‘WADE F&F’ Price Increases 150x, Demonstrating Power of CRIPCO’s Next Set of NFTs Through Strategic Partnerships

• Global community responds enthusiastically to CRIPCO’s first NFT project, WADE Friends & Family, which sold out of all 2,100 units within hours of release
• The floor price rose 150 times and was ranked 1 in 24-hour trading volume, demonstrating the project’s popularity and potential of blue chip NFT
• Realizing CRIPCO’s IP 3.0 Hub vision by setting a reasonable coin price and 0% create royalty to promote and expand access to IP NFTs
• Growing interest in CRIPCO’s NFT range, including second NFT project ‘OOZ & mates’ and partnership with global fashion brand

SEOUL, South Korea, 19 September 2022 /PRNewswire/ — Global blockchain NFT company CRIPCO has successfully created its first NFT project ‘WADE Friends & Family’ (WADE F&F), which has generated a huge response from the global NFT community. The company’s second project with IPX and upcoming partnerships with global fashion brands are now raising expectations for CRIPCO’s next IP 3.0 venture.

CRIPCO’s ‘WADE F&F’ NFT sold all minted 2100 NFTs on launch day through Magic Eden’s Launchpad on September 15. A social media shoutout from SOLANA’s co-founders and the announcement of the WADE X PEACEMINUSONE partnership boosted the project’s popularity before minting; a whitelist contest on the Discord community recorded a whopping 280:1 ratio, and the offer of whitelist spots for IP3 token holders listed on FTX also received enthusiastic responses from users.

Due to competitive bidding, the project sold out almost immediately and ranked first in 24-hour trading volume on OpenSea (Solana NFT) and first on the Magic Eden marketplace. In particular, the base price on the secondary market reached above 75 SOLa 150-fold increase in relation to the mint price of 0.5 SOL, which shows potential for growth as a blue chip NFT. The membership NFT uses the virtual artist WADE’s IP created by IPX (formerly LINE FRIENDS) and KB LEE, offering not only the charm of IP, but also competitiveness and a range of exclusive holder benefits, including fashion brand raffles in partnership with CRIPCO DAO members.

‘WADE F&F’ holders, who have become friends and family of the virtual IP WADE, will own Web3 membership cards, and will benefit from CRIPCO’s diverse portfolio of IP assets and partnerships with DAO members consisting of global brands and creators . Scheduled to launch later this year, the WADE PFP will provide a 1:1 airdrop, a whitelist of upcoming projects and guaranteed raffle tickets to extremely rare and limited NFT projects for fashion collaborations.

CRIPCO set the mint price of ‘WADE F&F’ to 0.5 SOL ($17) or 21 IP3 ($11), a reasonable price assessed by society. Also, creator royalties are set at 0%, providing a user-friendly environment, and reducing secondary sales costs. With its close network with various IP business partners, CRIPCO has the ability and competitiveness to stably execute projects by presenting an IP NFT portfolio with solid planning and growth potential.

After the successful sale of ‘WADE F&F’, CRIPCO has also announced to drop OOZ & mate’s PFP, the company’s second NFT project with IPX. Designed as the first Web 3.0 original character IP launched by IPX, OOZ & mates debuted as an NFT project, starting as a born-digital IP business that broke away from the traditional character or IP launch formula of product merchandise or animations. OOZ & mates will be released as 9,999 unique NFTs, featuring nine different Super Deformation (SD) animal characters with unique personalities and charms.

WADE, the IP that powers ‘WADE F&F’, struck after the recent announcement of the collaboration with PEACEMINUSONE, a fashion brand established by fashion and culture muse G-Dragon in 2016. There is now growing excitement about how both WADE and PEACEMINUSONE will bring together their respective values ​​of diversity and freedom through the NFT platform. Global trendsetters and brands in fashion, music and IP will complete the IP 3.0 ecosystem together, reducing entry barriers to the NFT market and providing insight into CRIPCO’s goal of popularizing IP-based NFT.

A CRIPCO official thanked users for their overwhelming response to ‘WADE F&F’ and said the company would continue to work with partners in global subculture, fashion and music to promote creative inspiration, and let more users experience the company’s vision of popularizing NFT.

CRIPCO started its operations by listing IP3 tokens on FTX in July, and successfully launched its first NFT membership project in just three months. CRIPCO is now rapidly expanding by leading Web2 users familiar with existing IPs to a variety of IP-based NFTs and the new Web3 through partnerships with creators and fashion brands loved by street fashion enthusiasts worldwide.

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About CRIPCO

CRIPCO is one Singapore-based global blockchain and NFT company that aims to popularize NFTs based on various IPs and has listed its original token ‘IP3 token’ on the FTX exchange at 8 July 2022. Investors and partners include FTX Ventures and SOLANA Ventures. CRIPCO’s governance is based on a decentralized autonomous organization (DAO), which oversees all business-critical decisions from IP screening to IP-based NFT projects. CRIPCO DAO consists of companies from various fields, renowned artists and other influential members across industries, such as IPX (formerly LINE FRIENDS), NAVER Z (ZEPETO), PEACEMINUSONE, Marciano MMG, Fujiwara Hiroshi, Edison ChenKB LEE (Kyubum Lee), and James Fauntleroy, etc. In addition to attracting investment from global blockchain venture capital and a large fashion platform, CRIPCO has secured partnerships with companies in the blockchain industry and is building its ecosystem to realize its ‘IP 3.0 Hub’ vision. To learn more about CRIPCO, please visit https://cripco.com.

WADE Manifesto

Wade is a big fan of all the free-spirited underground players who don’t always follow the rulebook. Likewise, he strives not to be stereotyped into a fixed figure; Wade values ​​originality and diversity above all else. Wade’s nature to experiment and seek diversity lays the foundation for his highly fluid mindset. His flexible way of thinking lays the foundation for his creative work, which often twists the obvious or throws hints of the new into existing things. These creative works are part of Wade’s efforts to bring down barriers between mainstream and subcultures, inspiring all people with creative minds and giving them opportunities to explore their ideas freely. Wade’s iconic attribute, “water”, is the source of energy and elixir that promotes the growth of all things. It symbolizes unlimited embrace, which transcends all skin color, race, class or gender. The ever-flowing nature of water represents the eternal legacy of subcultures that have been with us for countless generations.

SOURCE CRIPCO