Author: 0xLaughing, Rhythm BlockBeats

At the beginning, WZRDS also gained a certain amount of attention with its unique PFP style and well-made comics:

It was officially announced on June 26 and released on June 30, with a total of 10,000, all of which are sold in the form of Free Mint.

Before today, its highest floor price once reached about 0.3 ETH, which is already a good result in the current market where there are hundreds of Free Mint projects every day. According to the "convention", it has a high probability that it will Like other Free Mint projects, after a few days of FOMO, it will completely complete its "life cycle", and it will hardly be mentioned again.

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prelude

In the prologue, WZRDS introduces the background of the story:

Farmers in the Kingdom of Tyrol discovered the magic book at the very beginning, and the magic in it turned everyone in the kingdom into magicians. Technology advanced rapidly, and the people lived and worked in peace and contentment.

Unfortunately, they have been abusing their magic for hundreds of years, and the omens are coming. In a storm, a bolt of lightning struck the statue of God in the kingdom, and then everyone slowly lost their mana, and the people of Tyrol lost their faith and became increasingly decadent.

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Chapter One

After the big storm subsided, a magician found the magic mushroom while wandering in the dark forest, so he called other magicians to come and have a look.

Magic mushrooms can temporarily restore magical powers, so brave magicians from all over the world flock to the dark forest to collect mushrooms and bring them back to the city, hoping that it will restore the magic of the past to the kingdom of Tyrol.

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"Mushroom Bank" pledge system

On July 6th, WZRDS officially launched a"Mushroom Bank" pledge system, you can get $SHRM tokens after staking your own WZRDS NFT. This fits with the plot of the wizard in the first chapter of the story line going to the forest to explore, go to the forest - get the mushroom.

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"Assassination Wizard" Destruction System

Corresponding to the "cowardly" magicians who stole the "mushrooms" in the story line, the WZRDS official hinted two days ago that "this is the last chance for the weak to leave."

After tweeting again at 6:13 this morning, the "Assassination of Wizards" contract was finally deployed at 7:36.

In simple terms, the "Assassination Wizard" contract is a destruction system.

Holders who previously pledged their WZRDS can choose to interact on the front end of the official website to destroy the NFT currently pending orders in the secondary market. If holders want to trade, they can only accept the offer instead of actively placing orders.

It takes 20,000 $SHRM to destroy an NFT, and 1050 WZRDS have been destroyed so far.

Under the "threat" of destruction, holders canceled their pending orders one after another, and the floor price rose rapidly. At present, it is the Bid price (marked in red in the above picture) that can reflect its true market price.

At the same time, the holders of "Assassination" and "Assassination" will get "Half Magician Skull" NFT, which can be sold in the secondary market. The current floor price in OpenSea is around 0.15 ETH.

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dispute

"Invasion of property" offenses

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Reasonable means of "punishing paper hands"

On the contrary, some people think that this is just a means of punishing "paper hands".

For a long time, the "paper hands" problem has always existed in the investment market. It means that investors do not have long-term information about the projects they invest in, so they choose to take profits in a hurry when there are meager profits or sell in panic when they fall.

For the "paper hand" problem, various NFT projects are also trying to explore their own solutions:

• NFT projects such as Nanopass and Moonbirds have launched a pledge system to encourage holders to become "diamond hands" with regular rewards;

•DeGodsIntroduced a unique "paper hand tax" to repurchase and destroy those NFTs whose orders are placed at the floor price to achieve the purpose of deflation;

•God Hates NFTsWith a unique 4chan community culture, the meme spread effect allows a large number of holders to place their NFT pending orders at 69 ETH. High-priced pending orders will not affect the floor price, and achieve the purpose of lock-up in disguise.

The "paper hand" problem is particularly important for the Free Mint project: when the Free Mint method is used for sale, the cost of the initial holders is extremely low (only Gas Fee), so as long as these holders have a meager profit, they can It may be possible to take a profit. In other words, there is a high probability that the initial holder of the Free Mint project is a "paper hand".

At present, the method adopted by most project parties isAfter the release, all kinds of means are used to market and hype, and after the market FOMO is fully changed, those holders with extremely low costs will be "washed out", so that the holding status of the entire project will reach a relatively healthy level. state.Free Mint projects such as Goblin, Gossamer Seed, Moonrunners, and God Hates NFTs all use this method to gain a foothold in the NFT market.

epilogue

epilogue

Going back to the prologue of the story told by WZRDS, it is ironic:

The original "magic book" seemed like Bitcoin opened a new era with the blockchain.

When the "magic" was first obtained, this was a huge innovation in technology: the rise of new public chains and infrastructures such as Ethereum and Solana, and the past prosperity of DeFi Summer and NFT Summer are vividly remembered.

The subsequent "abuse of magic" laid hidden dangers. Later, the Luna Empire collapsed overnight, and many well-known institutions "thundered", and the entire Crypto market even faltered in the rumors of "USDT thunder". In the end, you will eat the bitter fruit yourself.

The "innovation" brought by WZRDS is undoubtedly extremely controversial, and the destruction system makes holders have to start a "civil war" to match the story line. But the current market needs new gameplay and new narratives to grab the spotlight of the market and find the "start button" for the next round of bull market, just like its story says: waiting for the "savior" to open a new chapter.