A certain number of NFTs from The Smurfs Society Legendary PFP Collection were recently sold at a bucket auction held in partnership with Rarible.
The famous blue creature is about to take over the Web3 as The Smurfs Society, the PFP project officially backed by The Smurfs brand, has officially launched the Legendary Collection featuring 3D Smurf PFP. They were recently sold through a bucket auction powered by Rarible, an NFT marketplace.
The total supply of this collection is 12,500 NFTs, but the auction consisted of 3000 PFPs and ran from April 18th to April 20th. In this type of auction, the price of mints is determined by the participants, who use a specific mechanism to determine the “liquidation price”, the price of 1 NFT. So if your bid is 1 ETH and your liquidation price is 0.7 ETH, you will end up with 1 NFT and the rest will be refunded. On the other hand, if he bids with 1 ETH but the liquidation price is 0.5 ETH, he gets 2 NFTs instead. Bids below the liquidation price will be refunded.
The final liquidation price for this auction was 0.173 ETH. According to the project’s official GitBook, the 0.173 ETH clearing price will be used as a ‘baseline’ for the crystal minting price minus the discount.
But collections aren’t the only part of this project. There is also a Web3 minting game available to a limited number of players, collecting items and mixing ingredients for a chance to win Crystals on the Polygon network. Crystal owners can participate in his 3-week-long sale set later this month. This gives the owner the chance to participate in an allow list that allows them to choose which Smurfs i want to buy
According to the roadmap on the official website, there are plans to release more games, publish white papers, launch a DAO, and more after June of this year.
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