Hey all, we wanted to take this opportunity to make one of our biggest announcements yet — check below! 🚀
TL:DR
- We have partnered with WBC (Wicked Bone Club)
- Still partnered with Binance NFT (launch soon) with Sandbox in forward discussion
- Ownership of collectively 18 sandbox parcels (one of the largest holders)
- Will build mini Bearworld in sandbox with BearVX
- Will have significant on and off chain never before seen utility events — like having fractional ownership of a real world business just by being at the top of the leaderboard in game.
- Will have private Sandbox events and IRL events which you can earn the right to attend / burn tokens for
- Some of our team have merged. Now stronger and moving towards a common goal.
- DSK DAO: An arcade style casino. Low supply. No token. More value to holders. Video game grails to possibly win as rewards IRL.
- Massive ROOTx/SROOTx token burn events for accessories, to play in Sandbox (new tokens plan being announced in August)
- Win $SAND and off chain rewards through our new model
SO, WHAT IS THIS ALL ABOUT?
First and foremost, we’d like to bring some context to the situation for those who may not be aware. Bearworld (the game that was being developed for the BearX Labs ecosystem), was built on Minecraft architecture. We took the decision to build on Minecraft due to its scalability, and its customisable nature in terms of being able to add / remove features effortlessly. It is no wonder why 100s of projects (literally), also decided to build on Minecraft also. So, like many, we spent most of this year building on Minecraft, and was due to launch Bearworld beta in August.
However, On July 20th, 2022 Mojang decided — out of the blue, to stop development or approve any integrations of blockchain technology and NFTs within its Minecraft architecture. Its something we have been baffled by mainly due to its contradictory nature, but its not an issue for us, nor the web3 space — we will simply build around them and in front of them, as opposed to with them.
We then took some days to take note, confirm that this is a long term stance through the Mojang team, alongside genuinely focusing on the right decision for our community and its holders, not the quickest or the one that ‘sounds best on paper’
BearX Labs was founded towards the end of 2021, focused on being rich in optionality and creativity, aiming to lead the way in the way people see NFTs, and what you can get out of it in terms of value and utility. We believe we have led from the front on many trials and products, albeit not many of them going as we expected. That being said, based on the news about 10 days ago, we are excited to bring the next chapter of BearX Labs to our holders and the web3 audience.
Fortunately for BearX Labs being a product heavy, creative led NFT brand — our laurels, nor our value was never and will never be tied to one entity. In other words, we always considered that an issue to some degree, (although not to this extreme) could potentially happen. So, before going into what we are pivoting to, here is a list of some of the things that you can look forward to this summer with BearX Labs away from Bearworld.
- Notes of a Bear (NFT e-books with opportunity to earn fiat through them) — never before seen in NFTs to date
- Free airdrops from non NFT first companies (Script Network being one, more to be announced in due course)
- Commission free Marketplace
- BearVX launch (free to holders) + Partnership with Binance NFT launching soon
But beyond this, lets zone back into the elephant in the room — which is — where do we go from here in terms of Bearworld and a destination for BearX holders to chill, collaborate, socialise and put their tokens to good use in a game environment.
So with this, we are pleased to announce our long term partnership with Wicked Bone Club (www.wickedboneclub.com). As any community members know, we have always have said its part of our vision to marry collections and teams with a vision of building together and making the most of opportunities at scale. There is no way (even in a bull market) that 5000 different games / metaverses would work — instead it would be a few, which would come together from partnerships and teams collaborating. It is important to note that this particular partnership is significant for the following reasons however.
-There is ownership of 18 connected land parcels in Sandbox (this makes us one of the largest connected land owners in Sandbox)
-Merger of collaborative teams of both companies to scale and improve the experience for holders long term
-Brand connections (including to tier 1 non crypto companies), can be utilised for the benefit of WBC and BearX holders.
WHY DID WE CHOOSE TO GO TO SANDBOX?
A few reasons. To start with, in regards to Mojang made us realise that we need to stop expecting web2 companies to act like web3 companies, and we thought long term, it makes more sense to build in and around those who have a more similar vision to us. Sandbox has been the standout metaverse in the last 5 years, and although not at full public launch yet, their ecosystem is rich in users, collections and integrations — making it perfect for what BearX and WBC in the near future.
We feel that based on the land ownership we have, we can make a significant shift in the value culture of its holders through our methods — whilst building on a platform / metaverse that already exists and has significant value already. This also allows us to maximise marketing through the ecosystem before and after their public launch.
SO BEYOND PLAYING IN THE SANDBOX — WHAT MORE CAN YOU EXPECT?
WBC and BearX Labs partnered because we all see the future of NFTs far beyond P2E fun games and merch. This means there is a tonne of value that is available to holders on and off chain for years to come. But in the near term, (and generally speaking), the more WBC and BearX bears you own = the more you will benefit from this new process. The more you engage in game (Sandbox) + the more assets you hold — the higher chance of you earning and winning rewards. This is fair to legacy holders, and to those who are engaged and great members of the community.
Here are some key highlights to expect however:
- Hosting of metaverse events — with crypto / non crypto company partners: these events bring rewards to BearVX and WBC VX holders
- Fractional or complete ownership of real world businesses
- Complete ownership of real world items: Own items from watches, to be annual supply of popular consumer goods.
- Like planned previously, there will be mini games in Sandbox like there was in the original Bearworld.
- Burn events of tokens to trade for significant value products on and off chain
- DSK DAO: A further opportunity to earn and benefit from our expanded ecosystem. DSK DAO Is a web3 and IRL community focused collection. Majority of funds raised will go towards giving back to the community through NFTs and desirable IRL items via raffles and gamified events. No ERC20 token, low supply, high rewards. Soon after their Genesis launch they are creating an interactive manga for holders of their Gen collection. Rewarding holders while growing the community through fun interactive ways. More value to current holders.
SO WHATS THE GOAL AND WHATS NEXT?
The goal is the near term continue to bring value with holders through the claim of VX characters, and then a free in-game experience, which gives further opportunity to win and earn rewards.
Long term — the aim is our BD team (which WBC and BearX have built out for this next phase together specifically) — will aim to partner with significant tier 1 crypto and non-crypto companies and offer significant rewards to holders.
We of course have some cool stuff up our sleeve which supports this partnership and makes it even more exciting to holders — of which we will announce in due course.
A FINAL NOTE FOR NOW:
As everyone is aware — the market isn’t in great shape right now (NFTs specifically). Volume is over 95% down and even YOY the volume is now on a downturn. This is simply because there hasn’t been enough innovation and ways for holders to get value beyond a cool PFP, merch and fun mini games. NFTs always was bigger than this. We’re committed that through innovation, experimentation and creativity to break this mould. Through this growing ecosystem — we plan to be the change — to bringing significant value to holders who are engaged through the products.
LFG
Website: https://bearxlabs.com/
NFT Contract: https://etherscan.io/address/0xe22e1e620dffb03065cd77db0162249c0c91bf01
Opensea: https://opensea.io/collection/bearxlabs
Token Contract: https://etherscan.io/token/0xd718ad25285d65ef4d79262a6cd3aea6a8e01023
Token Chart: https://www.dextools.io/app/ether/pair-explorer/0x098e65379ab97251b4b9261fd879acc08186a16b
Twitter: https://twitter.com/bearX_NFT
Medium: https://bearxnft.medium.com
