CRIPCO to launch its first project, 'WADE Friends & Family' NFT, on Solana's top NFT marketplace Magic Eden's Launchpad
Project to provide exclusive benefits to members while utilizing the virtual artist WADE IP, created by CRIPCO's DAO key members IPX (formerly LINE FRIENDS) and KB LEE
2,100 memberships will be issued, with further details on the project's website (www.worldwide-wade.com), Discord server, and social media
SEOUL, South Korea, Aug. 11, 2022 /PRNewswire/ -- Global blockchain and NFT company CRIPCO has announced the launch of its first project, 'WADE Friends & Family' NFT, on the Magic Eden Launchpad on August 29, 2022, at 08:00 PST.
'WADE F&F' is a membership based NFT project that utilizes the virtual artist WADE IP, created by CRIPCO's DAO key members IPX (formerly LINE FRIENDS) and KB LEE. DJ and Producer WADE, a skateboarding and surfing enthusiast who also loves fashion and music, has garnered attention for his selection as the first virtual model for 'SAINT Mxxxxxx (SAINT MICHAEL)'.
An outstanding feature of the 'WADE F&F' project is that it is being promoted in partnership with Magic Eden, the leading NFT marketplace on Solana. Magic Eden has seen over USD 2 billion in transactions traded across its secondary market and has attracted a company valuation of USD 1.6 billion for its rapid growth.
The Magic Eden Launchpad, where 'WADE F&F' will launch, vets all launchpad projects and only accepts qualified projects. This was the case with 'Okay Bears', which is now one of the most successful projects in the Solana NFT space.
'WADE F&F' is also unique in that it presents a new and differentiated roadmap and vision following the recent shift from PFP NFTs to community-based membership NFT projects offering benefits including airdrops and IRL events.
WADE F&F Membership holders receive exclusive and diverse benefits including limited-edition music, collectible NFT airdrops, invitations to private offline events, and the privilege to reserve collaboration products in advance. In particular, with IPX on board as a key member of CRIPCO's DAO and strategic business partner, CRIPCO will continue to introduce IPX's original IP-based NFTs such as WADE PFP, and OOZ & mates.
Members can enjoy collaborations in the real world and the metaverse from CRIPCO DAO members such as KB LEE, Fujiwara Hiroshi and Edison Chen as well as Grammy-award winning James Fauntleroy. The 'WADE F&F' project aims to be a bold game changer in the NFT space by transcending the features and benefits of notable Web3 projects such as 'PROOF' in the collective NFT space, 'RTFKT' in the metafashion space and 'BAYC', one of the most recognizable Web3 IP.
CRIPCO stated that it will expand virtual artist WADE's presence from the subculture scene to the NFT space. CRIPCO also added that 'WADE F&F' will spearhead new trends and changes in fashion and music NFTs and accomplish our 'IP 3.0' roadmap by promoting the value of sustainable membership NFTs beyond IP hype.
Zhuoxun Yin, COO and Co-Founder of Magic Eden, commented, "At Magic Eden, we have ambitions to onboard the next billion users to Web3. Bringing in exciting new IPs like WADE, which sits at the intersection of fashion, music, and culture allows us to reach new users who can experience the fun and connective utilities of NFTs. We are excited to launch the first IPX/CRIPCO collection with WADE F&F and unlock a wealth of exciting utilities for NFT collectors who will be able to access an expansive suite of IP assets as well as digital & IRL experiences."
A total of 2,100 'WADE F&F NFTs' will be issued on August 29 at 8:00 PST. Further details will be posted on the project's website (www.worldwide-wade.com), Discord server, and social media.
CRIPCO is a Singapore-based global blockchain and NFT company that aims to popularize NFTs based on various IPs and has listed its native token 'IP3 token' on the FTX exchange on July 8, 2022. Investors and partners include FTX Ventures and SOLANA Ventures. CRIPCO's governance is based on a Decentralized Autonomous Organization (DAO), which oversees all business-critical decisions from IP screening to IP-based NFT projects. The CRIPCO DAO consists of corporations from various fields, renowned artists, and other influential members across industries, such as IPX (formerly LINE FRIENDS), NAVER Z (ZEPETO), Marciano MMG, Fujiwara Hiroshi, Edison Chen, KB LEE (Kyubum Lee), and James Fauntleroy, etc. In addition to attracting investment from global blockchain venture capitals and a major fashion platform, CRIPCO has secured partnerships with companies in the blockchain industry and is building its ecosystem to realize its 'IP 3.0 Hub' vision. To learn more about CRIPCO, please visit https://cripco.com
About Magic Eden
Magic Eden is the leading community-centric NFT marketplace driving the next billion users to Web3. Led by former crypto, tech, and hospitality leaders, Magic Eden is building a user-friendly platform powered by market-leading minting and trading solutions. Magic Eden brings dynamic cultural moments onto the blockchain, empowering users across thousands of digital communities to create, discover and collect unique NFTs. For more information, please visit www.magiceden.io.
About IPX (FKA. LINE FRIENDS)
IPX is the new corporate name of LINE FRIENDS, a global character brand that originally started from Original Characters including BROWN, CONY, created for use as stickers for the leading mobile messenger app LINE and its 200 million active users worldwide. IPX announced itself as a 'digital IP platform' company to enter the digital IP based metaverse and NFT business.
IPX announced its vision of IP 3.0 – allowing anyone to create, own, and generate revenue from IPs – and unveiled 'FRENZ,' a new IP generator platform where users can create personal character IPs for utilization in metaverse and NFT services. Through strategic partnerships with various companies, and its digital IP 'OOZ & mates,' virtual artist 'WADE', IPX is expanding its metaverse and NFT businesses and expertise.
Meanwhile, IPX has created popular IPs including 'BT21' (BTS) and broadened their boundaries to virtual influencers. Moreover, IPX has expanded its IP-based business by partnering with global companies including Netflix (original animated series), SUPERCELL (Brawl Stars) and NEXON (KartRider).