What is Degen Sweepers?
This collection includes 10,000 NFTs with immutable metadata, developed by Urkann. He is an investor, a successful businessman and the co-founder of the NFT Factory in Paris. He is also a crypto influencer and supporter of the Solana ecosystem. Talking about this project without alluding to its sponsor is unlikely. Degen sweepers were entirely developed around the Urkann brand and created by the contemporary artist resist.
Urkann is a famous crypto-sphere speaker on Twitter, where his account boasts thousands of followers. He became famous for his successful NFT investments, which he achieves by applying a sliding strategy, or sweep. This method consists in buying the “minimum price” of a high potential collection in large quantities, therefore “diamond hand” Where is it “hodl»This investment over a long period of time. Urkann has made a name for himself with projects such as Solana Monkey Business, SolGods, (The Fracture) Trippin Ape Tribe and Degods. Thanks to his performances, his nickname was declined in “Urkanning“, An expression that has practically replaced the term”sweepin the jargon.
listen, of course I love competition. What if I created @DegenSweepers it must be number 1.
Super simple. But nobody knows yet.
– Urkann 🧹 (@_Urkann) 1 September 2022
The Degen Sweepers collection is in response to the desire of its community, which it affectionately calls Urkann Army. It had been a long time since he had been asking to be able to invest in an NFT collection of his own creation. It is also an opportunity for his fans to come together around their common passion for NFT, but above all to get closer to their mentor.
Some NFTs from the Degen Sweepers collection
“With the Degen Sweepers, my desire is to unite all the degens of Solana and beyond (Ethereum) under one identity: Urkann’s army. Together [nous] bring maximum value to our hodlers and the Degen City ecosystemUrkann told us.
Recall that the term “degen” refers to a subculture of cryptocurrency traders driven solely by the lure of profit and the desire to have fun. As for Urkann’s army, it aims to develop the entire NFT sphere on Solana. In addition, he also intends to create maximum value to meet the needs of the community. It should also be noted that this “army” is growing significantly and at a very rapid pace. Urkann teamed up with the talented developer Ryuk who is also the CTO of Degen Sweeper, to achieve two of their common goals: to provide maximum value and to become the # 1 project on the entire blockchain.
Degen Sweepers, a simple NFT collection?
Degen Swepers is an ambitious project that is far from being limited to the aforementioned NFT collection. In fact, the scope of this initiative is much broader. It has three main parts.
- First, the NFT market. There are already several on the market dedicated to the trading of collectibles, such as OpenSea or Magic Eden. Degen Sweepers’ proposal is to offer a complete platform designed to meet the specific needs of degens. Unique tools will soon be available to enhance the user experience. In addition, the market will integrate a multi-chain custody wallet to support payments from any network. The market will also donate part of the earnings to users. That is, they will automatically receive a percentage of the purchases made by their affiliate users.
- Then there is Degen City. This is the ecosystem that will develop around the Degen Sweepers collection. Owners of collectibles from this series will have access to a number of benefits within this virtual metropolis (exclusive areas, apartments for hodlers). However, this city should be seen as a single space that will bring together everything related to Solana and Ethereum NFT. Degen City will be available in two versions. A classic web version, on the one hand. And a second version established in The Sandbox metaverse. It will be located on a 24 × 24 plot belonging to Urkann. Lots of this size are very popular on the market and this particular one has already been the subject of bids of over 10 million dollars. The idea is to federate all degens into a single place of exchange and sharing, with full access to all community services. This universe will include the aforementioned NFT market, cinemas, stadiums, bars, casinos, homes and even shopping malls to partner with different brands and be able to bring the Degen City ecosystem to life.
Can you imagine the city of Degen? 😎 this is what a 24 × 24 looks like when fully built. Huge pic.twitter.com/SPNGLrZKA7
– Urkann 🧹 (@_Urkann) 25 August 2022
- Finally, the launch of a specific token for the project, the $ DEGEN, is expected, the release of which is scheduled for the end of September. It will be the basis of exchanges within the ecosystem and will be transferable to the Solana and Ethereum networks. This token, together with the NFT collection, will form the basis of the entire ecosystem and provide benefits to all its holders. For example, they can use it to access launchpads on the NFT market which will be launched soon.
Although it was only launched a few months ago, the NFT Degen Sweepers collection is already a hit with the community. From the artistic dimension of the pieces offered to the macro-economic vision that animates the project, everything is done to seduce. In fact, the startup recently completed a funding round in which 1968 NFTs, of the 10,000 in the collection, were sold for $ 200 each. These sales, which correspond to 20% of the global supply, generated a total of SOL 9879.37. Subsequently, 55% of the funds raised were converted into stablecoins to finance the development of Degen City. The team must now turn this idea into reality to bring more value to Urkann’s army. That said, another funding round is planned very soon …