Can Okay Bears become BAYC on Solana?

1. Since the mint started at the price of 1.5 SOL on Magic Eden in Solana's NFT market on April 27, the floor price of Okay Bears soared to 115 SOL in the following days, creating a miracle of nearly 100 times growth.

2. The Okay Bears series NFT contains 10,000 different bear avatars, reflecting a positive nihilistic attitude.

3. A relatively complete NFT ecosystem has been built on Solana, including Magic Eden, Solanart, Solsea and other NFT trading platforms.

4. The Okay Bears sales volume explosion has once again increased the NFT trading volume of the whole Solana ecosystem. Currently, Solana has undoubtedly become the second largest NFT public chain after Ethereum.

5. Even if it turns bearish in the cryptocurrency market, as long as bears stay with us, we're all gonna be okay.

There are new members in the NFT bear family. Since the birth of bear NFTs such as Phanta Bear, Fancy Bear and Winter Bear, we have ushered in the new blue chip PFP project on Solana - Okay Bears. On April 27, Okay Bears started minting at the price of 1.5 SOL on Magic Eden, the NFT market on Solana. Then within a few days, the floor price of the project soared to 115 SOL, creating a miracle of nearly 100 times growth. Presently, the floor price of Okay Bears series NFT on OpenSea has been as high as 222 SOL (approximately $11,000).


Similar to the most famous PFP project BAYC (Bored Ape), the Okay Bears series NFT contains 10,000 bear avatars of different varieties, different fur colors and different costumes. The characters in the series pretend to be casual, look lazy and look a little negative. However, the spirit represented by the Okay Bears does not seem to be a simple "weariness", but a positive "indifferent" and an optimistic nihilism. No matter what difficulties we encounter, maybe we should first say "we are okay ~".

On the official website of the project, we can find a creative design blueprint that introduces the whole OKay Bears ecosystem. In the blueprint, the OKay Bears metaverse is divided into seven parts:

The Park, Bear Market, Workshop, Studio, Gallery, Boutique and Platform.

If you hold Okay Bears, you can join the official Discord channel of the project, that is, The Park; Bear Market is a comprehensive market including online and offline parts. It is established in cooperation with Magic Eden, the largest NFT market on Solana, and includes online sales channels and even offline stores built in cooperation with Shopify; Workshop will carry out many online and offline brand promotion activities;

Studio will help the community produce a variety of cultural products, including Lo-Fi style music; The Gallery will display all 10,000 Okay Bears NFT images and the second creative works of some community members;

Boutique (fashion shop) focuses on offline, producing a large number of physical goods including collections, accessories and prints;

Finally, the Platform will hold various gatherings of Okay Bears holders, allowing members and crypto KOLs to speak, give speeches and hold meetings here. Presently, the construction of various regions in the Okay Bears metaverse is being carried out simultaneously.

Okay Bears and Solana NFT ecosystem

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Since April this year, Opensea has officially launched the NFT of Solana, which is undoubtedly the recognition of Solana, an emerging public chain, in the field of NFT. Compared with the expensive and inefficient Ethereum, Solana, the main online line in March 2020, realized up to 60,000 TPS with its unique PoH mechanism, and the handling fee can be as low as $0.0001, which is why it stood out in the fierce public chain competition last year.

On the Solana chain, a relatively complete NFT ecosystem has been built. Magic Eden is the largest decentralized NFT exchange on Solana, with a total trading volume of more than $1 billion. Similarly, the Okay Bears mentioned in this article were originally publicly minted on Magic Eden. In addition to Magic Eden, Solanart and Solsea are also well-known NFT trading platforms on Solana.

This time, the explosion of Okay Bears sales volume once again increased the NFT trading volume on the whole Solana chain. Two days after the launch, the one-day sales of Okay Bears exceeded all the top NFT projects on Ethereum, such as BAYC and Meebits, which has also become a topic of great interest in crypto media. In the last 30 days, the trading volume of NFT on the Solana chain has reached $324 million, which is higher than the sum of the trading volume of Flow, Avalanche, Ronin and other emerging public chains.

Presently, the Solana chain has many blue chip NFT projects, such as Okay Bears, Solana Monkey Business (SMB), Degenerate Ape Academy (Degenerate Ape), and efficient Solana has undoubtedly become the second largest NFT public chain after Ethereum.

Conclusion

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When the whole crypto market turns bearish, Okay Bears, #BearWithUs, #WeAreOkay and their iconic okay gestures have become emerging cultural symbols. Even if the current situation is difficult, as long as we are still together, we're all gonna be okay (WAGBO).




Author: Gate.io Researcher: Ashley H. Translator: Joy Z.
* This article represents only the views of the researcher and does not constitute any investment advice.
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