Behind the sharp rise in the price of many leading NFTs, the "Golden Shovel" gameplay has been introduced with the help of ecological project airdrops

By Nancy, PANews

While the Ordinals ecosystem has led to a significant recovery in the NFT market recently, other competitors such as Cosmos, Solana, and Aptos are using airdrops to turn leading NFTs into shovel-type projects, which has directly driven the price surge and gained more attention from the market.

Bad Kids on Cosmos

“Every bad boy is a bad boy, but some kids are even worse.” Bad kids is an artist-centric PFP series of 9999 different bad kids that launched in March 2022. Previously, many Cosmos ecological projects and founders have publicly supported Bad kids, such as Josh Lee, founder of the Cosmos ecological wallet Keplr, liquid staking protocol Stride, Sunny Aggarwal, CEO of Osmosis, and Shane, co-founder of the NFT application chain Stargaze.

Recently, Namada, a privacy-focused Layer1 protocol, recently announced the official launch of its token RPGF airdrop, and in addition to developers, contributors, and stakers, Bad Kids holders are also eligible for rewards. Affected by this, Stargaze data shows that as of December 12, the floor price of Bad kids has risen to 90,000 STARS, an increase of 1,243% in the past 7 days, and the number of addresses held is about 3,755.

Mad Lads on Solana

Mad Lads is the first 10,000 xNFT collection launched by crypto trading platform Backpack, created by Backpack co-founders Armani Ferrante and Tristan Yver. Compared with traditional NFTs in the past, this new type of NFT is functional and scalable.

In November of this year, Backpack Exchange, a new crypto trading platform jointly created by former FTX executives, launched a staking airdrop of the oracle project Pyth Network, in which Mad Lad holders and users who conduct trading activities on the Backpack are eligible for reward credits.

According to Magic Eden data, as of December 12, the floor price of Mad Lads rose to 182.6 SOL, with a total trading volume of about 24 million SOL and a total holding address of 4,560.

Aptos Monkeys on Aptos

Aptos Monkeys is a collection of 7,777 NFTs in the image of monkeys. The official website of Aptos Monkeys has launched the NFT staking function, and as of this time, its pledge amount has exceeded 167,000 APT, and a total of more than 5,200 NFTs have been pledged, accounting for 67.4% of the total. Recently, Aptos Monkeys launched a new version of Echo, a multi-functional token suite, and the former will also launch its own token and airdrop it.

Prior to this, Aptos Monkeys has received many airdrops from Aptos ecological projects, such as DEX Enchanter Finance, wallet Pontem, etc., which have been airdropped to Aptos Monkeys NFT holders.

According to data from Topaz, an NFT marketplace on Aptos, as of December 12, the floor price of Aptos Monkeys was 32 APT, with a total trading volume of more than 482,000 APT and nearly 1,200 addresses.