Sappy Seals is one project seeing great volume during the bear market. Pioneering meme culture, the seals do not seem to be budging. So, let’s check out what this cute pfp seal project is all about.
Sappy Seals is a collection of 10,000 adorable seal NFTs with a home on the Ethereum blockchain. It is a community-driven project, with a focus on expanding the metaverse.
Without a doubt, the majority of NFT Twitter often mention the strength and togetherness of the Sappy Seals community. Although most see it as a good, positive community, others see it as a “cringe” community. They are often referred to as “sh*tposters”, which can be taken as a positive or negative thing.
Either way, someone is always talking about the Sappy Seals community.
Alongside his Ethereum ventures, Wab is now well-known in the Cardano NFT space too. On Twitter, Wab often speaks on various elements of the cryptocurrency and NFT space. Most recently, Was has held discussions around surviving and thriving through a bear market. Furthermore, most of his fans can’t help but to praise his great work ethic.
Sappy Seals holders are able to stake their NFTs in order to earn $PIXL, their ERC20 utility token within the Pixlverse metaverse. The Pixlverse offers experience such as gamified yield farming, metaverse land, game modes, and more. Additionally, there is a marketplace for metaverse items available for holders to use in-game within the Pixlverse.
The staking uses an innovative rarity-based contract. This means that depending on the rarity of holders’ NFTs, depends on the amount of $PIXL they will earn. For example, base-level seals can earn 50 per day, and the 28 1:1 seals can generate 500 per day.
Currently, the price of $PIXL sits at $0.0005748 USD, having reached an all-time high of $0.006683 in November 2021.
On OpenSea, Sappy Seals has a current floor price of 0.83 ETH, and a total volume of 11.1k ETH all-time.
In comparison, in April of this year, the project saw an average sale price of over 2 ETH, compared to the average price of 0.44 ETH. A total number of 3,813 wallets hold a Seal NFT. There are 10,000 NFTs, and 7,690 are staked.
With the foundation of Pixlverse by Wab, the Seals and other NFT collections cemented their commitment to the metaverse and its future.
The Pixelverse is a 2D metaverse where different NFT communities interact, create their own worlds, and also visit each other’s worlds seamlessly.
