Behind the sharp rise in prices of several leading NFTs, ecosystem project airdrops have introduced the "golden shovel" strategy
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Behind the sharp rise in prices of several leading NFTs, ecosystem project airdrops have introduced the "golden shovel" strategy
Namada, a privacy-focused Layer 1 protocol, recently announced the official launch of its RPGF token airdrop. In addition to developers, contributors, and stakers, holders of Bad Kids NFTs are also eligible for rewards.
Navigating Web3 tides with focused insightsAuthor: Nancy, PANews
Recently, while the Ordinals ecosystem has led a notable recovery in the NFT market, competing ecosystems such as Cosmos, Solana, and Aptos are leveraging token airdrops to transform their flagship NFTs into foundational "pickaxe" projects. This strategy has directly driven sharp price increases and attracted greater market attention.
Bad Kids on Cosmos
“Every bad kid is a bad kid, but some kids are even badder.” Bad Kids is a PFP collection centered around artists, consisting of 9,999 unique characters launched in March 2022. Previously, several projects and founders within the Cosmos ecosystem have publicly supported Bad Kids, including Josh Lee, founder of Cosmos wallet Keplr; Stride, a liquid staking protocol; Sunny Aggarwal, CEO of Osmosis; and Shane, co-founder of the NFT application chain Stargaze.
Recently, Namada, a privacy-focused Layer 1 protocol, announced the launch of its RPGF token airdrop. In addition to developers, contributors, and stakers, holders of Bad Kids NFTs are also eligible for rewards. Affected by this news, data from Stargaze shows that as of December 12, the floor price of Bad Kids surged to 90,000 STARS, representing a 1,243% increase over the past seven days, with approximately 3,755 holding addresses.
Mad Lads on Solana
Mad Lads is the first xNFT series launched by Backpack, a cryptocurrency trading platform, with a total supply of 10,000. It was created by Backpack co-founders Armani Ferrante and Tristan Yver. Compared to traditional NFTs, this new type of NFT offers functionality and scalability.
In November, Backpack Exchange—founded by former FTX executives—launched a staking-based airdrop campaign for the oracle project Pyth Network. Holders of Mad Lad NFTs and users who conducted trading activities on Backpack were both eligible to receive reward allocations.
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 approximately 24 million SOL and around 4,560 holding addresses.
Aptos Monkeys on Aptos
Aptos Monkeys is an NFT collection featuring monkey-themed avatars, with a total supply of 7,777. The official Aptos Monkeys website has introduced an NFT staking feature. At the time of writing, staked amounts exceeded 167,000 APT, with over 5,200 NFTs staked—accounting for 67.4% of the total supply. Recently, Echo, the multifunctional token suite launched by Aptos Monkeys, is preparing to release a new version, and the team plans to issue its own token and conduct an airdrop.
Previously, Aptos Monkeys has received multiple airdrops from projects within the Aptos ecosystem. For example, decentralized exchange Enchanter Finance and wallet Pontem have both distributed tokens to holders of Aptos Monkeys NFTs.
Data from Topaz, an NFT marketplace on Aptos, shows that as of December 12, the floor price of Aptos Monkeys stands at 32 APT, with total trading volume exceeding 482,000 APT and nearly 1,200 holding addresses.
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