TL;DR: With a new update or NFT collection being released almost every day, it’s clear the crypto ecosystem is constantly evolving. a KID called BEAST is one of the NFT collections paving the road to the digital universe — but it’s just the beginning. Knowing what brought it here and why it was created will lead you to make better decisions when investing or simply interacting with a KID called BEAST.
In this article, we’re gonna dive into the a KID called BEAST lore, answer all the a KID called BEAST related questions and even more. Prepare yourself for a fantasy story and a journey to the future of a KID called BEAST!
What is a KID called BEAST?
a KID called BEAST is an NFT collection of 10,000 3D avatars that live on the Ethereum blockchain.
In the lively world of A KID called BEAST, each character has its own set of interests and quirky traits. The creators believed that deep down, we all have unique instincts, some just hide them better!
The creators of the AKCB have deliberately designed the Beasts with hoodies in order to make them as inclusive as possible. Instead, Beasts are expressing their emotions from the way they dress and the accessories they wear.
This NFT collection is a playful tribute to these inner selves, inviting collectors to express themselves freely. Avatars in this 3D playground showcase a delightful mix of personalities. From savoring tasty treats to embracing art, luxury living, coding, and crypto adventures, these avatars explore a diverse range of interests. Some are gentle and sensitive, while others exude boundless energy — reflecting the beautiful tapestry of human personality. Their unique attire isn’t just clothing; it is a vibrant declaration of individuality within the world of A KID called BEAST. Honesty and self-awareness are celebrated, and their outfits become a canvas for self-expression.
For those eager to dive in, a fun quiz on the official website helps folks discover which Hood and Beasthood match their vibe.
The debut A KID called BEAST collection features a vibrant mix of 10,000 3D collectibles, each belonging to a distinct Beast Mode. You too can be part of the journey by owning one of the 10,000 NFTs.
Owning an NFT is different than screenshotting a JPEG — just like holding an original Rembrandt is more valuable than owning a replica. As their name suggests, NFTs are non-fungible by design. This is different from digital tokens like Bitcoin and Ethereum.
Fungible assets can be exchanged for another asset of the same type, much like BTC, ETH, or even fiat. NFTs, on the other hand, are unique assets where their ownership details are documented on the blockchain, ensuring digital scarcity and unique attributes for each asset.
But how exactly is digital scarcity being enforced?
The concept of NFTs first emerged in 2012 with the creation of Colored Coins, which could be used to represent real-world assets on the blockchain. However, Colored Coins only worked in a permitted environment, making it more similar to a database than anything else.
As the crypto industry became more popular, people have continued to experiment with the idea of a digitally scarce asset. This led to the creation of ERC-721 and ERC-1155.
The ERC-721 standard is like a set of rules for making NFTs. These actions help in making special tokens with their unique information, making them different from one another.
Behind the scenes, ERC-721 smart contracts keep a list of who owns which token, making it safe to pass tokens from one person to another. The contract also keeps count of how many tokens there are altogether and how many each person has.
As previously mentioned, a KID called BEAST NFTs is secured by the Ethereum blockchain. Ownership and transaction history are publicly visible on the Ethereum blockchain along with other important info such as the NFT’s metadata.
Understanding how to access an NFT’s metadata is essential for holders to grasp the specifics of what they’re buying.
Metadata usually includes visual attributes like color, type, wearables, and so on. On the blockchain, it looks something like this:
a KID called BEAST have their own set of traits that make up their uniqueness. These are defined by 20 Beasthood types. In addition to their Beasthood, Beasts have 200+ clothing and accessories (each clothing and accessory with its own color) that make them unique.
Some traits are rarer than others, which makes a specific NFT stand out from the rest. For example, only 2 “Yeti” Beasts are in existence.
The a KID called BEAST NFT collection has been autogenerated. This means that out of the potential combinations, only 10,000 a KID called BEAST will ever exist!
What is the utility of a KID called BEAST?
a KID called BEAST make for an awesome avatar pic, but it’s also your ticket to the AKCB creators community.
Currently, 1000 NFTs are held in a “community-voted reserve” for future partnerships, and giveaways.
As the a KID called BEAST brand expands, NFT holders will be able to continually earn rewards. Whether you are hodling for a season or longer, the a KID called BEAST ecosystem continues to explore new ways of keeping holders engaged.
Who created a KID called BEAST?
A KID called BEAST was created in 2022 by Rafael Ferrero aka “Rafsby” and his team at BEAST studiolab.
