Bear Market Miracle: DigiDaigaku

Within one day of the sale, the floor price rose to around 2 ETH from only cost gas fees to purchase one, and on August 29th the floor price once rose to about 18 ETH (currently floor is 10 ETH).

Sep 03, 2022

On August 10th, a project was released in the form of a Stealth Drop, a free Mint meaning it only cost Ethereum network gas fees to purchase one (around 0.005 ETH). Within one day of the sale, the floor price rose to around 2 ETH, and on August 29th the floor price once rose to about 18 ETH (currently floor is 10 ETH), which means that if you minted it, your return would be more than 200,000% in 3 weeks. This project is DigiDaigaku, a miracle in the current bear market.

Stealthy with Strong backers

This project has been shrouded in mystery and stealthy since its launch. Be it DigiDaigaku or the parent company Limit Break, their official website has not much information except for a couple tweets.

Later on, Limit Break announced that they raised $200 million from well-known institutions like Paradigm, FTX, Coinbase, Yield Guild Games, Sfermion, Standard Crypto, Buckley Ventures and Genblock Capital. The endorsement of so many reputable web3 investment institutions is likely a strong factor towards DigiDaigaku’s rising popularity.

Stellar Team Track Record

Although Limit Break is a new company, its two founders, Gabriel Leydon and Halbert Nakagawa, are well-known figures in the game industry. They are the core members of Machine Zone, one of the largest game developers in the United States (CEO and co-founder respectively).

Founded in 2008, Machine Zone is known around the world for its MMO strategy games Game of War: Fire Age and Mobile Strike. It can be said that it has brought the F2P (Free to Play) trend in the market, and both games were among the top ten mobile games which generated the most revenue at that time. Machine Zone is one of the most famous mobile game developers in the world.

Limit Break, led by illustrious founders, can be said to be the pioneers of the F2O model. Leydon tweeted that he will replace the F2P (Free to Play) of traditional games through the Web3-driven F2O (Free to Own) model, showing his ambition and optimism for the Web3 game field:

Beware! A new type of scam

Recent if you are a frequent user of Twitter, you may notice tweets like this:

The tweet offers an arbitrage opportunity, claiming a “Chinese retail buyer” is offering a high price for a normal Otherside NFT from Yuga Labs, proposing anyone with enough liquidity should take the chance and make a fortune. There are even comments like “wish I had the ETH” and twitter bot accounts tagging people to raise attention.

Too good to be true? Yes of course it is. The truth is that the user who made the offer had removed authorization on their WETH, so the offer doesn’t exist. These scammers are seeking to sell an NFT with low rarity with a high price.

Don’t fall for that folks!

8DAO’s 8Pulse

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