What is the Okay Bears NFT Collection? Complete explanation for beginners! =

NFT investors are once again looking with open mouth at the latest success: Okay Bears. The Solana NFT collection breaks all records in no time. In just 24 hours, it has more trading volume of NFT collections like Gary Vaynerchuck’s. This is the first time that an NFT collection on Solana has had such a great success. And that success is not entirely accidental. Discover everything about Okay Bears in this blog and why it could just become the competitor of the Bored Ape Yacht Club.

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  • View quickly
  • What is Okay Bears NFT Collection?
    • #WAGBO
  • Solana NFTs
  • Launch
  • Blueprint – Roadmap
    • Park
    • Bear Market
    • Workshop
    • Gallery
    • Studio
    • Boutique
    • Platform
  • Integration Web3.0 in the physical world
  • The new Bored Ape Yacht Club?
  • Team
  • Social media
  • Conclusion

Are you just as excited? Then you can watch the video below as an introduction:

 

What is Okay Bears NFT Collection?

We all know by now the wildly popular Bored Ape Yacht Club that trades for hundreds of thousands of dollars. But with the increasing popularity of Solana NFTs, it didn’t take long before a similar NFT collection was developed here as well.

Okay Bears is an NFT collection in Solana’s (SOL) network of 10,000 unique bears, each with different and rare traits. The collection was launched on April 26, 2022 and immediately had a flying start and an unprecedented success. The goal is to build a strong community that will transcend the internet to the real physical world. We are increasingly seeing NFTs bridge the gap to the physical world. The VeeFriends NFTs are also a digital access pass for VeeCon, Gary’s conference.

Owning one of these Okay Bears will grant you access to exclusive merchandise, NFT drops, live events and major global collaborations in the future. In this way they want to build a worldwide Web3.0 brand.

#WAGBO

Twitter and social media are overflowing with abbreviations related to the world of crypto. One of the best known is probably WAGMI, which stands for: “ We Are Gonna Make It ”. Okay Bears’ NFT collection is so purposeful in building their community that they’re even launching a new abbreviation into the world, namely: #WAGBO . This means something like: “We Are Gonna Be Okay.”

Solana NFTs

We see more and more interest in the world of NFTs and that is certainly not unjustified. The single largest NFT marketplace at the time of writing is still OpenSea, where millions of Ethereum-based NFTs are traded daily. But whoever says Ethereum also immediately says sky-high gas parties. That’s why NFT platforms like Magic Eden, the largest NFT marketplace for Solana, are growing. Since April 2022, OpenSea now also supports Solana NFTs , which means they get much more exposure.

Launch

Long before the launch of Okay Bears, the hunt for these funky bears was on. With a whitelist of 7500 and only 2500 public mints, the chance of a bear was of course very small. Before launch, Twitter almost exploded because of course everyone wanted to get a whitelist. This resulted in great hype and great exposure on social media. And with success!

Were you one of the lucky ones and were you whitelisted? Then you could mint an Okay Bear for only 1.5 SOL. At the time of launch, it was only $150. Fast minters in the public sale paid 2.5 SOL, about $250. And in retrospect, this turned out to be a real bargain. Not only did these Okay Bear sell out in just 7 minutes, but secondary sales also skyrocketed.

According to OpenSea statistics, Okay Bears’ NFT collection has set a new record. Okay Bears saw the largest trading volume in the first 24 hours after launch, at a whopping $18.4 million. It beats Gary Vaynerchuk’s VeeFriends 2.0 with a trading volume of $13.1 million. This is the first time that a Solana NFT collection has such a large trading volume in just 24 hours, surpassing several Ethereum NFT collections.

OpenSea.io

Blueprint – Roadmap

The makers deliberately do not use the word ‘Roadmap’. This is not your average project with a roadmap, but a revolution. It’s a blueprint, manual on how to build a community that wants to be central to the development of Web 3.0 brands.

Park

Where a Bored Ape gives you access to The Swamp, an Okay Bear gives you access to the park, among other things. The place to be to relax and chill with others. The makers here emphasize the duality and contradictions in the world, but that in a world of winners and losers, heroes and villains, this park is the place where it’s okay to be ‘okay’. An extraordinary brand designed and built for normal people.

“A place to fit in. A space to stand out’

Bear Market

No declining market or panic sellers, but an ecosystem of Web3, Web 2 and physical sales channels for everyone with an Okay Bear-NFT . They want to partner with big brands to bring numerous benefits to their community. And they’re doing it on a grand scale: they’re working on an integration with none other than Shopify that would give Okay Bears holders access to a dedicated e-commerce platform for all their exclusive purchases. In addition, they also want to show their presence at real-life events. They will open pop-up stores worldwide, as well as at crypto events. Everything for more brand awareness to build their community.

Workshop

Not a one-hit wonder but a sustainable investment; Okay Bears wants to keep growing and they want to do this on the basis of collaborations to increase their community. This through advertising as well as large-scale marketing campaigns such as billboards, metros, and advertising videos. Who knows, you may soon see an Okay Bear appearing in Time Square, it will just be possible. It seems that the team will spare no expense!

