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Unveiling the Sei Network
Sei Labs raised the curtain on its mainnet beta, a promising Layer-1 blockchain, on Aug. 15. In the heart of this launch lies the SEI governance token, which now has a market capitalization of $292.5 million and a fully diluted valuation reaching $1.625 billion. The SEI token has already found its spotlight on prominent exchanges like Binance, Bybit, Huobi, and Kraken.
According to reports, SEI's trading volume on day one surged to $1.14 billion, with top performers Upbit and Binance leading the exhilarating race. Due to the high demand for $SEI tokens, the protocol decided to increase the number of allowed airdrop wallets from 500k to 1.5 million.
Amidst this whirlwind of financial excitement, it's only natural to wonder: what about Sei Network's Non-Fungible Token (NFT) ecosystem? As the blockchain unfurls its wings, anticipation swells regarding the growing NFT projects on Sei Network.
Here, we'll introduce you to some of the NFT projects that have chosen to grow within the folds of Sei's. Let's dive in.
NFTs on Sei Network: Unveiling Artistry, Utility, and Community
Here are a few NFT projects building on Sei Network:
Sei Pandas
The Sei Pandas is a collection of 2222 pandas NFTs. The project lets the community to decide how these NFTs will shine. From staking to gaming, the utility direction is in their hands.
The team also plans to incorporate virtual reality into its platform. Using cutting-edge technology, collectors can step into a world where pandas come to life in stunning detail.
Further, the project intends to evolve over time, adding new game elements, animations, and more that will transform these pandas into companions rather than just collectibles. Moreover, according to the team, partnerships with renowned NFT platforms are in the works, enabling Sei Pandas to reach collectors across the digital landscape.
Sei Lions
A collection of 5555 NFTs, each Sei Lions NFT boasts over 150 distinct attributes, creating a captivating and diverse range. Alongside these, there are 15 unique 1/1 NFTs that add an extra layer of exclusivity.
The mint date and price are still under wraps, but anticipation is building for the project's release. But there's more – a multi-level rewards system is in play.
Depending on the number of NFTs held, collector will enjoy a range of benefits. From airdrops of $SLN tokens to participation in voting and game centers, Sei Lions aim to make NFT ownership an immersive experience.
Scribbliez
Scribbliez has 8765 unique scribble character NFTs crafted by artist David Kyrsch. The project has two distinct Mint Waves, each with its own contract address and theme. Further, the NFT project has two aspects - The Scribbleraffle and Scribblebank.
The Scribbleraffle injects an element of chance, granting holders opportunities to win a rich array of prizes. Meanwhile, Scribblebank is a treasury fund that would finance the development and execution of the project’s flexible roadmap. Among these activities are regular NFT drops, the creation of new content, and the general improvement of the user experience.
Embracing the NFT Renaissance on Sei Network
From the endearing Sei Pandas that blend the real and virtual worlds to the majestic Sei Lions with uniqueness and rewards and the intricate Scribbliez that showcase the limitless canvas of creativity, Sei Network is nurturing a garden of diverse NFT projects.
Nevertheless, there is a word of caution with any new venture. The NFT market, while brimming with potential, can be as volatile as a stormy sea. While these NFT projects offer exciting possibilities, it's important to tread carefully. The market's waters can sometimes run shallow, making NFTs illiquid and potentially affecting their value.
While the projects we've explored hold promise, we encourage you to approach this space with due diligence. Take the time to research, understand the risks, and make informed decisions.
As new NFT projects blossom on Sei Network, remember that this is just the beginning. The digital canvas is vast, and the stories waiting to be told are boundless.