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In this episode, I sit down with Danny Greene, the general manager of the MeebitsDAO. We have a wide-ranging conversation about the significance of NFTs, the analogies that can be used to onboard new users into the NFT space, and of course, we also focused on Meebits in particular. I really like the MeebitsDAO initiative in favor of an open metaverse, so if you’d like to learn more about the metaverse and how you can start participating in this space you should definitely give this one a listen.
The Meebits are 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain. The original 9000 Meebits were available for purchase through a Dutch-style auction starting from 2.5 ETH. The remaining NFTs were distributed to holders of CryptoPunks as well as Autoglyphs.
A simple gas fee transaction could be used to redeem a Meebit with a punk or glyph. Because of its rarity as well as scarcity, the collection had topped the charts as well as sustained constant sales. With $127 million in sales volume, this became the 7th all-time top collection in just four months. At least ten Meebits have indeed been sold for over a million dollars.