I have a massive collection of NFTs, thousands on WAX or EVM chains, and even some on exotic chains. Most of them are art, and not many have much utility. I am a collector, not an NFT flipper!
However, the dynamics on Kaito made me turn my attention towards it's Yapybaras! Not for short term gains but as a strategy to secure perpetual airdrops and token allocations!
The Yapybaras are a 1,500-piece NFT collection by Kaito, launched in December 2024. The collection features playful capybara-themed art by Froggy Cyborg, blending creativity with Web3 innovation.
Holding a Yapybara grants access to airdrops reserved for the Kaito ecosystem, and I had a leap of faith. Bought one at a higher price, then topped up my collection with two at a discounted price!
I bought my first Kaito Yapybara when the floor was 0.91 ETH, paying $3395 for a jpg! Soon the floor went downhill and I've seen my investment loosing nearly half of it's value.
But I'm in for the long game, and patience is a virtue! When the Yapybara floor touched 0.6 ETH I seen it as an opportunity. I decided to buy one more, but I ended up buying two!
By the time I had some funds unlocked, the floor dipped a bit more so I bought one for 0.586 ETH and the second one for $0.593 just because I went for a higher rarity.
The Limitless capital launchpad hype took over web3, and the fight for $LMTS allocations made the Yapybara floor skyrocket. Holding an NFT increased the chances so people went on a buying spree!
Sold my naked Yapybara, rank 1478 from 1500, for 1.285 $ETH few minutes after listing. The floor went even higher but I've decided to hold on the other two. Made a nice profit in one month!
This one was bought for 0.586 and sold it a month later for 1.286. Made a 0.7 $ETH profit and lowered my average for the remaining two NFTs. Selling an NFT for $5335 has become my personal record!
Now I have two Kaito Yapybaras, and the average for each is now 0.4 ETH or $1743. Both values are much under the current market value, which hoovers around 0.9 ETH per NFT.
The beauty is that few weeks after I sold one, I've got an airdrop that already covered the cost of both Yapybaras I decided to keep. As I said before, I am playing the long-term game!
The Mira Network airdrop was a significant event within the Kaito ecosystem, rewarding early adopters and active community members for their contributions. The drop included Yapybara holders!
Mira Network is a decentralized infrastructure platform, focuses on enhancing the reliability and accessibility of artificial intelligence by utilizing blockchain technology for trustless verification of AI outputs.
The airdrop aimed to distribute $MIRA tokens to various participant groups based on their engagement and contributions. The Kaito Ecosystem received 0.20% of the token supply.
I received 4202 $MIRA, which on TGE date were valued at $6,081, and covered my NFT investment. I sold 3202 tokens soon after the claim, for 4175 USDC, and kept 1k in case the price went up.
Short story... the price went down only and cashed out the remaining $MIRA tokens for 666 USDC (not joking!) The Mira distribution helped me to pocket $4841 and achieve ROI for my NFTs!
After that, I covered all my investments and ended up $1355 in profit. On top... I am still holding two Kaito Yapybaras ... which will keep adding rewards from all the projects that allocate tokens to the extended Kaito ecosystem.
Residual Income:
Claim your Zerion XP!
Mindshare: Kaito / Cookie / Wallchain / Mindo
Play2Earn: Splinterlands & Holozing