The NFT world is currently getting flooded with multiple projects getting launched everyday. This is caused due to the spike in interest that was generated due to the wild success of pioneer collections like CryptoPunks and Bored Ape Yacht Club (BAYC). A single NFT of these collections is worth more than 100 ETH which is currently worth more than $300,000. Many people made life changing gains by holding onto these NFTs for a few months.
These success stories created a mad rush with people throwing their money at projects which they guessed could be the next BAYC. This inflow of capital attracted a big number of scammers as well, which we have noticed in every other area of crypto whether it is scam coins, fraud DeFI projects, rug pull P2E games and the list goes on.
We are now faced with a situation that more than half the projects are either obvious rug pulls or a soft rug with the team giving up halfway. This is made worse by the reduction of new capital flowing into NFTs. This makes it difficult for even genuine projects with good intentions to raise sufficient capital to run their projects and slows down their roadmap.
Through these set of articles my main intention is to help newbies into NFT space identify which projects have more potential than others and I will break down which parameters I have considered for my analysis. I would like to clearly highlight that this is just my point of view and not financial advice and like always you should DYOR before making any investments.
The first project I want to cover in this series of articles is Voxel Ville. In fact I am so impressed with the roadmap that if someone asked me to reduce my NFT portfolio in 2022 to a single NFT project I will probably chose this project.
What’s Special about Voxel Ville (VV)?
The first question I consider before joining a NFT project is how will this collection be any different from the plethora of projects out there. Considering how flooded the market already is with 10K PFP collections, it is really important for me that the project is offering something new or unique.
In this regards Voxel Ville really aims to be a game changer. While 99% of the projects out there are basically trying to redo what the Punks and Apes have already done, VV is working on a completely different niche. They are developing small limited collections themed around houses in different landscapes. Their genesis collection had just 250 lakeside cabins, which was followed by 500 suburb houses. They have since then launched collections focused around Japan, London, Jungle, Farm and special editions on Halloween and Christmas.
They regularly share videos of the process how the VV NFTs are prepared. It really is a meticulous job and it’s clear the team enjoys what they do. The project has been around since September 2021 and their growth has been completely organic. They do not rely on aggressive marketing or influencers to boost their followers.
What is the Team behind VV?
The team is semi-doxxed with the founders and devs sharing their twitter IDs on the website. What is reassuring is that they have used their regular Twitter IDs which are 10-12 years old in some cases and have details about the other projects they have been involved with earlier. Some of the members have even shared there Twitch account links so you can see there are real people working on this project and not fake IDs created for a quick cash-grab.
What’s Exciting about their Roadmap?
I have been part of the project since they launched their Genesis collection last year and have seen that they are delivering well on the planned roadmap.
They have released 5K NFTs through 9 diverse collections and will be launching 5 more collections before their hit their limit of 7.7K NFTs in total.
The two things I am really bullish about their roadmap is the launch of their native utility token which will be awarded to all VV plot holders and the other is soon to be launched Avatar collection of 10K residents in their Metaverse ecosystem.
They have priced all their mints at a fixed price of 0.05 Eth and will maintain this rate for future mints as well. If you already hold some plots you have a good chance of making it to the whitelist. In each collection they keep some NFTs for a fair public launch as well which has the same mint price of 0.05 Eth.
What’s my Long Term-plan for my VV NFTS?
Considering the fact that they will soon be releasing their native tokens I plan to hold the NFTs I current have across their various collections. Additionally the higher number of VV plots you hold will make you eligible for minting a higher number of the Avatar collection which will be like a companion mint of residents wandering in their Metaverse. This is an added benefit of holding the NFTs long term.
For people who are wondering if now is a good time to enter the project then I think current floor prices are really low due to the lack of volumes in general of the NFT market. At the time of writing this article the floor price of the collection is around 0.13 Eth which is not too far from the minting price. The Genesis collection is at a floor of 1 Eth which is down from the recent high of 3 Eth and I will recommend buying the Genesis only if you are really convinced about the project after doing your own research.
TLDR, What are the Main TakeAways about VoxelVille?
In a nutshell the reason I am in love with this project is that they have the courage to think out of the box and create a genuinely unique project which is not a obvious rip-off of the existing PFP NFTs. They are building with an end-to-end Metaverse ecosystem in mind which includes housing plots, residents and integration with Sandbox. I prefer projects which reward holders with utility and does not encourage the flippers.
If this project sounds interesting and you would like to get more details around it then you can access their website at the following link: https://www.voxelville.io/
Let me know if this article was helpful and would be interested in more such posts. Also comment if you know any NFT collection which you are planning to hold long term due to the special utilities they offer.
Cheers,
SamBTC
