How to value your CrypToadz (by GREMPLIN) NFTs
CrypToadz originally started as a fun NFT project as Gremplin began toadifying profile pictures of frens (OG team from the punk discord), turning Punks, CoolCats and others into pixel toads. The community was instantly pulled into the project because of Gremplin's involvement. First to jump in were the owners of NFT Punk who promptly changed their Twitter avatar to their new NFT Toadz.
At the present time, the project has reached 43.5 ETH in total trading volume or about $148.29M. Each CrypToadz NFT had a mint price of .069 ETH, and the project sold out very quickly, with the floor price currently reaching 3.93 ETH.
Table of contents
What is CrypToadz about?
What makes Gremplin's involvement worthwhile?
How to determine the value of CrypToadz NFT?
What is the project's future?
Closing thoughts
What is CrypToadz about?
Launched on September 8, the CrypToadz NFT collection comprises 6969 small amphibious creatures. The collection is full of pop culture, crypto and NFT references. To begin with, these amphibious creatures inhabit the Uniswamp marshy basin which is a reference to the Uniswap Exchange. The story of the NFT CrypToadz universe is centered around the descent upon Uniswamp of the Evil King Gremplin who dispatched the leader of the CrypToadz, Colonel Floorbin, exiling him to Gooch Island. Soon after Colonel Floorbin's fall, the Evil King Gremplin declared his divine right to rule over all CrypToadz in the Metaverse, renaming Uniswamp to GREMPLAND. With his mighty army of Fronkz, Gremplin has caused devastation in the CrypToadz. The CrypToadz NFT collection was minted to free the Toadz from the reign of the Evil King Gremplin.
The narrative core of a collection is fulfilled, let's briefly introduce the artist behind the collection - Gremplin.
What makes Gremplin's involvement worthwhile?
Gremplin is an OG in the NFT space and he is also one of the 10 Nounders behind Nouns DAO project. So he has already created many 1/1 pieces and editions.
The CrypToadz collection is driven by Gremplin's referential style and irritating artistic voice. The framing of his work is silly and fun. In other words, it has a look that resonates with the community. This makes Gremplin's personal touches very appealing, especially to those who have been in the space since the beginning. For example, according to James Wyper, a Toadz holder and friend of Gremplin, “there are so many inside-references and Easter eggs in the Toadz designs.”, turning Gremplin into the “visual historian of space.”
Also given the domino effect of Gremplin's familiar toad memes in various discord servers, the growth of the community has been quite organic and natural. So far, the CrypToadz’ Discord channel counts 13.5k members while its account on Twitter has 22.9k followers. And it is worth mentioning that the Gremplin account on Twitter has 26.3 followers. In addition, a number of well-known industry personalities have changed their avatars, profile pictures and backgrounds to Toadz.
How to determine the value of CrypToadz NFT?
Each Toad within the collection has unique combinations of attributes. Indeed, each one possesses at least one trait and can have a maximum of seven traits, specifically accessory I, accessory II, background, body, eyes, head and mouth. Moreover, some of the Toadz may have clothes and custom characteristics too. For instance, Legendary Toadz are featured in completely different art styles or even animated. So it won't be hard to spot rare CrypToadz.
As the collection is full of references, including nods to The Matrix, Cryptopunks, BAYC, Dogecoin and more, an extra layer is brought to the collection for those looking to get their hands on a specific part of the identifiable CrypToadz.
The most expensive NFT CrypToadz so far is CrypToadz #1519 sold for 420 WETH (about $1,87M) which is a custom animated Toad having Licked-Hallucination trait. Followed by CrypToadz #2155 sold for 300 ETH (about $1,33M) and CrypToadz #6514 sold for 175 ETH (about $778.8k), the latter referring to the Matrix.
What is the project's future?
The CrypToadz project is in the public domain which means that it is not copyrighted and is approved for free commercial use. As stated, feel free to use the toadz in any way you want. In other words, the work can be copied, modified, distributed, and performed, even for commercial purposes, all without asking permission.
Also, there is no roadmap or any marketing promise, nor are weekly events or giveaways related to the project planned. However, the CrypToadz community's involvement has been reflected via multiple derivative projects, notably CrypToadz Sockzs, Zombie Toadz, and CryptoFlyz. For example, on September 30th, 2021, Matt London, SuperRare artist, announced a companion project of CryptoFlyz. The collection holds similar attributes to CrypToadz and is available for free mint to the holders of CrypToadz.
While Cryptoadz are in the public domain and free for anyone to use, a collaboration announcement between Cryptoadz and Arcade NFT recently took place. This is the first official collaboration and tribute entitled Toad Runnerz, which is officially sponsored by CrypToadz. The idea for this collaboration was suggested by the CrypToadz by GREMPLIN team who provided Arcade NFT with official in-game CrypToad assets. From this inspiration, the game & Arcades was then developed and created by ArcadeNFT.
The mint took place on October 14. The first hour of the mint was restricted to CrypToadz or Arcade NFTs holders.
Closing thoughts
First and foremost, it is worth mentioning the cultural and community influence of the project. Above all, CrypToadz has created a buzz because it is popular within the NFT communities, affirming the power of the NFT community itself and the art that represents it. Even though there is no official roadmap, the project has further development possibilities shown in derivative projects; an entertainment area on Cryptovoxels is also planned. To stay up to date, you can check their discord for more details and announcements.