Degen Toonz is one of the most talked about NFT collections of 2022, which sold out within a week after its market debut. As we know, the NFT market had gone through deep contraction amid sentiments in the crypto market. Despite the economic disruptions, thousands of new NFT collections have been launched in the NFT marketplace.
However, many failed to create buzz and ended up with low bidding on popular NFT marketplaces. Despite the volatility and consternations in the market, DEGEN TOONZ succeeds with outstanding bets in Opensea. The NFT community wonders what made DEGEN TOONZ have more traction compared to other collections.
What is the story behind the launch of DEGEN TOONS? What made this rare NFT Collection outstanding? How did it become the biggest NFT sensation of 2022? What is the future of DEGEN TOONZ for NFT enthusiasts? Let’s get into more details about the DEGEN TOONZ NFT collection. Here we go
What is DEGEN TOONZ?
DOGEN TOON is a collection of 8888 NFTs on Ethereum Blockchain, which appear as bunnies with hypnotic motifs. It resembles loony toon-style characters. Prince Lail and Bader Asad are the two NFT creators behind this collection.
All the 8888 characters are sold out within a week after the launch in Feb 2022. DOGEN characters are in uproar on Opensea after the launch. Each collection has a different price. The collection has witnessed immense bids and sold out quickly. TOONZ #679 was bidding at a price of 1000ETH in Opensea while writing.
Bader Asad and Price have had been friends for a long time but work in different professions. Asad works in the fashion industry but is a crypto enthusiast. Lail is an artist who is the main creator behind DOGEN TOONZ.
They worked together on customized clothing and music cover and finally decided to stick to their idea to create an NFT to bet in the tight NFT competition. They were inspired by cartoon characters and learned to deploy smart contracts and tactics for succeeding in Web3 business. Finally, DOGEN TOON is dropped into the NFT community.
The co-founders always focused on hearing the project community and offering additional benefits to token holders. They believed the essence of Web3 is considering the voice of the community to align with complete decentralization.
What made DOGEN TOONZ so popular?
The nostalgic appearance combined with the utility it offers for token holders is the primary reason behind the demand for the art piece. The project’s mission is to create a platform that brings community members, curators, and creators under one roof to have an innovative and transparent brand.
Those holding DOGEN TOONZ tokens are entitled to access their metaverse, called “TOON TOWN ”. They can experience, play, win and get additional perks. Token holders have exclusive access to DOGEN programs. Moreover, every token holder will get the opportunity to vote in DAO and participate in the DOGEN ecosystem’s decision-making process.
The launch hype helped them to have attractive collaborations in no time. The Hundreds, Warner records, Bored and hungry, and Jarritos are some of their top collaborations. Moreover, the community has grown to 24808 members on Discord and around 50k followers on Twitter.
They were trying to put the community under one umbrella by valuing each other. Just like how BAYC has treated their community members as kings. They identified the need to acknowledge and engage the community. The team conducts Twitter discussions twice a week.
The discussion on Tuesday is called TOON Talks, in which they communicate serious announcements and decisions. Whereas the talks on Friday are called “happy hour TOON Talk” where community members share fun and happiness. Kelly Blumberg, a brand strategist in DEGEN TOON, and Lyn Tan, the event coordinator of the ecosystem, host these relaxed talks.
Unlock the experience 12/22/22 🚪🔑 pic.twitter.com/peC5p6KIse
— Degen Toonz (@DegenToonz) December 12, 2022
In the earlier stages, co-founders are also directly involved in Discord discussions. The type of community engagement that DEGEN put forward shows how essential direct communication is between the core team and community for the growth of the project.
The main website of DOGEN TOONZ has a tab called “SHOP” where users can visit and purchase goodies and hoodies with the brand theme and design. It again raises the spirit of the community and spreads the brand voice.
The collection has a deflationary aspect that helps to maintain the balance between demand and supply by adding value to the art pieces in short term and long term. The reputation of the brand comes from its commitment to token buyers.
The Key Takeaways
If art can thrive during the bear market, absolutely it has something that other brands don’t have. DOGEN TOONZ achieved the attention of the NFT community through their future roadmap, community, and premium benefits offered to the client. If you are interested in buying NFTs, DOGEN TOONZ is the best pick that you can use as your social profile pictures and have long-term value.