- Shima Capital-backed IP and entertainment firm STR8FIRE achieved a noteworthy milestone when its first NFT collection, Genesis NFTs, sold out on OpenSea and Blur in a matter of seconds.
- The successful debut of STR8FIRE’s Genesis NFT collection stood out in the face of difficult market conditions, highlighting the project’s broad appeal.
STR8FIRE’s total trading volume reached 8.17 ETH in the first day of trading, paving the way for the token’s upcoming launch on centralized exchanges.
By employing Epic’s Unreal Engine and Nvidia’s Omniverse platform, STR8FIRE expands the reach of web2 IPs by integrating them into storylines across animation, comics, games, toys, and music and putting them on the blockchain.
Of the 1,200 free-mint NFTs in the Genesis NFT collection, more than 814 were claimed through guaranteed spots in the first mint phase.
A later-in-2024 token launch, $STR8X, will be available for airdrop to holders of STR8FIRE’s Genesis NFTs, along with access to special benefits related to the project’s intellectual property collaborations.
A Hall of Fame Group of Sector Specialists
The team behind STR8FIRE is led by industry veterans Christiaan Eisberg, Xuyang Zhao, Ben Lock, Haiwei Yuan, and a plethora of other veterans such as a Marvel comic writer, a BAFTA-winning animator, an IP developer for Disney, and specialists in AI and DeFi.
Cutting-Edge Technology and Strategic Alliances Together
STR8FIRE has created a 3D pipeline technology that works with Nvidia’s Omniverse and Epic’s Unreal Engine to create rich, interwoven storylines.
According to Christiaan Eisberg, Founder and CEO of STR8FIRE, “Web3 has the power to change the controlled world of IP through community participation and our IP development fund, creating a flywheel of products through NFTs, games, and more.” Fueling our ecosystem is the $STR8X token.
One of the numerous benefits that holders of this NFT will receive, he continued, is the native currency that would be used to pay platform fees, in-game purchases, and buy in for play-to-earn games.
In collaboration with Bilibili, the biggest animation studio in China, STR8FIRE is now developing their science fiction animated series, VIRUS, into a whole IP ecosystem that includes a toy line, mobile game, and NFT series.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
