Top utility NFT collections in the Dotsama ecosystem.
In terms of utilities, the NFT ecosphere has developed past satisfying just PFPs and serving as access to private communities. In the Dotsama ecosystem, NFTs are redefining ownership and utility margins with the advent and introduction of the EIP5773 token standard by RMRK. This token standard allows NFTs to become “parent figures” (or base NFTs) to other NFTs that serve as new features, or special upgrades to the original NFT.
While this standard of NFT tokens are still in development, a scroll through Dotsama NFT (eg: Kodadot,Singularity and Moonsama) marketplaces would give ardent NFT traders an opportunity to explore some of the finest and most utility-based NFTs the ecosystem has to offer. So in this article, we would be discussing some of the NFT collections making a difference with their utilities in the Dotsama community.
Identifying successful NFT projects.
Ideally, there are a variety of factors to be considered when scrutinizing for successful NFT projects. For most NFT traders, the dividends of successful NFT project are mostly;
- High/stable floor price: Most NFT traders would only refer to an NFT project as successful if it has a high ROI. The demand for (instant) profit after mint often obstructs the true essence of a project’s utility, as such traders focus more on floor price over deliverables from the roadmap.
- Community impact: For others, the value of information and opportunities available within the community is most important. They see beyond the market situation post- mint, and focus on what value the community and its members can bring together.
It is important to note that there are other important factors used to rate projects performance. Such includes;
a. community strength(in numbers and personalities),
b. team/ founder’s credibility,
c. social identity, etc.
For this post, we shall combine all of the aforementioned factors, as well as the level and value of services (utilities) available, to shortlist three NFT collections from the Dotsama ecosystem that provide high value utility for their holders.
Top 3 utility based NFTs in the Dotsama ecosystem.
A. Moonsama NFTs.
Moonsama NFT is the first NFT collection from the Moonsama ecosystem. Launched on the Moonriver network, it is a collection of 1,000 NFT characters that provide holders with a variety of peculiar utilities.
Each NFT serves as a digital identity and pass to the larger Moonsama ecosystem. Within its community, other NFT projects are developed and launched. And as primary benefit, holders of Moonsama NFTs are given priority access to these projects before the larger Dotsama ecosystem.
Examples of some of such subsequent projects which have already been launched includes;
- Exosama NFTs: an Ethereum- based NFT project launched by the Moonsama community. Its aim is to introduce Ethereum NFT enthusiasts to the technologies and community available within the Moonsama and Dotsama ecosystem.
- Lions NFT: a Moonsama native project of 400 lion cubs. This project aims to integrate wildlife care and conservation with the powers of blockchain technology. Each NFT represents a real life lion cub growing in a Kenyan wildlife conservation center.
- Pondsama NFT: a 2D metaverse game which allows users build their own native metaponds, grow and train their fishes, while battling others and experiencing the mysteries of an ancient sunken kingdom.
Other notable utilities provided for the Moonsama NFT holders community are;
- Royalty rewards from Raresama: The Moonsama community owns Raresama, an NFT marketplace for NFT traders and artists. Royalty rewards from Raresama are distributed between artists and Moonsama NFT holders.
- Moonsama multiverse portal: The Moonsama community also owns a poly-directional NFT multiverse bridge that facilitates crosschain mobility as well as NFT composability. With this bridge portal, Moonsama NFT holders can exercise and enjoy every metaverse experience that has been created for the community.
Moonsama NFTs, upon burn and re-mint on its own (Exosama) evm chain, allow users to purchase and integrate auxiliary NFTs as features into their original NFT. Auxiliary NFTs could vary from weapons to exclusive skins, traits, etc. This composability feature allows Moonsama holders create unique and bespoke versions of the original NFT for use in a variety of Moonsama activities. These range from games, to metaverse experiences, governance votings, etc. Learn more about the Moonsama NFT ecosystem here.
B. Kusama Dragons.
This is a collection of 110 dragons launched on the Kusama network. Founded in 2021 by Steff and Prince, Kusama dragons aims to provide holders with a reliable source of passive income.
To achieve this, the project employs a unique staking strategy that was developed by the team to serve as the major utility for the collection.
Staking strategy.
There are 5 different rarity groups for each dragon to belong to. These rarities are namely;
a. Limited dragons,
b. Rare dragons,
c. Ultra rare dragons,
d. Legendary dragons, and,
e. Unique dragons.
Based on rarity, a percentage from the purchase price of each dragon is dedicated to a staking pool created for the holders.
The staking pool holds the total funds (in KSM), and staking occurs from the same pool.
Holders can earn as much as 70% of the stakes amount as rewards for their dragon. Rewards are distributed quarterly as this serves as an incentive for being a holder.
- Kusama Dragon Eggs.
Another impressive feature about the Kusama dragons is the launch of the Kusama dragon eggs. It is a collection of 1100 deflationary (supply isn’t fixed, a burn would happen if max supply of 1100 isn’t demanded by the community) dragon eggs that serve as a ticket for the 3D upgrade of the present Kusama dragons available.
Also based on rarities (or attributes of each egg), every egg would serve as a feature for the Gen2 collection of the dragons to be minted. Some of the features of the Gen2 dragons that the attributes of the eggs would influence vary from interoperability, special traits, and higher rarities that each Gen2 dragon would come with.
Kusama dragon holder can also enjoy ultimate utility-based experience by using their NFTs for other metaverse activities and recreation. You can join their discord community to learn more.
C. Astar Degen.
This is a 10,000 collection of Degen apes built on the Astar network. The project boasts of an all inclusive DAO where productive activities are incentivized and rewarded. Its community focuses on transparency and utility, which gives its holders some of the most outstanding benefits available from the NFT ecosphere. Some of these holder benefits/utilities include;
- dApp Staking: Developers on the Astar network have access to the dApp staking program, which provides an avenue for such builders to earn and grow. dApp stakers can share from up to 40% of block rewards generated within the Astar network. This is a great way to attract and incentivize developers, as the community supports their innovations.
- NFT staking: Holders who stake their NFTs also get to enjoy staking rewards from the proceeds of block/transaction fees generated with the ecosystem.
- Access to DAO: The Aster Degen project also owns a development oriented DAO, where ideas for projects are welcomed from every member of the community. Voting and decision making is also transparent, as holders can vote based on the number of NFTs held.
- VC investments from DAO treasury: Within the Astar DAO, creators and builders have access to dedicated investment funds, which is the sole purpose of the DAO treasury. The funds generated from NFT sales, as well as secondary royalties and other capital funding rounds, are pooled to form a VC fund, which is then invested into ideas generated within the DAO by its members. This gives birth to an entire chain of future projects and possibilities for members of the DAO.
And that’s not all, the Aster Degen collection roadmap indicates plans to develop more dApps, metaverse and web3 games, and a project incubator, all which would serve as sources of revenue generation for the community, and its holders.
Summary.
One constant peculiarity amongst most NFT projects in the polkadot-kusama ecosystem is their advanced composability feature. This sets the NFT standard in this ecosystem high, and positions Kusama as a leading chain in terms of NFT technology.
And as for utility, holders here enjoy an array of products and benefits, more than their counterparts from other chains can boast about.
So for ardent NFT investors who are looking for new projects to diversify their NFT portfolios with, above are three of the most utility based NFTs from the Dotsama ecosystem, that are worth taking a look at.
