Meebits in contract also mentions it is a custom marketplace favoring like-kind trading of up to 100 Meebits per transaction. This includes buy, bid, and ask transactions.
The Meebit community is active with 12,721 Twitter followers, including 87 influencers, and 7,716 Discord users. Among the issued 20,000 NFTs, there are 6,575 wallets holding NFTs in this collection, including 95 whales and 3,091 blue chip holders.
Meebits NFT Qualities and Categories
This animated NFT is used as metaverse avatars. It was developed in 2021 by Larva Labs which is the creator of CryptoPunks. Matt Happ and John Watkinson founded Larva Labs, and they created Meebits to expand the success of CryptoPunks.
In March 2022, Yuga Labs, the team behind the wildly popular Bored Ape Yacht Club NFT collection acquired the intellectual property rights for both CryptoPunks and Meebits from the Larva Labs team.
The attribute categories with this NFT are hair, beard, hat, glasses, shirt, overshirt, pants, shoes, necklace, earring, and jersey num. The various types of descending rarities included in this NFT are dissected, visitor, skeleton, robot, elephant, pig, and human.
The collection is inspired by Minecraft characters, and ensures every character possesses unique qualities like the tattoos, or hats or glasses to make it different.
Meebits are used as profile pictures on social media and as avatars in the metaverse. Each NFT has the OBJ file. This means they can also have 3D printed form by holders who like to add it as a physical piece of art to their collection.
The owners of this NFT receive an asset pack which includes the full 3D model, a T-pose animation OBJ file and high resolution renders of the Meebit. They can further get a 3D print physical model or can customize and play with their Meebit character in different games and virtual worlds in the metaverse.
Meebits has its combined marketplace where reduced-fee trading up to 100 Meebits are allowed at a time. Fees are made liable after the finalization of the trades which needs on-chain transactions between the seller and buyer.
Recent Analytics of Meebits NFTs
The floor price of Meebits is 1.21 ETH, total volume is 202.43K, and market cap is 28.59K. The total number of holders are 6.58K and the number of whales are 95. As per the May 07, 2021 chart, the total number of holders are 4,398 and no whales. On June 29, 2023, the number of holders increased to 6,575 and whales to 95.
Diving into price and sales analysis, the chart reveals floor price to be 1.58 ETH, average price and volume 1.49 ETH and 4.46 ETH respectively on June 23, 2023. On June 29, 2023, the floor price is 1.22 ETH and avg. price 1.24 ETH, and volume 8.71 ETH.
Summary
If buying Meebits NFT, think about Larva Labs in order to arrive at a decision. It has already launched many successful NFT projects. The Meebits collection immediately proved to be popular with the initial release selling out in hours. It can serve as a unique avatar in the metaverse on platforms like Decentraland or the Sandbox.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/07/01/meebits-nft-minecraft-inspiration-shows-unique-collectibles/