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Cryptocurrency6 hours ago (Nov 21, 2021 06:30AM ET)

Minting Day is Approaching for the Rare NFTs from Outer Space
Minting Day is Approaching for the Rare NFTs from Outer Space

soAliens are extraterrestrial but have been living on Earth for quite some time, hence their adoption of human culture and lifestyles, and this has resulted in some of the coolest and rarest NFTs out there.

10,000 unique soAliens are slated to be minted on the 24th of November at 12 p.m. UTC, for an estimated price of 0.33 SOL.

There are four team members in total working on soAlien: Roro, Fresh Prince, Mister T, and Bebop. One artist, and three others whose focuses range across tech, community management, marketing, and strategy. Part of the team’s vision is to involve each owner of soAlien NFTs in becoming part of the project’s decision-making process via a democratic system.

Mister T, in a DailyCoin exclusive, spoke in detail about the project and soAliens’ future goals:

“We believe soAliens fit well into the Metaverse; somewhat real, somewhat fiction. In addition, the complexity of conspiracy theories and real information about aliens helps to build a continuing story, technical features and, of course, to engage the community.”

soAlien Is a Chapter-based Project

The team aims to work together with future NFT holders to create new chapters for the storyline. In Chapter 2, only NFT owners will be able to participate in the storyline, and later lend their aid in Chapter 3 as well. The project has laid out a framework for Chapter 2, in which soAliens (AlienVille, Chapter 1), will have a new species coming to live with them.

“‘Chapter’ means that we don’t just promote the collection, mint it, and then put it on different marketplaces. We want to involve the community and the NFT holders for a second, third, and maybe more chapters. Only those who hold at least one NFT can participate in the next storyline of this project,”
Mister T clarified.

The roadmap consists of the following tools and features:

  • Gatekeeper – The main wallet issuing minted NFTs and receiving minting funds. Gatekeeper will serve as the main interaction wallet to ensure that everything runs smoothly and transparently on the Blockchain. The functions of Gatekeeper include: the main project wallet, the NFT sales treasury, a Burn issuer, a Shizzle Tax receiver, a Royalty receiver, and the Area 56 Deflationary Mechanism. The project will use 2% of all royalties to buy back NFTs and burn them, taking them out of the collection, and therefore circulation. This will reduce the circulating supply, helping to maintain and stabilize the price.
  • Shizzle My Alien Tax (SMAT) – SMAT applies if you list one of your soAliens on a secondary market at the highest sale price. SMAT will flow into Gatekeeper and be used to buy back NFTs and burn them in accordance with the Area 56 Deflationary Mechanism, thereby reducing the total number of soAliens available on the market.
  • Spacecraft (Governance & Staking) – The project will implement a governance vault, which means users will need to stake their NFT in order to participate in reward distribution. This will be done via a snapshot and the length of a user’s respective NFT stalking. Spacecraft will also be the main decision vault – users get a vote for each NFT owned to contribute to guiding the project’s direction, when necessary.

Play-to-earn NFTs in Alienville

Play-to-earn is a business model through which users get to play a game and earn cryptocurrency while doing so. The key component in this model is giving gamers ownership over certain in-game assets, and allowing them to increase their value by actively playing the game. Defining the ownership and even transferring it is possible through the use of NFTs.

The leading example of play-to-earn at the moment is . It’s a video game that utilizes NFTs. When playing with those NFTs, whether it’s fighting or building the city, players receive rewards in the form of tokens which can then be cashed out. The soAlien team may add the play-to-earn feature to their project as well:

“We are super excited for what’s coming, and how Crypto, NFTs, and the Metaverse change literally everything we are used to. We are listening to the community, but also thinking ahead to create long-lasting value and a growing project.

Last but not least, we are considering adding play-to-earn, and we are discussing with the right people how to support this development. For minting and the roadmap for the rest of 2021, we’ll stick to what we can deliver – we have a concrete plan, we will involve the community and announce next steps.”

On The Flipside

  • Even for the most promising projects, the future is always uncertain due to the nascent NFT industry.

Why You Should Care?

NFTs are gaining popularity and the industry seems to be expanding at a rapid pace. Non-fungible tokens are showing potential in both the financial and creative spheres.


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