Analyzing and Interpreting the Okay Bears NFT

Ten thousand non-fungible tokens known as Okay Bears were issued on the Solana blockchain on April 26th, valued at $150 on the day of minting, for 1.5 SOL apiece.

The philosophy for the project effectively draws in. It amuses while implying the team’s actual goals for the collection, which are to establish a laid-back and energetic community where advancement, “good vibes,” and acceptance are prioritized.

Okay Bear NFT guide will tell you about the journey. The Bear Market is described as “an ecosystem of web 3, web 2, and IRL (in-real-life) sales channels, exclusive for Okay Bears holders, built through robust partnerships with industry-leading brands” in a clever and possibly coincidental wordplay, given that we’re currently experiencing a crypto bear market in May 2022.

  • Magic Eden, a Solana marketplace
  • Token-Gated eCommerce, holders only have access to special goods via a Shopify integration.
  • IRL Okay Bears Pop stands for real-life activations, such as flash pop-up shops at conferences and in locations all over the world.

Work is completed at the workshop. The group claims that it will keep promoting the Okay Bears brand using a variety of strategies, such as public awareness campaigns and community involvement, all the while upholding corporate social responsibility.

In the bitcoin community, WAGMI is an abbreviation that stands for “we are all going to make it” now. Alright, the Bears adopted a different strategy and produced the WAGBO version, which stands for “We are all going to be okay.”

In addition to community lo-fi, priority access to upcoming collections, and a location to network with other holders. While seeing possible art drops, among other benefits, Studio HOLDERS will receive.

Focusing on goals unrelated to visual art, Okay Bears also assembled a compilation of low-fidelity mixtapes created by its members and released via Spotify.

In the Okay Bears universe, The Park is a virtual location where the entire community can congregate. It consists of the brand’s several social media channels and a Discord channel without original roles to support equality.

This one should go without saying. The Gallery is a representation of Okay Bears’ core and front-runner collection of 10,000 non-fungible tokens. In addition, the group intends to host in-person pop-up shows and include a carefully chosen fan art page.

Holders get access to handcrafted real-life goods, mementos, souvenirs, and prints at the Boutique. Only the Okay Bears brand and its holders are eligible for this.

To link industry players, opinion leaders, and holders, Platform Okay Bears also intends to sponsor conferences and events. Additionally, they intend to open “The Honeypot,” an incubator that funds neighborhood projects.

This article about Okay Bears NFTs explained the Web3 model, the creators of Okay Bears remain nameless. There are twelve members of the team, according to the official website.

The co-founders of the initiative are Kais and Suby. On Okay Bears, they also have writers, software engineers, motion designers, concept artists, illustrators, full-stack developers, digital artists, and game developers.

A while back, it was thought to be highly risky to have an anonymous team, but NFT communities have grown to welcome that, and the majority of well-known projects have unidentified founders. For instance, before they were eventually doxxed and long after the collection shot to fame, BAYC’s team remained utterly nameless. Additionally, practically no one knows anything about Azuki’s crew.

Okay, so Bears features drawn characters with a variety of attributes, just like other well-known NFT collections. Because each trait has a limited number, highly unusual combinations are possible. Bears make up the characters themselves.

The following categories are used to group the traits:

  • Oral
  • Fur
  • Eyeglasses
  • Hat
  • Outfits
  • Views
  • Context

On April 27, 2022, the project was completed. The mint price was 1.5 SOL, and the transaction ended in an instant.

Since then, the collection’s floor price and popularity have both soared. The floor price is 250 SOL as of this writing, meaning that in less than a month, there will be a return on investment of about 16,500%.

For purchasing Okay Bears NFTs, the two most well-liked marketplaces are Magic Eden and OpenSea. You will need to link a Solana-based wallet in any case, and the Phantom Wallet is by far the most widely used option.

Purchasing an NFT is a reasonably simple process, however, if

You must locate the official collection after connecting your wallet. Simply enter “Okay Bears” and select the collection that has a blue checkmark on it to accomplish this. After that, all you have to do is choose an NFT that appeals to you, click the Buy button, and you’re done.

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