Genesis CyberKongz are the first 1,000 CyberKongz that were released on March 1 and were originally touted as the “OG profile pictures of the 2D social world”.
They are part of the wider CyberKongz collection, which includes 3,852 pixelated apes that feature an array of attributes and accessories.
Ownership of one of the first one thousand Genesis Kongz now grants holders 10 $BANANA tokens – which are currently worth approximately $90 each – daily for the next 10 years.
Users can either sell their $BANANA tokens or use them to rename their Kongz or alter their Kongz’ biography.
The token also unlocks exclusive channels in the CyberKongz Discord server – an added bonus for those who are keen to participate in the CyberKongz community and flex their Genesis status.
Additionally, BANANA tokens can be used to buy customised equipment and wearable items for CyberKongz VX avatars – a collection of playable voxel-based avatars which reside in The Sandbox metaverse.
Today in @CyberKongz:
-Genesis Kongz – 10 sales over 100 ETH with highest being 150 ETH
-Baby Kongz flipped Cool Cats floor (now at 11.8 ETH floor).
-$BANANA hit an all time high at $80USD
-Announced CyberKongz OOH – A Community Governance initiative
— bastiboii.eth (@BASTIBOII_eth) October 3, 2021
CyberKongz owner ‘bastiboii.eth’ tweeted about the project’s incredible growth over the weekend and the surge of interest in owning a Genesis Kong based on the yield rewards.
Following the exponential rise in the highly sought-after Genesis CyberKongz collection, the minimum price you’ll have to fork out to own one is now an incredible $570k (169.69 ETH) due to their scarce nature and only 1,000 ever being in circulation.
The astonishing price floor has since led to record purchases and a sudden desire to own an ape before the price becomes unobtainable for NFT owners.
One user today paid a record 180 ETH ($601k) for Genesis Kongz #52 whilst another NFT ‘Whale’ – AvariceVault – has accumulated four Genesis Cyberkongz over the past 17 days for a grand total of 473 ETH ($1.6M).
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.