Emerging non-fungible token (NFT) community the Bad Bears entered the metaverse with one clear mission in mind: to take over. Today, it is doing what it set out to do with its 5,555 bear tokens and its tokenized ERC-721 ecosystem built on the Ethereum blockchain. All community members automatically become part of the Bad DAO or decentralized autonomous organization.
“10% of profit from the initial Bad Bear mint and royalties in perpetuity are allocated to the Treasury DAO. This gives holders real power including the ability to vote on what crypto projects and blue chip NFTs to invest in, how the future of the community is shaped, and exclusive insider votes on future projects and NFT drops. Being a part of the Bad Bears DAO provides additional value to NFT holders than just the floor price of their Bear,” the founders explained.
A new and improved Mishka token ($MSK) is at the center of the Bad Bear universe, which is filled with exciting experiences in the future. This fixed supply NFT utility token is uniquely designed to promote innovation and elevate the value of each Bad Bear token. $MSK launched just last January 20.
Impressive giveaways await a few lucky winners on March 8, 2022, as the token community raffles off a trip to space worth $125,000 or $75,000 worth of ETH. The second winner will get $15,000 worth of ETH, while the third winner will go home with $10,000 worth of ETH. To qualify for these amazing treats, token holders should keep their NFTs until March 8. One Bear and one day is equivalent to one entry. Five Bears and one day is equal to five entries, while 5 Bears and 30 days is equal to 150 entries.
Members of the Bad Bears token community are also in for some remarkable privileges and perks, including exclusive access to Bear labs drops. This will include the upcoming Bad Cubs and VX Metaverse Bears. Being a member also means having access to the VIP section of the IRL A-list parties hosted by the community across the world. Additionally, members can earn passive income from every Bear they own. They can even earn exciting multipliers by consuming serums from the Bear Labs. Also, all members have full commercial rights and usage of their NFTs. They can even use it on logos, shirts, and other collateral they want.
It is worth remembering that Bear Labs will be consistently releasing serums, viruses, and crazy tech, which produce mutations that make the NFTs extraordinary. These improvements can be seen as simple added perks or cross-chain and metaverse compatibility. Token owners will see more exciting experiences as their characters evolve.
The founding team behind the NFT is composed of Tony Marchuck or Barry H., Rob Paslaqua or Teddy B., and Joe Hill or Fred Q. Tony is a known serial entrepreneur who specializes in product development, software, and UX. Rob, on the other hand, has a strong background in sales and marketing. He is very passionate about NFT just like his two teammates. Meanwhile, Joe specializes in international finance and accounting. He is well-versed when it comes to crypto.
Their coming together created a remarkable community, which is only the beginning of two other token communities in the making. They are expected to elevate the experiences of their members, just like what Bad Bears is doing today.