L3nzy 🌸

ETH is pumping. NFTs are heating up again. And there's this Japanese NFT project that's getting a lot of attention: @TOKYOBEAST_EN. So I took some time to dig deeper. Being based in SEA and someone who's been Esports for years now, what stood out right away for me was who's backing them. Two names in particular: @Cygames_EN and Gumi Inc. Personally, I'm pretty familiar with Cygames already. And I know for a fact that they've been a heavyweight in Japanese gaming for years now. They built Granblue Fantasy, and Uma Musume which both have outstanding revenue metrics. Just Uma Musume alone - it was reported that they have generated over $2.4B in player spend. Yup, $2.4 BILLION. You read that right. And that's from a latest report published just this February. More than that, Cygames also built an ecosystem around long-term IP, even going as far as setting up their own anime studio. Anw, moving on - there's also Gumi. Just like Cygames, they've been around for a while now too. From co-developing Final Fantasy: Brave Exvius to investing early in OpenSea and Animoca. So you can really tell that they are deep on web 3 too. They are also doing things like acquiring ¥1B worth of Bitcoin and participating in validator protocols etc. etc. So yeah, seeing these two names behind Tokyobase makes the whole thing way more interesting. Not just because of what the project says it wants to build but because of who's involved, and the kind of history those names carry. Obviously, I'm not completely sure about the extent of Tokyo Beast's partnership with them but that's what I found out when I was digging even deeper about the project yesterday. You can verify all the info above by yourself btw. All of it are public info. And I encourage you to research more if needed. No conclusions here. Just wanted to share what I've found so far. Anw, again, as usual: this is not a financial, legal or medical advice (lol). This content is for educational and informative purposes only. Figured I'd share some context for anyone else who wants to dig deeper given that they will be minting their NFTs soon. Details: May 15 at 2PM UTC. Supply is limited to 500 pieces. Priced at 0.1 ETH, and it will be happening on @opensea. See you there!

Kaito is valued at $1.75B FDV pre-market. Some say it's still undervalued at that price. But what is Kaito actually building? And why are people so bullish on it? Here’s everything you need to know about @KaitoAI: