In late June, a new NFT project WZRDS unprecedented operation technique, quickly get a lot of attention, is to let the market floor price in a short span of time jumped ten times a day, but the bold style at the same time also created a lot of controversy, this paper will detail the uniqueness of this project to you, will create a new way of NFT game?
The story of WZRDS is set in 10,000 dirty wizards who have lost their magic (free casting mode). They live in Tyrol, a town that has lost their magic. In order to regain their magic, wizards go to the dark forest to collect magic mushrooms that can restore their magic.
This leads to an important mechanism for the project, where users can earn Shroomz by pledging a WZRDS NFT on the website.
The most hotly discussed topic among users is that the project officially launched the function of NFT destroying others’ NFT for the first time in history on December 12. The official system set that if any user’s WZRDS NFT is listed below 3.2ETH in the secondary market, other users can choose to burn them for 20,000 mushroom coins.
Within a day of the feature’s official launch, over 1,000 WZRDS were burned, and at one point there was a mini-gas war, with users competing to kill more COWZRDS(the official word for “coward” is “CO” in front of “WZRDS”).
These destroyed WZRDS will be removed from the original project and will be replaced with a skull named Half-Skull of WZRD NFT. According to the description, this skull will have a chance to be redeemed on the altar and may be re-used for potential purposes in the future.
But the move was a controversial one. Victims who had not been informed or had not had time to adjust their prices were killed in large numbers. There was also a lot of anger on Twitter from WZRDS holders who felt that the authorities had not given clear enough notice early enough and that the destruction system ignored their rights as NFTS holders.
But at the same time, some users are excited because it’s the most innovative storytelling they’ve seen on Web3.
In addition, some observers have expressed doubts about the intention of the project party to artificially inflate the floor price by reducing the overall NFT supply (at the expense of the holders).
Looking at NFT.GO’s data, we can notice that the floor price of WZRDS was about 0.35ETH before the destruction started, but a few hours later it had reached 3.2ETH(the destruction exemption threshold was reached), a nearly tenfold increase.
However, a closer look at OpenSea’s transaction data shows that most transactions are done through direct bidding, with the actual transaction price falling around 0.25ETH.
It is equivalent to saying that the floor price of 3.2ETH is just an illusion deliberately created by the authorities.
In fact, only 10 rare WZRDS have actually sold for more than the current floor price since the project was cast.
Why do WZRDS NFT contracts burn and why can WZRDS burn after an NFT is sold?
0xBean.eth, a former Coinbase engineer, tweeted:
In the WZRDS smart contract there is a special function called altarOfSacrifice[operator], which can be used as a mapping of tracking addresses so that anyone in this mapping can freely transfer/destroy anyone’s token.
In other words, officials can give anyone the power to destroy another person’s NFTS.
Vibes director Not Thread Guy wrote in response to the feature: I wonder who needs to hear this, but if a project stops it from hitting the shelves by forcibly destroying NFTS, sell everything and never look back.
The floor was artificial and the project was doomed to failure.
While some commenters were pessimistic, many praised WZRD for its innovative use of smart contracts to tell stories.
NFT trader @0b00oo wrote: WZRDS is an interactive, massive, story-based program where holders tell stories through their NFTS.
The project is at a very early stage and it remains to be seen how it will evolve.
But let’s face it, without Discord, WZRD uses Twitter, its official website, and superb storytelling to bring users into the Middle Ages with its heavy magic atmosphere.