Hey Blueniverse! Thank you again for an amazing first launch of the Blockchain Adventures of Bella the Blue-Bot NFT Project. From our team, our staff, our community, and for everyone who touched this project in some shape or form, thank you! We all overworked ourselves because we believed in this project being something that was bigger than ourselves. And it was. Our mods did overtime on their shifts because they wanted to engage in the community. Our dev team, led by Henry, produced a great smart contract, and we were protected from security issues and other challenges that could have destroyed the project. Not every mint was perfect, many times outside of our control, but it worked. And it worked well, considering how new everything is from a dev standpoint. Our art team met virtually impossible deadlines to show our community what level of work we were willing to put forward BEFORE asking for mint purchases. An effort to show that we were not just another 2D dev project with a different version of a random animal. The utility was so important to us! To the Vee Friends partnership that brought up so many new family members, especially from previous PLP projects. Thank you, thank you, thank you!
But the job isn’t finished. We set a goal and we’ve always been in this for the long run. I know many want this to feel like that lottery project that goes to the moon immediately, but we will be known as that community that created something innovative, collaborative, and unique. And that value will compound over time. Many projects will tell you what they will do only AFTER they sell out, but that’s not us. Never was us.
Here are the facts: We are at about 2,400 NFTs minted by over 1,200 people. The elephant in the room is, “What are you going to do if you don’t sell out? Are you going to burn them? What about the supply?”
Luckily, based on other NFT projects I’m holders in (and fans of) like Wilder World ($250 million market cap), they limited their supply (didn’t burn them), and slowly increased supply as the floor price and value increased, and always listed the new NFTs at a much higher price than the floor, so it doesn’t dilute the market. Our goal has always been to maximize the value for each token holder, and this is no different! So about one week from the original mint date (11/22 @ 2 pm ET), we’ll halt public sales of new mints for the NFT Project. And we’ll get to work. This way, the price stabilizes, and our job is to produce work and community that’ll justify a higher price for people to buy-in. That’s our goal!
The good news is this: we will not adjust our strategy of engaging and building a fun community with our new community manager, moderators, and our hilarious head meme officer. We’ll overinvest to make sure this is a great project to join not just for the value, but for the vibes as well.
The Bored Ape Yacht Club didn’t start off out of the gate to be the powerhouse they are now. It didn’t happen overnight. For goodness sakes, the Constitution DAO has taken several days to get 15-20% towards their goal of buying the Constitution. Vee Friends didn’t sell out the first day, and many other NFT projects have different paths. And market conditions do play a role: gas prices, ETH prices, and bull/bear markets timing.
Our path is to put our heads down, do the work, and then show what we’ve built, and find creative ways to vibe together. But if you’re a long-term holder, we believe you’ll be glad you held. And we’ll go the extra mile to make it a “Genesis Collection”.
We have our announcement with the game engine this Friday, which we can’t wait to share, and on Wednesday, we’ll have the reveal and the steps involved to get your lifetime pass for Blue Studios.io, our edutainment streaming platform, and we will publish our community calendar very soon!
Thanks again for your support and we’ll keep doing the work. The necessary work.