Kanpai Pandas Investment: Why I bought a panda
Kanpai Pandas Investment: Why I bought a panda
Kanpai Pandas Investment Memo: Why I Bought a Panda
High-Level Rationale:
One of the few NFT projects building a real-life brand: in addition to the NFTs, they have a media arm and a retail clothing arm.
Kanpai Collective has several major athlete partnerships including Jon Jones and several other top UFC fighters. Routinely post pictures wearing the brand’s merch.
Have seen other notable NFT projects partner or begin a retail component with great success. For example, Pudgy Penguins floor price now exceeds 10 ETH.
Kanpai Pandas utilized LayerZero to launch its NFTs in a multi-chain manner. There’s likely a component of the LayerZero airdrop that will reward Panda holders.
Pandas community is quite strong.
Purchase Price: $3500 on Dec. 1st, 2023
Current Price: 1.7 ETH (~$4200) as of January 19th, 2024
Overview: Kanpai Collective
Kanpai collective is a business entity leveraging web3 tech and social communities to become a globally recognize brand. They are attempting to pioneer a movement. They are leveraging NFTs, called Kanpai Pandas, to create a strong community. Piggybacking on the success of the NFT mint, Kanpai collective launched a media division and two retail product lines.
Overview: NFT Collection (Kanpai Pandas)
Launched in April of 2022, the Kanpai Pandas are all about real-life experiences - the team is combining the best of Web2 (IRL) & Web3 to create a unique NFT use case never seen before. The Kanpai Pandas are the cornerstone of Kanpai Collective’s entire ecosystem.
Current collection:
Original Collection — 10,000 Unique customizable Pandas, across 8 different chains.
Infinity Collection — 250 Futuristic Pandas rewarded to original collectors across all chains.
Unique Propositions offered by the collections:
Kanpai Pandas is not your typical NFT project; rather, they provide exclusive experiences for their user base with the extra dimensions they deliver on, which is where they saw an actual scalable business to be owned.
Unique Propositions:
One of the first omnichain NFTs:
Offered across 8 chains in total, all interoperable
Flexibility to move from chain to chain.
Focused on real life events and experiences.
One of the first NFTs with completely customizable traits across several categories.
Pioneer in dynamic rarity
(Q: What is dynamic rarity? A: A dynamic NFT (dNFT) is a Non-Fungible Token (NFT) with encoded smart contract logic that enables it to automatically change its metadata based on external conditions. )
Robust rewarding ecosystem
Will explore this later in the memo
Venturing into several business verticals (apparel, products, media and sports to ensure revenue and sustainability)
Points Reward System
Overview
Each panda accrues points on a daily basis. The number of points depends on the Panda's rarity score (based on rarity of each trait it has). Points are off chain and can be transferred from the panda to the point bank at no cost. Points are transferred via ppdex.io
What can points be used for?
Customize your panda.
Pandas are forever customizable via the points earned. New traits can increase the Panda's rarity, increasing its daily point allocation. Rarity Score is defined as the aggregate score of the highest scoring item from each trait class that a Panda owns (either equipped or stored in inventory).
New trait packs are introduced every 30-60 days, and can only be purchased with points.
Casino and sports book
Can use points to play several casino games
Raffle system
Enter with panda points, have a chance to win concert tix, apparel, vacations, etc. Kanpai owns a suite at the Raiders stadium in Las Vegas, and routinely raffles off those tickets.
Marketplace
Can purchase items with points as well
Karate Combat Partnership
Panda ownership can give you access to Karate combat events, exclusive traits, portion of Karate Token Pool.
Fantasy Sports Competitions
Real-Life Ownership Benefits
Kanpai Collective prioritizes friendship, building memories, networking and having a good time. Thus, they host epic events and access to unique experiences including the following:
Pandamonium: Massive annual event that all holders have free entry to. Video of last year’s event:
BTC Miami: gave free food, drinks, and ticket access to last year's conference
15 year lease to allegiant stadium: Enjoy exclusive access to all Raiders preseason, regular, and playoff games. Kanpai Pandas extends your VIP experience beyond football. Holders have first dibs on concerts, basketball, UFC, WWE, and more at Allegiant Stadium.
Sources:
https://medium.com/@KanpaiPandas/who-are-the-kanpai-pandas-9df040fd7122
https://kanpai-labs.gitbook.io/kp-docs/panda-point-mechanics