• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home NFT

      NFT Spotlight Series Part 4: On Chain Monkey

      Karthik Guttha by Karthik Guttha
      October 16, 2021
      in NFT
      0 0
      0
      on chain monkey
      105
      SHARES
      1.3k
      VIEWS
      Share on FacebookShare on Twitter

      On Chain Monkey is the first-ever PFP collection to be introduced completely on chain with one single transaction. There has never been a collection that offered free NFTs for minting and embedded all the data on-chain. It has been a little over one month since On Chain Monkey was launched, and it already took off in a way no one ever expected. The craze for generative profile pictures helped OCM to attract new buyers in the NFT space. People who believed the vision of the project now sit with astronomical gains without ever spending a dollar. 

      All of this happened only due to the organic growth of the project and community. The team experimented with a new type of NFT collection, or shall I say, an innovative solution that strives towards sustainability. Now, On Chain Monkey is on to some big things in the NFT space. It is collaborating with many platforms, to bring more utility value to its holders.

      The price of On Chain Monkeys reached 0.41 ETH, which is more than $1500. The OS trading volume also exceeds 2.8k ETH. It is still early for us to predict how far this project will go in the race of PFP collections. But one thing’s for sure- innovation and value addition for holders is not going to stop. Today, we will discuss everything you need to know about OCM and learn how a free NFT project managed to reach such great heights. 

      About On Chain Monkey 

      Similar to other PFPs, the On Chain Monkey collection also consists of 10,000 NFTs with a minimum number of four traits. The super rare ones can have as many as seven. As mentioned earlier, the price of minting per token was completely free. So you could mint as many as you want by using multiple wallets. In terms of attributes, there are 171, including hats, clothes, earrings, etc.

      The files of each NFT are stored on a chain, so it is fully transparent and open for its holders. The CEO of OCM, Danny Yang, decided to use this approach because most NFT collections store their metadata on a centralized server. If the server is shut down, holders can lose access to their NFT and erase their proof of ownership. Having on chain status is the only secure and long-lasting method to store 

      Open Sea

      Danny took inspiration from Bored Ape Yacht Club and Art Blocks to come up with the art designs of On-Chain Monkey. The architect behind OCM is Nfinita, a good social platform that creates sustainable NFT projects. They plan to create more collections and give better exposure to OCM holders. A platform called Metagood is also in progress where users can trade with no platform fee. Another perk of holding an OCM NFT is members get early access to launches on Metagood. 

      The Team behind On Chain Monkey 

      On-Chain Monkey has one of the most well-established teams in terms of tech background and investing. Danny Yang is the CEO of the Metagood platform. He is also the founder of MaiCoin, the largest crypto exchange in Taiwan. He has deep expertise in blockchain analytics from his former company Blockseer and holds a PHD in computer science. The COO of the platform is Amanda Terry. She is also the Co-founder and managing partner for ACTAI ventures. 

      Amanda also has strong connections in business development at Twitter and other popular digital media platforms. She completed her MBA from Wharton School and BA from Princeton University. Finally, the chairman of Metagood is Bill Tai. Bill is one of the early adopters of NFTs for good. He created a cute sea turtle in 2018 to help protect endangered turtles from poachers. Continuing on with the same vision, On Chain Monkey aims to build a diverse community and help as many meaningful causes as possible. 

      The Community 

      The OCM community may not be the biggest in the NFT space, but it damn sure is one of the strongest. We constantly see collaborations with other projects and protocols, and OCM members actively participate in spreading the word. Flow Fest is a recent event that introduced the metagood marketplace, and more than 47k people got a chance to witness it. 

      With such free NFT drops, the community remains extremely active, and it is also helping new artists get a headstart in this industry. People are less hesitant to join the OCM bandwagon because it is 100% compliant and backed by some of the biggest thought leaders in this space. 

      1 – 100% on chain in 1 TX
      2 – Air drop
      3 – 100% compliant
      4 – Main goal of the game : helping others
      5 – Heavily backed (see website)
      6 – Attracting ppl wanting to : help others
      7 – Titanium hands, less than 9% for sale
      8 – Creative / positive / transparent management team. https://t.co/5fkHOqtkCF

      — ERC-1155 (@SCirculaire) October 11, 2021

      That is why there has not been a major correction or sell-off since its launch. The price continued to increase, as holders believed in the good the team was doing every day. They also keep the community engaged by involving them in discussions and asking for their ideas to plan the future of OCM. And that is a good indication for a sustainable project as well as a community.

      Sales Overview 

      The average price of each sale is sitting at 0.21 ETH. In the last seven days, it has gone up to $2,700, putting its floor price above 0.4 ETH. Also, the number of sales blew past 1,000 in the last week, bumping up its trading volume by more than $2 million. 