The idea behind the concept is to redeem 3D NFTs. In one of his interviews, Rafsby confessed that most NFT rug pulls were 3D projects. This didn’t do any justice to the concept. Using a 3D NFT, creators are able to combine it with augmented reality and integrate it within digital experiences. Creating a 3D avatar is far more complex than a plain 2D jpeg. For this reason, the AKCB project took 14 months before it launched.
The AKCB mint had its share of controversy. Early rumors that AKCB would be the next BAYC placed a target on their backs — some people had extremely high expectations while others were extremely sceptical.
In the saga of the mint event, questions about legitimacy and practices took center stage. The story began on January 15, 2023, during the mint process. Right from the start, technical problems and hacks plagued the allocation process for this collection.
The root issue stemmed from the collection having a 10,000 NFT supply, but the founders allowed 24,000 allocations for the whitelist (WL). This meant that from the beginning, 14,000 individuals were bound to lose their spots. The mint experience was marked by delays, with some waiting for hours before the slots opened. Many attempted to mint multiple times without success. During this time, AKCB official accounts remained silent, adding to the confusion and frustration.
Only 6,325 NFTs were minted out of the intended 10,000, leaving almost 17,500 wallets removed from the whitelist. Suspicions of a rug pull emerged as people believed AKCB might have profited from letting more than the intended 10,000 individuals mint. This controversy intensified due to a suspicious wipe of wallets, which some believed were real people unfairly removed from the whitelist.
Further fueling the scepticism was an influencer’s revelation about collaboration plans for WL spots. It was discovered that 24,000 wallets were allocated for the whitelist, implying over-allocation by the founders. Despite these accusations, AKCB managed to reassure their community and resumed the minting process on January 24, implementing security measures and audits to regain trust. However, the project faced another hurdle as their Twitter account was hacked, leading to scams during the minting phase. Despite these challenges, they carried on, focusing on security and community engagement to restore confidence.
On March 24, a thorough investigation by @Hashbastards shed light on the KID Called BEAST rug pull controversy and the problematic minting situation. Utilizing the transparency of blockchain technology, Hashbastards meticulously gathered information, connecting the dots to reveal a startling revelation.
In essence, the alleged technical glitches and errors were not coincidence — they were a deliberate ploy orchestrated by the AKCB founders. Their motive was to conceal the fact that they were minting a considerable portion of their own NFT supply. The crypto community reacted strongly to these findings, praising Hashbastards for conducting a legitimate investigation and bringing the truth to light. Krad engaged with the community, refuting the allegations and defending the legitimacy of the mint through explanations and encouraging people to verify the facts in their Discord servers.
Regardless of the ongoing debate surrounding the KID Called BEAST rug pull controversy, the project continued to receive support from its community. Remarkably, the AKCB floor price remained resilient, showing little impact from the scepticism. Immediately after the initial mint, A KID Called BEAST claimed the top spot on OpenSea, fetching an impressive floor price of 0.4 ETH (approximately $600 at that time), which was five times higher than the mint price.
Additionally, with the announcement of the Vault event for soft-staking by AKCB’s official account, the floor price reached its all-time high at 2.1 ETH. This demonstrated that a month after the mint, AKCB had secured remarkable sales and a robust community. Notably, one of the NFTs, BEAST #8195, set a record by selling for an impressive 50 ETH.
A significant factor in KID called BEAST’s redemption story is their commitment to community welfare. In response to the hacks, Rafsby took a proactive step by compensating the victims. He distributed 350 beasts from the 1,000 reserve initially intended for raffles. This act of giving back amounted to nearly a million dollars worth of Beasts, a substantial gesture considering the initial hack was valued at approximately $52,000. This initiative showcased the project’s dedication to its community and helped rebuild trust after the unfortunate incidents.
Who is developing a KID called BEAST now?
A KID called BEAST is being maintained by BEAST studiolab, a web3 media agency that is made out of the contributors listed on the AKCB website.
The AKCB team is a skilled collective of 24 members, encompassing digital artists, community managers, and developers.
Rafael Ferrero is the co-founder of Loudchain, a Web3 digital marketing agency. He has prior experience in trading and has been involved in the tech industry since 18 (he’s 35 now).
Caleb Smiler is the founder of AnjiEco, a groundbreaking DeFi platform facilitating crypto trading and earning. Meanwhile, Rafsby leads Loudchain, a crypto consulting firm.
