ByWassies Introduces ByWassies Studio and Blast Memecoin
TLDR:
- ByWassies introduces ByWassies Studio, a departure from traditional venture fund models, providing services for projects in blockchain and NFT communities.
- The studio targets projects transitioning from corporate structures to Web3, fostering symbiotic relationships with emerging crypto projects.
- ByWassies announces the “Pump it Loomdart” ($PILL) token, an experiment in distribution methods, allocating 80% to Wassies NFT holders on Blast L2.
- Wassies, popularized by inversebrah on Crypto Twitter, evolve beyond digital art, contributing to crypto culture with satirical commentary and unique slang.
- ByWassies expands its crypto ecosystem with initiatives like Hotel byWassies, the upcoming $PILL token, and Wassie Grants.
In a bold departure from conventional venture fund models and holder equity DAOs, NFT project ByWassies introduces the groundbreaking ByWassies Studio.
The official announcement on January 2, 2024, declares the studio as a collaborative hub, offering a wide range of resources to projects navigating the intricacies of blockchain and NFT communities, emphasizing services such as artwork, lore, and contest creation.
The studio particularly targets projects transitioning from traditional corporate structures to the decentralized landscape of Web3.
ByWassies’ Vision for a Decentralized Ecosystem
With a focus on providing services such as artwork, lore, and contest creation, ByWassies Studio will particularly target projects transitioning from traditional corporate structures to the decentralized landscape of Web3.
Hellllo wassers and future wassers to be! First off we want to wish you all a very very happy new year. I’m sure 2023 has been an absolute rollercoaster of a year for everyone reading this, so instead of wishing everyone a happy 2024, we will instead wish you all a 2024 full of……
— ByWassies (@bywassies) January 1, 2024
Notably, ByWassies seeks to cultivate symbiotic relationships with emerging crypto projects, leveraging its diverse holder base for a decentralized, project-focused ecosystem.
“Eventually, this scales into projects working with Wassie holders without any interaction with the ByWassies team even being required.
“Our goal is to be the first of many stewards who help realize and identify the immense value behind such an awesome holder base,” ByWassies stated on X.
ByWassies Unveils $PILL Token Experiment on Blast L2
As part of its transformative shift, ByWassies unveils the “Pump it Loomdart” ($PILL) token, representing a unique experiment in distribution methods.
Scheduled for launch on the upcoming Blast L2, $PILL allocates 80% of its distribution to Wassies NFT holders, with multipliers determined by an initial snapshot during block 18914926.
The remaining 50% of the distribution is allocated to various community groups, including Pudgy Penguins, Blast bridge participants, meme contest winners, and more, approximately one week before the Blast launch in February 2024.
ByWassies’ Expanding Crypto Ecosystem
Wassies, originating from a fictional comic by the pseudonymous Crypto Twitter account inversebrah, have evolved beyond a digital art collection.
mood pic.twitter.com/B4AX1ryWCD
— smolting (wassie, verse) (@inversebrah) March 27, 2023
Known for satirical commentary and unique slang, Wassie accounts, led by inversebrah, significantly contribute to crypto culture.
1/ We’ve had Wassies infest CT, the blockchain, and the metaverse. This time round, @bywassies is bringing the infestation to the real world with Hotel byWassies! A 100% Wassie-themed boutique hotel located right in the heart of Sunny Singapore at 5 Hongkong Street pic.twitter.com/zG13PuGLUT
— Wassies in Asia! (@WassiesAsia) March 27, 2023
Beyond the digital art collection, ByWassies has grown into an expansive ecosystem, including Hotel byWassies, a Singapore-based 55-room NFT-themed hotel offering exclusive benefits to holders, the upcoming $PILL token, and Wassie Grants, a community-driven grant program funded by NFT royalties supporting projects within the ByWassies ecosystem.
The reported floor price for Wassies by Wassies currently stands at 0.41800 ETH ($926.84), according to CoinGecko.
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