What is Slumdoge Billionaires?

Updated: Oct 1, 2021

With all these new NFT projects popping up lately it's getting harder and harder to find ones that stand out from the crowd. Slumdoge Billionaires caught my eye with its design but is that enough for them to win over the hearts of NFT collectors?


Project Stats

  • Total supply: 10,000 NFTs

  • Unique traits: 200

  • Mint price: 0.069 ETH


Slumdoge Billionaires is a generative avatar project similar to Bored Ape Yacht Club. Both projects share the same total supply & members-only concept. All 10,000 Slumdoge Billionaire NFTs sold out within 6 hours of the project launch. The price of minting slumdoges was slightly lower than BAYC's prices while containing an additional 30 traits.


Features

Slumdoge Origins - This is a comic series being produced after the SB team reached their goal of minting 30% of the NFTs. These comics will explore the origin story of the slumdoges and give meaning to the different traits (breed & mutations) that the NFTs possess.


Tha Doge Pound - This will be an area accessible only to Slumdoge Billionaire NFT owners. Its SB's version of the Bored Ape Bathroom. Levels of the Doge Pound will include Le Garage & The Galleria.


Le Garage - This is planned to be an area for exclusive NFT giveaways. Their website specifically mentions a future release of "Slumdoge Lambo NFTs designed to match the traits of your Slumdoge NFTs."


The Galleria - This will be an online store for members only. "Expect limited edition garments, rings, art and much wow."

 

Analysis


Pros:

  • Aesthetically pleasing design (neckline kinda weak tho)

  • Doge is one of the longest standing memes on the internet. The Doge community can't be underestimated.

  • Cool ideas to give the NFTs meaning

Cons:

  • The generative avatar NFT market is becoming extremely crowded

  • Some traits are definitely NOT copyright compliant (ex: Lakers jersey, Adidas cap, Goku hair, etc.)


All generative NFT projects not named CryptoPunks or BAYC are fighting an uphill battle at the moment. Crypto prices have been tanking and the market is becoming more hesitant to throw its money at new NFT projects. Meanwhile, NFT projects are spawning left and right competing to gain market share from the two previously named communities. Slumdoge Billionaires is no exception to this.


The good news is that they have a slight advantage over their competition for the three reasons I listed as pros. When comparing the pros, community holds the most weight on deciding the future of Slumdoge Billionaires. Community will be it's make or break factor, same as any other crypto project in existence. It will be extremely important for the Slumdoge Billionaires to leverage the Doge community and bring exciting members-only content to set itself apart from the competition.

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