Llamaverse is an NFT project focused on providing value to holders through opportunity and interoperability. Their core focus is cultivating a club of traders and investors while expanding the brand throughout the NFT and cryptocurrency space.
Llamaverse was started initially as a free Discord server. It eventually turned into LlamaPass in October-August 2021, and after that, they decided to revamp it into Llamaverse.
They aim to make the Llamaverse into an NFT one can hold to access all kinds of ecosystems, utilities, and benefits and to ensure every holder can find a benefit in the project even if they have different interests.
They are consistently looking for new partnerships, expanding their community, and forming mutually beneficial use cases, such as using tools, sharing alpha, establishing connections, and accessing play-to-earn games and marketplaces.
More than 40 other people are working on this project.
The project has two founders: NFTLlama(CEO) and Hellequinnn(COO). The rest of the core team is also not anonymous. Their roles range from Discord administrators to artists and developers.
They are partnered with KaijuKingz, Godjira, Pixlverse, Just Cubes, World Wide Web 3, and Generative Dungeons, to name a few. Their roadmap is quite detailed compared to most other NFT projects, with long elaborations on how exactly they plan to achieve their goals and how different aspects of their ecosystem relate to each other.
NFTs
There are 4000 genesis NFTs with pixelated art styles with different rarity traits and are further divided into animated (500 Llamas) and static (3500 Llamas).
- Stake your Llamaverse
- $SPIT token yield
- Llama calls and upcoming alpha
- Access to high-tier rewards within the marketplace
- Discord trading bots
- Polygon based marketplace
- Future airdrops and whitelist opportunities
- Access to AlphaSharks, AntiRug, Whitelist Ping, and ApeChef Tools
- Access to JustCube’s private node
- Access to RooTroop’s job bounty marketplace (web3 jobs)
- Alpha calls from other partnered discords ( Popeyes, Champs, Zooverse, etc.)
- Access to SMOLVerse
In 2021, 1400 Llama Passes launched as a free mint with the additional option to mint a Gold pass for a small payment. 1200 Llamapasses were given for free to active and early users of their Discord server. On the 20th of February, 2022, they rebranded to a Llamaverse NFT. All pass holders were able to mint a Llama for free. The remaining collection (4000 NFTs) was available to the public through a Dutch auction. The lowest it got to was 0.44 eth, less than $1500 at the time.
Other projects and NFTs are a part of their ecosystem, all overseen by LlamaLabs. These include:
- Llamaverse
- Llamascape
- WhitelistPing
- NFTLearn and Spit Buddies
The Llama Pass was then renamed to LlamaBoost (a separate NFT collection), and they adjusted the utility accordingly. It now acts as a yield booster for $SPIT tokens, as a free mint pass for upcoming LlamaLabs projects, and has a 100% success rate when attempting to generate a Spit Buddy.
After the public mint, the floor saw a consistent increase in value for the next few weeks, reaching a peak of 7 eth at some point in April 2022. Now it is trading at around 1.5 eth ($2300).
Token
Llamaverse has a utility token, called $SPIT, with a fixed supply of 100 million tokens. It is built on top of Polygon (Ethereum’s most popular layer two solutions). It started trading in early may and has been on a steady decline since it launched, losing nearly all of its initial value in the following weeks.
They don’t have a detailed breakdown of tokenomics, but a summary is as follows:
- 57,500,000 $SPIT in Circulation
- 30,000,000 $SPIT in Dev Wallet
- 5,000,000 $SPIT to Hellequinnn
- 5,000,000 $SPIT to NFTLlama
- 2,500,000 $SPIT to BrotherAli
They are transparent about the funds. They emphasize that they will not provide liquidity and that the dev wallet will not be touched unless they, for some reason, “run out” of $SPIT and future giveaways within the marketplace and bring in new members on board.
Closing Thoughts
Llamaverse shows the power of the community when it comes to NFTs. It is a shining example of what a bunch of smart, devoted, and hard-working people can achieve if they focus their energy together. They built this from the ground up – starting it off as a free membership discord and manifesting it in an interconnected ecosystem of expanding products, games, and services.
They have positioned themselves at the forefront of the metaverse with good partnerships and connections in the NFT space.
Their recent integration into the Gridcraft ecosystem as one of the genesis partners is another move that could prove very fruitful in the coming months.
Admittedly, their $SPIT token chart isn’t exactly a sight that inspires confidence, but the floor for Llamas is resilient to the harsh bear market conditions and holding strong above 1.5 eth, which is impressive for a free mint.
Due to the nature of their project, this isn’t just a “sit back and relax” type of NFT hold. If you buy a Llama, make sure you are buying it for the right reasons and prepare to be active in their community, utilizing their tools and contributing in ways you can.
