What The Hell Are They?
Storytelling NFTs are the latest trending ‘meta’ within the industry’s Twitter community. In the past day, it seems like it’s all that people are talking about. With hundreds of Tweets simply reading: “Storytelling NFTs.” with no other context. Many look at them as a way to incorporate storytelling in web3, with members of the community writing, voting and contributing to stories.
About Storytelling NFTs
Storytelling NFTs give community members to get involved with a new collection in a way that they have never been able to before. Now, they can write the story or narrative behind an NFT collection, many of which have the possibility of becoming published work, if it is a success.
Some of the Best Ones
Bored and Dangerous was started by Jenkins the Valet. The collection fits in the storytelling genre and was created thanks to the work of 3,000 members of ‘The Writers’ Room’ driving the creative direction of the work. Beyond this, a novel was written by Neil Strauss, a 10-times New York Times Bestseller. The characters that feature in the novel, illustrations and ‘Where’s Jenkins’ game – all created by the collection – are owned by members of the community. Currently, the OpenSea floor price sits at 0.51 ETH, an impressive feat during the current bear market.
Similarly, Azurbala is a related collection. Bored & Dangerous holders can burn their NFTs in exchange for an Azur Root (a sacred item within Azurbala that can be redeemed for a PFP NFT). Azurbala, in comparison to the Bored & Dangerous collection, is way more fantasy based. They call themselves the “Jungle capital on the other side of the metaverse.” Each faction (including House Calypso, The Sprawls, and more) that makes up Azurbala has its own dedicated experience on the site. For instance, you can learn about their leaders, what the faction is known for, you can hear their native sounds, and much more.
Renga is a totally different storytelling NFT collection. Started by Dirty Robot Works, it is a handcrafted collection of 10,000 characters. Each with its own identity to be discovered within the wider stories of RENGA. In its purest form, as their OpenSea reads: “RENGA is the art of storytelling.” Currently, the floor price is 1.39 ETH, a huge, impressive number. The collection is inspired by community, art and imagination.
Overall, the ambition of these projects and their communities is clear. As a result, Storytelling NFTs, if built correctly, could become a massive part of the NFT space. Until now, there has been no real way to produce stories in the web3 space. But, this could quite possibly be the answer.
It’s also clear that many people are excited to see what will happen in the niche space. Particularly, in the past day alone, thousands of people have been Tweeting positively about them.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.