IPX has unveiled its first PFP project ‘WADESIDE’, increasing the dynamic between true IP activity and NFT value growth.

adminFebruary 27, 2024

Chainwire, Seoul, South Korea, February 27, 2024

IPX has unveiled its first PFP project ‘WADESIDE’, increasing the dynamic between true IP activity and NFT value growth.

IPX, together with CRIPCO, a global blockchain and NFT company, is launching digital artist WADE’s first PFP project, WADESIDE, with 13,333 works, through the industry’s first Initial NFT Offering (INO) through a bucket auction for businesses and the public.
According to the company, the private auction, which was held for five days starting February 22nd, recorded the highest amount ever with the participation of famous web 3 companies such as Animoka Brand, Chiru Labs, and Faber, and the public auction will begin on February 28th. I followed you every week
The price of the WADE F&F membership NFT, released in 2022, was about 1,000 won in January this year. It is 240x higher than initial mining, validating real-world IP activity as a catalyst for NFT value growth. – According to a company statement:
Even before its launch, the new WADESIDE project received attention as ‘one of the most anticipated PFP projects of the year’ from major global NFT alpha groups and communities.
IPX elevates WADE’s digital artist identity to maximize IP value across both Web 2 and Web 3, while WADESIDE provides benefits that encourage co-growth between IP and fans.

Digital IP entertainment company IPX (formerly Line Friends) announced that it will launch its first PFP (Profile Picture) project ‘WADESIDE’ through a partnership with global blockchain and NFT company CRIPCO.

Since launching the WADE F&F membership NFT in September 2022, IPX has been in close communication with holders and has built trust and a strong bond by consistently showcasing WADE’s activities as a digital artist. Despite unstable market conditions, NFT prices have steadily risen, reaching approximately 240 times the initial mining price as of January, according to a company statement. IPX’s commitment to consistent, authentic IP activity has proven to be correlated with a surge in NFT values, even during the ‘crypto winter’.

The “WADESIDE” project, created based on digital artist IP WADE on the Ethereum blockchain, sequentially introduces a total of 13,333 profile photo (PFP) NFTs. For the first time in the industry, the company introduced the INO (Initial NFT Offering) system and applied a bucket auction-style sale method that is held every week of the year for companies as well as general companies.

IPX completed the pre-sale of 1,916 NFTs through a private auction for corporations and whitelists from February 22nd to 27th. According to the company, global Web3 giants including Animoca Brands, Azuki, Sappy Seals, Phaver, and Mocaverse participated in the project. The auction raised the highest amount ever in 5 days, proving the industry’s high interest. Except for some NFTs airdropped to existing WADE membership NFT ‘WADE F&F’ holders, the remaining NFTs will be sold to the public through weekly auctions for the next 43 weeks starting February 28th.

WADESIDE attracted several high-profile companies in the pre-sale and garnered attention from leading alpha groups and communities in NFT circles on Discord and X (formerly Twitter) as ‘one of the most anticipated PFP projects of the year.’ The project has received a lot of attention from the online community, and many participants in the cryptocurrency ecosystem are awaiting the project’s launch.

“IPX’s NFT business is not simply a means to generate immediate profits, but is an essential part of the IP business aimed at sustainable growth of IP. That’s why we want to expand the WADE IP, which has built influence by communicating with fans in the music, fashion, and art fields, to Web3 through NFT.” An IPX official said, “WADESIDE is a unique project that benefits fans who recognize WADE’s value as an artist. “I expected it to be a project where IP and fans grow together,” he said.

Meanwhile, WADE has launched impressive collaborations both virtually and in real life with luxury fashion brands such as PEACEMINUSONE, SAINT MXXXXXX, and Valentino. WADE also holds pop-up (IRL) events for WADE F&F holders and business partners and hosts ‘O! He is the first virtual artist to participate in the ‘Leica 2022’ photo exhibition and is a digital ambassador for Sneakers Unboxed Seoul. This year, WADE plans to continue releasing digital music, participating in culture and arts festivals, and collaborating with famous brands in various fields. According to IPX, this begins with participation in the Airless GEN1 brand campaign with Wilson, the official NBA ball manufacturer.

Detailed information about ‘WADESIDE’ can be found on the website (https://mint.wade.club/).

bucket auction

In a bucket auction, participants bid with Ethereum for each NFT, with winners and losers determined by the liquidation price determined at the end of the auction. The floor price is calculated by dividing the final markup amount by the number of NFTs sold.

Introducing IPX (FKA Line Friends)

IPX is the new corporate name of LINE FRIENDS, a global character brand created for stickers of LINE, a leading mobile messenger app with 200 million active users around the world, starting with original characters such as BROWN, CONY, and SALLY. IPX recently announced a new business strategy to accelerate the global expansion of its IP business by diversifying its IP portfolio for all age groups and advancing its digital and retail business. IPX is conducting IP-based business in partnership with global companies such as Netflix (original animation series), Supercell (Brawl Stars), and Nexon (Kart Rider), and has created popular IPs such as digital artists ‘WADE’ and ‘BT21’. come. (BTS) and ‘TRUZ’ (Treasure) have expanded their scope to include virtual influencers, capturing the hearts of more than 40 million millennials and Generation Z around the world. IPX currently operates in 17 markets around the world, including Seoul, New York, LA, Tokyo, and Shanghai, and operates 16 online sales platforms.