Jamie aka Mr. Cat is the designer behind the AKCB NFTs. Jaime excels in crafting characters in the art toy style, aiming for both visual appeal and emotional connection. With a dedicated focus on character creation for nearly a decade, his design passion has led him to collaborate with major global brands while maintaining his distinct personal touch. He worked with famous clients such as Nike, Instagram, Meta, and Apple.
CryptoKrad has quit AKCB on August 15, 2023, due to allegations that the 150 BEASTs that were under his supervision were “hacked.” Two days later, the AKCB team announced that the NFTs had been retrieved. These allegations, however, don’t hold water as someone from AKCB must have had control over the private keys in order to retrieve the NFTs. One can assert that CryptoKrad’s wallet being hacked in the same week was a dubious circumstance, but the community has moved on since then.
Investors are also an important component of the a KID called BEAST ecosystem. Although they don’t get involved directly in the governance of the project, they do exert an influence over the brand’s expansion into the mainstream. As of 2023, a KID called BEAST hasn’t pursued any strategic fundraisers. Instead, they choose to focus on community output.
A KID called BEAST has a multitude of upcoming ventures and future prospects, encompassing both the tangible and digital realms. In the physical domain, the team has engaged in discussions with potential suppliers and has initiated the production of prototype BEAST models.
These prototypes are being created to assess which supplier can deliver the desired quality. However, the exact price range, accessibility, and supply details are still under determination. The team envisions establishing a physical presence through boutique Web 3.0 high-street stores in prominent cities like London, Paris, New York, Dubai, and Tokyo. Moreover, they are considering pop-up stalls at various crypto, fashion, and music events in the future.
Additionally, the team plans to create a launchpad for emerging creatives to showcase their diverse work to the community, spanning NFTs, photography, sculptures, clothing, paintings, and more. They’re also in the process of developing an upscale A KID called BEAST streetwear brand, set to launch in exclusive runs and batches. Initially, these exclusive releases will be available for purchase to holders before being made accessible to the general public.
Furthermore, A KID called BEAST’s team will curate the aftermarket for these releases, collaborating with various fashion platforms and influencers. Each minted BEAST is associated with one of 20 BEASTHOODS, forming an internal community within the A KID called BEAST ecosystem. BEASTHOODS will engage in competitions, giveaways, and opportunities, adding value for holders who will compete with other BEASTHOODS for added benefits. They’ll have their private chat for coordination and an internal decentralized autonomous organization (DAO) to manage leadership, charities, treasuries, and more.
In the digital space, the augmented reality demo of A KID called BEAST received an overwhelming response and has become an integral aspect of the brand. This feature will be significantly expanded for NFT holders, incorporating increased functionality, multiple formats, and additional features. These offerings will be accessible through a dashboard, allowing holders to launch their augmented reality application related to A KID called BEAST. This facet of the project will remain a focal point of development, as the team strives to integrate cutting-edge augmented reality technologies into the project continually.
How does a KID called BEAST make money?
Now, let’s get to the juicy part – how does a KID called BEAST make money?💰 (No, flipping and rug pulling are not the correct answers)
The answer to this question is strongly related to intellectual property.
Think of popular trademarks such as Mickey Mouse, Spider-Man, or Coca-Cola. Every time you see movies, books merch, or posters with them, know that the owners of the IP get a share of the profits. The same thing goes with the NFT holders, in theory.
When it comes to NFTs, it’s quite challenging to fit them into the traditional framework of copyright law. To give more context, owning an NFT doesn’t mean holders have automatic control over the creative work. This creative control needs to be granted by the creator.
As such, NFT holders should pay attention to what IP rights, if any, come with owning the NFT.
The founder of a KID called BEAST has authorized the use of the IP of any individual's owned ACKB NFT. This means NFT holders have full commercial rights to the art in their owned wallets. There are no monetary limits on earnings from merchandise, derivatives, or other commercial uses.
Another way of generating revenue is via royalties. The creators of AKCB earn 5% in royalties from every secondary sale.
Thanks to the flippers, AKCB has made 155 ETH in royalties the day after the minting event.
As of 2023, Rafsby is working behind the scenes to launch a record label focused on K-Pop and R&B. According to Rafsby, this is a venue can combine music and NFTs, which is worth exploring. The first step is to assemble a mixtape from the community and “do a physical item that has the technology component to it.”
Where can I buy a KID called BEAST?
You can buy a KID called BEAST on OpenSea.