ZTX successfully introduced its first-ever NFT collection, the Genesis Home Mint, as part of its 3D open-world platform. The collection features 4,000 unique 3D-rendered District Homes, serving not just as in-game assets but as participatory tokens in the governance and economy of the ZTX virtual world.
2200 Genesis Homes had already been sold for .03 ETH to early participants. The remaining supply of 1800 Genesis Homes has been successfully sold for .06 ETH each. Interested buyers needed to bridge ETH to Arbitrum and could mint through the OpenSea storefront. Earlier this month ZTX announced they raised $13mm for further development of their Metaverse.
- ZTX Genesis Home Mint is the first NFT collection by ZTX, minting on Arbitrum.
- The collection comprises 4,000 unique District Homes.
- Each District Home grants access to governance in one of four ZTX Districts.
- Multiple utilities for District Home ownership, including gameplay boosts and social interaction features.
- Further developments like Avatar Builder and Wearable Collection are on the horizon.
In an atmosphere of rising anticipation and significant interest, ZTX, the groundbreaking Web3 metaverse platform sponsored by Jump Crypto, experienced a resounding success with the swift sellout of its initial NFT collection, the Genesis Homes. The collection, which consisted of 4,000 units, was completely sold out on the opening day, August 30, demonstrating an overwhelming investor appetite for this innovative approach to virtual real estate, even amid some bearish market tendencies.
The sale, which was featured as a prominent drop on the Open Sea platform, was facilitated through the Arbitrum network, attracting a plethora of investors and community members eager to secure a portion of the new digital real estate frontier. This surge of interest and rapid sale is believed to be a result of an orchestrated buildup, including detailed teasers showcasing the high-quality 3D designs of the homes and the positive buzz surrounding ZTX in recent weeks.
A prominent community figure, Beleng44, accentuated the community’s prolonged anticipation and the heightened interest generated by the diverse districts the homes are segregated into, as well as the overall optimistic outlook on the project. Adding to the commentary, Alexx, ZTX’s Chief Futurist and originator, emphasized the uniqueness of their product design, likening the free claim of virtual land and homes to the accessibility of profile pages on social media platforms. According to Alexx, the sold Genesis Homes should be perceived as premium membership passes, which would grant various advantages to the owners in the future, akin to a verified badge or platinum tier status on social media platforms.
“The wait for Genesis Homes was very long on the community part. The four different districts that the Homes would be categorized into, the high fidelity of the 3D houses that was shared in teasers, and the overall positive news that ZTX has been at the center of for many weeks definitely spiked interest for this mint.” Beleng44, a community manager and moderator for the ZTX Discord server, noted.
“To be honest, it’s a really innovative product design. Other crypto metaverse projects sell land, and that is a model that has worked well in terms of revenue, but to me setting a finite cap on the number of plots of land in a project and selling that land is like Instagram or TikTok setting a limit on the number of user accounts that can have their own profile pages. Virtual land and homes are the 3D versions of profile pages on social media, and it should be free to claim for any incoming user if that platform is seeking to onboard many users. ZTX offers free land and homes, and the Genesis Homes we sold are simply premium membership passes that yield different benefits down the road, like a platinum tier blue check or verified badge.” Alexx, Chief Futurist and creator at ZTX, also explained.
“I’m aware of institutional investors that participated in the ZTX Home mint. Whether small or large, the investor types getting a piece of ZTX have been diverse and that type of wider appeal is something to be bullish about.”
Julian Gropp, Partner at Parataxis Capital whose investment career starting at KKR has embraced diverse asset classes, commented.
“The idea of art and other creative work finding homes in ZTX is really exciting. Not financial advice but I’ve accumulated some also and plan to be active in the Art district [in ZTX]. I’m even thinking about running for mayor if they let me.” ThankYouX, a renowned fine artist and painter also influential in the NFT space, mused
“Arbitrum has a bright future with GameFi and NFT projects, and already has a strong DeFi community. We’re very much looking forward to the new activities that can be spurred in the DeFi district and Gaming district at ZTX. We also believe that the Fashion district and Art district could very much help the Arbitrum ecosystem advance along those content categories.” Luke Xiao, business development manager at Offchain Labs, further echoed this stance
As ZTX observes an upward trajectory in the floor price of its Genesis Homes, appreciating from an initial 0.06 ETH to 0.3 ETH, the focus now shifts towards the impending launch of its revamped on-chain 3D metaverse application, slated to roll out in the coming weeks, further expanding the boundaries of the digital realm.
What Is ZTX Genesis Home Mint?
This inaugural NFT collection is designed for early supporters of ZTX. Comprising 4,000 unique District Homes, these immersive in-game assets offer utility beyond aesthetics, including gameplay boosts and a role in governance within ZTX.
Diversity in Districts
Each District Home belongs to one of four initial ZTX Districts: Financial, Fashion, Arts, and Games. Every District provides its own unique aesthetic and economic backdrop, with 1,000 homes assigned to each District, granting holders access to the governance of their respective Districts.
Utility and Benefits
Ownership of a District Home is more than a digital asset; it’s a key to multiple features in the ZTX universe. These features range from unique in-game traits to gameplay economic boosts and even socializing opportunities within the ZTX world.
Enhancing Governance through DAOs
Ownership of a District Home isn’t just symbolic. It makes the owner a member of the District’s DAO, empowering them to propose, discuss, and vote on District-specific initiatives. For instance, as a member of the Games District, one could propose and develop a new game, thereby actively contributing to the ZTX ecosystem.
Upcoming Developments
After the Genesis Home Mint, ZTX has plans to introduce the Avatar Builder and its first Wearable Collection. The highly-anticipated Beta launch will further extend the open-world experience, making this an opportune moment for early participation in the ZTX ecosystem.
Why Early Participation Matters
Being an early holder of a District Home in ZTX provides unique opportunities, from governance roles to various gameplay and economic boosts. The Genesis traits of these early homes make them valuable digital collectibles, tradable on secondary markets.
Closing Thoughts
The ZTX Genesis Home Mint isn’t just another NFT collection; it’s a foundational element of a burgeoning virtual world with its own economy and governance. By providing multi-layered utility from governance to social interaction and gameplay boosts, it sets a precedent for what in-game assets can achieve in the realm of web3 virtual real estate.
