Keeping with my recent trend of explaining NFT projects on WAX and their use cases today ill be going over MonKey Farming and Mining. Having mentioned this project before it may seem like I'm repeating myself however I have familiarized myself with the WAX blockchain a great deal since then & I have a much better idea of how this project works now.
This will also serve as a minor continuation on Alien Worlds as mining these NFTs is facilitated through Alien Worlds.
First thing is first NFTs being used to Farm NFTs, this is somewhat of a inappropriate term to describe this system as its not similar to crypto Farming to the best of my knowledge.
The monKeyfarm concept was originally announced on October 21, 2020. The basic concept: Holders of cryptomonKeys cards have a chance to receive new card drops (monKeydrops) automatically for each new card revealed, forever! The chances to receive monKeydrops will be higher for the ‘Legacy’ Generation 1 cards 1-19. Chances will also be higher when you hold more different cards and for holders of more rare cards. In average, 19% of all new cards will be distributed this way to reward the early adopters and passionate collectors. As for all giveaways, cryptomonKeys core team members are excluded from receiving monKeyfarm drops. In addition, the team reserves the right to exclude any other wallet addresses without providing reasons.
Its a system that while resembling a few forms of crypto Farming is Not like any project I had encountered before. Some what resembles airdrops but its not quite like these either its a unique concept found in no other project.
Obviously I had to figure out all that I could about this Banano Side project. Getting to a point where I understood the connected systems took quiet a while Alien Worlds Farming systems being the more complicated aspect.
The events for farming have not been updated since April but their discord indicates a new update to their NFT mining system likely introducing more farming events as well.
Here's their farming page with all the past event info
https://www.cryptomonkeys.cc/monkeyfarm/
I had been ignoring this project figuring it was getting ready to end, However their announcement of the NFT mining being updated after their second series ended recently leads me to suspect the will have a 3rd series announced soon.
Finding info like this early can give you a jump on the rest of the market waiting for official announcements which usually give users little time to prepare.
So in the event I see a cheap cryptoMonKey NFT I grab it just incase I'm right in my suspicion. The farming utilizes NFTs owned to determine airdrop recipients, when you own a larger number of different types of Crypto Monkeys you increase the likely hood of getting an airdrop.
Since the farming is not handled directly by the users like the mining its easier to do when your time is limited set it and forget it my type of investing.
Yeah the cryptoMonKeys project actually gave me the inspiration behind my article yesterday.
@chubb149/lets-build-our-own-planet
Its a great concept allowing crypto project on different blockchains to cooperate with one another WAX NFT collections are actually quite good at this. Reaching out to cooperate with projects regardless of the difficulty in integration.
Many projects start as NFT lines that are collectable only once technical matters concerning integration are handled, do they introduce the secondary use cases.
Banano and Crypto Monkeys is still unconnected with one another however its free press and additional revenue for the project as a whole increasing user adoption and price of their crypto.
Though primarily on the MonKey planet Niri the image above gives you a list of the original mining tile positions in Game (Alien Worlds). However they update mining frequently as Alien Worlds changes regularly. https://docs.google.com/spreadsheets/d/1a9ecoafT2qbs4eXJ_3WTupq6j4itE7VG-lUTDTLX-Cc/edit#gid=733126377
Every time you mine you will receive Trilium (TLM, the in game cryptocurrency) and have a chance on AlienWorlds NFTs. If you mine on one of the lands owned by the cryptomonKeys project you will additionally get a chance on
cryptomonKeys NFTs as rewards! It’s that easy, no need to do more from your side, we will pull the data directly from the blockchain every 1–2 weeks, rank everyone and send cryptomonKeys to your wallet.
For monKeystaking rewards: Stake the TLM you earned to Planet Neri. Neri is the home planet of the monKeys, even though we have outposts on other planets. You will receive cryptomonKeys NFTs as staking rewards if you cross certain thresholds explained above, and you’ll receive more or better NFTs the more you stake to Neri. Rewards will be paid automatically to the account the NER tokens (which are received when you stake TLM to Neri) are held on. You can check your ranking here. Also, when you stake your TLM to Neri you will indirectly increase mining rewards for all miners on Neri and have the ability to contribute to the governance of this planet.
Just for fun, not mandatory or giving extra rewards currently: When you stake, make sure the decimals are .1919 (e.g. staked amount total 1234.1919) so everyone will recognize your stake as coming from the cryptomonKeys community.
In case of doubt if all is correct or any questions, join our discord and ask anyone in the channel #monkeymining for help to double check.
They even have gone so far as to have Alien World NFTs that are used as in game items like normal but have the Banano logo and imagery. Effectively promoting both projects they are involved in.
