A few days ago, the Japanese NFT project ¥u-Gi-¥n and MEXC’s NFT operation department launched a whitelist event, which ended on September 27. Users who have obtained the whitelist through the event can participate in the subsequent public sale of the project.
Originally from Japan, ¥u-Gi-¥n is an NFT project who focuses on building an ecosystem in web3. Influenced by the culture of Tokyo, Japan, the project is based on the super high-rise IR facility “遊戯苑 ¥u-Gi-¥n” built in Shibuya, Tokyo in the future, where they will integrate games, anime, fashion, music and other elements to create comprehensive entertainment and experience of shopping with cryptocurrencies. It aims to bridge TOKYO CULTURE and the ever-expanding Web3 world with infinite possibilities. Through the communication between different regions of the metaverse and users, a digital economic circle centered on TOKYO CULTURE is established.
¥u-Gi-¥n’s story is set in 2056, when the scale of the digital economy far exceeds the scale of the real economy. APES, which has continued to expand for more than a quarter of a century, rules the world. They have amassed huge wealth in decentralized communities separated from state power. People who do not have digital assets are called FUNGIBLES and have to live underground. The once world-famous bustling district of Tokyo Shibuya was also bought by APES and rebuilt as the CENTRAL SHIBUYA on the metaverse.
¥U-Gi-¥N also has an interesting backgroup story setting that reflects the NFT world, which is dominated by Apes. In the face of the irreparable gap between the rich and the poor, the FUNGIBLES boys and girls, whose homes have been ruthlessly occupied, arm themselves against the APES and want to change the social order to fight back. Entering the game center [遊戯苑 ¥u-Gi-¥n] that only allows APES to enter, they try to change their fate.
Consistent with the story setting, all NFT characters wear Ape-mouth masks, and the rarity is distinguished by features such as clothing, accessories, tattoos, and background colors. Rare characters with black backgrounds also have special abilities where they have the power to turn things around in future metaverse games.
¥u-Gi-¥n’s development team ¥u-Gi-Labs is a metaverse creative team composed of 3DCG artists, art directors, creative directors, engineers, designers, and musicians born in the 80s and 90s who have been active in Tokyo. The project reinterprets “Yu-Gi Fun” such as anime, fashion, music, etc., and sends an invitation to the world of web3.
According to the whitepaper,the ¥u-Gi-¥n NFT will serve as the ticket to the ecosystem of ¥u-Gi-¥n:
- TOKYO BRAND/IP LIMITED EXCLUSIVE NFT
- TOKYO CULTURE EXPERIENCE web2/web3 EXCLUSIVE ACCESS PASS
- TOKYO CULTURE REPUBLIC web2/web3 EXCLUSIVE MEMBERS
- ¥u-Gi-¥n INNER ECONOMY (tokenomics under development)
- FUTURE POTENTIAL EXTENSION
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services such as spot, ETF, futures, Staking, NFT Index, etc., serving more than 10 million users worldwide. Currently, it supports more than 15,400 cryptocurrency trades, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. The core team of MEXC has a profound background in traditional finance, and applies professional financial product logic and technical security in terms of cryptocurrency products and services. In October 2021, MEXC won the title of “Best Crypto Exchange in Asia” at the Crypto Expo Dubai.
In April this year, MEXC took the lead in launching the NFT Index product. This product is supported by the blue-chip NFTs purchased by the platform, and the NFTs undergo “off-chain fragmentation” to issue the corresponding NFT Index tokens. The characteristic of NFT Index is that its liquidity is better than that of NFT itself, and it greatly reduces the entry threshold and investment risk for NFT enthusiasts.
At present, MEXC has purchased blue-chip NFTs such as Moonbirds, Clone X, Azuki, Meebits, Doodles, Invisible Friends, and 4-digit pure digital ENS domain names as value support, and has successively launched NMOON, NCLONEX, NAKI, NMEEBITS, NDDS, NIFRIEND, ENSDOMAIN and other index tokens.
Most index tokens are split according to the following issuance ratio, 1 NFT=1,000,000 Index Token (each NFT is split into corresponding 1,000,000 index tokens). Traders can trade any share of index tokens like a spot, and can also use a fixed share of the index tokens to exchange back the corresponding full NFT.
Since MEXC laid out the NFT market, it has carried out collaboration with NFT projects such as 遊戯苑 ¥u-Gi-¥n, Boso Tokyo（暴走東京）, and Yugapetz. In the future, the MEXC NFT operation department will continue to screen blue-chip NFTs in the market, and launch different NFT index tokens according to market demand and NFT performance. At the same time, it also gradually explores partnership opportunities and conducts early cooperation with unlisted NFT projects such as 遊戯苑 ¥u-Gi-¥n, leaving platform users with presale opportunities in the NFT primary market with relatively high income. Check 遊戯苑 ¥u-Gi-¥ns Whitepaper and related links for more information. Visit https://twitter.com/nftbluemexc for newly updated information about NFT indexes.