“Somewhere over the rainbow, skies are blue, and the dreams that you dare to dream really do come true.”― E.Y. Harburg
In this article, I explore the roots of the Noundles NFT project, the team behind all the magic, and the innovation driving the Noundles ecosystem through the roof. I’ll be following this up at some point with a progressional article with updates on the game and why I believe Noundles have the potential to redefine the stigma of NFT project tokens to a more acceptable idea and are expediting the diffusion of innovation by developing passively staked yield-generating NFTs for individual investors and collectors.
Founders Jeff & David (also known as @Avenge) created Noundles to shift the values within the NFT space to a more inclusive environment between fellow projects. Even further, Noundles were primarily developed as a “proof of concept” that will be used to demonstrate the inherent value of non-fungible tokens as having the ability to bootstrap a digital community to an entirely decentralized and on-chain ecosystem that not only has a native token, but includes game mechanics, play-to-earn capabilities, and passive-staking.
Passive staking means you don’t need to do anything other than purchasing the NFT itself and holding it in your wallet. It then automatically gets staked within the security of your wallet and begins generating the native token per NFT you have.
Now, let’s take a step back for a second and ask ourselves, out of all the other NFTs in our wallets right now — this includes Punks, Apes, Gutter Cats, and all — how many other NFT projects are creating a gamified ecosystem on-chain that enables the owners to passively stake their NFTs, generate native tokens per staked NFT they own, claim their native token rewards completely GAS-FREE, and then use those native tokens to purchase more NFTs all the while participating in a risk-style P2E game?
Don’t worry, I’ll wait…
Game Theory, Noundlized.
Noundles were stealth-launched on 11/16 and sold out in 45 minutes with zero marketing, zero public engagement, and zero Twitter raids. All Doodles and Nouns owners, we’re able to mint 1 free Noundle, and this was intentionally done to show genuine companionship amongst the space and the community-first mindset of David & Jeff. Today, we know there will only ever be 7465 Genesis Noundles due to the rest of the unclaimed ones reserved for Doodles & Noun holders being burnt and ultimately rendering the Genesis Noundles even more scarce and valuable.
With the addition of Companion Noundles and Evil Noundles, as well as of course the native token $RAINBOWS and 200+ ETH in liquidity, there are several different components of the game that make up the entire Noundle Theory and the future of Noundles as a whole, so allow me to explain:
Noundles: Part of the Genesis Collection, Noundles are the originators of the Noundle Theory. Each Genesis Noundle yields 4 $RAINBOWS per day and will be able to claim land to protect themselves from evil noundles.
Noundle Companions: Noundles feel lost without a companion, so it was an inevitable addition, and with a new public sale, it opens up the door to those that may have missed a comfortable price entry for the Genesis Noundles want to play the game. Each companion yields 2 $RAINBOWS per day.
Evil Noundles: These are the more sinister Noundles who attempt to steal newly minted Companions with a 10% success rate of the ACTUAL ATTEMPT itself, and only then do they hold a 90% chance they’ll of a successful steal of the newly minted companion. If an Evil Noundle fails to steal the newly minted companion, they are immediately sent to jail. Jail is a 3-hour period whereby Evil Noundles cannot earn their split from stolen $RAINBOWS and won’t be able to steal any newly minted.
You’re also able to bail out the Evil Noundle via $RAINBOWS to immediately begin earning & stealing again. Evil Noundles DO NOT yield any $RAINBOWS but instead receive a split of the 20% of stolen $RAINBOWS from All Noundles & Noundle Companions that claim their $RAINBOWS.
$RAINBOWS: These are the native tokens earned by Genesis Noundles and Companion Noundles and are used for a multitude of things both within the Noundle ecosystem itself and externally for other projects as a way to pioneer interoperability amongst the vast amount of projects that exist and provide underlying value incentive to play the game. After all, it is a play-to-earn game, remember?
The advent of NFTs opens up a world of new possibilities, and it’s exciting to see how developers are rapidly growing, improving, and perhaps even redefining our understanding of what non-fungible tokens are truly capable of, but as we all know, the NFT market can be somewhat intimidating. There will always be those who find opportunities sooner than the rest, but the gold rush mentality often deters others from using a fundamental approach, digging a little deeper, and seeing what could be long-term game-changing opportunities.
Somethings telling me those who flipped their Genesis Noundles at a loss for 0.028 ETH only 24 hours after minting them for 0.04 ETH are starting to question their investment strategies or it could be that the FOMO of missing “the next Wolf Game project” was simply too much to bear…Pun intended.
Only time will tell, but so far, the journey over the rainbow for Noundle owners is looking to be an auspicious one.
