Tamadoge NFTs are live and aim to challenge the BAYC 10x Launch
The first Tamadoge NFT auction is live. The auction is scheduled to last seven days, and the bids are increasing rapidly on OpenSea. Some NFTs in the collection have already reached bids above 1.8 ETH on day one, as investors aim to challenge the Bored Ape Yacht Club (BAYC) NFT collection’s 10x launch.
The Tamadoge Super-Rare Collection is quickly gaining momentum
Note the following #TamadogArmy!📣#Tamadog Ultra Rare NFTs are on sale now!🤩
Starting price: 1 WETH
Listing type: Fixed time auction
Auction length: 7 daysBuy now at @open sea And get a 90% better chance of being among the top 3 on our global leaderboards💪⬇️ pic.twitter.com/AiSfNTD9HX
— TAMADOGE (@Tamadogecoin) 6 October 2022
The NFTs that were auctioned are from the Super-Rare collection, with 100 NFTs up for grabs in this exclusive category. The Super-Rare NFTs provide enhanced features for Tamadoge pets when battling.
The auction started on October 6, and the highest bid for the NFTs has already reached 1.8 ETH, currency worth almost $2,500.
The collection will total 21,100 NFTs, divided into Super-Rare, Rare and Common categories.
Super rare NFTs aiming to challenge BAYC NFT 10x launch
A selection of BAYC NFTs on OpenSea
It seems that investors are doing their best to get their hands on the super rare NFTs as they believe they can challenge the 10x returns that the BAYC collection provided.
The very popular BAYC was launched in April 2021, starting at 0.08 ETH. The NFTs started gaining momentum when highly respected Twitter-based NFT collectors started promoting the project. After that, the entire 10,000 NFT collection was sold out within 12 hours.
From there, it was only upward momentum for the NFTs. BAYC quickly made a 10x return from launch prices when investors started paying 0.8 ETH. It then continued to 10x over and over as buyers whipped out 8 ETH, then 80 ETH, with the most expensive BAYC NFT, number #2087, selling for an extraordinary 287 ETH in September 2021.
Well, it looks like the Tamadoge Super-Rare collection is aiming to replicate the success of BAYC. It may not continue to 10x like BAYC did, but an initial 10x is undoubtedly on the table for initial investors. Additionally, only 100 Super-Rare NFTs are available, making them all extremely rare and highly desirable in the Tamadoge ecosystem.
NFTs are required to participate in the P2E ecosystem
The NFTs were launched at OpenSea on 6 October
The NFTs are required to participate in the Play-to-Earn (P2E) ecosystem, which allows holders to breed, train and battle their little Tamadoge NFT pets.
In particular, the Super-Rare NFTs give owners up to a 90% better chance of placing in the top 3 on the Global Leaderboards compared to the Rare and Common NFTs. Players who rank at the top of the leaderboard each month can claim their prizes from the monthly doge pool.
The NFTs come with a unique feature where an animated 3D model is attached to it. This 3D model allows the owner to use the Tamadoge Pet as an avatar in pre-existing partner-created metaverses. Holders can also use them in Tamaverse itself once it launches.
Further down the line, Tamadoge also intends to launch an Augmented Reality application, which will allow users to interact with their pets as if they were in the same room. This will likely start a massive trend, similar to what the Pokemon series achieved when it released the Pokemon Go AR app.
How high will the bidding go in 7 days?
Bids already passing 1.9 ETH, 1 day after sending
The growth of the Tamadoge ecosystem has been truly astounding. Just eight days after the launch of the TAMA token on the top exchange OKX, the price managed to rise by over 800%. Furthermore, it provided gains of around 1800% for early pre-sale buyers.
The momentum has slowed down a bit as the TAMA token begins a much-needed retracement after its parabolic growth.
However, considering the size of the community, with almost 60,000 in the Telegram chat, we can expect bidding to go well above 1.8 ETH in the coming days. As an estimate, some of the NFTs from the super rare collection are likely to fetch bids of 5 ETH and above, while the rarest ones in the collection are likely to exceed 10 ETH, yielding a 10x return from the starting price of 1 ETH.
