STR8FIRE, an IP and entertainment startup backed by Shima Capital, reached a significant milestone with the debut of its Genesis NFT collection, which sold out within seconds on OpenSea and Blur. This achievement stands out, especially considering the challenging market conditions, and demonstrates the project’s strong appeal.
STR8FIRE’s Launch Success
- Immediate Sell-Out: The Genesis NFT collection sold out within seconds of its launch.
- Trading Volume: In the first 24 hours, STR8FIRE’s total trading volume reached 8.17 ETH.
- Future Plans: This successful launch sets the stage for a forthcoming token launch on centralized exchanges.
What is STR8FIRE?
STR8FIRE is a project that integrates web2 intellectual properties (IPs) onto the blockchain, expanding their reach through various mediums like animation, comics, games, toys, and music. This is achieved using Epic’s Unreal Engine and Nvidia’s Omniverse platform.
- Genesis NFT Collection: Consists of 1,200 free-mint NFTs, with over 814 claimed during the initial mint phase.
- Upcoming Token: Holders of STR8FIRE’s Genesis NFTs will be eligible for an airdrop of the upcoming $STR8X token, launching later in 2024.
- Exclusive Perks: NFT holders will also gain access to exclusive perks tied to the project’s IP partnerships.
Acclaimed Team of Industry Experts
STR8FIRE boasts a team of industry veterans, including:
- Marvel Comic Writer
- BAFTA-winning Animator
- IP Developer for Disney
- Experts in AI and DeFi
Notable leaders include Christiaan Eisberg, Xuyang Zhao, Ben Lock, and Haiwei Yuan. The project aims to redefine entertainment and intellectual property in the modern age by integrating web2 IPs into the web3 ecosystem through blockchain technology.
Combining Cutting-Edge Technology with Strategic Partnerships
STR8FIRE has developed a 3D Pipeline Technology using Epic’s Unreal Engine and Nvidia’s Omniverse, enabling the creation of immersive and interconnected narratives.
Strategic Vision
“Web3 has the power to change the controlled world of IP through community participation and our IP development fund, creating a flywheel of products through NFTs, games, and more,” said Christiaan Eisberg, Founder and CEO of STR8FIRE. “Our ecosystem is fueled by the $STR8X token, which is used to pay fees on the platform, in-game purchases, and buy-ins for play-to-earn games.”
Expanding IP Ecosystem
STR8FIRE is currently expanding its sci-fi animated series, titled VIRUS, into a comprehensive IP ecosystem. This includes:
- Toy Collection
- Mobile Game
- NFT Series
These expansions are in partnership with Bilibili, China’s largest animation studio. The project continues to garner attention as it integrates web2 IPs into the web3 ecosystem, leveraging blockchain technology to revolutionize entertainment and intellectual property management.