      The top selling Monkeys got sold for more than $25k, and the highest sale is recorded to be $38k. 

      Top-Selling OCMs

      Even the OS floor price looks solid right now, considering it had no major corrections since launch. It is averaging a minimum sales of 50 every day, and OCM has not seen any major spikes in NFT sales since Sep 19.  

      Closing Thoughts 

      When a community is willing to hold their NFTs with a long-term outlook, the demand will automatically rise, giving astronomical returns to all early members. In the case of OCM, the supporters did not even have to pay for the NFTs. So it is incredible how On Chain Monkeys made it this far without any hype or sophisticated roadmap. They want to help a cause and make a difference in the real world through NFTs. And that is something many people want to be a part of. If future plans and integrations are implemented well, we will be seeing great things coming from this collection. If you want to know more about this collection, I recommend you to join their discord server and talk to as many members as possible. 

      Karthik Guttha

      Born and brought up in India, Karthikeya Gutta is a crypto journalist and freelance contributor for ItsBlockchain. He covers various aspects of the industry with in-depth analysis and research. His passion towards blockchain and crypto ecosystem is mainly because he believes it can really change the world and help millions of people.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: featured
      Share42Tweet26Share11

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse

      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse

      by Sabith Ali
      May 18, 2022
      0

      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse The Sandbox Game: Sandbox is an upcoming decentralized...

      NFTWorlds: How to make money playing Minecraft

      NFTWorlds: How to make money playing Minecraft

      by Sabith Ali
      April 25, 2022
      0

      In this article, we present a step-by-step guide to making money playing Minecraft & NFTWORLDS. Minecraft? Yes! Every gamer might...

      Moonbirds NFTs Hit 20 Eth Floor Price in 2 Days, Collecting Over 66 Million in Initial Capital

      Moonbirds NFTs Hit 20 Eth Floor Price in 2 Days, Collecting Over 66 Million in Initial Capital

      by Karthik Guttha
      April 19, 2022
      0

      While the crypto markets continue to face macro uncertainties and trend downward with BTC volumes drying up, the NFT markets...

      move to earn gaming

      Missed Play-to-earn? Then You Better Pay Attention to Move-to-earn

      by Karthik Guttha
      April 6, 2022
      0

      In this article, I will talk about what is a move to earn games, and how you can make money...

      my pet hooligan

      NFT Spotlight Series Part 5: My Pet Hooligan

      by Karthik Guttha
      March 30, 2022
      0

      Let’s be honest. The NFT space can be overwhelming. It is challenging to track dozens of projects every day and...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse

      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse

      May 18, 2022
      Top 15 NFT influencers on Twitter you should follow right now

      Top 15 NFT influencers on Twitter you should follow right now

      September 28, 2021
      Pi Network: Scam or Legit?

      Pi Network: Scam or Legit?

      April 30, 2021
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      February 2, 2021
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      May 27, 2021
      Top 7 Solana NFT Projects to get into right now

      Top 7 Solana NFT Projects to get into right now

      September 12, 2021
      Magic Square Integrates With deBridge

      Magic Square Integrates With deBridge

      May 24, 2022
      DCAProfit Releases A New DCA Calculator Supporting Dozens Cryptocurrencies And DJIA Performance Comparison

      DCAProfit Releases A New DCA Calculator Supporting Dozens Cryptocurrencies And DJIA Performance Comparison

      May 19, 2022
      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse

      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse

      May 18, 2022

      Terra Protocol (LUNA) Collapse Resembles 08’ Financial Crisis, Caused by Lehman Brothers

      May 12, 2022
      Is it Worth buying Luna under five dollar

      Is it Worth buying Luna under five dollar

      May 11, 2022
      NFTWorlds: How to make money playing Minecraft

      NFTWorlds: How to make money playing Minecraft

      April 25, 2022
      Moonbirds NFTs Hit 20 Eth Floor Price in 2 Days, Collecting Over 66 Million in Initial Capital

      Moonbirds NFTs Hit 20 Eth Floor Price in 2 Days, Collecting Over 66 Million in Initial Capital

      April 19, 2022
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        29533 shares
        Share 11802 Tweet 7376
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9899 shares
        Share 3958 Tweet 2474
      • Top 10 Low market cap altcoins to invest in 2021

        7213 shares
        Share 2884 Tweet 1802
      • Top 10 NFT Crypto Projects You Should Know

        7218 shares
        Share 2599 Tweet 1624
      • List of leading partners of Ripple, and How they use XRP?

        5336 shares
        Share 2134 Tweet 1334
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.