Mining information pertaining to crypto Monkey Mining
https://www.cryptomonkeys.cc/monkeymining/
Due to their close involvement with the alien worlds NFT collection CryptoMonKeys is a NFT collection to keep your eye on. lack of news in this case may be more telling then announcements just an educated guess but something big seems to be coming they just cant announce it yet.
https://wax.atomichub.io/explorer/collection/crptomonkeys
Since alien Worlds is developing so quickly and has multiple partnerships and planetary governance a project utilizing a similar principle to Crypto MonKeys would be great for Hive.
Even just something less involved then planetary governance but an NFT line commemorating a Hive front end with limited use outside collecting the initial NFT isn't all that popular Hash Kings Battle and Crypto Brew Masters all tried this.
Cool sure at first but it doesn't hold the publics attention, Banano has a give away involving both their NFT line and Banano on their discord every so often.
Another project on WAX but not affiliated with Alien Worlds but has a future integration planned is the Upland WAX NFT collection through Blockchain Heroes another major WAX producer. Their NFTs exist only as collectables now but will be integrated with their project some time in the future.
A project set up in a little more rudimentary fashion would be a good staring point for a commemorative Hive front end WAX NFT collection set up to utilize a similar concept to monkey farming or even airdropping crypto to certain specific asset holders Via discord events to users that own specified NFTs in their collection. Proving that would be simple and a few events in and word will begin spreading sort of a NFT viral marketing campaign for the Hive front End and their corresponding NFT collection.
This is a very accomplishable Goal hell I can do this however It probably would be a little more popular if whitelisted giving it inclusion on atomics list of WAX NFT collections.
Doing this with a few successful events increase rarity and then demand based on the rewards for ownership being highly sought after. Every resale in a collection of NFTs can have a specified % of the proceeds go to the producer of the NFTs.
By hybridizing a give away event and Not selling the NFTs but airdropping them to users like the farming function you would create a perfect storm of demand and mystery that packs of NFTs and even game integration simply cant.
Marketing like this goes far past what an add or even merch could hope to accomplish. Those forms of advertising inform the consumer the type of system I just described does something more causing them to seek out answers thus being much more effective then a traditional add.
Banano is extremely skilled at this form of marketing and given that their project is not all that great with very few uses yet still benefits from their artistic handling of their NFT line.
something like leo finance, Hivelist, Weedcash, Natural medicine or any of the Hive front ends with their own crypto and blog utilizing even one of the cryptomonkeys revolutionary advertising concepts on a WAX NFT line could benefit in a way not thought possible for such a low price point advertising is expensive once implemented a system like this could pay for itself using resale revenue to pay for the airdropped crypto. Advertising effectively for free once it has began the most expensive part would be overseeing the airdrops or paying staff to do so.
Failure would be a possibility if they where not blogs with a massive followings on Hive generating awareness of the NFT line can be done here, on discord and twitter at first enough awareness with just enough NFTs being made available at first to both ensure demand and decrease the likelihood of a failed launch.
If your interested in this concept I would happily assist if I can
Labeled as GWC this is a Indica dominant hybrid which is a mixture of girl scout cookies strain and the wedding cake strain. nice dense buds with a pungent skunky aroma and a heavy buzz.
The specimen in the photo was harvested on February 7th 2021 With a THC level that tested at 17.23%. Expertly grown with a great taste and smell being noteworthy.
I try to include a single claim airdrop URL for WAX wallet users containing free NFTs, It may only be claimed by the first lucky person to click the link. After claimed once the URL will no longer be active. The lucky reader should receive 5 NFTs if you received less then 5 check your whitelist settings. Includes a CryptoMonKey
https://wax.atomichub.io/trading/link/69452?key=5HqB8Y2xhAbmPp7PJFL4gAiJ1TogVEYvknAxB7VjHvFarEwzZii
once claimed please let other readers know in the comments it helps
If your interested in purchasing any of my NFTs from my ever expanding collection you may do so here. My stock constantly rotates so it changes daily
https://wax.atomichub.io/explorer/account/akyqy.wam
Dark country a WAX dapp game like splinterlands a bit of a pain to sett up but this referral will give us both a pack of their NFTs upon completion of account set up. This is a fun game but you will need to download Itch to play the game but after that and the set up which I had to ditch Brave Browser for it to work the first time. The game is fairly fun think gothic diablo style card game based in a western theme so crocodiles and grizzly bears meets witches and zombies all armed to the teeth with colt revolvers and shotgun chainsaws.
https://darkcountry.io/play?r=chubb149
Collect social an NFT collection Dapp that awards users both NFTs and WAX
https://collect.social/referral?r=akyqy.wam
