Alex Becker announced the Neo Tokyo NFT Collection in early October 2021. However, unlike the path NFT projects normally follow, the Neo Tokyo NFT ecosystem is shrouded in secrecy. To coin the first set of Neo Tokyo Identities NFTs, you had to solve various puzzles and brain teasers. Even now, it’s also not easy to join their Discord.
Despite all the secrecy (or perhaps because of it), the Neo Tokyo Identities project took off almost instantly. What was released as free NFTs now has a cult following. Identities with both internal and external citizens followed.
What is Neo Tokyo NFT about?
The Neo Tokyo Project consists of 2,018 identities and 2,500 Vault Cards. It is loosely inspired by the 1987 anime film Neo Tokyo set in a dystopian world. Furthermore, NFTs are strings of codes that come with “many aspects” that will grant “citizens great power in Neo Tokyo.”
The collection, in the words of the founders, claimed to be the “fairest NFT drop ever”. In this sense, it had no presale, it was free, and the two founders had only one NFT each.
Who created the Neo Tokyo NFT ecosystem?
Crypto youtubers Alex Becker and Elliotrades created the neo tokyo NFT collection. Their goal is to build a truly community-focused project that develops a “long-term culture of engagement.” Basically, the Neo Tokyo NFT collection rewards holders who pay attention to the ads and participate in their digital community.
“Read the code. Know the code. You are your code, but you will be many codes,” Becker tweeted. “Those who learn the code, [will have] advantages beyond imagination when they assume full digital form.”
About Season 1: Inner Citizens
Season 1 of the Neo Tokyo NFT Collection introduces the Inner Citizens. Essentially, Season 1 is divided into four parts: Neo Tokyo Identities, Neo Tokyo Vault Cards, Neo Tokyo Item Caches, and Neo Tokyo Property Titles.
Neo Tokyo Identities from Neo
Tokyo represent the characters from the world of Neo Tokyo. These are male or female, with different classes, abilities, eyes, and races. Classes range from driver, bartender, and builder to cook, laborer, journeyman, and more. There are 33 classes in total. Also, their text colors vary depending on their rarity.
Neo Tokyo Vault Cards work much like bank accounts. In other words, you’ll have credit ratings, supply items, a share of the game’s wealth, and more in the vault. In addition, the vault contains the collection’s native token, BYTES.
In the world of Neo Tokyo, these represent various items that holders can collect for their characters, including clothing, weapons, cars, and helmets, to name a few.
Neo Tokyo Land Deeds
The fourth part of the Neo Tokyo set, owners of the previous three can claim them for free. These are virtual lands spread over various communities.
Neo Tokyo Citizens
The Neo Tokyo NFT collection began with the Identities. Later, identity holders could obtain their Vault’s attributes by playing a minigame, titled Kong Klimb. Vault holders then played another minigame to gain rarity from their item caches.
Subsequently, everyone who had the first three parts of the set could claim Land Deeds. Finally, those with all four pieces could upload their codes to claim a Neo Tokyo Citizen. Unlike Identities, which are strings of code, Citizens are full characters with highly detailed artwork.
Only these have a minimum price of 13.5 ETH on OpenSea. This means that you will have to shell out at least $42,000 to get one of these coveted citizens!
Season Two: Outer Citizens
Outer Citizens make up Season 2 of Neo Tokyo. Here too, Becker tweeted details of the White List for coining external identities, minutes after which it was filled. Once the whitelist was closed, users had one hour to save their BYTES. Here’s the twist: the more chips they burned, the weirder their Exterior Identity would be.
Soon, Season 2 will reveal Land, Vaults, and Items to complete the set. Also, NFT rarities and BYTES allocation will depend on the Meta Tournament rankings.
Actually, the project launched guilds and gaming teams in February this year. Post this, NFT holders could enter various Meta Tournaments on Twitch to compete for items.
How to get a Neo Tokyo
NFT Getting an NFT in the collection is not a piece of cake. Only those who are on the Neo Tokyo permit list can mint NFTs. Also, only those who solved the puzzles or won games made it to the allowed list on a first-come, first-served basis. Then, on Loading Day (October 3), Becker whitelisted in groups, with each group having 10 minutes to coin the Neo Tokyo identities.
However, this process did not guarantee a mint. In reality, they asked users to “pass” another test.
According to Dave Loyal, they were asked a series of questions. Previously, Becker tweeted various clues and codes containing the answers. At the end of the test, the project gave users Etherscan addresses and contract links where they could mint NFTs, if they were on the allow list, of course.
Neo Tokyo Vault Cards
Also, on October 16, the team posted the contract link to the Mint Vault cards. The process was the same as before, each Neo Tokyo holder got two hours to take a single vault. However, if the starters don’t arrive on time, the white-listed game winners could “steal” the vault.
Should I buy a Neo Tokyo NFT?
Today, Neo Tokyo Identities is the 33rd collection by trading volume of all time, according to data from DappRadar. So far, his all-time trading volume has reached $125.12 million! Some of the NFTs in the collection have also sold for considerable sums. Character #1468, for example, is the best-selling NFT in the collection, according to OpenSea. It sold for 175 ETH (about $550,000 based on current market prices).
Meanwhile, Character #1781 got 150 ETH ($472,000 now). Similarly, #291 and #1809 sold for 79 ETH and 75 ETH, respectively.
Clearly, Neo Tokyo Identities is an NFT project like no other. Can you give top collections like The Bored Ape Yacht Club, Cool Cats, and CryptoPunks a run for their money? Well, we can’t wait to find out!