September 19, 2024
Chicago 12, Melborne City, USA
Adventure NFT

How an Esports Player Sold His Winning NFT for $1.63 Million

NFTs and NFT PC games are taking over the gaming world by storm, allowing players to own and trade unique digital assets representing their skills, achievements, and personalities. One of the most recent examples of this phenomenon is the sale of a winning key NFT from a game called “Dookey Dash” by esports player Kyle “Mongraal” Jackson to billionaire entrepreneur Adam Weitsman for 1,000 ETH, or $1.63 million!

What is Dookey Dash?

Dookey Dash is a game created by Yuga Labs, the same team behind the popular Bored Ape Yacht Club (BAYC) NFT collection. The game is a racing platformer where players compete to collect keys that unlock different levels and rewards. The keys are also NFTs that can be sold on secondary markets.

How Mongraal Won the Key NFT

Mongraal is an 18-year-old gamer known for his skills in Fortnite and other esports titles. He participated in a Dookey Dash tournament hosted by Yuga Labs on February 22nd, where he beat out hundreds of other players to win the first key NFT ever minted by the game. The key NFT grants him access to a special level called “The Vault,” where he can find exclusive loot and secrets. It also has a unique design that features his name and avatar.

Why He Sold It for $1.63 Million

Mongraal decided to list his key NFT for sale on OpenSea, a popular marketplace for NFTs, for 3,333 ETH, which is equivalent to $5.43 million at current prices. He said he wanted to test the market and see how much people would value his rare asset.

He received several bids from interested buyers, including UpDAO, a Web3 community that offered 690 WETH ($1.1 million), and 9GAG, a meme site that offered 999 ETH ($1.6 million). However, he ultimately accepted an offer from Adam Weitsman, a billionaire who owns several scrap metal businesses and crypto mining ventures. Weitsman is also an avid collector of BAYC NFTs and other digital art pieces. He said he was impressed by Mongraal’s performance and wanted to support him as well as Yuga Labs.

Mongraal thanked Weitsman for buying his key NFT and said he was thrilled that it went through with him. He also thanked Yuga Labs for hosting an incredible competition and said he looked forward to competing in future events. As part of the sale agreement, Mongraal will pay 5% of the sale price in royalties to Yuga Labs, which amounts to 50 ETH or $81,500.

What This Means for Play-to-Earn / NFT PC Games

The sale of Mongraal’s key NFT is one of the largest transactions ever recorded in play-to-earn games with crypto and NFTs. Play-to-earn games are games where players can earn rewards by playing or contributing to the game’s economy or community.

Some examples of play-to-earn games are Axie Infinity, Splinterlands, The Sandbox, Katana Inu, Gods Unchained, Alien Worlds, etc. These games offer players new ways to monetize their gaming skills and passions while also creating vibrant ecosystems around their digital assets.

The success of Mongraal’s key NFT shows a huge demand and potential for play-to-earn and NFT PC games in both casual and competitive settings. It also demonstrates how gaming can be more than just entertainment but also an investment opportunity for both players and NFT collectors that invest in play-to-earn games.

How to Play NFT PC Game Dookey Dash

Dookey Dash is a skill-based game that resembles an endless runner. The player’s task is to avoid or break through obstacles in the sewers while collecting items called fragments. The fragments can be used to unlock new characters, skins, and accessories for their BAYC or MAYC NFTs.

The game was available exclusively to holders of Sewer Pass NFTs, which were distributed by Yuga Labs to BAYC and MAYC owners for free. The Sewer Pass NFTs also gave access to a special leaderboard where players could compete for prizes.

The top prize was a one-of-a-kind key NFT that granted access to a secret level called “The Vault”, where players could find rare loot and secrets. The key NFT also had a unique design that featured the name and avatar of the winner. Other prizes included exclusive BAYC merchandises, such as hoodies, hats, stickers, etc.

NFT PC Games:

The Future Plans of Yuga Labs for Dookey Dash

Yuga Labs, the company behind BAYC and Dookey Dash, has been expanding its presence in the play-to-earn (P2E) gaming sector with its innovative projects. The company has hinted at what’s to come for its loyal community of ape owners.

According to an executive from Yuga Labs1, the company is working on developing more games and experiences that leverage its NFT collections and reward players with unique tokens and assets. The executive also revealed that Yuga Labs is exploring partnerships with other gaming studios and platforms to bring more value and exposure to its NFTs.

One of the upcoming projects that Yuga Labs has announced is Ordinals2, a new NFT collection that will feature 10,000 randomly generated numbers with different attributes and rarities. The Ordinals will be used as tickets to access exclusive events, games, and content created by Yuga Labs and its partners.

Another project that Yuga Labs has teased is a sequel to Dookey Dash that will introduce new features, levels, characters, and rewards. The sequel will also be compatible with Ordinals NFTs, which will unlock special bonuses and perks for players.

Yuga Labs has proven itself as one of the most innovative and successful companies in the NFT PC game space. With its future plans for Dookey Dash and BAYC, it aims to continue delivering high-quality games and experiences that delight its fans and attract new ones.

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