CyberKongz Genkai NFT set to be the first PFP set on Ronin

Sky Mavis, the Vietnam-based firm behind breakout play-to-earn title Axie Infinity, announced on Tuesday a partnership with the CyberKongz non-fungible token ($NFT) project to introduce a profile picture collection to the Ronin blockchain for the first time.

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Fast facts

• Sky Mavis, the operator of Ethereum-linked gaming sidechain Ronin, said in a press release that CyberKongz will hold its Genkai collection mint on Thursday at the Mavis Market, one of the two $NFT marketplaces on the blockchain. The Mavis Market currently has two collections for trading, Doll Sidekick and Axie Chat Premium, both of which are NFTs used in blockchain games.
• Genkai is an anime-inspired art collection of 20,000 NFTs and an extension of the CyberKongz $NFT series. Following Thursday’s mint, 4,000 Genkai NFTs will be available on Ronin’s Mavis Market, while the other 16,000 will be on Ethereum, which can be migrated to Ronin in the future.
• “CyberKongz will be working with Ronin to develop a game featuring Genkai. This ambitious venture will seek to alter the paradigm of Web3 IP in a gamified manner,” said Myoo, the founder and artist of CyberKongz, in the press release.
• CyberKongz will also migrate its $NFT collecting game, Play & Kollect, from the Polygon network to Ronin, as part of the partnership.
• CyberKongz is the 26th largest $NFT collection by sales, with its Ethereum-based collection generating over US$209 million in all-time secondary trading volume, according to data from CryptoSlam, the data arm of Forkast Labs. CyberKongz VX, an $NFT avatar that can be used in gaming ecosystems such as Play & Kollect and The Sandbox, is the 52nd largest $NFT collection by secondary sales with US$112.9 million.
• Sky Mavis’ Axie Infinity is the all-time leader in global secondary $NFT sales volume, with nearly US$4.246 billion in historic sales. However, Axie’s secondary sales tally has been declining with the slumping $NFT market. It recorded US$1.380 million in monthly sales in June, the lowest since January 2021, and just a fraction of the US$869.5 million peak in August 2021.
• The announcement comes on the same day the Forkast 500 $NFT, an index that measures the health of $NFT market activities, hit its all-time low of 2,651.93 points on July 25.

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