Gallery

A gallery is the central place to show your art to the world. Not only the original Okay Bears get their place here, but everyone can contribute to Okay Bears fan art. How? By simply letting your creativity run wild. Every fan, whether you are part of the community or not, can go wild. This art can be viewed by anyone on the official Okay Bears website. And isn’t this digital gallery enough? Discover your opportunities in the physical world. Okay Bears will hold global pop-up exhibitions where you can present your digital art to the whole world.

OkayBears.com

Studio

When you say studio, you immediately think of music. And yes. How an NFT collection can contribute to music? A strong community where everything is possible and everything is allowed and where chilling is central, is accompanied by jam sessions . In the future, the community will also send these albums and jam sessions to the world via the streaming platform Spotify . Just chill beats and good vibes!

Boutique

You will of course find the most exclusive merchandise in this boutique. Buy your collectibles, your prints and especially your ‘swag’ here. Immediately after mint, anyone with an Okay Bear could claim their welcome package, a real-life package with numerous gadgets. Conceptual and unique prints are only available for Okay Bears. Do you still want to go wild in this boutique, but you don’t have an Okay Bear? Fortunately, you can also shop here, although only the less rare items. This way they get more brand awareness.

Platform

Real leaders and experts emerge here. The platform brings together tech lovers and blockchain enthusiasts in keynotes, conferences and meet-ups. This is not only for Okay Bear holders, but also for NFT partnerships. These are other NFT collections that will help build Okay Bears’ success. These events will take place both online and in real-life.

Integration Web3.0 in the physical world

The virtual world of Web3.0 is a revolutionary development. For the first time, as an investor, we can own something digital. A virtual item, a digital image, that is exclusively yours. While much of this NFT collection is purely a form of digital art, we increasingly see a symbiosis between these non-fungible tokens and the physical world. The Bored Ape Yacht Club was one of the first to offer numerous benefits in the physical world thanks to these NFTs.

These Okay Bears also have a very clear vision where they want to go beyond just showing off their digital art. They are building a solid community where NFT’s new technology is part of this revolution . As they say themselves: they are building a community, a real brand that is central to the development of Web3 and that bridges the physical world.

The new Bored Ape Yacht Club?

With a minting price of 1.5 SOL and a floor price of 108 Solana a few days later, we can of course dream aloud about the further price development of Okay Bears. Making the comparison is difficult because we are now a year later and more and more investors have found their way to the world of NFTs.

OpenSea.io

If we look at the graph above, we see that growth was fairly steady. The minting price of Okay Bears rose from 1.5 Solana to a whopping 108 Solana, just 4 days after launch. This is an increase of x72. When we look at the same growth with the BAYC, we see that it took the team almost 4 months. Although a lot has changed in one year, we can ask ourselves whether Okay Bears will ever catch up with the Bored Ape Yacht Club.

Team

The entire team consists of 12 talents, each with their own specialism. We limit ourselves to the 4 team members below:

Kais

Co Founder:
 

Kais is a multi-talent in both graphic design and branding. With his experience and strategic approach, he helped build major brands including Unicef, Unilever and Greenpeace.
 

Twitter

Suby

Co Founder:

An engineer by training, but developing and building Web3 communities is now central to Suby. He has previously worked for a strategic design firm that continues to design and build leading NFT projects.

Twitter

Rio

Digital Artist:
 

No Okay Bears without slick graphics. Rio has plenty of experience, especially in the field of gaming. For example, he worked on Legends of Runeterra, Clash Royale and even films such as Cinderella.

/

Teeq

Web developer:

 

With a background in industrial design, UX design is central. He has worked on numerous design, creative and web development projects for both startups and government agencies.
 

Twitter

 

 

OkayBears.com

Social media

It is clear that the makers of Okay Bears are successfully building a strong community. Even before the launch of these 10,000 Okay Bears, there were already over 100,000 members active in their Discord. Knowing that there were only 2500 public mints, you can imagine that the hunt for these bears was truly unprecedented. It is therefore not entirely surprising that the entire collection was completely sold out a few minutes after launch.

Discord

101,300 members

Twitter

120,000 followers

Instagram

6500 followers

 

The above numbers are at the time of writing, May 2, 2022.

Conclusion

It is very difficult to estimate in advance whether or not an NFT collection will be successful. A roadmap is always promising, but the question is whether the team can live up to these expectations. Carefully we could say that the launch of Okay Bears looked pretty good. Why? They want to build a real community and even before the launch, the project has a Discord of no less than 100,000+ members. And a richly filled whitelist of 7500 that required the community to share, like and retweet, of course caused a tsunami of content on Twitter. And the remaining places for the public mint? Only 2,500 seats for a community of over 100,000 members? That was a battle of the titans.

In addition, we see that more and more NFT investors are finding their way to platforms other than OpenSea in order to avoid the sky-high gas fees. This tendency, in combination with a strong team, good skills and an admirable ‘blueprint’ makes Okay Bears a truly one-of-a-kind Solana NFT collection. Will it ever compete with Bored Ape Yacht Club prices? Time will tell!

Do you have any questions about Okay Bears or about Solana NFTs? Ask us in our AllesOverCrypto Facebook group where we now have more than 100,000 members! You can also easily find the answer to a question about crypto in our FAQs. Furthermore, you can also find a lot of information by googling your question + AllesOverCrypto.

 

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