Meebits NFT Collection: Everything You Need to Know
You must have heard of Meebits, which went live on May 4th, 2021. It had the quickest start of any NFT, selling thousands of NFTs and reaching sales of about $100 million on the first day of release. Based on these outcomes, it has a decent possibility of being among the top NFTs of all time.
Meebits NFTs: A Brief History
Meebits is a fantastic new version of NFTs, which are virtual things with evidence of ownership stored on a collection of computers. Meebits are 3D characters created automatically using a particular algorithm and then distributed to the public. Each Meebit has its own set of characteristics.
Only a small number of Meebits NFTs were made, and there has been a lot of buzz about them. This isn't simply because they're attractive; the developer of these goods also created the CryptoPunks NFT collection, the most well-known NFT before the Meebits introduction.
Therefore, everyone was looking forward to the next great item from that successful development team. But how did it all begin? Who brought Meebits to life and how?
Meebits are 3D voxel characters that exist on the Ethereum blockchain and are generated using a custom algorithm. The ERC-721 smart contract governs their possession. As a result, they are compatible with any Ethereum-based marketplaces and other compatible services.
These 20,000 3D characters are made to look like figures from popular video games like Minecraft and Roblox. These NFT avatars are compatible with a wide range of games, virtual worlds, and other activities. These three-dimensional voxel figures may be animated, swapped, and played.
Larva Labs launched the collection in May 2021, and it has since grown at the rate of waves. These project’s developers seek to recreate the feeling of collecting and trading cards with pals.
Meebits NFTs: The Possibilities
What exactly are these Meebits? According to Larva Labs, holders of a Meebit will receive an OBJ file. For instance, owners will be able to display and manipulate their Meebit and utilize it in virtual worlds. In other words, Meebits are 3D voxel avatars in the virtual world.
Meebits appear to be cool. In the Metaverse, they're well-marketed as avatars. Thanks to the CryptoPunks group, they've generated a lot of buzz. However, they are not the only blockchain avatar initiative.
Everyone appears to have a different reason for wanting to buy Meebits. Of course, those could be used as avatars on various social media platforms, including Facebook, YouTube, Instagram, and others.
If you already own 3D animation software, you may download the Meebit's 3D model, which you can then use to animate your Meebit to create any movements you wish. Because Meebits are somewhat costly, owning one carries a certain status. Many individuals want to resell Meebits for a greater price because a few of these 3D voxels have already gained their owners millions of dollars in just 24 hours.
Meebit owners may customize their 3D voxel character by adding details. They can also turn a 3D Meebit into 2D pixel art. Another advantage of owning Meebits NFTs is the ability to animate your avatars and have them execute activities. They're used as avatars in metaverses like The Sandbox, Decentraland, Somium Space, and Cryptovoxels. You may use them as PFPs on your social media accounts and show them off to your buddies.
Meebits NFTs: The Marketplace
Larva Labs has lately developed another world-class platform for trading, The Meebits NFT market, which offers ten thousand unique items for sale worth millions in sales.
It plans to offer 20,000 3D voxel-based characters to prospective buyers. The USP of the Meebits NFT selling marketplace is that there are no transaction costs. This helps to attract a large number of bids for the acquisition of these digital treasures.
According to NonFungible.com, the marketplace had auctioned 12,864 collectibles in only 18 days since its launch. Furthermore, the total trading volume of the Meebits NFT marketplace has surpassed 139.34 million USD.
The Meebits marketplace has quickly become the town's talk of the town. It has grown by leaps and bounds, attracting an increasing number of artists and dealers.
Meebits NFTs: The Acquisition
Yuga Labs bought the CryptoPunks and Meebits collections from Larva Labs in one of the most significant transfers between NFT companies to date. Larva Labs finally opted to sell because it believed Yuga could better address some of the developing demands of the NFT ecosystem.
While Yuga Labs stated that it would not hurry into any choices on the Larva Labs properties, it did make one key decision right away. It allowed all holders of Meebits and CryptoPunks complete IP rights to their NFTs.
This is the paradigm advocated most notably by the Bored Ape Yacht Club, and it gives Meebits and CryptoPunks holders the ability to do new and interesting things with their NFTs. The Meebits' value increased immediately after the transition to Yuga Labs, indicating that the market perceived the acquisition as a positive.
Meebits NFTs: The Potential Future
Because Larva Labs created Meebits, it appears to have a bright and exciting future. The 3D voxel avatars are one-of-a-kind digital art that can be customized, rendered in 3D, and traded easily on NFT marketplaces.
Despite being in little quantity, Meebits are significantly more in number than CryptoPunks, having around twice as many in existence. The level of uniqueness and rarity, on the other hand, continues to drive purchasing.
The Meebits collection, like the CryptoPunks collection, is a decentralized NFT initiative where the developers do not collect any fees. These 3D voxel character NFTs offer more flexibility and transparency, crucial in future NFT endeavors.
Meebits are not as rare as CryptoPunks or Bored Apes, even though there is limited availability. There are 20,000 Meebits in existence, which is twice as many as many other NFT collections. Sales are still driven by kind and rarity, which is unsurprising. Therefore, we will see more and more of these 3D Meebits NFTs in the Metaverse and everywhere in the future.