NFT REVIEW NEWS Nakamigos Unveils ‘CLOAKS’ NFTs to Community Skepticism

At a time when any move in the NFT sphere must be approached with trepidation, Nakamigos has unveiled the latest stage of it project. As a result, the team will launch 20k new ‘Nakamigos-CLOAKS’ NFTs on September 21, however, not everyone is enamored by the move.

Through its latest initiative, Nakamigos will launch 20k new ‘game ready’ CLOAKS NFTs on September 21. The drop will kick off with a 3-hour free mint for existing holders at 12pm, before opening up to everyone at 4pm for a price of 0.05 ETH ($80). In order to qualify for the free mint, however, collectors must hold an original Nakamigos NFT in their wallet during a snapshot scheduled for 11:59pm EST on September 19.

The collection itself will feature 20k more 24x24px pixelated characters, mostly in humanoid form. This time however, the shrouded figures will also feature game-like attributes such as strength, agility, and magic, as well as over 200 traits that will enhance the character’s abilities. Nakamigos will base the majority of the NFTs on humans in the shape of Archers, Warriors Knights, sorceresses and Wizards. However, rarer items will include such entities as panthers, wolves, cheetahs, ying-yangs, Komodo dragons, and bats. In addition, each item will also belong to 1 of 7 clans: Water, Sky, Earth, Steel, Crystal, Fire, and Darkness.

Minting: Thu 9/21/23

Info: https://t.co/AwXsAc6UYf pic.twitter.com/YTHia2hsMF

— Nakamigos (@Nakamigos) September 13, 2023

Eyes Roll as the Nakamigos Community Reacts with Cynicism

The plan to add an additional 20k human-like and anthropomorphic pixelated characters didn’t sit well with the Nakamigos community. As a result, many collectors now fear a cataclysmic implosion on the scale of the recent Azuki debacle.

Adding to this concern, Nakamigos didn’t exactly help things along by originally setting a mint price of 0.05 ETH for everyone, including existing holders. However, the team swiftly backtracked on that idea, and amended the early access mint fee to zero. Despite this, many of the more cynical collectors out there still have concerns, seeing the stunt as a way to drive transactional volume, and in turn, royalty payments. As a result, those vocal in the NFT space have pointed to the snapshot date set in the future as evidence of this theory.

Following the announcement, the original Nakamigos NFT collection saw a sharp drop in its floor price from around 0.38 ETH to 0.2 ETH, before leveling off at approximately 0.28 for the lowest priced NFT.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Decentralised human, Explorer, Adventurer.