Twitter: @FunGuyzNFT
Discord: http://discord.gg/FunGuyz
So after having some good plays defining the meta of tools or we can also say a one-stop solution we are back with something much more related to art.
Don't get me wrong I know Solrarity is going for mint today. But this time we will stick to “ART”.
Alright So, Funguyz is going for mint today. If you have not entered their discord even once let me share some details about the mint.
Supply: 3000
Time: 5pm UTC (WL Sale) / 7pm UTC (Public Sale)
Cost: 1.3 Sols ($130)
Link: https://funguyz.io/
So who are these guys and why do they want your money?
In one line the vibes coming from the project are a lot more fun and community-associated.
They had launched their discord in the last week of January and they have been building their community since then. They got a pretty well-explained roadmap about what their plans are and what they are aiming to build. They are not one of those projects that have made a lot of promises that they will change the space for once and for all rather they have kept it simple which I personally liked.
Let’s talk about some of their upsides:
- Partnerships
One of the best standing out feature about them is that they have secured a partnership with Desolates:- where they will get their shroom steads launched which is one of the points of phase-4 of their roadmap.
Not only Desolates but they have also secured a partnership with Degods. Yeah, the BIG GUYS. As per the announcement, it is looking that they have secured a place in Degods metaverse.
2. Team
Now, this is the most important factor I look at while analyzing a project. As I said these guys have been here since January, they have built a fun community around its project. They didn't hand over WL spots for stupid requirements rather they organized games, events for their members to fight for that spot. Apart from that, they have been on track with the things mentioned in their roadmap. Not to mention again they have secured partnerships with Degos and Desolates.
One thing I liked was that there was some mistake that happened when they first distributed their tokens which they accepted and rectified really well.
3. Roadmap
It's a fact that they are not doing something which has never been done in space before. But after reading their roadmap one thing that is clear to me is that they have planned a lot. This is not going to be their only collection, they are going to bring 3D avatars of the same collection and shroom-steads as well for their metaverse. Apart from that, they have designed their own utility token $FUNZ, which you will get after staking your NFT of course, later this token will come in handy for their future mints.
4. Hype
How will they sell out if there is no hype?
So they have been getting a lot of traction as I have witnessed all day. For simple proof, their tokens are getting sold for almost the mint price on the famous fox federation token market.
They got some great engagement on their discord with them getting an average of 200 reactions on every announcement.
So before you guys jump on the wagon and pull the trigger there are some things to care about:
- Today is a busy day in the SOLANA NFT Space. Two really hyped projects namely Solrarity and Zaysan Raptors are going for mint today. Projects like Yaku/Bohemia/Blocksmith/Solgods have already shown strength in the past few days. The demand on secondary will get divided. So if you are planning for a quick flip measure the demand side risk.
- The collaboration with Degods and Desolates is a big thing no doubt about it but, It should not be taken as a bullish factor while minting the project thinking that the partnership will bring more demand because Degods as a project where it is standing will partner with a lot of projects, and they have partnered with projects before as well. The best thing it brings is a kind of a social pump which can prove dangerous in the secondary market.
In my opinion, if you are really into Art you can mint the project because I don’t see them as a risky play. They have a good roadmap and the benefits will to the holders will come over time, like when they will launch their other main collections.
As per the stats of how their tokens are doing on secondary that kinda increases the risk of minting it for a quick flip because the tokens are going for around 1 sol on average right now, the mint cost in 1.3 sols. Basically, if you buy a token you need to pay almost 2x of mint price just to mint it, and the way the floor reacts nowadays you know what you're going to get yourself into.
As always DYOR.
Peace
