What are Meebits?

Created in May 2021 by the same people as CryptoPunks—Larva Labs—Meebits are traded for a much lower price. There are 20,000 unique Meebits characters created that look like Lego dolls. Each Meebit is unique and comes with its own set of attributes, such as clothing, accessories, and facial expressions.

Clearly, the success of Larva Labs’ earlier project, CryptoPunks, radiates to their following projects. But the Meebits can be seen as the next step from 2D CryptoPunks to 3D Meebits that can be used as Avatars in metaverses in the future. The owner of a Meebit will also receive an OBJ file, which is the full 3D model of your Meebit that can be imported in any standard 3D animation software. You can easily animate your Meebit then and let them perform any actions you want.

The official Meebit collection you can find on the Opensea marketplace here: https://opensea.io/de-DE/collection/meebits

Why Now Could Be the Right Time to Invest?

Non-fungible tokens (NFTs) have taken the world by storm over the past 2 years, with many people investing in digital artwork and collectibles. When the Meebits collection hit the market they quickly gained popularity among collectors and investors. But am I not too late now to invest in them? The initial mint price of a Meebits was 2.49 ETH and their floor price peaked at 6.6 ETH in May 2022 which means you can currently buy one for a 50 % discount.

Why Buy Meebits Now?

1. Rarity and Scarcity: The Meebits collection is limited to 20,000 unique characters, making them rarer than some of the other popular NFT collections like CryptoPunks and Bored Ape Yacht Club. As more and more people enter the NFT market, the demand for rare and unique collectibles is only going to increase, which could drive up the value of Meebits over time.
2. Strong Community: The Meebits community is growing quickly, with active social media channels and Discord groups dedicated to the collection. This strong community could help drive up the value of Meebits in the long run, as more people become aware of the collection and its unique features.
3. Increasing Value: Since the release of the Meebits collection, the value of individual Meebits has already increased significantly. Some Meebits are currently selling for upwards of 20 ETH, which is eight times the original purchase price. With this kind of growth, it's clear that Meebits are a worthwhile investment for those who are interested in NFTs.
4. Future Potential: The extremely successful Bored Ape Parent Company Yuga Labs has acquired the IP rights of the CryptoPunks and Meebits in March 2021. They have transfered IP rights to individual token holders, which means NFT holders of a Meebits NFT can use them commercially. Yuga Labs has promised to be building the overall brand right alongside them and bringing additional utility to the Meebits collection.

Conclusion

If you're interested in investing in NFTs, the Meebits collection is definitely worth considering. With their rarity, strong community, and increasing value, Meebits have a lot of potential for future growth and development, especially since Yuga Labs is now behind them. While there are no guarantees in the NFT market, buying Meebits now could be a smart move for those who want to get in early on a promising collection and they are cheaper than any other Yuga Lab NFTs.

Disclaimer: This is not a financial advise and always do your own research! Investing in Cryptocurrencies and NFTs can result in the total loss of your invested capital!

If you want to learn more about NFTs we recommend to read our Ultimate NFT Guide Book for Beginners available here on all Amazon marketplaces!