Soon we are launching Midnight Apes as a Hybrid DeFi collection combining our effort with the team from LibrePlex. But what does that mean?
Midnight Apes is our main collection. Place to form long standing community. It is the one which we have put in most effort on and have been building for +10 months.
The art itself is amazing, however, we were aware that NFTs still have a big problem. They are usually not liquid, meaning you need to have a buyer to sell your NFT.
Then, we discovered the 404 contract on ethereum, which was the first opportunity to trade NFTs like tokens, giving you the best of both worlds.
We still tested that concept out with our FUKIYU(MILADY)🌑midnight collection which can now be minted on Scatter.
This collection was released the last week, and is our way to try the 404 but also to bring new, diverse people to our project. (we have an entire piece on ETH 404 so we won’t go into a lot of detail about that here).
However, there was still an issue - Ethereum has high fees, and we wanted something highly tradeable.
That led us to Solana.
At this point, Fukiyu, our token, also emerged on solana, as an answer to the growing popularity of memecoins. However, just like NFTs , shitcoins have a problem.
Everyone is doing memecoins now, and it has become a battlefield, full of scammers and jeeters, and pump and dump projects.
And since day one, we have been developing an idea: how can we build something fun, but also sustainable, something that has a chance to bring long term value to our holders?
And at this point, Hybrid DeFi arrived as the final solution, solving both the main NFT and the main memecoin problems.
We stumbled upon Libreplex, which offers a fully tradable liquid solution for unique NFTs on Solana.
Then, we got back into our metadata, which was already insane, and went through it in several different ways - with help of the LibrePlex team, with our custom AI models, and by handpicking, to determine rarities within the collection.
That means, all NFTs will be tradeable like tokens, but not all of them will have the same value, which will depend on the rarity.
Basically, you’ll be able to “break up” the NFT and trade the coins, while the NFTs will still be listed on all major marketplaces and most used wallets, like Phantom and SolFlare wallet.
The launch will be on Solsniper, and Fukiyu holders will have perks and advantages.
Making NFTs liquid means you don’t have to have a buyer for the NFT, you can trade it like fungible tokens.
This helped us solve the Fukiyu problem too, as Fukiyu is now a publisher and launchpad for all other projects.
Holders of 25 000 fukiyu are automatically whitelisted for the Midnight Apes collection, and have 33% of on the NFTs, 50% off on prints, entry to profit sharing DAO (to be deployed on http://ape.fund).
Those who got Fukiyu also got perks on our previously mentioned Moonlight Milady collection, and will keep getting priority treatment on everything we do. We are constantly thinking of new and better rewards for Fukiyu holders as they are our realest OGs.
In the words of our founder
“This is my dream come true ! - Good art , with all metaverse metadata we designed for it , tradeable like shitcoin on chain with minimal fees 😱😱😱🤯😱🤯”
