Mythical Beings 2021: Year in Review
This year we launched the collection, after three years of work and betas. It has been seven months during which people from all over the world have joined us in this adventure of discovering the mythologies of remote peoples, learning fantastic stories and making good friends along the way. A great year for this community, which we break down in figures in this article.
At the beginning of 2021 Mythical Beings was a small, almost secret project within the Ardor community. We had done a few open tests, but the number of testers was not more than a dozen and the collection was totally unknown. On the 1st of June we started Season 01, accompanied by a marketing campaign, and the users started to arrive. Although the blockchain used left us out of the most known circuits of the NFT community (the main marketplaces, such as OpenSea, and the ranking sites, such as nonfungible), the quality of the collection made its way and new users arrived in large numbers, forming an active community.
Six months later, in December, we created a Bridge to Polygon, turning Mythical Beings into a multichain collection and opening the doors to major markets. The collection quickly gained traction, and we expect it to continue to rapidly expand its user base on other blockchains and in other markets in the coming year.
At the end of the year, the total number of Mythical Beings users on the Ardor blockchain was 255, and 282 on Polygon. That is a total of 537 active accounts. Not bad!
The main meeting point for these users is the dedicated Discord server, which is also embedded in the wallet itself and where users, in addition to chatting about creatures and game news, often exchange repeated cards with each other in order to complete their collection.
In addition to Discord, the next most popular medium for collectors is Twitter, with very frequent activity and a great deal of work to spread the word about the project.
NFT’s sales have escalated over time. During Season 01 (June to September), collectors bought cards at a rate of between 1,000 and 3,000 per week, with a steady pace throughout the four-month period.
Season 02 started with a lot of new features and an ambitious roadmap, which attracted a lot of attention and investment from collectors, who even managed to congest the Ardor blockchain twice and stress-test the Mythical Beings smart-contract. In the first week of Season 02, 36,000 NFT were sold, and thereafter the pace of sales consolidated to around 9,000 NFT per week.
It is true that the cards are cheap, compared to the general NFT market, at around $5 for a pack of 3 random cards, but even so… the sales figures are spectacular and there are few projects that can boast similar sales, judging by rankings such as nonfungible.com.
In total, the smart-contract has sold a total of 215,955 NFT since its publication, for a total value of 7,198,530 ignis (approx. $143,970).
Most of the trading takes place on the #trading channel of the Discord server, where users trade card for card, in a system based on trust and reputation. However, in the wallet itself, repeated cards can be bought and sold in exchange for Ignis, using Ardor’s Decentralized Exchange. The use of this exchange is also quite intensive and there is great liquidity in all cards.
In the last month, for example, 293 cards have been exchanged on the DEX, for a value in USD of 1,622.
We can call “staking” the possession of Special Cards, that is, Tarasca and Groostlang, since they distribute dividends among their holders. Both have a supply of 250 copies, and are distributed in a lottery among the Jackpot participants (every 3.5 days).
The Tarasca copies were raffled during Season 01, and the Grootslang copies are currently nearing completion. The former distribute 10% of the income from card sales in the form of dividends, and the latter distributes 6k GEM every week, the native currency that the Mythical Beings P2E game will use.
Regarding the Tarasca, it has already executed 85 dividend distributions, distributing 719,853 ignis among its holders. Its market value has been climbing as the collection gained traction and users, going from 7–8k ignis in the middle of the year, to consistent sales of 55k ignis at the end of December.
Regarding Grootslang, its value will depend on the success of the upcoming P2E game and GEM’s role in it. So far it has distributed 27 rounds of dividends, currently about 17 GEM per card, and its market value is hovering around 15k ignis.
After the experience gained in this first year, we have big plans for 2022. We have made many of them public in our new roadmap. Take a look, and decide to participate in this great adventure!