As more artists find profitable opportunities with NFTs, they’re looking for ways to make hip and trendy drawings while maintaining that level of value for the buyers. After the success of the Bored Ape project, other NFT developers want a piece of that pie. We’ve seen various non-fungible token arts, including 8-bit Budgies, CryptoPunks, and Cool Cats, each with unique art styles and randomly generated designs.
One of these groups is Wild Fat Cats: a collection of vibrantly drawn cats but animated. The developers also offer a unique system to prevent NFT flippers from decreasing the floor and ensure that the supply cycle stays within the community. Here’s our research on Wild Fat Cats.
About Wild Fat Cats
The NFT project is fairly new and built from the Solana chain. Wild Fat Cats (WFCs) work just like any randomly-generated NFT, except this one, is animated. Who wouldn’t want to own a rad cat that waves, winks, and talks to you?
The developers, Metaversal Studios, plan to create an animated series featuring WFCs, complete with skits, stories, and all the works.
Most likely, they will broadcast the show through their official website, Twitter, TikTok, and YouTube channels, and it would be interesting to see how it all works out.
According to their website, the WFCs are generated as follows:
- Each Wild Fat Cat represents one of six threatened big cats, and their probability is determined by the real-life presence in the wilderness: jaguars (20%), cheetahs (10%), leopards (33%), lions (26%), tigers (5%) and snow leopards (6%).
- Each big cat will be granted one of 37 backgrounds and waves to suit its habitat with perfect aesthetics supported by custom algorithmic rules and weights.
- The algorithm will grant each Wild Fat Cat with one or a few of 100 creative and imaginative accessories, such as a surfboard, wave, and wearables.
Thanks to Solana, the processing for these cats should generate faster and cheaper than the competition.
NFT Buyback Feature
Perhaps the one that stands out the most with WFCs is the NFT buyback feature. The ongoing NFT flippers keep causing problems with the value of NFTs because they scalp sell the products. This brings the price floor of that particular NFT project to go lower as it branches to other nasty situations like piracy and counterfeiting.
Conclusion
To combat this, Metaversal Studios present a paperhand protection program that includes a 70/30 buyback within a 24-hour window after a WFC minting. The team is willing to buy back the NFT for 70% on the returns. It may seem overzealous, but if it means preventing scalpers from entering the project, the plan may work out properly.
