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The CryptoBears Watch Club has created major waves in the NFT space with its most recent launch. CBWC recently released 10,000 unique collectibles on the Ethereum Blockchain that feature bears sporting luxury timepieces. However, what gives this collection an edge over its competition are the rewards members get if they hold their tokens rather than flip them.
CBWC’s journey into the NFT space comes with its expansion into the metaverse as the club has its planet in the Sandbox metaverse. The club’s exclusive planet is known as Planet Arkuoda, which features a vast natural landscape, ancient artifacts, and luxury goods from the modern world. Members who hold their tokens can “evolve” them into three-dimensional avatars that can live in and explore this planet. Additionally, long-term holders can receive CBWC rewards such as airdrops and utility tokens. These rewards may then be used to obtain real limited-edition watches.
CryptoBears has penetrated through popular culture mainly via endorsements from influencers and well-known celebrities. These public figures have expressed their optimism regarding the project’s potential as they see it as one of the most exciting in the NFT and luxury watch space. Some notable endorsements come from names such as Tyga, The Game, and Rich The Kid.
Source: GlobeNewswire, Benzinga
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