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This article is educational material.
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RENGA – created by Dirty Robot, an independent illustrator and comic artist – has been making waves in the NFT world since its launch in August. RENGA is a collection of 10,000 PFP characters, hand-drawn and incredibly distinctive. Each NFT has its own identity and will form part of the vast RENGA storytelling ecosystem. Furthermore, this curated community project focuses on art, fantasy and Japanese manga/anime history. The floor price for a RENGA NFT is now 1.14 ETH and tops the OpenSea volume charts in the last seven days with a whopping 3605 ETH in sales.
After such a short period of time (and during a bear market no less!) the RENGA NFT collection by Dirty Robot is already a huge success in the NFT community. The art is exceptional and heavily influenced by Japanese style manga and anime.
Interestingly, ‘Renga’ (連歌) is also a genre of Japanese collaborative poetry where several poets work together to create a poem. When it comes to RENGA NFTs, it’s the creative team behind the scenes and the community that work together to bring the collection to life.
In particular, Dirty Robot, also known as Daniel Isles, based in Japan, has over 20 years of experience in comic art.
10,000 NFT tokens are possible. However, there are currently only about 6,400 available. This is because the RENGA team chose a unique burn-to-mint option with the RENGA Black Box.
Basically, these boxes allow you to create an NFT, giving it random attributes. Each box is a portal to a random archetype from the world of RENGA.
Originally there were 10,000 of these boxes with varying characteristics. But now there are only about two thousand boxes left, as more people buy and burn the boxes to reveal new characters.
9,401 are “Black Boxes”, but some are extremely rare and will give the owner a unique 1/1 NFT when minted. The floor price for a standard RENGA Black Box is 2.2 ETH.
Of course, you can now buy a RENGA NFT through OpenSea, on the secondary market. But the RENGA Black Box offers surprise and mystery when it is stamped.
Significantly, this is the second NFT collection by Dirty Robots and the RENGA team. The ecosystem is built around the premise of art and community, which is visible in how they launched the collection. Holders of the first NFT collection, The Art of Seasons (TAOS) NFT holders, were dropped with a free black box NFT. The remaining NFTs went to a public mint.
Essentially, the project aims to build an NFT project with a Japanese cartoon style and story. In the future, the NFTs will play roles in the stories.
Each RENGA NFT character is unique and created using 900 possible exceptional properties. Also, there is even a subsection of 1/1 NFTs. Eleven different archetype characters will inhabit the RENGA universe, and some are rarer than others.
The eleven archetypes are:
It will be exciting to see how the RENGA NFT project develops in the coming weeks. There are still over 2,000 RENGA Black Boxes left for those looking to add an element of surprise to purchasing an NFT. Those who enjoy the NFT storytelling art available and want to jump in right now can pick one up on OpenSea for 1.14 ETH.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.