What is Monkai?
Monkai is a multi-chain NFT project running on Ethereum and Solana that aims to provide innovative utility, community building and an epic PVP metaverse. Monkai holders can gain access to the Monkai Decentralized Autonomous Organization (DAO).
The project team is expected to release the first collection of Monkai NFTs on July 26, 2022 on the OpenSea marketplace. NFTs are drawn showing their side profile with a mysterious vibe around them. Most of them are cartoons, adding a more noticeable effect that holders are sure to appreciate.
Advantages of multiple chains
The community tries out the first multi-chain project with Monkai, but it doesn’t stop there. There are four main benefits the community can look forward to once the project is fully deployed:
- Breeding – Holders of two or more Monkai NFTs are eligible to breed them to create a new and unique one. Reproduction is a way for holders to create NFTs that can be special to them. It also allows them to earn tokens.
- Impressions – The project team designed the NFTs in the best possible way for the community. Legendary Monkai holders will receive impressions of their NFTs. This way they can enjoy your artwork.
- Bounty Carriers – Individuals with three or more Monkai NFTs qualify for a free NFT. It’s just one of the many rewards the project aims to offer the community and holders who have shown their support.
- Staking – The project team allows holders to earn tokens passively by staking their Monkai NFTs. Their page shows transparency by providing information such as total staked, rewards, and claim date. The community also has the option to use Ethereum or Solana.
Monkai Projects
The Monkai team noted that numerous NFT collections lack interesting concepts that would keep their community interested and growing. Monkai takes advantage of this situation by making its content rich with stories, aesthetically designed characters and dynamic stories to share. It also includes the plan to give its holders different utilities that would keep them captivated.
first phase monkai
The first Monkai phase is driven by the mission to give back to the community. It involves individuals purchasing a Monkai, allowing them to redeem Tokens weekly with the chance to enter sweepstakes, breed and trade. NFT holders can also earn the $MONKAI token and gain access to their DAO. The team ensures that the staking of NFTs and tokens runs smoothly by preparing Ethereum and Solana technologies.
Symbol
One of the goals of the project is to create a liquid token in both ETH and SOL, making holders have flexible decisions. NFT holders can obtain a $MONKAI token in three ways: by betting, exchanging on Raydium, and playing the planned web3 game. The team also plans to integrate the multi-chain token into the ecosystem that holders can use to purchase goods such as physical parts, the web3 liquidity program, or in-game currency.
Games
Monkai drives the development of its play-to-win game, encouraging players to work together using buffs and strategies. Its concept allows players to think and outsmart their rivals while enjoying the game’s visuals and storyline. Leaderboards are also present to recognize players striving to reach the top. Finally, to improve the community, the game will allow players to access different features: text channels, trades, gifts and friend lists.
Anime
Monkai NFTs will have generations, each with their own stories to tell. The first generation is scheduled to take place in Japan during the Edo period. Its plot introduces the tension between two bloodlines: Yokai and Monkai. The project team is also considering releasing the comic and creating an anime based on the plot.
Monkai Utilities
Monkai is not just about anime, but a whole different world when combined with the metaverse. To keep the project alive and growing, it has six diverse utilities that allow the community to experience the metaverse and anime with Monkai.
Benefits of Monkai Participation
Monkai has officially launched its growth-focused web3 technology. In this way, the project can attract a community willing to offer constant support and love. To reward individuals who believed in the project from the start, they will receive Genesis passes; access to Monkai, Ethereum and Solana ecosystems; a chance to participate in events and programs; and access to exclusive artistic materials. These benefits serve as a way to recognize the community’s contribution in helping them make this project happen.
Bottom Line
Anime is already common on the market, but making it an NFT makes Monkai an interesting project. These Monkai NFTs aren’t just designed to please the owner’s eyes. Instead, the project was created with a new advantage to offer – the first multi-chain NFT in ETH, SOL and NEAR. Monkai has only just begun to complete its initial plans, and the community has a lot more to do with its new developments in mind waiting to be released.
