potential for growth as a blue chip NFT. The membership NFT uses virtual artist WADE’s IP created by IPX (formerly LINE FRIENDS) and KB LEE, and offers not only the charm of IP, but also competitiveness and a series of exclusive holder benefits, including fashion brand raffles in collaboration with CRIPCO DAO members.
‘WADE F&F’ holders, who have become friends and family of the virtual IP WADE, will hold Web3 membership passes and will benefit from CRIPCO’s diverse portfolio of IP assets and partnerships with its DAO members comprising global brands and creators exist. Scheduled to release later this year, WADE PFP will provide a 1:1 airdrop, a whitelist of upcoming projects, and guaranteed lottery tickets for extremely rare and limited fashion collaboration NFT projects.
CRIPCO sets the coin price of ‘WADE F&F’ 0.5 SOL ($17) or 21 IP3 ($11), a reasonable price considered by the community. Additionally, the originator royalties are set at 0%, providing a user-friendly environment, reducing secondary sales costs. With its close network with various IP business partners, CRIPCO has the ability and competitiveness to execute projects stably by offering an IP NFT portfolio with solid planning and growth potential.
After the successful sell-out of ‘WADE F&F’, CRIPCO also announced to drop OOZ & partners PFP, the company’s second NFT project with IPX. Designed as the first Web 3.0 original character IP launched by IPX, OOZ & partners debuted as an NFT project, starting as a born digital IP enterprise breaking away from the traditional character or IP launch formula of product products or animations. OOZ & friends will be released as 9,999 unique NFTs, featuring nine different Super Deformation (SD) animal characters with unique personalities and charms.
WADE, the IP that powers ‘WADE F&F’, made headlines after the recent announcement of its partnership with PEACEMINUSONE, a fashion label founded in 2016 by fashion and culture muse G-Dragon. There is now growing excitement about how both WADE and PEACEMINUSONE will bring together their respective values of diversity and freedom through the NFT platform. Global trendsetters and brands in fashion, music and IP will complete the IP 3.0 ecosystem together, lowering entry barriers to the NFT market and providing a glimpse into CRIPCO’s goal of popularizing IP-based NFT.
A CRIPCO official thanked users for their overwhelming response to ‘WADE F&F’ and said the company will continue to work with partners in global subculture, fashion and music to promote creative inspiration, and let more users experience the company ‘s vision to popularize NFT.
CRIPCO started its business by listing IP3 tokens on FTX in July, and successfully launched its first membership NFT project in just three months. CRIPCO is now rapidly expanding through leading Web2 users familiar with existing IPs to a variety of IP-based NFTs and the new Web3 through partnerships with creators and fashion brands loved by street fashion enthusiasts worldwide.
CRIPCO is a Singapore-based global blockchain and NFT company that aims to popularize NFTs based on various IPs and has listed its native token ‘IP3 token’ on the FTX exchange on July 8, 2022. Investors and partners include FTX Ventures and SOLANA Ventures. CRIPCO’s governance is based on a decentralized autonomous organization (DAO), which oversees all business-critical decisions from IP screening to IP-based NFT projects. The CRIPCO DAO consists of corporations from various fields, famous artists and other influential members across industries, such as IPX (formerly LINE FRIENDS), NAVER Z (ZEPETO), PEACEMINUSONE, Marciano MMG, Fujiwara Hiroshi, Edison ChenKB LEE (Kyubum Lee), and James Fauntleroy, etc. In addition to attracting investments from global blockchain venture capital and a major fashion platform, CRIPCO has forged partnerships with companies in the blockchain industry and is building its ecosystem to realize its ‘IP 3.0 Hub’ vision. To learn more about CRIPCO, please visit https://cripco.com.
Wade is a big fan of all the free-spirited underground players who don’t always play by the rule book. Likewise, he strives not to be stereotyped into a fixed figure; Wade values originality and diversity above all else. Wade’s nature to experiment and seek diversity underlies his highly fluid mindset. His flexible way of thinking forms the basis for his creative work, which often distorts the obvious or injects hints of novelty into existing things. These creative works are part of Wade’s effort to break down barriers between the mainstream and subcultures, to inspire all people with creative thinking and give them opportunities to freely explore their ideas. Wade’s iconic attribute, ‘Water’, is the source of energy and elixir that promotes growth of all things. It symbolizes unlimited embrace, which transcends all skin color, race, class or gender. The ever-flowing nature of water represents the eternal legacy of subcultures that have been with us for countless generations.